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Launched · SEC filings

Breakwave Dry Bulk Shipping ETF

BDRYNYSE ArcaAmplifyF

$12.36+0.17 (+1.39%)

At close: Nov 2, 2026, 4:00 PM ET

F17/ 100

Rank 14 of 14 in Commodity Futures

F17/100Rank 14 of 14inCommodity Futures
Intraday session: up, 79 prints from 12.19 to 12.36. Range 12.18 to 12.44. Use the arrow keys to read each point.12.2512.3012.4012.4510 AM12 PM2 PM4 PM
Expense ratio
3.50%
Fund size
$25M
1Y total return
+50.5%
Yield · Last 12 months
No data
Holdings
17
Avg volume · 30D
64.6K sh
52W range
low $7.92high $16.71
Launched
Filings
SEC EDGAR

The ETF.net BDRY Grade

Based on 5 of 6 pillars

F

Score 17 out of 100

Category
Commodity Futures⁠
Rank
14 of 14
Six-pillar profile for BDRY. Scores out of 100: Cost 1, Risk 30, Mission not scored, Tradability 28, Holdings 57, Durability 53. Strongest: Holdings (57). Weakest: Cost (1). Based on 5 of 6 pillars.

Score 17 of 100 falls in the F band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F1 out of 100
    Rank 14 of 14

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D30 out of 100
    Rank 13 of 14

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D28 out of 100
    Rank 11 of 14

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B57 out of 100
    Rank 3 of 5

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C53 out of 100
    Rank 8 of 14

Our read on BDRY

ETF.net Research

In short

FShipping 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.

Stated mandate

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.

Why people hold it

  • 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.

Worth knowing

  • 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.

BDRY Performance

Launched Mar 22, 2018

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
BDRY$15,049
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. BDRY $15,049. SPY $11,199. Use the arrow keys to read each point.$10,000$15,000$20,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BDRY. Periods over one year show the average yearly return.
PeriodBDRY
Year to date+39.0%
1 month−16.2%
3 months−9.2%
1 year+50.5%
3 yearsper year+34.5%
5 yearsper year−16.5%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BDRY
YearReturn barBDRY
2026 YTD+39.0%
2025+44.2%
2024−47.4%
2023+25.8%
2022−68.8%
2021+283.0%
2020−50.2%

BDRY in the news

BDRY Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

BDRY Risk

Risk pillarD30 out of 100Rank 13 of 14 in Commodity Futures
How much the fund’s monthly returns vary, scaled to a year.
70.6%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.64
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−85.2%
Trough Jul 2023
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
2.59
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

BDRY Cost

Compare BDRY and USG

Overpaying vs USG, cheapest in Commodity Futures

$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% Cheapest

    $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

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