LBAY vs BWET
Comparison between LEATHERBACK LONG/SHORT ALTERNATIVE YIELD ETF (LBAY, ETF) and Breakwave Tanker Shipping ETF (BWET, ETF).
LBAY vs BWET - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
LBAY vs BWET - Holdings Comparison
LBAY and BWET have 0 common holdings. Overlap is 0.00%
LBAY's top 25 holdings weight is 112.18%. BWET's top 25 holdings weight is 7.05%.
| Rank | LBAY | BWET |
|---|---|---|
| #1 | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 15.49% | INVESCO SHRT-TRM INV GOV&AGCY INSTL (AGPXX) - 7.05% |
| #2 | ALTRIA GROUP INC (MO) - 5.12% | N/A |
| #3 | VISA INC CLASS A (V) - 5.09% | N/A |
| #4 | ESSENTIAL UTILITIES INC (WTRG) - 4.87% | N/A |
| #5 | HECLA MINING CO (HL) - 4.67% | N/A |
| #6 | n/a (AGNCP) - 4.61% | N/A |
| #7 | n/a (EPR-PRC) - 4.50% | N/A |
| #8 | VAIL RESORTS INC (MTN) - 4.49% | N/A |
| #9 | OLD REPUBLIC INTERNATIONAL CORP (ORI) - 4.39% | N/A |
| #10 | KEURIG DR PEPPER INC (KDP) - 4.35% | N/A |
| #11 | ALAMOS GOLD INC CLASS A (n/a) - 4.23% | N/A |
| #12 | BARRICK MINING CORP (n/a) - 4.09% | N/A |
| #13 | LAMB WESTON HOLDINGS INC (LW) - 4.06% | N/A |
| #14 | AVISTA CORP (AVA) - 4.03% | N/A |
| #15 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 3.91% | N/A |
| #16 | EXXON MOBIL CORP (XOM) - 3.87% | N/A |
| #17 | UNION PACIFIC CORP (UNP) - 3.77% | N/A |
| #18 | PHILLIPS 66 (PSX) - 3.64% | N/A |
| #19 | BECTON DICKINSON & CO (BDX) - 3.62% | N/A |
| #20 | NEWMONT CORP (NEM) - 3.44% | N/A |
| #21 | RAYONIER INC (RYN) - 3.41% | N/A |
| #22 | AMRIZE LTD REGISTERED SHARE (AMRZ) - 3.16% | N/A |
| #23 | THE HOME DEPOT INC (HD) - 3.14% | N/A |
| #24 | SLM CORP (SLM) - 3.13% | N/A |
| #25 | VIATRIS INC (VTRS) - 3.10% | N/A |
| Total Holdings | 61 | 1 |
LBAY vs BWET - Historical Returns
Returns include dividend reinvestment.
LBAY vs BWET - Annual Returns (2020 - 2026)
Returns include dividend reinvestment.
| Year | LBAY | BWET |
|---|---|---|
| 2026 | +8.85% | +1197.43% |
| 2025 | +4.66% | +94.89% |
| 2024 | -4.35% | -37.86% |
| 2023 | -8.50% | +15.94% |
| 2022 | +22.44% | N/A |
| 2021 | +22.29% | N/A |
| 2020 | +4.58% | N/A |
LBAY vs BWET Drawdown Comparison
The maximum drawdown for LBAY was -15.99%, occurring on Oct 27, 2023. Recovery took 771 trading sessions.
The maximum drawdown for BWET was -56.90%, occurring on Jan 6, 2025. Recovery took 606 trading sessions.
The current LBAY drawdown is -8.87%. The current BWET drawdown is -5.57%.
| Rank | LBAY | BWET |
|---|---|---|
| #1 | -15.99% Jan 6, 2023 - Feb 4, 2026 | -56.90% Jun 15, 2023 - Nov 13, 2025 |
| #2 | -13.61% Feb 27, 2026 - Jun 22, 2026 | -41.22% Jun 22, 2026 - Jul 14, 2026 |
| #3 | -12.94% Jun 7, 2022 - Nov 22, 2022 | -30.64% Apr 9, 2026 - May 1, 2026 |
| #4 | -10.45% May 17, 2021 - Jan 4, 2022 | -29.21% May 5, 2026 - Jun 18, 2026 |
| #5 | -5.77% Apr 20, 2022 - May 24, 2022 | -28.84% Dec 15, 2025 - Jan 9, 2026 |
| #6 | -5.34% Jan 14, 2021 - Feb 22, 2021 | -21.50% Mar 2, 2026 - Mar 16, 2026 |
| #7 | -4.14% Mar 15, 2021 - Mar 26, 2021 | -19.47% Mar 30, 2026 - Apr 2, 2026 |
| #8 | -2.91% Feb 24, 2021 - Mar 5, 2021 | -12.62% May 16, 2023 - Jun 9, 2023 |
| #9 | -2.80% Feb 23, 2026 - Feb 27, 2026 | -12.48% Jul 14, 2026 - Jul 20, 2026 |
| #10 | -2.70% Nov 24, 2020 - Dec 3, 2020 | -10.03% Jan 14, 2026 - Jan 29, 2026 |
| #11 | -2.48% May 10, 2021 - May 14, 2021 | -9.66% May 3, 2023 - May 10, 2023 |
| #12 | -2.25% Dec 2, 2022 - Dec 27, 2022 | -8.94% Nov 25, 2025 - Dec 11, 2025 |
| #13 | -2.13% Dec 9, 2020 - Dec 31, 2020 | -8.47% Feb 6, 2026 - Feb 17, 2026 |
| #14 | -2.01% Jan 18, 2022 - Feb 9, 2022 | -7.83% Mar 24, 2026 - Mar 26, 2026 |
| #15 | -1.86% Mar 4, 2022 - Mar 21, 2022 | -5.43% Nov 13, 2025 - Nov 20, 2025 |
Correlation
Correlation between LBAY and BWET is 0.49 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
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