XDAT vs. BWET

Last updated Jul 15, 2026

XDAT (Franklin Exponential Data ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - XDAT is a Technology Equities fund actively managed by Franklin Templeton, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. XDAT is actively managed, while BWET is passively managed. Over the past 3 years, XDAT returned 9.78%/yr vs 135.59%/yr for BWET. At a correlation of -0.05, they often move in opposite directions. XDAT charges 0.50%/yr vs 3.50%/yr for BWET.

Performance

XDAT vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Exponential Data ETF (XDAT) 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, XDAT achieves a -0.59% return, which is significantly lower than BWET's 1,235.87% return.

XDAT

• 1D: 2.00%
• 1M: 5.77%
• 6M: 0.15%
• YTD: -0.59%
• 1Y: -3.13%
• 3Y*: 9.78%
• 5Y*: -0.62%
• 10Y*: —

BWET

• 1D: 21.99%
• 1M: 28.74%
• 6M: 776.83%
• YTD: 1,235.87%
• 1Y: 2,163.41%
• 3Y*: 135.59%
• 5Y*: —
• 10Y*: —

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

XDAT vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XDAT Franklin Exponential Data ETF	-0.59%	1.87%	16.54%	38.64%
BWET Breakwave Tanker Shipping ETF	1,235.87%	96.22%	-39.21%	14.13%

Correlation

The correlation between XDAT 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 3, 2023	-0.05

Return for Risk

XDAT vs. BWET — Risk / Return Rank

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

XDAT

XDAT Risk / Return Rank: 8
XDAT Sharpe Ratio Rank: 8
XDAT Sortino Ratio Rank: 8
XDAT Omega Ratio Rank: 8
XDAT Calmar Ratio Rank: 8
XDAT Martin Ratio Rank: 8

BWET

BWET Risk / Return Rank: 99
BWET Sharpe Ratio Rank: 100
BWET Sortino Ratio Rank: 98
BWET Omega Ratio Rank: 98
BWET Calmar Ratio Rank: 99
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.

XDAT vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Exponential Data ETF (XDAT) 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.

	XDAT	BWET	Difference
Sharpe ratio: Return per unit of total volatility	-0.13	20.52	-20.64
Sortino ratio: Return per unit of downside risk	-0.01	6.46	-6.47
Omega ratio: Gain probability vs. loss probability	1.00	1.94	-0.94
Calmar ratio: Return relative to maximum drawdown	-0.11	53.18	-53.28
Martin ratio: Return relative to average drawdown	-0.22	200.68	-200.90

XDAT vs. BWET - Sharpe Ratio Comparison

The current XDAT Sharpe Ratio is -0.13, which is lower than the BWET Sharpe Ratio of 20.52. The chart below compares the historical Sharpe Ratios of XDAT 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.

Drawdowns

XDAT vs. BWET - Drawdown Comparison

The maximum XDAT drawdown since its inception was -54.87%, roughly equal to the maximum BWET drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for XDAT and BWET.

Drawdown Indicators

	XDAT	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-54.87%	-56.90%	+2.03%
Max Drawdown (1Y) Largest decline over 1 year	-29.56%	-41.22%	+11.66%
Max Drawdown (3Y) Largest decline over 3 years	-29.56%	-56.81%	+27.25%
Max Drawdown (5Y) Largest decline over 5 years	-54.87%	—	—
Current Drawdown Current decline from peak	-16.83%	0.00%	-16.83%
Average Drawdown Average peak-to-trough decline	-25.78%	-23.68%	-2.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.51%	10.90%	+3.61%

Volatility

XDAT vs. BWET - Volatility Comparison

The current volatility for Franklin Exponential Data ETF (XDAT) is 7.31%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 47.07%. This indicates that XDAT 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

	XDAT	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.31%	47.07%	-39.76%
Volatility (6M) Calculated over the trailing 6-month period	20.64%	96.84%	-76.20%
Volatility (1Y) Calculated over the trailing 1-year period	24.63%	106.83%	-82.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.64%	74.47%	-44.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.39%	74.47%	-45.08%

XDAT vs. BWET - Expense Ratio Comparison

XDAT has a 0.50% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

XDAT vs. BWET - Dividend Comparison

Neither XDAT nor BWET has paid dividends to shareholders.

Position	TTM	2025	2024
BWET Breakwave Tanker Shipping ETF	0.00%	0.00%	0.00%
XDAT Franklin Exponential Data ETF	0.00%	0.00%	0.13%

Frequently Asked Questions

Can I hold both XDAT and BWET in my portfolio?

XDAT 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, XDAT or BWET?

BWET has higher volatility (47.07%) compared to XDAT (7.31%). In terms of maximum drawdown, XDAT dropped -54.87% vs BWET's -56.90%.

Which ETF is better, XDAT or BWET?

On 3-year performance, BWET leads with 135.59% vs 9.78% for XDAT. On fees, XDAT is cheaper at 0.50% per year. On volatility, XDAT has been the lower-risk option at 7.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XDAT or BWET?

Over the 3-year period, BWET has performed better with a 135.59% return vs 9.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XDAT or BWET?

XDAT is cheaper with a 0.50% expense ratio, compared with 3.50% for BWET.

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

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

What is the main difference between XDAT and BWET?

XDAT is categorized as Technology Equities, while BWET is Commodities. They also come from different issuers: Franklin Templeton and Amplify. Their fees differ too: 0.50% for XDAT and 3.50% for BWET.

Which has better risk-adjusted returns?

BWET currently has the higher Sharpe Ratio (20.52 vs -0.13), 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.