---
ticker: "BWET"
name: "Breakwave Tanker Shipping ETF"
url: "https://etf.net/etf/BWET"
grade: "D"
score: 28
graded_at: "2026-10-12"
category: "Energy Futures"
category_rank: "10 of 11"
methodology: "https://etf.net/methodology"
---

# BWET: Breakwave Tanker Shipping ETF

Grade **D**, Score 28 of 100. Rank 10 of 11 in Energy Futures.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 4 | 11 of 11 |
| Mission | Not scored | — |
| Risk | 43 | 7 of 11 |
| Tradability | 57 | 5 of 11 |
| Holdings | 43 | 3 of 5 |
| Durability | 53 | 7 of 11 |

## Top holdings

The fund holds 14 positions. These are the largest 14, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Cash & Other | 36.38% |
| 2 | AGPXX | Invesco Government & Agency Portfolio 12/31/2031 | 12.69% |
| 3 | DD3CM X26 INDEX | TD3C FFA 270kt Middle East Gulf to China USD/MT M Nov 26 | 12.69% |
| 4 | DD3CM Z26 INDEX | TD3C FFA 270kt Middle East Gulf to China USD/MT M Dec 26 | 12.00% |
| 5 | DD3CM V26 INDEX | TD3C FFA 270kt Middle East Gulf to China USD/MT M Oct 26 | 11.05% |
| 6 | DD3CM F27 INDEX | TD3C FFA 270kt Middle East Gulf to China USD/MT M Jan 27 | 3.41% |
| 7 | DD3CM G27 INDEX | TD3C FFA 270kt Middle East Gulf to China USD/MT M Feb 27 | 3.33% |
| 8 | DD3CM H27 INDEX | TD3C FFA 270kt Middle East Gulf to China USD/MT Mar 27 | 3.25% |
| 9 | DD20M V26 INDEX | TD20 FFA 130kt West Africa to Continent USD/MT M Oct 26 | 1.74% |
| 10 | DD20M X26 INDEX | TD20 FFA 130kt West Africa to Continent USD/MT M Nov 26 | 1.47% |
| 11 | DD20M Z26 INDEX | TD20 FFA 130kt West Africa to Continent USD/MT M Dec 26 | 1.12% |
| 12 | DD20M F27 INDEX | TD20 FFA 130kt West Africa to Continent USD/MT M Jan 27 | 0.32% |
| 13 | DD20M G27 INDEX | TD20 FFA 130kt West Africa to Continent USD/MT M Feb 27 | 0.29% |
| 14 | DD20M H27 INDEX | TD20 FFA 130kt West Africa to Continent USD/MT M Mar 27 | 0.26% |

Source: etf.net, https://etf.net/etf/BWET. Please cite the page URL.