Breakwave Dry Bulk Shipping ETF
$13.12−0.53 (−3.88%)
- 3.50%
- $30M
- +66.9%
- 0.1M sh
- $13.95
- low $7.57high $16.71
The ETF.net BDRY Grade
F
Score 17 out of 100
- 15 of 15
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.F0 out of 100Rank 15 of 15Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D29 out of 100Rank 13 of 15Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D30 out of 100Rank 11 of 15Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B57 out of 100Rank 3 of 5Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B56 out of 100Rank 8 of 15
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
- 17
- 97%
- 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.
Not enough history yet.
BDRY$16,687
Returns run to the Oct 12, 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 | +55.6% |
| 1 month | −14.7% |
| 3 months | +5.9% |
| 1 year | +66.9% |
| 3 years | +34.6% |
| 5 years | −18.4% |
| 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 | +55.6% | |
| 2025 | +44.2% | |
| 2024 | −47.4% | |
| 2023 | +25.8% | |
| 2022 | −68.8% | |
| 2021 | +283.0% | |
| 2020 | −50.2% |
BDRY in the news
BDRY Dividends
No distributions in the last 12 months.
BDRY Risk
- 70.0%
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.
- 0.68
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.
- −88.3%
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
3.50%
BDRY3.50%
- The middle half of Commodity Futures funds
- Median 0.79%
Every other Commodity Futures fund charges less.
Other funds in Commodity Futures
- CCMDTPIMCO Commodity Strategy Active Exchange-Traded FundExpense ratio 0.98%1 year return +34.1%
- CUSEUSCF Energy Commodity Strategy Absolute Return FundExpense ratio 0.79%1 year return +41.7%
- CZSCUSCF ETF Trust - USCF Sustainable Commodity Strategy FundExpense ratio 0.79%1 year return +17.1%
- DKCCAKraneShares California Carbon Allowance Strategy ETFExpense ratio 0.95%1 year return −3.3%
- FCCOMSimplify Chinese Commodities Strategy No K-1 ETFExpense ratio 0.99%1 year return —