XRPM vs. BWET

Last updated Jun 25, 2026

XRPM (Amplify XRP 3% Monthly Option Income ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - XRPM is a Derivative Income fund actively managed by Amplify, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. XRPM is actively managed, while BWET is passively managed. At a 0.07 correlation, their price movements are largely independent. XRPM charges 0.75%/yr vs 3.50%/yr for BWET.

Performance

XRPM vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify XRP 3% Monthly Option Income ETF (XRPM) 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, XRPM achieves a -42.52% return, which is significantly lower than BWET's 769.73% return.

XRPM

• 1D: -3.65%
• 1M: -19.48%
• YTD: -42.52%
• 6M: -43.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BWET

• 1D: -18.59%
• 1M: -3.58%
• YTD: 769.73%
• 6M: 723.00%
• 1Y: 1,296.25%
• 3Y*: 109.03%
• 5Y*: —
• 10Y*: —

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

XRPM vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025
XRPM Amplify XRP 3% Monthly Option Income ETF	-42.52%	-12.80%
BWET Breakwave Tanker Shipping ETF	769.73%	-11.02%

Correlation

The correlation between XRPM 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 Nov 18, 2025	0.07

Return for Risk

XRPM vs. BWET — Risk / Return Rank

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

XRPM

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

BWET

BWET Risk / Return Rank: 98
BWET Sharpe Ratio Rank: 100
BWET Sortino Ratio Rank: 97
BWET Omega Ratio Rank: 97
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.

XRPM vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify XRP 3% Monthly Option Income ETF (XRPM) 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.

	XRPM	BWET	Difference
Sharpe ratio: Return per unit of total volatility	—	13.17	—
Sortino ratio: Return per unit of downside risk	—	5.71	—
Omega ratio: Gain probability vs. loss probability	—	1.83	—
Calmar ratio: Return relative to maximum drawdown	—	42.79	—
Martin ratio: Return relative to average drawdown	—	136.82	—

Drawdowns

XRPM vs. BWET - Drawdown Comparison

The maximum XRPM drawdown since its inception was -51.05%, smaller than the maximum BWET drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for XRPM and BWET.

Drawdown Indicators

	XRPM	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-51.05%	-56.90%	+5.85%
Max Drawdown (1Y) Largest decline over 1 year	—	-30.64%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-56.81%	—
Current Drawdown Current decline from peak	-51.05%	-23.05%	-28.00%
Average Drawdown Average peak-to-trough decline	-28.60%	-23.76%	-4.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.87%	—

Volatility

Volatility by Period

	XRPM	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	32.83%	—
Volatility (6M) Calculated over the trailing 6-month period	—	91.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	65.91%	100.33%	-34.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.91%	71.24%	-5.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.91%	71.24%	-5.33%

XRPM vs. BWET - Expense Ratio Comparison

XRPM has a 0.75% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

XRPM vs. BWET - Dividend Comparison

XRPM's dividend yield for the trailing twelve months is around 28.60%, while BWET has not paid dividends to shareholders.

Position	TTM	2025
BWET Breakwave Tanker Shipping ETF	0.00%	0.00%
XRPM Amplify XRP 3% Monthly Option Income ETF	28.60%	3.12%

Frequently Asked Questions

Can I hold both XRPM and BWET in my portfolio?

XRPM 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, XRPM or BWET?

On fees, XRPM is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XRPM or BWET?

XRPM is cheaper with a 0.75% expense ratio, compared with 3.50% for BWET.

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

XRPM has the higher dividend yield at 28.60%, compared with 0.00% for BWET.

What is the main difference between XRPM and BWET?

XRPM is categorized as Derivative Income, while BWET is Commodities. Their fees differ too: 0.75% for XRPM and 3.50% for BWET.