YOLO vs. BWET

Last updated Jun 3, 2026

YOLO (AdvisorShares Pure Cannabis ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - YOLO is a Cannabis fund actively managed by AdvisorShares, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. YOLO is actively managed, while BWET is passively managed. Over the past 3 years, YOLO returned 7.40%/yr vs 126.47%/yr for BWET. At a correlation of -0.04, they often move in opposite directions. YOLO charges 0.75%/yr vs 3.50%/yr for BWET.

Performance

YOLO vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Pure Cannabis ETF (YOLO) 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, YOLO achieves a -6.36% return, which is significantly lower than BWET's 835.99% return.

YOLO

• 1D: -0.64%
• 1M: -2.94%
• YTD: -6.36%
• 6M: 6.55%
• 1Y: 60.94%
• 3Y*: 7.40%
• 5Y*: -30.84%
• 10Y*: —

BWET

• 1D: 8.73%
• 1M: 3.52%
• YTD: 835.99%
• 6M: 698.56%
• 1Y: 1,645.55%
• 3Y*: 126.47%
• 5Y*: —
• 10Y*: —

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

YOLO vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
YOLO AdvisorShares Pure Cannabis ETF	-6.36%	36.36%	-17.81%	11.96%
BWET Breakwave Tanker Shipping ETF	835.99%	96.22%	-39.21%	15.94%

Correlation

The correlation between YOLO 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	-0.02
Correlation (All Time) Calculated using the full available price history since May 4, 2023	-0.04

YOLO vs. BWET - Sectors Allocation Comparison

Sectors	YOLO	BWET
Financial Services	61.5%	8.6%
Healthcare	24.3%	-
Consumer Defensive	13.4%	-
Consumer Cyclical	0.9%	-
Real Estate	0.7%	-
Basic Materials	-	-
Communication Services	-	-
Energy	-	-
Industrials	-	-
Technology	-	-
Utilities	-	-

Return for Risk

YOLO vs. BWET — Risk / Return Rank

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

YOLO

YOLO Risk / Return Rank: 28
YOLO Sharpe Ratio Rank: 24
YOLO Sortino Ratio Rank: 34
YOLO Omega Ratio Rank: 32
YOLO Calmar Ratio Rank: 29
YOLO Martin Ratio Rank: 21

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.

YOLO vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Pure Cannabis ETF (YOLO) 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.

	YOLO	BWET	Difference
Sharpe ratio Return per unit of total volatility	0.82	16.94	-16.12
Sortino ratio Return per unit of downside risk	1.81	6.37	-4.56
Omega ratio Gain probability vs. loss probability	1.22	1.93	-0.71
Calmar ratio Return relative to maximum drawdown	1.42	51.48	-50.06
Martin ratio Return relative to average drawdown	2.69	137.13	-134.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YOLO vs. BWET - Sharpe Ratio Comparison

The current YOLO Sharpe Ratio is 0.82, which is lower than the BWET Sharpe Ratio of 16.94. The chart below compares the historical Sharpe Ratios of YOLO 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

	YOLO	BWET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.82	16.94	-16.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.46	1.86	-2.32

Drawdowns

YOLO vs. BWET - Drawdown Comparison

The maximum YOLO drawdown since its inception was -94.68%, which is greater than BWET's maximum drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for YOLO and BWET.

Drawdown Indicators

	YOLO	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-94.68%	-56.90%	-37.78%
Max Drawdown (1Y) Largest decline over 1 year	-41.09%	-30.64%	-10.45%
Max Drawdown (3Y) Largest decline over 3 years	-66.45%	-56.90%	-9.55%
Max Drawdown (5Y) Largest decline over 5 years	-92.47%	—	—
Current Drawdown Current decline from peak	-89.05%	-14.91%	-74.14%
Average Drawdown Average peak-to-trough decline	-68.93%	-24.10%	-44.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.75%	11.50%	+10.25%

Volatility

YOLO vs. BWET - Volatility Comparison

The current volatility for AdvisorShares Pure Cannabis ETF (YOLO) is 11.95%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 33.76%. This indicates that YOLO 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

	YOLO	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.95%	33.76%	-21.81%
Volatility (6M) Calculated over the trailing 6-month period	52.24%	88.46%	-36.22%
Volatility (1Y) Calculated over the trailing 1-year period	74.34%	98.44%	-24.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.58%	70.46%	-16.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.33%	70.46%	-19.13%

YOLO vs. BWET - Expense Ratio Comparison

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

Dividends

YOLO vs. BWET - Dividend Comparison

Neither YOLO nor BWET has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BWET Breakwave Tanker Shipping ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
YOLO AdvisorShares Pure Cannabis ETF	0.00%	0.00%	3.57%	1.17%	0.55%	3.93%	2.03%	4.52%

Frequently Asked Questions

Can I hold both YOLO and BWET in my portfolio?

YOLO 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, YOLO or BWET?

BWET has higher volatility (33.76%) compared to YOLO (11.95%). In terms of maximum drawdown, YOLO dropped -94.68% vs BWET's -56.90%.

Which ETF is better, YOLO or BWET?

On 3-year performance, BWET leads with 126.47% vs 7.40% for YOLO. On fees, YOLO is cheaper at 0.75% per year. On volatility, YOLO has been the lower-risk option at 11.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YOLO or BWET?

Over the 3-year period, BWET has performed better with a 126.47% return vs 7.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YOLO or BWET?

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

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

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

What is the main difference between YOLO and BWET?

YOLO is categorized as Cannabis, while BWET is Commodities. They also come from different issuers: AdvisorShares and Amplify. Their fees differ too: 0.75% for YOLO and 3.50% for BWET.

Which has better risk-adjusted returns?

BWET currently has the higher Sharpe Ratio (16.94 vs 0.82), 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.