BWET vs BRF

Comparison between Breakwave Tanker Shipping ETF (BWET, ETF) and VANECK BRAZIL SMALL-CAP ETF (BRF, ETF).

BWET vs BRF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BWET(ETF)	BRF(ETF)
Net Assets	$24M	$24M
Expense Ratio	3.50%	0.60%
Max Drawdown	56.90%	86.58%
Sharpe Ratio	3.51	0.70
5Y Beta	-0.19	0.79
5Y Dividends CAGR	N/A	4.96%

Net Assets

BWET

$24M

BRF

$24M

Expense Ratio

BWET

3.50%

Winner

BRF

0.60%

Max Drawdown

Winner

BWET

56.90%

BRF

86.58%

Sharpe Ratio

Winner

BWET

3.51

BRF

0.70

5Y Beta

Winner

BWET

-0.19

BRF

0.79

5Y Dividends CAGR

BWET

N/A

BRF

4.96%

BWET vs BRF - Holdings Comparison

BWET and BRF have 0 common holdings. Overlap is 0.00%

BWET's top 25 holdings weight is 38.40%. BRF's top 25 holdings weight is 57.35%.

Rank	BWET	BRF
#1	INVESCO SHRT-TRM INV GOV&AGCY INSTL (AGPXX) - 38.40%	n/a (n/a) - 3.98%
#2	N/A	BRAVA ENERGIA SA ORDINARY SHARES (n/a) - 3.20%
#3	N/A	CYRELA BRAZIL REALTY SA EMPREEND E PART (n/a) - 2.97%
#4	N/A	n/a (n/a) - 2.95%
#5	N/A	n/a (n/a) - 2.73%
#6	N/A	n/a (n/a) - 2.72%
#7	N/A	MARCOPOLO SA PARTICIPATING PREFERRED (n/a) - 2.54%
#8	N/A	SIGMA LITHIUM CORP (n/a) - 2.54%
#9	N/A	FLEURY SA (n/a) - 2.53%
#10	N/A	ITURAN LOCATION AND CONTROL LTD (ITRN) - 2.38%
#11	N/A	COGNAEDUCACAO SA (n/a) - 2.25%
#12	N/A	n/a (n/a) - 2.21%
#13	N/A	AUREN ENERGIA SA (n/a) - 2.17%
#14	N/A	DIRECIONAL ENGENHARIA SA (n/a) - 2.15%
#15	N/A	ARCOS DORADOS HOLDINGS INC CLASS A (ARCO) - 2.12%
#16	N/A	SYLVAMO CORP ORDINARY SHARES WHEN ISSUED (SLVM) - 2.11%
#17	N/A	BRADESPAR SA PARTICIPATING PREFERRED (n/a) - 2.03%
#18	N/A	KAROON ENERGY LTD (n/a) - 1.90%
#19	N/A	JHSF PARTICIPACOES SA (n/a) - 1.86%
#20	N/A	n/a (n/a) - 1.78%
#21	N/A	BRADSAUDE SA (n/a) - 1.73%
#22	N/A	n/a (n/a) - 1.64%
#23	N/A	n/a (n/a) - 1.64%
#24	N/A	SLC AGRICOLA SA (n/a) - 1.63%
#25	N/A	n/a (n/a) - 1.59%
Total Holdings	1	92

BWET vs BRF - Historical Returns

Returns include dividend reinvestment.

Period	BWET	BRF
1 month	+10.29%	-1.19%
3 months	+165.35%	-1.70%
6 months	+655.18%	+4.70%
1 year	+1666.84%	+18.78%
5 years(CAGR)	N/A	-3.12%
10 years(CAGR)	N/A	+6.80%
Max(CAGR)	+134.52%	+1.90%

Winner

BWET

+10.29%

BRF

-1.19%

Winner

BWET

+165.35%

BRF

-1.70%

Winner

BWET

+655.18%

BRF

+4.70%

Winner

BWET

+1666.84%

BRF

+18.78%

5Y(CAGR)

BWET

N/A

BRF

-3.12%

10Y(CAGR)

BWET

N/A

BRF

+6.80%

Max(CAGR)

Winner

BWET

+134.52%

BRF

+1.90%

BWET vs BRF - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	BWET	BRF
2026	+961.23%	+7.17%
2025	+94.89%	+54.42%
2024	-37.86%	-32.46%
2023	+15.94%	+47.39%
2022	N/A	-10.42%
2021	N/A	-18.53%
2020	N/A	-22.59%
2019	N/A	+34.50%
2018	N/A	-14.38%
2017	N/A	+50.03%
2016	N/A	+66.64%
2015	N/A	-47.24%
2014	N/A	-23.08%
2013	N/A	-29.92%
2012	N/A	+14.92%
2011	N/A	-31.07%
2010	N/A	+21.42%
2009	N/A	+104.01%

BWET vs BRF Drawdown Comparison

The maximum drawdown for BWET was -56.90%, occurring on Jan 6, 2025. Recovery took 606 trading sessions.

The maximum drawdown for BRF was -82.22%, occurring on Jan 21, 2016. This drawdown has not yet recovered.

The current BWET drawdown is -6.21%. The current BRF drawdown is -47.65%.

Rank	BWET	BRF
#1	-56.90% Jun 15, 2023 - Nov 13, 2025	-82.22% Apr 21, 2011 - Jan 21, 2016
#2	-30.64% Apr 9, 2026 - May 1, 2026	-24.81% Jan 11, 2010 - Aug 17, 2010
#3	-29.21% May 5, 2026 - May 27, 2026	-15.50% Nov 4, 2010 - Apr 21, 2011
#4	-28.84% Dec 15, 2025 - Jan 9, 2026	-12.47% Oct 15, 2009 - Nov 9, 2009
#5	-21.50% Mar 2, 2026 - Mar 16, 2026	-10.76% Jun 11, 2009 - Jul 15, 2009
#6	-19.47% Mar 30, 2026 - Apr 2, 2026	-7.19% Dec 2, 2009 - Dec 31, 2009
#7	-12.62% May 16, 2023 - Jun 9, 2023	-6.69% Aug 21, 2009 - Sep 8, 2009
#8	-10.03% Jan 14, 2026 - Jan 29, 2026	-6.65% Oct 13, 2010 - Nov 3, 2010
#9	-9.66% May 3, 2023 - May 10, 2023	-6.10% Aug 5, 2009 - Aug 20, 2009
#10	-8.94% Nov 25, 2025 - Dec 11, 2025	-4.89% Jun 2, 2009 - Jun 11, 2009
#11	-8.47% Feb 6, 2026 - Feb 17, 2026	-3.40% Nov 9, 2009 - Nov 16, 2009
#12	-7.83% Mar 24, 2026 - Mar 26, 2026	-3.18% Sep 16, 2009 - Sep 30, 2009
#13	-5.43% Nov 13, 2025 - Nov 20, 2025	-3.11% Nov 17, 2009 - Nov 25, 2009
#14	-5.20% Jan 30, 2026 - Feb 6, 2026	-3.08% May 19, 2009 - May 26, 2009
#15	-4.44% Jan 9, 2026 - Jan 13, 2026	-2.44% Sep 30, 2009 - Oct 5, 2009