Breakwave Tanker Shipping ETF
$733.05+51.04 (+7.48%)
History starts May 3, 2023.
- Expense ratio
- 3.50%
- Fund size
- $288M
- 1Y return
- +4530.1%
- Yield · Last 12 months
- —
- Holdings
- 8
- Volume · 30D
- 0.2M sh
- NAV per share
- $728.75
- 52W range
The ETF.net BWET Grade
Score 28 of 100 sits in the D 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 4Category 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.CScore 43Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 54Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 45Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 53Category rank
Our read on BWET
DMost energy funds bet on the barrel. BWET bets on the boat: it tracks an index of exchange-cleared futures tied to what it costs to ship crude oil by sea. A niche corner of the energy trade, wrapped in one ticker.
The fund seeks exposure to daily changes in tanker freight futures by tracking a portfolio of exchange-cleared futures contracts tied to the cost of shipping crude oil.
Why people hold it
- Freight, not crude. It targets tanker shipping costs, a different lever than the oil-price funds that fill its peer group (OILK, DBO, BNO).
- Rules-based exposure: it follows the Breakwave Tanker Futures Index, a defined portfolio of exchange-cleared futures rather than a trader's discretionary calls.
- The futures machinery sits inside the fund. You buy and sell it on exchange like any listed fund, in an ordinary brokerage account.
Worth knowing
- Costs 3.50% a year, multiples of what oil-futures peers charge (OILK 0.69%, DBO 0.81%). Exposure this specialized carries a premium price tag.
- It's a commodity pool, not a standard 1940 Act fund, so tax treatment and shareholder paperwork can look different from a plain stock ETF.
- A small fund pointed at one narrow freight market, and it hasn't been an income payer. Price movement is the whole story here.
BWET Holdings
- Stocks
- 8
- 100%
- Cash & Other
Sectors
- Communication100.0%
Geography
- United States100.00%
BWET Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
BWET$463,007
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 | BWET |
|---|---|
| Year to date | +3441.1% |
| 1 month | +45.6% |
| 3 months | +213.2% |
| 1 year | +4530.1% |
| 3 years | +234.5% |
| 5 years | — |
| 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 | BWET |
|---|---|---|
| 2026 YTD | +3441.1% | |
| 2025 | +96.1% | |
| 2024 | −39.2% | |
| 2023 | +15.9% |
BWET in the news
BWET Dividends
No distributions in the last 12 months.
BWET Risk
- 99.1%
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.
- 1.45
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.
- −56.9%
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.
- 4.69
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BWET Cost
3.50%
BWET3.50%
- The middle half of Energy Futures funds
- Median 1.01%
Every other Energy Futures fund charges less.