YYYM vs. BWET

Last updated Jun 5, 2026

YYYM (Amplify Municipal CEF High Income ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - YYYM is a High Yield Muni fund tracking the Nasdaq Municipal Bond CEF High Income Index, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. Both are passively managed. At a correlation of -0.20, they often move in opposite directions. YYYM charges 2.78%/yr vs 3.50%/yr for BWET.

Performance

YYYM vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Municipal CEF High Income ETF (YYYM) and Breakwave Tanker Shipping ETF (BWET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

YYYM

• 1D: 0.39%
• 1M: 1.19%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BWET

• 1D: 11.71%
• 1M: -0.90%
• YTD: 990.13%
• 6M: 857.64%
• 1Y: 2,014.90%
• 3Y*: 145.24%
• 5Y*: —
• 10Y*: —

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

YYYM vs. BWET - Yearly Performance Comparison

	2026 (YTD)
YYYM Amplify Municipal CEF High Income ETF	0.49%
BWET Breakwave Tanker Shipping ETF	219.41%

Correlation

The correlation between YYYM and BWET is -0.20, 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 (All Time) Calculated using the full available price history since Mar 11, 2026	-0.20

Return for Risk

YYYM vs. BWET — Risk / Return Rank

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

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: 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.

YYYM vs. BWET - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	YYYM	BWET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	20.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	2.01	-1.81

Drawdowns

YYYM vs. BWET - Drawdown Comparison

The maximum YYYM drawdown since its inception was -5.24%, smaller than the maximum BWET drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for YYYM and BWET.

Drawdown Indicators

	YYYM	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-5.24%	-56.90%	+51.66%
Max Drawdown (1Y) Largest decline over 1 year	—	-30.64%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-56.90%	—
Current Drawdown Current decline from peak	-0.38%	-0.90%	+0.52%
Average Drawdown Average peak-to-trough decline	-1.27%	-24.06%	+22.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.51%	—

Volatility

Volatility by Period

	YYYM	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	28.88%	—
Volatility (6M) Calculated over the trailing 6-month period	—	88.79%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.71%	98.73%	-88.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.71%	70.70%	-59.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.71%	70.70%	-59.99%

YYYM vs. BWET - Expense Ratio Comparison

YYYM has a 2.78% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

YYYM vs. BWET - Dividend Comparison

YYYM's dividend yield for the trailing twelve months is around 1.21%, while BWET has not paid dividends to shareholders.

Position	TTM
BWET Breakwave Tanker Shipping ETF	0.00%
YYYM Amplify Municipal CEF High Income ETF	1.21%

Frequently Asked Questions

Can I hold both YYYM and BWET in my portfolio?

YYYM and BWET have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, YYYM or BWET?

On fees, YYYM is cheaper at 2.78% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, YYYM or BWET?

YYYM is cheaper with a 2.78% expense ratio, compared with 3.50% for BWET.

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

YYYM has the higher dividend yield at 1.21%, compared with 0.00% for BWET.

What is the main difference between YYYM and BWET?

YYYM is categorized as High Yield Muni, while BWET is Commodities. YYYM tracks Nasdaq Municipal Bond CEF High Income Index, while BWET tracks Breakwave Wet Freight Futures Index. Their fees differ too: 2.78% for YYYM and 3.50% for BWET.