USNG vs. BWET

Last updated Jun 4, 2026

USNG (Amplify Samsung U.S. Natural Gas Infrastructure ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - USNG is a Energy Equities fund actively managed by Amplify, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. USNG is actively managed, while BWET is passively managed. Over the past year, USNG returned 40.50% vs 1800.91% for BWET. At a 0.02 correlation, their price movements are largely independent. USNG charges 0.59%/yr vs 3.50%/yr for BWET.

Performance

USNG vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Samsung U.S. Natural Gas Infrastructure ETF (USNG) 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, USNG achieves a 31.42% return, which is significantly lower than BWET's 875.88% return.

USNG

• 1D: -0.19%
• 1M: -1.95%
• YTD: 31.42%
• 6M: 28.41%
• 1Y: 40.50%
• 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)

USNG vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025
USNG Amplify Samsung U.S. Natural Gas Infrastructure ETF	31.42%	10.81%
BWET Breakwave Tanker Shipping ETF	875.88%	65.01%

Correlation

The correlation between USNG and BWET is 0.04, 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 (1Y) Calculated over the trailing 1-year period	0.04
Correlation (All Time) Calculated using the full available price history since May 21, 2025	0.02

USNG vs. BWET - Sectors Allocation Comparison

Sectors	USNG	BWET
Energy	78.0%	-
Industrials	13.8%	-
Utilities	5.0%	-
Financial Services	1.8%	8.6%
Basic Materials	1.4%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	-

Return for Risk

USNG vs. BWET — Risk / Return Rank

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

USNG

USNG Risk / Return Rank: 80
USNG Sharpe Ratio Rank: 77
USNG Sortino Ratio Rank: 76
USNG Omega Ratio Rank: 70
USNG Calmar Ratio Rank: 91
USNG Martin Ratio Rank: 89

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.

USNG vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Samsung U.S. Natural Gas Infrastructure ETF (USNG) 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.

	USNG	BWET	Difference
Sharpe ratio: Return per unit of total volatility	2.47	18.57	-16.10
Sortino ratio: Return per unit of downside risk	3.39	6.55	-3.17
Omega ratio: Gain probability vs. loss probability	1.41	1.96	-0.55
Calmar ratio: Return relative to maximum drawdown	5.97	59.51	-53.54
Martin ratio: Return relative to average drawdown	19.70	158.07	-138.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USNG vs. BWET - Sharpe Ratio Comparison

The current USNG Sharpe Ratio is 2.47, which is lower than the BWET Sharpe Ratio of 18.57. The chart below compares the historical Sharpe Ratios of USNG and BWET, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	USNG	BWET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	18.57	-16.10
Sharpe Ratio (All Time) Calculated using the full available price history	2.66	1.90	+0.76

Drawdowns

USNG vs. BWET - Drawdown Comparison

The maximum USNG drawdown since its inception was -6.82%, smaller than the maximum BWET drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for USNG and BWET.

Drawdown Indicators

	USNG	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-6.82%	-56.90%	+50.08%
Max Drawdown (1Y) Largest decline over 1 year	-6.82%	-30.64%	+23.82%
Max Drawdown (3Y) Largest decline over 3 years	—	-56.90%	—
Current Drawdown Current decline from peak	-4.10%	-11.29%	+7.19%
Average Drawdown Average peak-to-trough decline	-1.40%	-24.09%	+22.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	11.51%	-9.44%

Volatility

USNG vs. BWET - Volatility Comparison

The current volatility for Amplify Samsung U.S. Natural Gas Infrastructure ETF (USNG) is 6.40%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 33.96%. This indicates that USNG 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.

Volatility by Period

	USNG	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.40%	33.96%	-27.56%
Volatility (6M) Calculated over the trailing 6-month period	12.56%	88.49%	-75.93%
Volatility (1Y) Calculated over the trailing 1-year period	16.52%	98.35%	-81.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.55%	70.45%	-53.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.55%	70.45%	-53.90%

USNG vs. BWET - Expense Ratio Comparison

USNG has a 0.59% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

USNG vs. BWET - Dividend Comparison

USNG's dividend yield for the trailing twelve months is around 1.13%, while BWET has not paid dividends to shareholders.

Position	TTM	2025
BWET Breakwave Tanker Shipping ETF	0.00%	0.00%
USNG Amplify Samsung U.S. Natural Gas Infrastructure ETF	1.13%	1.10%

Frequently Asked Questions

Can I hold both USNG and BWET in my portfolio?

USNG and BWET have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USNG or BWET?

BWET has higher volatility (33.96%) compared to USNG (6.40%). In terms of maximum drawdown, USNG dropped -6.82% vs BWET's -56.90%.

Which ETF is better, USNG or BWET?

On 1-year performance, BWET leads with 1800.91% vs 40.50% for USNG. On fees, USNG is cheaper at 0.59% per year. On volatility, USNG has been the lower-risk option at 6.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USNG or BWET?

Over the 1-year period, BWET has performed better with a 1800.91% return vs 40.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USNG or BWET?

USNG is cheaper with a 0.59% expense ratio, compared with 3.50% for BWET.

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

USNG has the higher dividend yield at 1.13%, compared with 0.00% for BWET.

What is the main difference between USNG and BWET?

USNG is categorized as Energy Equities, while BWET is Commodities. Their fees differ too: 0.59% for USNG and 3.50% for BWET.

Which has better risk-adjusted returns?

BWET currently has the higher Sharpe Ratio (18.57 vs 2.47), 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.