BWET vs IVSS
Comparison between Breakwave Tanker Shipping ETF (BWET, ETF) and APPLIED FINANCE IVS US SMID ETF (IVSS, ETF).
BWET vs IVSS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
BWET vs IVSS - Holdings Comparison
BWET and IVSS have 0 common holdings. Overlap is 0.00%
BWET's top 25 holdings weight is 38.40%. IVSS's top 25 holdings weight is 31.89%.
| Rank | BWET | IVSS |
|---|---|---|
| #1 | INVESCO SHRT-TRM INV GOV&AGCY INSTL (AGPXX) - 38.40% | STERLING INFRASTRUCTURE INC (STRL) - 3.18% |
| #2 | N/A | NEXTPOWER INC CLASS A (NXT) - 2.21% |
| #3 | N/A | PJT PARTNERS INC CLASS A (PJT) - 1.56% |
| #4 | N/A | HEALTHEQUITY INC (HQY) - 1.56% |
| #5 | N/A | SEZZLE INC (SEZL) - 1.53% |
| #6 | N/A | BRIGHTSPRING HEALTH SERVICES INC (BTSG) - 1.48% |
| #7 | N/A | INTERDIGITAL INC (IDCC) - 1.46% |
| #8 | N/A | DAVE INC ORDINARY SHARES CLASS A (DAVE) - 1.42% |
| #9 | N/A | MERCURY GENERAL CORP (MCY) - 1.28% |
| #10 | N/A | OTTER TAIL CORP (OTTR) - 1.24% |
| #11 | N/A | SOUTHWEST GAS HOLDINGS INC (SWX) - 1.17% |
| #12 | N/A | LANTHEUS HOLDINGS INC (LNTH) - 1.15% |
| #13 | N/A | COEUR MINING INC (CDE) - 1.12% |
| #14 | N/A | ENSIGN GROUP INC (ENSG) - 1.12% |
| #15 | N/A | TANGER INC (SKT) - 1.09% |
| #16 | N/A | ACI WORLDWIDE INC (ACIW) - 1.09% |
| #17 | N/A | CHART INDUSTRIES INC (GTLS) - 1.01% |
| #18 | N/A | DIEBOLD NIXDORF INC ORDINARY SHARES- NEW (DBD) - 0.95% |
| #19 | N/A | n/a (AMRX) - 0.92% |
| #20 | N/A | GARRETT MOTION INC ORDINARY SHARES NEW (GTX) - 0.92% |
| #21 | N/A | MAXIMUS INC (MMS) - 0.91% |
| #22 | N/A | CATALYST PHARMACEUTICALS INC (CPRX) - 0.91% |
| #23 | N/A | KINETIK HOLDINGS INC (KNTK) - 0.89% |
| #24 | N/A | PACS GROUP INC (PACS) - 0.86% |
| #25 | N/A | FRONTDOOR INC (FTDR) - 0.86% |
| Total Holdings | 1 | 362 |
BWET vs IVSS - Historical Returns
Returns include dividend reinvestment.
BWET vs IVSS - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | BWET | IVSS |
|---|---|---|
| 2026 | +967.27% | +15.28% |
| 2025 | +94.89% | -0.02% |
| 2024 | -37.86% | N/A |
| 2023 | +15.94% | N/A |
BWET vs IVSS Drawdown Comparison
The maximum drawdown for BWET was -56.90%, occurring on Jan 6, 2025. Recovery took 606 trading sessions.
The maximum drawdown for IVSS was -8.31%, occurring on Mar 20, 2026. Recovery took 39 trading sessions.
The current BWET drawdown is -5.67%.
| Rank | BWET | IVSS |
|---|---|---|
| #1 | -56.90% Jun 15, 2023 - Nov 13, 2025 | -8.31% Feb 20, 2026 - Apr 17, 2026 |
| #2 | -30.64% Apr 9, 2026 - May 1, 2026 | -3.50% May 8, 2026 - Jun 1, 2026 |
| #3 | -29.21% May 5, 2026 - May 27, 2026 | -2.84% Dec 11, 2025 - Jan 8, 2026 |
| #4 | -28.84% Dec 15, 2025 - Jan 9, 2026 | -2.05% Jan 22, 2026 - Feb 6, 2026 |
| #5 | -21.50% Mar 2, 2026 - Mar 16, 2026 | -1.99% Feb 6, 2026 - Feb 18, 2026 |
| #6 | -19.47% Mar 30, 2026 - Apr 2, 2026 | -1.87% Jan 15, 2026 - Jan 21, 2026 |
| #7 | -12.62% May 16, 2023 - Jun 9, 2023 | -1.55% Jun 4, 2026 - Jun 11, 2026 |
| #8 | -10.03% Jan 14, 2026 - Jan 29, 2026 | -1.46% Apr 27, 2026 - May 5, 2026 |
| #9 | -9.66% May 3, 2023 - May 10, 2023 | -0.96% Jun 2, 2026 - Jun 4, 2026 |
| #10 | -8.94% Nov 25, 2025 - Dec 11, 2025 | -0.82% Apr 20, 2026 - Apr 27, 2026 |
| #11 | -8.47% Feb 6, 2026 - Feb 17, 2026 | -0.64% Dec 4, 2025 - Dec 10, 2025 |
| #12 | -7.83% Mar 24, 2026 - Mar 26, 2026 | -0.27% Feb 18, 2026 - Feb 20, 2026 |
| #13 | -5.43% Nov 13, 2025 - Nov 20, 2025 | -0.02% Jan 12, 2026 - Jan 14, 2026 |
| #14 | -5.20% Jan 30, 2026 - Feb 6, 2026 | N/A |
| #15 | -4.44% Jan 9, 2026 - Jan 13, 2026 | N/A |
Correlation
Correlation between BWET and IVSS is 0.87 which considered as a strong positive correlation - the stocks tend to move together.
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