BWET vs VOO
Breakwave Tanker Shipping ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. BWET delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | BWET | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 3.50% | 0.03% | |
| AUM | $74M | $997.4B | |
| Dividend Yield | 0.00% | 1.08% | |
| Holdings | 12 | 509 | |
| YTD Return | +2302.39% | +12.25% | |
| 1Y Return | +3631.06% | +20.92% | |
| 3Y Return (annualized) | +190.25% | +21.79% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 100.5% | 14.1% | |
| Max Drawdown | -56.9% | -34.3% | |
| Fund Family | ETFMG | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | May 1, 2023 | Sep 7, 2010 |
BWET vs VOO Performance
Breakwave Tanker Shipping ETF (BWET) is a ETF from ETFMG and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year BWET returned +3631.06% while VOO returned +20.92%. Year to date, BWET is up 2302.39% versus a gain of 12.25% for VOO.
Over three years, BWET compounded at +190.25% per year against +21.79% for VOO. Across the full 3-year window we track, BWET has the edge at +186.73% annualized vs +13.45%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BWET has been the more volatile fund, with annualized monthly volatility of 100.5% compared with 14.1% for VOO. 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 -34.3% for VOO. 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 0.02. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BWET charges 3.50% per year while VOO charges 0.03%. On a $10,000 position that is $350 vs $3 annually, a gap of $347 per year that compounds over a long holding period. On income, BWET currently yields 0.00% against 1.08% for VOO.
Holdings Overlap
BWET and VOO share 0 holdings out of 506 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 VOO?
BWET has an expense ratio of 3.50% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $347 per year of difference.
Which performed better, BWET or VOO?
Over the past year BWET returned +3631.06% vs +20.92% for VOO, so BWET leads on 1-year performance. Over the longest common window we track (3 years), BWET annualized +186.73% vs +13.45% for VOO. Past performance does not guarantee future results.
Which is riskier, BWET or VOO?
BWET has been the more volatile fund at 100.5% annualized versus 14.1% for VOO. Worst drawdown: BWET -56.9% vs VOO -34.3%.
Should I hold both BWET and VOO?
BWET and VOO have a monthly-return correlation of 0.02, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BWET and VOO?
BWET and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, BWET or VOO?
BWET yields 0.00% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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