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ETFs

Breakwave Dry Bulk Shipping ETF

BDRY
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Mar 22, 2018
Expense Ratio
2.85%
Type
Global Diversified
Fund Owner
ETF Managers Group
Volume (1m avg. daily)
$1,169,962
AUM
$69,064,594
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

—
Cash & Other
100%
—
Derivatives offset
-128.37%
Invest with BDRY
Trade BDRY Options

What is BDRY?

The Breakwave Dry Bulk Shipping ETF (BDRY) is an exchange-traded product designed to re ect the daily price movements of the near-dated dry bulk freight futures. BDRY offers investors unlevered exposure to dry bulk freight without the need for a futures account. BDRY provides transparency to investors by listing all its holdings daily. BDRY is designed to reduce the effects of rolling contracts by using a laddered strategy to buy contracts while letting existing positions expire and settle in cash. BDRY is a commodity pool that issues shares which may be purchased and sold on NYSE Arca.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

BDRY
Performance Measures**

for the time period Mar 22, 2018 to Dec 4, 2025

Returns

1M Trailing Return: 13.3%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 15.0%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -89.2%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 63.6%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.11

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: -0.14

The annualized return divided by the max drawdown for the selected time period.

ETFs related toBDRY

ETFs correlated to BDRY include PPLT, JPLD, DBB

BDRY
ETF Managers Group Commodity Trust I - Breakwave Dry Bulk Shipping ETF
PPLT
abrdn ETF - abrdn Physical Platinum Shares ETF
JPLD
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Limited Duration Bond ETF
DBB
Invesco DB Multi-Sector Commodity Trust - Invesco DB Base Metals Fund
EFAV
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Min Vol Factor ETF
FPEI
First Trust Exchange-Traded Fund III - First Trust Institutional Preferred Securities and Income ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toBDRY

Frontrunner.BDRY > Battleship WM74

Category

Tactical rotation, risk-on/risk-off, trend + mean-reversion, volatility hedging, leveraged & inverse ETFs, commodities, global equities

OOS Cumulative Return

122.7%

Axiom Growth - (AD:145.9%, DD:20.3%) Blackswan & 20% VIX Frontrunner & BDRY Short Indicator & Short Hedge

Category

Tactical allocation, Growth-heavy, Tech-focused, Volatility hedge, Leveraged ETFs, Trend/momentum, Mean reversion, Long/short

OOS Cumulative Return

90.57%

Create your own algorithmic trading strategy with BDRY using Composer

FAQ

BDRY is a Global Diversified ETF. The Breakwave Dry Bulk Shipping ETF (BDRY) is an exchange-traded product designed to re ect the daily price movements of the near-dated dry bulk freight futures. BDRY offers investors unlevered exposure to dry bulk freight without the need for a futures account. BDRY provides transparency to investors by listing all its holdings daily. BDRY is designed to reduce the effects of rolling contracts by using a laddered strategy to buy contracts while letting existing positions expire and settle in cash. BDRY is a commodity pool that issues shares which may be purchased and sold on NYSE Arca.

Yes, BDRY is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, BDRY is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BDRY is 0.1047%. This is the percent change in the value of BDRY over the most recent 1-month period. The 3-month return on BDRY is -0.0557%. This is the percent change in the value of BDRY over the most recent 3-month period.

The standard deviation of BDRY for the past year is 0.6068%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BDRY include PFF, PGF, and PGX.

ETFs correlated to BDRY include PPLT, JPLD, and DBB.

ETFs that are inversely correlated to BDRY include TSLR, MSOS, and EFZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.