$BWET

The Breakwave Tanker Shipping ETF (BWET) has surged 3,600% year-to-date, the best-performing non-levered fund in the U.S., due to geopolitical tensions in the Middle East disrupting oil tanker routes. Experts attribute the gains to increased shipping costs and a shortage of vessels, with relief expected in 18-36 months. Other freight ETFs, like SEA and BOAT, also offer exposure to these trends.

Shipping stocks, including Danaos Corporation, Frontline, and Teekay Tankers, reached multi-year highs due to strong demand and geopolitical factors. Since the Hormuz crisis, these stocks gained 22% on average, outperforming the S&P 500. Top performers include Höegh Autoliners (up 56%) and BWET ETF (up 650%). Year-to-date, shipping stocks surged 68%, with crude tankers and car carriers leading gains.

BWET ETF has gained about 1,600% in 2026, helped by roughly $1.28 million in inflows since January, as US-Iran tensions raise crude oil shipping costs. The fund tracks tanker-freight futures tied to Baltic Exchange benchmarks. Bloomberg cited Black Sea to Mediterranean tanker earnings at a record $440,948. Technicals show RSI near 82 and price above key moving averages.

Breakwave Tanker Shipping ETF (BWET) reached a new all-time high, with year-to-date gains of about 1,659%. The article contrasts BWET with leveraged single-stock ETFs including GraniteShares 2x Long DELL Daily (DLLL) and Direxion Daily MU Bull 2X (MUU). It attributes BWET’s rise to tanker freight futures tied to Strait of Hormuz routes, amid volatility in oil prices and a Baltic Exchange lawsuit scheduled for trial Oct. 26.

Breakwave Tanker Shipping ETF (BWET) closed at $252, up 38% over one month and 1,390% YTD, according to the article. The surge is attributed to the February 2026 closure of the Strait of Hormuz and tanker freight-rate spikes. The piece says BWET’s outlook depends on Hormuz/transit normalization and the VLCC freight-futures curve (backwardation vs contango) affecting roll yield.

The article compares NYSE-listed tanker shipping ETFs BWET and BOAT. BWET surged about 995% YTD to around $210.96, driven by wet freight futures, but it charges a 3.50% fee and pays no dividends. BOAT, with a 0.69% fee, pays quarterly dividends; its latest payout was $1.00611 vs $0.42834 prior quarter.

The Breakwave Tanker Shipping ETF (NYSE:BWET) is up about 1,002.85% year to date in 2026, tracking near-month tanker freight futures and benefiting from a Strait of Hormuz supply shock. The article contrasts this with USO up about 70.45% and XLE up about 28.66%, noting WTI peaked at $114.58 and later fell.

Breakwave Tanker Shipping ETF (BWET) rose about 1,645% over the past year and 836% year to date to near $180, driven by VLCC wet freight futures after the Strait of Hormuz closure (Feb 2026). The article says gains could unwind quickly if a ceasefire or reopening reduces the war premium. It also notes structural drag from a 3.5% expense ratio and futures roll costs.

Breakwave Tanker Shipping ETF (BWET) rose from $19.26 on Dec. 31, 2025 to $160.22 by May 26, 2026, a 731.68% year-to-date gain, according to Fuse’s adjusted price series. The article attributes the move to near-dated crude oil tanker freight futures tied to VLCC rates after U.S.-Iran tensions disrupted Strait of Hormuz insurance, pushing Middle East-to-Asia hauling costs to record levels. It contrasts this with Micron’s 214.04% rally over the same period.

Amplify Commodity Trust’s tanker shipping ETF (BWET) rose about 1,406% over one year, from $10.55 on May 29, 2025 to $158.86 a year later, according to the article. It attributes the move to the February 2026 closure of the Strait of Hormuz, which lengthened tanker routes and tightened VLCC freight capacity. The article also cites a 725% year-to-date gain through May 29, 2026.