BWET ETF — Breakwave Tanker Shipping ETF

Breakwave Tanker Shipping ETF (BWET)

Updated October 16, 2026.

BWET is an ETF. its expense ratio is 3.50%. Total return is 6353.5% over the past 3.5 years, 6258.1 points ahead of SPY at 95.4%.

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 performance versus SPY

Price and return data through 2026-10-16.

Total return is 6353.5% over the past 3.5 years, 6258.1 points ahead of SPY at 95.4%. Over the past year its total return — price change plus distributions reinvested — is 5457.8%. Its deepest 1-year drawdown was 41.2%.

BWET key facts

Issuer

Breakwave Advisors

Asset type

ETF

Asset class

Equity

Inception date

05/01/2023

Expense ratio

3.50%

Distribution frequency

None

Last close

$898.97 (as of 2026-10-16)

AUM

$295,046,425

Average volume

73615.0

Beta

5.46

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; 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.

BWET risks and drawbacks

The deepest 1-year drawdown on record here is 41.2%.

Who may consider BWET — and who may not

It is a weaker fit for investors who need monthly cash flow (BWET does not currently distribute). This is educational context, not a recommendation to buy or sell.

More on BWET

• All tickers starting with B

Frequently asked questions

More securities from Breakwave Advisors.