BWET vs QQQ
Breakwave Tanker Shipping ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. BWET delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | BWET | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 3.50% | 0.18% | |
| AUM | $74M | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 12 | 108 | |
| YTD Return | +2400.84% | +16.64% | |
| 1Y Return | +3657.80% | +27.27% | |
| 3Y Return (annualized) | +195.02% | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 101.8% | 30.6% | |
| Max Drawdown | -56.9% | -83.0% | |
| Fund Family | ETFMG | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | May 1, 2023 | Mar 10, 1999 |
BWET vs QQQ Performance
Breakwave Tanker Shipping ETF (BWET) is a ETF from ETFMG and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year BWET returned +3657.80% while QQQ returned +27.27%. Year to date, BWET is up 2400.84% versus a gain of 16.64% for QQQ.
Over three years, BWET compounded at +195.02% per year against +25.96% for QQQ. Across the full 3-year window we track, BWET has the edge at +189.98% annualized vs +13.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BWET has been the more volatile fund, with annualized monthly volatility of 101.8% compared with 30.6% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.9% for BWET and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.05. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BWET charges 3.50% per year while QQQ charges 0.18%. On a $10,000 position that is $350 vs $18 annually, a gap of $332 per year that compounds over a long holding period. On income, BWET currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
BWET and QQQ share 0 holdings out of 103 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BWET or QQQ?
BWET has an expense ratio of 3.50% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $332 per year of difference.
Which performed better, BWET or QQQ?
Over the past year BWET returned +3657.80% vs +27.27% for QQQ, so BWET leads on 1-year performance. Over the longest common window we track (3 years), BWET annualized +189.98% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, BWET or QQQ?
BWET has been the more volatile fund at 101.8% annualized versus 30.6% for QQQ. Worst drawdown: BWET -56.9% vs QQQ -83.0%.
Should I hold both BWET and QQQ?
BWET and QQQ have a monthly-return correlation of -0.05, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BWET and QQQ?
BWET and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, BWET or QQQ?
BWET yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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