Breakwave Dry Bulk Shipping ETF
$15.99+0.42 (+2.70%)
- Expense ratio
- 3.50%
- Fund size
- $37M
- 1Y return
- +93.2%
- Yield · Last 12 months
- —
- Holdings
- 12
- Volume · 30D
- 0.1M sh
- NAV per share
- $15.63
- 52W range
The ETF.net BDRY Grade
Score 19 of 100 sits in the F band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 0Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 35Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 30Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 56Category rank
Our read on BDRY
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.
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 Holdings
- Stocks
- 12
- 95%
- Cash & Other
Sectors
- Communication100.0%
BDRY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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.
| Period | BDRY |
|---|---|
| Year to date | +77.5% |
| 1 month | +5.6% |
| 3 months | +34.5% |
| 1 year | +93.2% |
| 3 years | +41.2% |
| 5 years | −12.7% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BDRY |
|---|---|---|
| 2026 YTD | +77.5% | |
| 2025 | +44.2% | |
| 2024 | −47.4% | |
| 2023 | +25.8% | |
| 2022 | −68.8% | |
| 2021 | +283.0% | |
| 2020 | −50.2% |
BDRY in the news
ETF.net Research hasn’t filed on BDRY yet — coverage lands here as it’s written.
BDRY Dividends
No distributions in the last 12 months.
BDRY Risk
- 69.9%
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.
- 0.77
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.
- −89.2%
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.
- 2.59
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BDRY Cost
- The middle half of Commodity Futures funds
- Median 0.79%
Every other Commodity Futures fund charges less.