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Dividend Vision

BWET — Breakwave Tanker Shipping ETF

Breakwave Tanker Shipping ETF (BWET)

BWET pays a 0.00% distribution rate, on a 3.50% expense ratio. Total return is 2621.6% over the past 3.3 years, 2523.4 points ahead of SPY at 98.2%. Its deepest 1-year drawdown was 41.2%.

Breakwave Tanker Shipping ETF tracks freight futures indices published by the Baltic Exchange, which measure charter rates for crude oil tanker shipping across different vessel sizes and routes. The fund does not currently distribute to shareholders and carries an expense ratio of 3.50%. It may appeal to traders and investors seeking exposure to shipping market dynamics and tanker freight rate expectations.

BWET key facts

Issuer
Breakwave Advisors
Asset type
ETF
Asset class
Equity
Inception date
05/01/2023
Expense ratio
3.50%
Distribution rate
0.00%
Last close
$379.12
AUM
$30,263,805
Average volume
231500.0
Beta
4.69
P/E ratio
11.4169