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BDRY ETF — Breakwave Dry Bulk Shipping ETF
Breakwave Dry Bulk Shipping ETF (BDRY)
Updated October 16, 2026.
BDRY is an ETF. its expense ratio is 3.50%. Total return is -50.8% over the past 8.6 years, 280.0 points behind SPY at 229.2%.
Breakwave Dry Bulk Shipping ETF tracks the daily performance of near-dated dry bulk freight futures contracts, including Capesize, Panamax, and Supramax vessel classes, before fees and expenses. The fund does not distribute income to shareholders and carries a 3.50% expense ratio. It appeals to traders and investors seeking exposure to shipping freight rates rather than traditional income-generating securities.
BDRY holdings and sector exposure
Holdings are not available for this snapshot.
BDRY performance versus SPY
Price and return data through 2026-10-16.
Total return is -50.8% over the past 8.6 years, 280.0 points behind SPY at 229.2%. Over the past year its total return — price change plus distributions reinvested — is 50.7%. Its deepest 1-year drawdown was 26.1%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -18.0% | — |
| 3M | -0.8% | — |
| 6M | 12.8% | — |
| YTD | 43.1% | — |
| 1Y | 50.7% | — |
| 2Y CAGR | — | 24.50% |
| 3Y CAGR | — | 29.30% |
| 5Y CAGR | — | -18.70% |
| Since inception (8.6 years) | -50.8% | -7.90% |
BDRY key facts
- Issuer
- Breakwave Advisors
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 03/21/2018
- Expense ratio
- 3.50%
- Distribution frequency
- None
- Last close
- $12.55 (as of 2026-10-16)
- AUM
- $26,127,502
- Average volume
- 28108.0
- Beta
- 3.07
How Dividend Vision calculates yield and returns
Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Breakwave Advisors or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
BDRY risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 26.1%.
Who may consider BDRY — and who may not
It is a weaker fit for investors who need monthly cash flow (BDRY does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on BDRY
Frequently asked questions
Does BDRY pay monthly?
No. BDRY does not currently distribute.
What is BDRY's expense ratio?
BDRY's expense ratio is 3.50%.
When does BDRY pay a dividend?
BDRY does not currently distribute.
How has BDRY performed?
Total return is -50.8% over the past 8.6 years, 280.0 points behind SPY at 229.2%. Over the past year its total return — price change plus distributions reinvested — is 50.7%. Its deepest 1-year drawdown was 26.1%.
More securities from Breakwave Advisors.
Tickers
Holdings as-of date unavailable.
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