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Breakwave Tanker Shipping ETF

BWET

Market cap $243M

1,012.75 USD

+52.75

5.49%

At close Updated Oct 8, 4:00 PM EDT

Pre-market

After hours

1,030.00

+17.25

1.7%

1 day

5.49%

5 days

22.91%

1 month

84.08%

3 months

386.48%

6 months

583.27%

Year to date

5,307.1%

1 year

6,987.12%

5 years

7,170.28%

10 years

7,170.28%

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 89.5%

Neutral 5.3%

Negative 5.3%

Zacks Investment Research

4 Best-Performing ETFs of September

Despite a weak September for broader markets, shipping, rate hedges, oil and semiconductors delivered strong ETF gains.

4 Best-Performing ETFs of September

BWET: Concentrated Hormuz Bet, Not A Tanker Portfolio

The Breakwave Tanker Shipping ETF is an extremely concentrated bet on specific forward freight agreements, not a direct tanker shipping investment. BWET's 3,440% YTD surge is driven by niche exposure to Middle East Gulf–China routes, rolling contracts, and prolonged Strait of Hormuz disruptions. BWET faces eventual catastrophic downside risk—an 80%+ collapse is plausible if TD3C rates normalize, even if global tanker markets remain strong.

BWET: Concentrated Hormuz Bet, Not A Tanker Portfolio

24/7 Wall Street

World's Best-Performing ETF Is Up 4,427% in 2026 Alone. Blame the Iran War.

Tanker shipping is having its 2020-oil-in-the-storage-tank moment, and one obscure freight-futures fund is the purest expression of it.

World's Best-Performing ETF Is Up 4,427% in 2026 Alone. Blame the Iran War.

Oil Tanker Rates Top $1 Million a Day—3 Ways Investors Can Trade the Surge

American consumers seeking relief at the pump might want to look away the next time they pass a fuel station. WTI crude futures recently topped $105 per barrel before settling around $100, and diesel prices are soaring to unprecedented heights.

Oil Tanker Rates Top $1 Million a Day—3 Ways Investors Can Trade the Surge

Dry Bulk Shipping Momentum Poised To Continue

The dry bulk segment was named my top pick for 2026, and CMB.TECH, J Mintzmyer's top pick in dry bulk, has delivered a 102.63% total return YTD. Dry bulk supply is tightening due to aging fleets, slow newbuild deliveries, and shipyard backlogs, supporting higher asset values and NAV.

Dry Bulk Shipping Momentum Poised To Continue

Zacks Investment Research

Want to Look Beyond AI? Watch These Freight ETFs Skyrocketing YTD

Freight ETFs are surging as Middle East disruptions send tanker rates soaring, with BWET up over 3,700% YTD and shipping earnings at record levels.

Want to Look Beyond AI? Watch These Freight ETFs Skyrocketing YTD

Up 3,600%, this freight fund has posted the biggest gains of all on Iran war oil shock

The Breakwave Tanker Shipping ETF (BWET) is up over 3,600% year to date, according to Morningstar, by far the best performance of any non-levered U.S. fund as the price of transporting oil has soared due to geopolitical shocks. Led by the U.S.-Iran war repercussions, there have been over 140,000 disrupted freight cargo vessels across the globe contributing to higher shipping rates.

Up 3,600%, this freight fund has posted the biggest gains of all on Iran war oil shock

This ETF is up 3,000% in 2026

While most investors and analysts were focused on the technology sector – with a particular eye for the wider artificial intelligence (AI) space – and energy, a different industry produced one of the best-performing exchange-traded funds (ETFs) on record.

This ETF is up 3,000% in 2026

Shipping Sector Outlook: One War, Three Markets

Crude tankers offer a window trade: war premiums are real, structural tightness persists, but the order book closes the window by 2028. Dry bulk fundamentals improve beyond headlines; Capesizes lead, supporting a strong buy on Seanergy and a buy on Star Bulk.

Shipping Sector Outlook: One War, Three Markets

Zacks Investment Research

Shipping ETF (BWET) Hits New 52-Week High

BWET hits a fresh 52-week high as shipping disruptions and soaring freight rates fuel gains.

Shipping ETF (BWET) Hits New 52-Week High

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