BWET vs QQQ
Breakwave Tanker Shipping ETF vs Invesco QQQ Trust, Series 1
Which is better, BWET or QQQ?
Multi Alternative against Large Cap Growth.
QQQ has a lower expense ratio. BWET led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BWET | QQQ |
|---|---|---|
| Expense Ratio | 3.50% | 0.18%Best |
| AUM | $295M | $506.1B |
| Dividend Yield | 0.00% | 0.42% |
| Holdings | 18 | 321 |
| YTD Return | +5226.51%Best | +19.30% |
| 1Y Return | +6096.65%Best | +22.47% |
| 3Y Return (annualized) | +289.91%Best | +26.18% |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 105.7% | 17.0%Best |
| Max Drawdown | -56.9% | -22.8%Best |
| $10,000 over 3.4 years | $673,485Best | $23,148 |
| Fund Family | ETFMG | Invesco (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Growth |
| Inception | May 1, 2023 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: May 3, 2023 to Oct 14, 2026 (3.4 years).
BWET vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
BWET vs QQQ Performance
Breakwave Tanker Shipping ETF (BWET) is an ETF from ETFMG and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year BWET returned +6096.65% while QQQ returned +22.47%. Year to date, BWET is up 5226.51% versus a gain of 19.30% for QQQ.
Over three years, BWET compounded at +289.91% per year against +26.18% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BWET has been the more volatile fund, with annualized monthly volatility of 105.7% compared with 17.0% for QQQ. 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 -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.04. They move largely independently of each other.
Fees and Cost Over Time
BWET charges 3.50% per year while QQQ charges 0.18%. On a $10,000 position that is $350 vs $18 annually, a gap of $332 per year that compounds over a long holding period. On income, BWET currently yields 0.00% against 0.42% for QQQ.
You are not choosing between two funds in isolation.
Whichever of BWET and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BWET or QQQ?
BWET has an expense ratio of 3.50% while QQQ charges 0.18%. QQQ is the cheaper option, by $332 a year on a $10,000 investment.
Which performed better, BWET or QQQ?
Over the past year BWET returned +6096.65% vs +22.47% for QQQ, so BWET leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BWET or QQQ?
BWET has been the more volatile fund at 105.7% annualized versus 17.0% for QQQ. Worst drawdown: BWET -56.9% vs QQQ -22.8%.
Should I hold both BWET and QQQ?
BWET and QQQ have a monthly-return correlation of -0.04, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BWET or QQQ?
BWET yields 0.00% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than BWET?
QQQ has a lower expense ratio. BWET led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.