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BDRY vs USG

Breakwave Dry Bulk Shipping ETF

BDRYFNYSE Arca

USCF Gold Strategy Plus Income Fund

USGBNYSE Arca

Overlap

Expense ratio

USG −3.05pt a year

BDRY3.50%USG0.45%

Avg volume · 30D

BDRY 15.3×the volume

BDRY64.6KUSG4.23K

3Y return · a year

BDRY +15.1pt

BDRY+34.5%USG+19.4%

BDRY vs USG Performance

Oct 31, 2025 – Oct 30, 2026

+50.5%BDRY−6.4%USG

Oct 31, 2025 to Oct 30, 2026. BDRY +50.5%. USG −6.4%. Use the arrow keys to read each point.20%80%100%Oct 2025Apr 2026Oct 2026
Expense ratio
BDRY 3.50%
USG 0.45%, better
Fund size
BDRY $25M
USG $9M
1Y total return
BDRY +50.5%, better
USG −6.4%
Yield (12M)
BDRY No data
USG 32.00%
Holdings
BDRY 17
USG 3
Avg volume (30D)
BDRY 64.6K sh, better
USG 4.23K sh
NAV per share
BDRY $12.40
USG $29.84
52W range

ETF.net Grade

BDRY: Cost 1, Risk 30, Mission not scored, Tradability 28, Holdings 57, Durability 53. USG: Cost 99, Risk 32, Mission not scored, Tradability 27, Holdings not scored, Durability 39.
Pillar letters and Scores for BDRY, USG, with each pillar’s weight
PillarBDRYUSG
Cost30% weightF1A99Higher
Mission25% weightNot scoredNot scored
Risk15% weightD30D32Higher
Tradability15% weightD28HigherD27
Holdings10% weightB57Not scored
Durability5% weightC53HigherD39

Rank among Commodity Futures funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BDRY and USG are both graded against the same 13 Commodity Futures funds, so their Grades compare head to head.

Commodity Futures⁠

Category · 13 funds
See all 13 ›

USG ranks 5th and BDRY 13th of 13 funds in the Commodity Futures Category.

  1. Rank 4BCMDTPIMCO Commodity Strategy Active Exchange-Traded FundScore 64
  2. Rank 5BUSGUSCF Gold Strategy Plus Income FundScore 62
  3. Rank 6BDBBInvesco DB Base Metals FundScore 61
  4. Rank 12FCCOMSimplify Chinese Commodities Strategy No K-1 ETFScore 22
  5. Rank 13FBDRYBreakwave Dry Bulk Shipping ETFScore 17

Our read on each fund

ETF.net Research

BDRYFBreakwave Dry Bulk Shipping ETF

USGBUSCF Gold Strategy Plus Income Fund

In short

BDRY Shipping stocks are a proxy. BDRY buys the thing itself: near-dated futures on dry bulk freight rate indexes, so it moves with what it costs to haul iron ore, coal and grain across an ocean.

USG Gold with a paycheck attached. USG holds claims on real gold bars plus collateralized futures, sells call options against that gold, and distributes quarterly, at one of the lowest fees in the commodity-futures crowd.

Stated mandate

BDRY The Fund seeks exposure to daily changes in dry bulk freight futures through a portfolio of near-dated futures contracts on indexes measuring dry bulk shipping rates.

USG The Fund seeks long-term results that generally correspond to gold-price performance while generating dividend income from selling gold call options and collateral interest. It obtains gold exposure through gold warrants, collateralized futures, and related derivatives.

Why people hold it

  • BDRY Pure freight exposure. It holds near-dated futures on dry bulk shipping rate indexes, so cargo rates drive it, not the balance sheets of shipping companies.amplifyetfs.com
  • A corner of commodities that broad futures funds like PDBC and DBB leave out: freight is a service, priced off cargo demand and how many ships are free to carry it.
  • Running since 2018, so the structure has worked through several turns of the freight cycle rather than one short stretch.
  • USG At 0.45% a year it charges well under the 0.79% cohort median, and less than top-ranked commodity peers PDBC, SOYB and WEAT.
  • Gold that throws off cash: the fund writes call options against its gold exposure and earns collateral interest, then pays shareholders quarterly.uscfinvestments.com
  • Exposure comes via COMEX gold warrants (ownership claims on bars in licensed depositories) and fully collateralized futures, actively run through a Cayman subsidiary capped at 25% of assets.alpsinc.com
  • USCF states the fund delivers its gold-plus-income strategy without a K-1, sparing the tax-form headache common to commodity products.uscfinvestments.comalpsinc.com

Worth knowing

  • BDRY Cost is the headline trade-off: a 3.5% expense ratio, multiples of what diversified commodity futures funds in its group charge.
  • Near-dated contracts get rolled forward, so results can drift from spot freight rates depending on the shape of the futures curve.amplifyetfs.com
  • A small fund with no regular distributions, so freight rate swings, which are among the choppiest in commodities, are the whole story.
  • USG Covered calls swap upside for income. Above the strike plus premium collected, further gold gains go to the option buyer, while the fund keeps the downside if gold slides.alpsinc.com
  • A small fund that trades thinly, so bid-ask spreads can run wider than on the household-name gold ETFs.
  • Payouts can include return of capital, meaning part of a distribution may be capital coming back rather than income the fund earned.

Full BDRY profile⁠

Full USG profile⁠

BDRY vs USG Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BDRY vs USG Cost

Overpaying BDRY vs USG

$39,014

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BDRY 3.50%

    $48,055

  • USG 0.45%

    $9,041

$10,000
30 years

Cost over time

  • BDRY 3.50%
  • USG 0.45%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K$50K051015202530BDRY $48,055USG $9,041

Year by year

YearBDRYUSGOverpaying
10$5,566$812$4,754
20$18,799$3,128$15,671
30$48,055$9,041$39,014

Expense ratio

  • 3.50%BDRY
  • 0.45%USG, cheaper
  • Middle half of Commodity Futures funds
  • Median 0.79%

USG cheapest of 13 funds

BDRY 13th cheapest of 13 funds

BDRY vs USG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BDRY No data
USG 32.00%
Payout (12M)
BDRY None
USG $9.52
Last payment
BDRY No data
USG $0.17
Ex-dividend
BDRY No data
USG Sep 21, 2026
Paid on
BDRY No data
USG Sep 23, 2026
Frequency
BDRY No data
USG Quarterly

Distribution history

Per share, 2022 to 2026, same scale for both

BDRYAll BDRY payments⁠

No distribution history available.

USGQuarterly · 18 paymentsAll USG payments⁠
One bar per payment. 18 payments from 2022 to 2026 YTD. Jun 27, 2022 $0.17; Sep 27, 2022 $0.44; Dec 27, 2022 $0.12; Mar 21, 2023 $0.18; Jun 20, 2023 $0.26; Sep 19, 2023 $0.84; Dec 19, 2023 $0.80; Mar 19, 2024 $0.17; Jun 20, 2024 $0.09; Sep 20, 2024 $1.59; Dec 23, 2024 $0.33; Mar 19, 2025 $0.16; Jun 20, 2025 $0.21; Sep 22, 2025 $0.21; Dec 22, 2025 $8.92; Mar 20, 2026 $0.19; Jun 18, 2026 $0.25; Sep 21, 2026 $0.17. Use the arrow keys to read each point.$0$1020232026YTD

BDRY vs USG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BDRY 70.6%USG 17.1%, better
Return per unit of riskSharpe ratio, 3 years
BDRY 0.64USG 0.87, better
Worst fallMax drawdown, 5 years
BDRY −85.2%USG −28.8%since Nov 2021
Market sensitivityBeta, 5 years
BDRY 2.59USG 0.28

Popular comparisons

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