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Breakwave Tanker Shipping ETF
BWETFinancial ServicesAMEXUS
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One hundred days into the Iran war, AI, shipping and cannabis ETFs have surged, while crypto, bonds and gold miners lagged.
The Breakwave Tanker Shipping ETF (NYSEARCA:BWET) has delivered one of the most extreme returns of any U.S.
Shipping ETFs are riding on elevated freight rates as Middle East disruptions reshape logistics, with BWET SEA posting strong 2026 gains.
Put $100,000 into BWET on June 4, 2025, and you would have $2.13 million today. The setup is straightforward.
If you put $10,000 into the Breakwave Tanker Shipping ETF (NYSEARCA:BWET) on the last trading day of 2025 and did nothing, by the close on May 26, 2026 you were sitting on about $83,000.
A share of Amplify Commodity Trust (NYSEARCA:BWET), the fund most people know as the Breakwave Tanker Shipping ETF, cost $10.55 on May 29, 2025.
BWET surges to a 52-week high after a massive rally, fueled by shipping disruptions and soaring freight rates, and still has room to run.
Crude oil tanker freight futures rarely produce the year's biggest gain. Yet Breakwave Tanker Shipping ETF (NYSE:BWET) closed at around $172, after a 1,331% one-year run driven almost entirely by one event: the closure of the Strait of Hormuz in February 2026.
Shipping ETFs like BWET surge as Hormuz blockade drives freight rates sky high, outperforming the S&P 500 amid war-fueled volatility.
Exchange-traded fund flows surpassed $500 billion in the first three and a half months of 2026 as the industry continues its rapid expansion with more than 300 new launches and record trading volumes. Key Takeaways: ETF flows exceeded $500 billion in the first three and a half months of 2026.
Shy of two full weeks ago at the time of this writing, the US launched Operation Epic Fury to destroy the #1 state sponsor of Islamic terrorism's military capabilities and its capacity to manufacture nuclear weapons. Iran's response to this infrastructure devastation was to shut down the Strait of Hormuz, the primary conduit for maritime... BWET Is Up 1,200% This Past Year and Most Investors Should Stay Far Away
The Strait of Hormuz carries more than a quarter of all seaborne oil trade on a normal day.
The rise of Amplify ETFs is one of the more interesting stories in the U.S. ETF industry. Although it only launched its first ETF under that brand in 2016, its founder, Christian Magoon, was a well-known figure in the ETF space long before that.
John Kartsonas, founder and managing partner at Breakwave Advisors, joins Katie Greifeld and Eric Balchunas on "Bloomberg ETF IQ." Every twist in the Iran conflict shows up almost instantly in the Breakwave Tanker Shipping ETF (ticker: BWET) that has become the best-performing ETF of 2026.
Since the start of Operation Epic Fury at the end of February, Brent crude oil prices have risen as high as $150 a barrel as the Strait of Hormuz has been effectively closed by Iran. Panic over supply is driving energy prices higher, and consumers are experiencing it at the pump with soaring gasoline prices.
Breakwave Tanker Shipping ETF (BWET) surged about 15% on April 9 as a strong wave of tanker orders pushed the global shipping order book to its highest level in nearly two decades. With tanker demand driving newbuilding activity and BWET already up sharply in 2026, the fund continues to ride momentum tied to rising crude shipping rates.
BWET surges to a 52-week high after a massive rally, fueled by shipping disruptions and soaring freight rates, with momentum potentially still having room to run.
With the price of crude oil futures rising to the highest level in years amid the Iran war, investors may be looking to strategically shift their allocations to take advantage of the spike. While commodities trading or individual oil stocks are appealing to more active investors, others may look for exchange-traded funds (ETFs) that provide access to the space without the need for the same level of involvement.
March winners were clear -- Shipping, Energy, Commodities & Volatility ETFs surged as war risks, supply shocks, and market swings drove big gains.
Q1 2026's top sectors are in -- Energy, Telecom, and Space led the rally as disruption, 5G growth, and IPO buzz powered standout ETF gains.
Oil shock and geopolitical tensions sank stocks, but shipping, volatility, and niche ETFs rallied, emerging as winners amid the S&P 500???s five-week slide.
Natural gas has proven itself one of the most volatile commodities in recent memory.
For Breakwave Tanker Shipping ETF (BWET), it's all about tracking tanker freight futures. Freight futures are heavily impacted by geopolitical events.
While the S&P 500 has slipped roughly 4% over the past month, two natural gas ETFs have quietly put up some of the strongest returns in the market.
Amplify Commodity Trust (BWET) is up 289% year to date using leverage to amplify crude moves, while Credit Suisse Crude Oil Covered Call ETN (USOI) is up only 21% year to date by selling call options for income, and United States Natural Gas Fund (UNG) has lost 89% over the past decade due to futures contango drag despite potential upside from supply disruptions.
Breakwave Tanker Shipping ETF (NYSEARCA:BWET - Get Free Report) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 17,938 shares, a growth of 141.6% from the February 12th total of 7,425 shares. Based on an average trading volume of 77,311
I recommend selling Breakwave Tanker Shipping ETF due to an unattractive risk-return profile after its dramatic 2026 surge. BWET's performance is tightly linked to the Middle East maritime oil freight, especially the Strait of Hormuz, making it highly sensitive to geopolitical disruptions. Oil shipping prices and BWET have already soared to levels not seen since the 2000s; further upside appears limited as conflict escalation is not in major powers' interests.
