WCBR vs. BWET

Last updated Jun 4, 2026

WCBR (WisdomTree Cybersecurity Fund) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - WCBR is a Technology Equities fund tracking the WisdomTree Team8 Cybersecurity Index, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. Both are passively managed. Over the past 3 years, WCBR returned 22.02%/yr vs 129.64%/yr for BWET. At a correlation of -0.07, they often move in opposite directions. WCBR charges 0.45%/yr vs 3.50%/yr for BWET.

Performance

WCBR vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Cybersecurity Fund (WCBR) 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, WCBR achieves a 26.82% return, which is significantly lower than BWET's 875.88% return.

WCBR

• 1D: -3.87%
• 1M: 30.04%
• YTD: 26.82%
• 6M: 19.91%
• 1Y: 12.83%
• 3Y*: 22.02%
• 5Y*: 9.81%
• 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)

WCBR vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
WCBR WisdomTree Cybersecurity Fund	26.82%	-1.44%	11.42%	55.54%
BWET Breakwave Tanker Shipping ETF	875.88%	96.22%	-39.21%	15.94%

Correlation

The correlation between WCBR and BWET is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	-0.06
Correlation (All Time) Calculated using the full available price history since May 4, 2023	-0.07

WCBR vs. BWET - Sectors Allocation Comparison

Sectors	WCBR	BWET
Technology	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	8.6%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

WCBR vs. BWET — Risk / Return Rank

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

WCBR

WCBR Risk / Return Rank: 14
WCBR Sharpe Ratio Rank: 14
WCBR Sortino Ratio Rank: 15
WCBR Omega Ratio Rank: 16
WCBR Calmar Ratio Rank: 14
WCBR Martin Ratio Rank: 13

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.

WCBR vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cybersecurity Fund (WCBR) 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.

	WCBR	BWET	Difference
Sharpe ratio: Return per unit of total volatility	0.40	18.57	-18.17
Sortino ratio: Return per unit of downside risk	0.75	6.55	-5.81
Omega ratio: Gain probability vs. loss probability	1.10	1.96	-0.87
Calmar ratio: Return relative to maximum drawdown	0.43	59.51	-59.08
Martin ratio: Return relative to average drawdown	0.99	158.07	-157.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WCBR vs. BWET - Sharpe Ratio Comparison

The current WCBR Sharpe Ratio is 0.40, which is lower than the BWET Sharpe Ratio of 18.57. The chart below compares the historical Sharpe Ratios of WCBR 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

	WCBR	BWET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.40	18.57	-18.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	1.90	-1.69

Drawdowns

WCBR vs. BWET - Drawdown Comparison

The maximum WCBR drawdown since its inception was -52.25%, smaller than the maximum BWET drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for WCBR and BWET.

Drawdown Indicators

	WCBR	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-52.25%	-56.90%	+4.65%
Max Drawdown (1Y) Largest decline over 1 year	-29.92%	-30.64%	+0.72%
Max Drawdown (3Y) Largest decline over 3 years	-30.27%	-56.90%	+26.63%
Max Drawdown (5Y) Largest decline over 5 years	-52.25%	—	—
Current Drawdown Current decline from peak	-4.56%	-11.29%	+6.73%
Average Drawdown Average peak-to-trough decline	-20.36%	-24.09%	+3.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.03%	11.51%	+1.52%

Volatility

WCBR vs. BWET - Volatility Comparison

The current volatility for WisdomTree Cybersecurity Fund (WCBR) is 13.55%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 33.96%. This indicates that WCBR 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

	WCBR	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.55%	33.96%	-20.41%
Volatility (6M) Calculated over the trailing 6-month period	27.26%	88.49%	-61.23%
Volatility (1Y) Calculated over the trailing 1-year period	32.16%	98.35%	-66.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.60%	70.45%	-36.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.59%	70.45%	-36.86%

WCBR vs. BWET - Expense Ratio Comparison

WCBR has a 0.45% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

WCBR vs. BWET - Dividend Comparison

Neither WCBR nor BWET has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
BWET Breakwave Tanker Shipping ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WCBR WisdomTree Cybersecurity Fund	0.00%	0.00%	0.02%	0.00%	0.03%	0.43%

Frequently Asked Questions

Can I hold both WCBR and BWET in my portfolio?

WCBR and BWET have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WCBR or BWET?

BWET has higher volatility (33.96%) compared to WCBR (13.55%). In terms of maximum drawdown, WCBR dropped -52.25% vs BWET's -56.90%.

Which ETF is better, WCBR or BWET?

On 3-year performance, BWET leads with 129.64% vs 22.02% for WCBR. On fees, WCBR is cheaper at 0.45% per year. On volatility, WCBR has been the lower-risk option at 13.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WCBR or BWET?

Over the 3-year period, BWET has performed better with a 129.64% return vs 22.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WCBR or BWET?

WCBR is cheaper with a 0.45% expense ratio, compared with 3.50% for BWET.

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

WCBR and BWET have nearly identical dividend yields, around 0.00%.

What is the main difference between WCBR and BWET?

WCBR is categorized as Technology Equities, while BWET is Commodities. WCBR tracks WisdomTree Team8 Cybersecurity Index, while BWET tracks Breakwave Wet Freight Futures Index. They also come from different issuers: WisdomTree and Amplify. Their fees differ too: 0.45% for WCBR and 3.50% for BWET.

Which has better risk-adjusted returns?

BWET currently has the higher Sharpe Ratio (18.57 vs 0.40), 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.