ZIG vs. BDRY

Last updated Jul 12, 2026

ZIG (Acquirers Fund) and BDRY (Breakwave Dry Bulk Shipping ETF) are both exchange-traded funds - ZIG is a Large Cap Blend Equities fund tracking the Acquirer's Index, while BDRY is a Commodities fund tracking the Breakwave Dry Freight Futures Index. Both are passively managed. Over the past 5 years, ZIG returned 8.76%/yr vs -13.61%/yr for BDRY. At a 0.04 correlation, their price movements are largely independent. ZIG charges 1.85%/yr vs 3.76%/yr for BDRY.

Performance

ZIG vs. BDRY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Acquirers Fund (ZIG) and Breakwave Dry Bulk Shipping ETF (BDRY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZIG achieves a 7.12% return, which is significantly lower than BDRY's 46.98% return.

ZIG

• 1D: 1.00%
• 1M: -2.74%
• 6M: 1.95%
• YTD: 7.12%
• 1Y: 5.69%
• 3Y*: 10.20%
• 5Y*: 8.76%
• 10Y*: —

BDRY

• 1D: -0.46%
• 1M: 4.63%
• 6M: 45.65%
• YTD: 46.98%
• 1Y: 81.81%
• 3Y*: 35.16%
• 5Y*: -13.61%
• 10Y*: —

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

ZIG vs. BDRY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ZIG Acquirers Fund	7.12%	-2.67%	11.34%	36.70%	-17.34%	37.38%	-15.76%	10.14%
BDRY Breakwave Dry Bulk Shipping ETF	46.98%	44.24%	-47.40%	25.79%	-68.84%	282.99%	-50.16%	26.80%

Correlation

The correlation between ZIG and BDRY is -0.06, 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	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	-0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.00
Correlation (All Time) Calculated using the full available price history since May 15, 2019	0.04

Return for Risk

ZIG vs. BDRY — Risk / Return Rank

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

ZIG

ZIG Risk / Return Rank: 14
ZIG Sharpe Ratio Rank: 14
ZIG Sortino Ratio Rank: 14
ZIG Omega Ratio Rank: 13
ZIG Calmar Ratio Rank: 14
ZIG Martin Ratio Rank: 16

BDRY

BDRY Risk / Return Rank: 80
BDRY Sharpe Ratio Rank: 87
BDRY Sortino Ratio Rank: 76
BDRY Omega Ratio Rank: 71
BDRY Calmar Ratio Rank: 90
BDRY Martin Ratio Rank: 78

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.

ZIG vs. BDRY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Acquirers Fund (ZIG) and Breakwave Dry Bulk Shipping ETF (BDRY). 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.

	ZIG	BDRY	Difference
Sharpe ratio: Return per unit of total volatility	0.26	2.24	-1.98
Sortino ratio: Return per unit of downside risk	0.54	2.71	-2.17
Omega ratio: Gain probability vs. loss probability	1.06	1.33	-0.27
Calmar ratio: Return relative to maximum drawdown	0.37	4.35	-3.98
Martin ratio: Return relative to average drawdown	1.09	11.85	-10.76

ZIG vs. BDRY - Sharpe Ratio Comparison

The current ZIG Sharpe Ratio is 0.26, which is lower than the BDRY Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of ZIG and BDRY, 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

ZIG vs. BDRY - Drawdown Comparison

The maximum ZIG drawdown since its inception was -37.14%, smaller than the maximum BDRY drawdown of -89.16%. Use the drawdown chart below to compare losses from any high point for ZIG and BDRY.

Drawdown Indicators

	ZIG	BDRY	Difference
Max Drawdown Largest peak-to-trough decline	-37.14%	-89.16%	+52.02%
Max Drawdown (1Y) Largest decline over 1 year	-12.38%	-21.60%	+9.22%
Max Drawdown (3Y) Largest decline over 3 years	-29.75%	-69.71%	+39.96%
Max Drawdown (5Y) Largest decline over 5 years	-29.75%	-89.16%	+59.41%
Current Drawdown Current decline from peak	-6.98%	-68.95%	+61.97%
Average Drawdown Average peak-to-trough decline	-9.69%	-58.50%	+48.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.22%	7.92%	-3.70%

Volatility

ZIG vs. BDRY - Volatility Comparison

The current volatility for Acquirers Fund (ZIG) is 3.60%, while Breakwave Dry Bulk Shipping ETF (BDRY) has a volatility of 9.58%. This indicates that ZIG experiences smaller price fluctuations and is considered to be less risky than BDRY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZIG	BDRY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	9.58%	-5.98%
Volatility (6M) Calculated over the trailing 6-month period	9.83%	29.58%	-19.75%
Volatility (1Y) Calculated over the trailing 1-year period	17.45%	42.42%	-24.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.47%	60.03%	-39.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.03%	62.28%	-40.25%

ZIG vs. BDRY - Expense Ratio Comparison

ZIG has a 1.85% expense ratio, which is lower than BDRY's 3.76% expense ratio.

Dividends

ZIG vs. BDRY - Dividend Comparison

ZIG's dividend yield for the trailing twelve months is around 1.78%, while BDRY has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
BDRY Breakwave Dry Bulk Shipping ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ZIG Acquirers Fund	1.78%	1.91%	1.96%	1.07%	1.26%	0.18%	0.18%

Frequently Asked Questions

Can I hold both ZIG and BDRY in my portfolio?

ZIG and BDRY have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ZIG or BDRY?

BDRY has higher volatility (9.58%) compared to ZIG (3.60%). In terms of maximum drawdown, ZIG dropped -37.14% vs BDRY's -89.16%.

Which ETF is better, ZIG or BDRY?

On 5-year performance, ZIG leads with 8.76% vs -13.61% for BDRY. On fees, ZIG is cheaper at 1.85% per year. On volatility, ZIG has been the lower-risk option at 3.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ZIG or BDRY?

Over the 5-year period, ZIG has performed better with a 8.76% return vs -13.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ZIG or BDRY?

ZIG is cheaper with a 1.85% expense ratio, compared with 3.76% for BDRY.

Which ETF pays a higher dividend yield, ZIG or BDRY?

ZIG has the higher dividend yield at 1.78%, compared with 0.00% for BDRY.

What is the main difference between ZIG and BDRY?

ZIG is categorized as Large Cap Blend Equities, while BDRY is Commodities. ZIG tracks Acquirer's Index, while BDRY tracks Breakwave Dry Freight Futures Index. They also come from different issuers: Acquirers Funds and ETFMG. Their fees differ too: 1.85% for ZIG and 3.76% for BDRY.

Which has better risk-adjusted returns?

BDRY currently has the higher Sharpe Ratio (2.24 vs 0.26), 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.