YYY vs. BWET

Last updated Jun 24, 2026

YYY (Amplify CEF High Income ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - YYY is a Diversified Portfolio fund tracking the Nasdaq CEF High Income™ Index, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. Both are passively managed. Over the past 3 years, YYY returned 12.32%/yr vs 123.86%/yr for BWET. At a correlation of -0.01, they often move in opposite directions. YYY charges 3.23%/yr vs 3.50%/yr for BWET.

Performance

YYY vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify CEF High Income ETF (YYY) 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, YYY achieves a 4.69% return, which is significantly lower than BWET's 968.33% return.

YYY

• 1D: -0.16%
• 1M: -0.13%
• YTD: 4.69%
• 6M: 4.24%
• 1Y: 11.80%
• 3Y*: 12.32%
• 5Y*: 3.00%
• 10Y*: 5.72%

BWET

• 1D: -5.48%
• 1M: 18.43%
• YTD: 968.33%
• 6M: 944.72%
• 1Y: 1,424.52%
• 3Y*: 123.86%
• 5Y*: —
• 10Y*: —

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

YYY vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
YYY Amplify CEF High Income ETF	4.69%	13.08%	11.86%	9.76%
BWET Breakwave Tanker Shipping ETF	968.33%	96.22%	-39.21%	14.13%

Correlation

The correlation between YYY 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 (1Y) Calculated over the trailing 1-year period	-0.07
Correlation (3Y) Calculated over the trailing 3-year period	-0.00
Correlation (All Time) Calculated using the full available price history since May 3, 2023	-0.01

Return for Risk

YYY vs. BWET — Risk / Return Rank

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

YYY

YYY Risk / Return Rank: 39
YYY Sharpe Ratio Rank: 40
YYY Sortino Ratio Rank: 40
YYY Omega Ratio Rank: 42
YYY Calmar Ratio Rank: 31
YYY Martin Ratio Rank: 41

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.

YYY vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CEF High Income ETF (YYY) 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.

	YYY	BWET	Difference
Sharpe ratio: Return per unit of total volatility	1.36	14.65	-13.29
Sortino ratio: Return per unit of downside risk	1.96	6.07	-4.12
Omega ratio: Gain probability vs. loss probability	1.26	1.87	-0.61
Calmar ratio: Return relative to maximum drawdown	1.47	47.03	-45.57
Martin ratio: Return relative to average drawdown	6.33	147.28	-140.95

YYY vs. BWET - Sharpe Ratio Comparison

The current YYY Sharpe Ratio is 1.36, which is lower than the BWET Sharpe Ratio of 14.65. The chart below compares the historical Sharpe Ratios of YYY 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

YYY vs. BWET - Drawdown Comparison

The maximum YYY drawdown since its inception was -42.52%, smaller than the maximum BWET drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for YYY and BWET.

Drawdown Indicators

	YYY	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-42.52%	-56.90%	+14.38%
Max Drawdown (1Y) Largest decline over 1 year	-8.07%	-30.64%	+22.57%
Max Drawdown (3Y) Largest decline over 3 years	-13.47%	-56.81%	+43.34%
Max Drawdown (5Y) Largest decline over 5 years	-27.92%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.52%	—	—
Current Drawdown Current decline from peak	-1.08%	-5.48%	+4.40%
Average Drawdown Average peak-to-trough decline	-6.82%	-23.76%	+16.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	11.60%	-9.73%

Volatility

YYY vs. BWET - Volatility Comparison

The current volatility for Amplify CEF High Income ETF (YYY) is 2.53%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 26.27%. This indicates that YYY 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

	YYY	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.53%	26.27%	-23.74%
Volatility (6M) Calculated over the trailing 6-month period	7.22%	89.01%	-81.79%
Volatility (1Y) Calculated over the trailing 1-year period	8.70%	98.57%	-89.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.37%	70.47%	-59.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.89%	70.47%	-56.58%

YYY vs. BWET - Expense Ratio Comparison

YYY has a 3.23% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

YYY vs. BWET - Dividend Comparison

YYY's dividend yield for the trailing twelve months is around 12.59%, while BWET has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BWET Breakwave Tanker Shipping ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
YYY Amplify CEF High Income ETF	12.59%	12.51%	12.50%	12.39%	12.36%	9.08%	9.79%	9.10%	9.73%	8.16%	10.34%	10.77%

Frequently Asked Questions

Can I hold both YYY and BWET in my portfolio?

YYY 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 is riskier, YYY or BWET?

BWET has higher volatility (26.27%) compared to YYY (2.53%). In terms of maximum drawdown, YYY dropped -42.52% vs BWET's -56.90%.

Which ETF is better, YYY or BWET?

On 3-year performance, BWET leads with 123.86% vs 12.32% for YYY. On fees, YYY is cheaper at 3.23% per year. On volatility, YYY has been the lower-risk option at 2.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YYY or BWET?

Over the 3-year period, BWET has performed better with a 123.86% return vs 12.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YYY or BWET?

YYY is cheaper with a 3.23% expense ratio, compared with 3.50% for BWET.

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

YYY has the higher dividend yield at 12.59%, compared with 0.00% for BWET.

What is the main difference between YYY and BWET?

YYY is categorized as Diversified Portfolio, while BWET is Commodities. YYY tracks Nasdaq CEF High Income™ Index, while BWET tracks Breakwave Wet Freight Futures Index. Their fees differ too: 3.23% for YYY and 3.50% for BWET.

Which has better risk-adjusted returns?

BWET currently has the higher Sharpe Ratio (14.65 vs 1.36), 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.