BWET vs SCHD
Breakwave Tanker Shipping ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. BWET delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | BWET | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 3.50% | 0.06% | |
| AUM | $33M | $103.7B | |
| Dividend Yield | 0.00% | 3.31% | |
| Holdings | 12 | 104 | |
| YTD Return | +1875.43% | +26.21% | |
| 1Y Return | +3140.87% | +29.99% | |
| 3Y Return (annualized) | +167.08% | +15.73% | |
| 5Y Return (annualized) | - | +9.67% | |
| Volatility (annualized) | 96.6% | 13.6% | |
| Max Drawdown | -56.9% | -33.4% | |
| Fund Family | ETFMG | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | May 1, 2023 | Oct 20, 2011 |
BWET vs SCHD Performance
Breakwave Tanker Shipping ETF (BWET) is a ETF from ETFMG and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year BWET returned +3140.87% while SCHD returned +29.99%. Year to date, BWET is up 1875.43% versus a gain of 26.21% for SCHD.
Over three years, BWET compounded at +167.08% per year against +15.73% for SCHD. Across the full 3-year window we track, BWET has the edge at +171.79% annualized vs +11.50%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BWET has been the more volatile fund, with annualized monthly volatility of 96.6% compared with 13.6% for SCHD. 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 -33.4% for SCHD. 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 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BWET charges 3.50% per year while SCHD charges 0.06%. On a $10,000 position that is $350 vs $6 annually, a gap of $344 per year that compounds over a long holding period. On income, BWET currently yields 0.00% against 3.31% for SCHD.
Holdings Overlap
BWET and SCHD share 0 holdings out of 101 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 SCHD?
BWET has an expense ratio of 3.50% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $344 per year of difference.
Which performed better, BWET or SCHD?
Over the past year BWET returned +3140.87% vs +29.99% for SCHD, so BWET leads on 1-year performance. Over the longest common window we track (3 years), BWET annualized +171.79% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, BWET or SCHD?
BWET has been the more volatile fund at 96.6% annualized versus 13.6% for SCHD. Worst drawdown: BWET -56.9% vs SCHD -33.4%.
Should I hold both BWET and SCHD?
BWET and SCHD have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BWET and SCHD?
BWET and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, BWET or SCHD?
BWET yields 0.00% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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