TSEM vs. BWET
TSEM (Tower Semiconductor Ltd) is a stock, while BWET (Breakwave Tanker Shipping ETF) is Commodities fund tracking the Breakwave Wet Freight Futures Index. Over the past 3 years, TSEM returned 85.48%/yr vs 135.18%/yr for BWET. Their 0.08 correlation means their historical movements had little consistent relationship.
Performance
TSEM vs. BWET - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TSEM achieves a 99.56% return, which is significantly lower than BWET's 1,246.34% return.
TSEM
- 1D
- 6.67%
- 1M
- 6.97%
- 6M
- 71.17%
- YTD
- 99.56%
- 1Y
- 424.56%
- 3Y*
- 85.48%
- 5Y*
- 51.61%
- 10Y*
- 31.47%
- ALL TIME*
- 1.09%
BWET
- 1D
- -3.40%
- 1M
- 52.08%
- 6M
- 619.27%
- YTD
- 1,246.34%
- 1Y
- 2,150.47%
- 3Y*
- 135.18%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 144.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $45.42M | $38.94M | $29.75M | |
| $395.14M | $432.41M | $512.14M |
TSEM vs. BWET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSEM Tower Semiconductor Ltd | 99.56% | 127.96% | 68.77% | -31.42% |
BWET Breakwave Tanker Shipping ETF | 1,246.34% | 96.22% | -39.21% | 14.13% |
Correlation
The correlation between TSEM and BWET is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.08 |
Correlation (All Time) Calculated using the full available price history since May 3, 2023 | 0.08 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TSEM vs. BWET — Risk / Return Rank
TSEM
BWET
TSEM vs. BWET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tower Semiconductor Ltd (TSEM) and Breakwave Tanker Shipping ETF (BWET). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TSEM | BWET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.62 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.91 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 10.51 | 52.86 | -42.34 |
| Martin ratioReturn relative to average drawdown | 37.53 | 198.46 | -160.93 |
Loading charts...
Drawdowns
TSEM vs. BWET - Drawdown Comparison
The maximum TSEM drawdown since its inception was -99.75%, which is greater than BWET's maximum drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for TSEM and BWET.
Loading charts...
Drawdown Indicators
| TSEM | BWET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.75% | -56.90% | -42.85% |
Max Drawdown (1Y)Largest decline over 1 year | -40.72% | -41.22% | +0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -45.83% | -56.81% | +10.98% |
Max Drawdown (5Y)Largest decline over 5 years | -55.39% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -62.28% | — | — |
Current DrawdownCurrent decline from peak | -60.83% | -3.40% | -57.43% |
Average DrawdownAverage peak-to-trough decline | -85.27% | -23.38% | -61.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.38% | 10.96% | +0.42% |
Volatility
TSEM vs. BWET - Volatility Comparison
The current volatility for Tower Semiconductor Ltd (TSEM) is 29.14%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 31.04%. This indicates that TSEM experiences smaller price fluctuations and is considered to be less risky than BWET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TSEM | BWET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.14% | 31.04% | -1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 65.85% | 95.74% | -29.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.10% | 108.15% | -31.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.96% | 74.45% | -24.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.91% | 74.45% | -29.54% |
Dividends
TSEM vs. BWET - Dividend Comparison
Neither TSEM nor BWET has paid dividends to shareholders.
Frequently Asked Questions
TSEM and BWET have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BWET has higher volatility (31.04%) compared to TSEM (29.14%). In terms of maximum drawdown, TSEM dropped -99.75% vs BWET's -56.90%.
BWET currently has the higher Sharpe Ratio (20.19 vs 5.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for TSEM and BWET
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer