XUDV vs. BWET

Last updated Jun 4, 2026

XUDV (Franklin U.S. Dividend Booster Index ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - XUDV is a Dividend fund tracking the VettaFi New Frontier U.S. Dividend Select Index, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. Both are passively managed. Over the past year, XUDV returned 29.58% vs 1800.91% for BWET. At a correlation of -0.08, they often move in opposite directions. XUDV charges 0.09%/yr vs 3.50%/yr for BWET.

Performance

XUDV vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin U.S. Dividend Booster Index ETF (XUDV) 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, XUDV achieves a 19.02% return, which is significantly lower than BWET's 875.88% return.

XUDV

• 1D: -1.47%
• 1M: 4.20%
• YTD: 19.02%
• 6M: 19.23%
• 1Y: 29.58%
• 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)

XUDV vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025
XUDV Franklin U.S. Dividend Booster Index ETF	19.02%	8.24%
BWET Breakwave Tanker Shipping ETF	875.88%	81.23%

Correlation

The correlation between XUDV and BWET is -0.10, 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 (All Time) Calculated using the full available price history since Jan 24, 2025	-0.08

XUDV vs. BWET - Sectors Allocation Comparison

Sectors	XUDV	BWET
Financial Services	25.3%	8.6%
Technology	15.1%	-
Consumer Defensive	13.3%	-
Industrials	9.2%	-
Healthcare	8.7%	-
Energy	7.6%	-
Consumer Cyclical	7.1%	-
Communication Services	6.2%	-
Utilities	4.3%	-
Basic Materials	3.3%	-
Real Estate	-	-

Return for Risk

XUDV vs. BWET — Risk / Return Rank

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

XUDV

XUDV Risk / Return Rank: 77
XUDV Sharpe Ratio Rank: 75
XUDV Sortino Ratio Rank: 77
XUDV Omega Ratio Rank: 68
XUDV Calmar Ratio Rank: 85
XUDV Martin Ratio Rank: 81

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.

XUDV vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin U.S. Dividend Booster Index ETF (XUDV) 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.

	XUDV	BWET	Difference
Sharpe ratio: Return per unit of total volatility	2.43	18.57	-16.14
Sortino ratio: Return per unit of downside risk	3.42	6.55	-3.13
Omega ratio: Gain probability vs. loss probability	1.40	1.96	-0.56
Calmar ratio: Return relative to maximum drawdown	4.69	59.51	-54.82
Martin ratio: Return relative to average drawdown	15.94	158.07	-142.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XUDV vs. BWET - Sharpe Ratio Comparison

The current XUDV Sharpe Ratio is 2.43, which is lower than the BWET Sharpe Ratio of 18.57. The chart below compares the historical Sharpe Ratios of XUDV 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

	XUDV	BWET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	18.57	-16.14
Sharpe Ratio (All Time) Calculated using the full available price history	1.26	1.90	-0.64

Drawdowns

XUDV vs. BWET - Drawdown Comparison

The maximum XUDV drawdown since its inception was -15.98%, smaller than the maximum BWET drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for XUDV and BWET.

Drawdown Indicators

	XUDV	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-15.98%	-56.90%	+40.92%
Max Drawdown (1Y) Largest decline over 1 year	-6.34%	-30.64%	+24.30%
Max Drawdown (3Y) Largest decline over 3 years	—	-56.90%	—
Current Drawdown Current decline from peak	-1.85%	-11.29%	+9.44%
Average Drawdown Average peak-to-trough decline	-2.10%	-24.09%	+21.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	11.51%	-9.65%

Volatility

XUDV vs. BWET - Volatility Comparison

The current volatility for Franklin U.S. Dividend Booster Index ETF (XUDV) is 3.69%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 33.96%. This indicates that XUDV 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

	XUDV	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.69%	33.96%	-30.27%
Volatility (6M) Calculated over the trailing 6-month period	8.25%	88.49%	-80.24%
Volatility (1Y) Calculated over the trailing 1-year period	12.27%	98.35%	-86.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.34%	70.45%	-54.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.34%	70.45%	-54.11%

XUDV vs. BWET - Expense Ratio Comparison

XUDV has a 0.09% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

XUDV vs. BWET - Dividend Comparison

XUDV's dividend yield for the trailing twelve months is around 3.48%, while BWET has not paid dividends to shareholders.

Position	TTM	2025
BWET Breakwave Tanker Shipping ETF	0.00%	0.00%
XUDV Franklin U.S. Dividend Booster Index ETF	3.48%	3.80%

Frequently Asked Questions

Can I hold both XUDV and BWET in my portfolio?

XUDV and BWET have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XUDV or BWET?

BWET has higher volatility (33.96%) compared to XUDV (3.69%). In terms of maximum drawdown, XUDV dropped -15.98% vs BWET's -56.90%.

Which ETF is better, XUDV or BWET?

On 1-year performance, BWET leads with 1800.91% vs 29.58% for XUDV. On fees, XUDV is cheaper at 0.09% per year. On volatility, XUDV has been the lower-risk option at 3.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XUDV or BWET?

Over the 1-year period, BWET has performed better with a 1800.91% return vs 29.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XUDV or BWET?

XUDV is cheaper with a 0.09% expense ratio, compared with 3.50% for BWET.

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

XUDV has the higher dividend yield at 3.48%, compared with 0.00% for BWET.

What is the main difference between XUDV and BWET?

XUDV is categorized as Dividend, while BWET is Commodities. XUDV tracks VettaFi New Frontier U.S. Dividend Select Index, while BWET tracks Breakwave Wet Freight Futures Index. They also come from different issuers: Franklin and Amplify. Their fees differ too: 0.09% for XUDV and 3.50% for BWET.

Which has better risk-adjusted returns?

BWET currently has the higher Sharpe Ratio (18.57 vs 2.43), 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.