TSII vs. BWET

Last updated Jun 4, 2026

TSII (REX TSLA Growth & Income ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - TSII is a Leveraged Equities fund actively managed by REX, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. TSII is actively managed, while BWET is passively managed. At a correlation of -0.07, they often move in opposite directions. TSII charges 0.99%/yr vs 3.50%/yr for BWET.

Performance

TSII vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX TSLA Growth & Income ETF (TSII) and Breakwave Tanker Shipping ETF (BWET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSII achieves a -6.73% return, which is significantly lower than BWET's 875.88% return.

TSII

• 1D: 0.32%
• 1M: 6.19%
• YTD: -6.73%
• 6M: -7.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BWET

• 1D: 4.26%
• 1M: 9.15%
• YTD: 875.88%
• 6M: 735.56%
• 1Y: 1,800.91%
• 3Y*: 129.64%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TSII vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025
TSII REX TSLA Growth & Income ETF	-6.73%	43.72%
BWET Breakwave Tanker Shipping ETF	875.88%	94.00%

Correlation

The correlation between TSII and BWET is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	-0.07

Return for Risk

TSII vs. BWET — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BWET

BWET Risk / Return Rank: 99
BWET Sharpe Ratio Rank: 100
BWET Sortino Ratio Rank: 97
BWET Omega Ratio Rank: 97
BWET Calmar Ratio Rank: 100
BWET Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TSII vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX TSLA Growth & Income ETF (TSII) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TSII	BWET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	18.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	1.90	-1.15

Drawdowns

TSII vs. BWET - Drawdown Comparison

The maximum TSII drawdown since its inception was -29.03%, smaller than the maximum BWET drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for TSII and BWET.

Drawdown Indicators

	TSII	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-29.03%	-56.90%	+27.87%
Max Drawdown (1Y) Largest decline over 1 year	—	-30.64%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-56.90%	—
Current Drawdown Current decline from peak	-14.76%	-11.29%	-3.47%
Average Drawdown Average peak-to-trough decline	-9.31%	-24.09%	+14.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.51%	—

Volatility

Volatility by Period

	TSII	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	33.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	88.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	46.04%	98.35%	-52.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.04%	70.45%	-24.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.04%	70.45%	-24.41%

TSII vs. BWET - Expense Ratio Comparison

TSII has a 0.99% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

TSII vs. BWET - Dividend Comparison

TSII's dividend yield for the trailing twelve months is around 70.30%, while BWET has not paid dividends to shareholders.

Position	TTM	2025
BWET Breakwave Tanker Shipping ETF	0.00%	0.00%
TSII REX TSLA Growth & Income ETF	70.30%	32.17%

Frequently Asked Questions

Can I hold both TSII and BWET in my portfolio?

TSII and BWET have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSII or BWET?

On fees, TSII is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSII or BWET?

TSII is cheaper with a 0.99% expense ratio, compared with 3.50% for BWET.

Which ETF pays a higher dividend yield, TSII or BWET?

TSII has the higher dividend yield at 70.30%, compared with 0.00% for BWET.

What is the main difference between TSII and BWET?

TSII is categorized as Leveraged Equities, while BWET is Commodities. They also come from different issuers: REX and Amplify. Their fees differ too: 0.99% for TSII and 3.50% for BWET.