Breakwave Tanker Shipping ETF

BWET

Market cap $39.3M

BWET surges to a 52-week high after a massive rally, fueled by shipping disruptions and soaring freight rates, and still has room to run.

Crude oil tanker freight futures rarely produce the year's biggest gain. Yet Breakwave Tanker Shipping ETF (NYSE:BWET) closed at around $172, after a 1,331% one-year run driven almost entirely by one event: the closure of the Strait of Hormuz in February 2026.

Shipping ETFs like BWET surge as Hormuz blockade drives freight rates sky high, outperforming the S&P 500 amid war-fueled volatility.

The Breakwave Tanker Shipping ETF (BWET) has surged more than 600% since the beginning of the year, vastly outperforming fundamental energy trades like crude oil, which is up around 60% in the same period. Rising tensions in the Strait of Hormuz caused by the U.S.-Iran war and disruptions to key maritime corridors have caused freight futures to skyrocket.

Freedom of maritime navigation has long been considered a staple feature of the post-war liberal order but all this is changing in the era of competing superpowers

Exchange-traded fund flows surpassed $500 billion in the first three and a half months of 2026 as the industry continues its rapid expansion with more than 300 new launches and record trading volumes. Key Takeaways: ETF flows exceeded $500 billion in the first three and a half months of 2026.

Shy of two full weeks ago at the time of this writing, the US launched Operation Epic Fury to destroy the #1 state sponsor of Islamic terrorism's military capabilities and its capacity to manufacture nuclear weapons.

The Strait of Hormuz carries more than a quarter of all seaborne oil trade on a normal day.

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The S&P 500 is mostly suffering from uncertainty amid President Donald Trump's war in Iran. But there's one ETF that's directly profiting.