BWET · Breakwave Tanker Shipping ETF

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$898.92
+0.3% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

BWET holds tanker freight futures and returned +5,121.7% over the past year.

Commodity fund · Holds tanker freight futuresBreakwave ↗Expense ratio 4.68%Fund assets $178m on Oct 28, 2026First traded May 3, 2023Benchmark Its own holdings, as of Jun 30, 2026; its 10-K sets it against the BWET Benchmark Portfolio, a futures portfolio its adviser maintains, not an index; it is measured by its own holdings and compared with no other fundFund page at the issuer ↗SEC filings ↗Every Breakwave fund ETFIQ covers

BWET returned +5,121.7% over the year to Oct 28, 2026, charges 4.68% a year and holds $178m in net assets on Oct 28, 2026.

Promise check: Not measuredIt names no index it tracks.

BWET risk and return scorecard

vs its own holdings

Not measured: its benchmark is its own holdings, which has no weekly price series.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · Oct 26, 2026
Last 4 trading days
−$39.5m
Since Oct 2026
−$26.9m
In on 6 days, out on 6. 49 days missing.

What you earned

BWET +23.1%: total return over one month to Oct 28, 2026.
BWET+23.1%
BWET +249.8%: total return over three months to Oct 28, 2026.
BWET+249.8%
BWET +483.8%: total return over six months to Oct 28, 2026.
BWET+483.8%
BWET +4,566.2%: total return over the year to Oct 28, 2026.
BWET+4,566.2%
BWET +5,121.7%: total return over one year to Oct 28, 2026.
BWET+5,121.7%
BWET +4,853.6%: total return over three years to Oct 28, 2026.
BWET+4,853.6%
BWET +6,353.1%: total return since launch to Oct 28, 2026.
BWET+6,353.1%

How concentrated, and what does it cost?

+5,121.7%
Total return, 1 year
4.68%
Expense ratio
12
Futures contracts, with collateral (Amplify daily holdings, Oct 28, 2026)
−11.2%
Below its high
Sector mix
Cost against like funds

More on BWET

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Price, 1 year

$898.92+0.3%1 day, priceClose, Oct 28, 2026

Price only. No distribution was paid over these days, so total return is the same. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 28, 2026. Updated every trading night. Report a data error

BWET returns by window: total return, cash paid and price change
WindowTotal return
1M Sep 28 – Oct 28, 2026+23.1%
3M Jul 29 – Oct 28, 2026+249.8%
6M Apr 29 – Oct 28, 2026+483.8%
YTD Dec 31, 2025 – Oct 28, 2026+4,566.2%
1Y Oct 28, 2025 – Oct 28, 2026+5,121.7%
3Y Oct 27, 2023 – Oct 28, 2026+4,853.6%
Since launch May 3, 2023 – Oct 28, 2026+6,353.1%
Since launch, annualised May 3, 2023 – Oct 28, 2026+230.0%

Total returns, distributions reinvested.

Source: Tiingo end-of-day prices, with distributions reinvested.

Money in and out

Daily data · as of Oct 26, 2026

BWET: in the 16 trading days to Oct 26, 2026, net $26.9m went out.

4D
−$39.5m
−19.7% of $201m on Oct 20, 2026
Oct 21, 2026 to Oct 26, 2026
Since Oct 2026
−$26.9m
Oct 6, 2026 to Oct 26, 2026
Net flow each trading day
Net flow into BWET each trading day, Jul 28, 2026 to Oct 26, 2026+$8.4m+$9.3m+$9.5m+$25.0m+$5.0m−$26.9m−$4.4m−$13.1m−$28.1m−$16.0m−$8.8m+$13.4mmonthly, from SEC filingsdaily, from Breakwave+$28.1m−$28.1mJul 28, 2026Oct 26, 2026

BWET, net flow each trading day over the 64 sessions from Jul 28, 2026 to Oct 26, 2026: money came in on 6 days and went out on 6 days, of the 15 days with daily data; the other 49 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

In on 6 days, out on 6. 49 days missing.

Net flow into BWET each trading day, Oct 28, 2025 to Oct 26, 2026+$8.4m+$9.3m+$9.5m+$25.0m+$5.0m−$26.9m−$4.4m−$13.1m−$28.1m−$16.0m−$8.8m+$13.4mmonthly, from SEC filingsdaily, from Breakwave+$28.1m−$28.1mOct 28, 2025Oct 26, 2026

BWET, net flow each trading day over the 250 sessions from Oct 28, 2025 to Oct 26, 2026: money came in on 6 days and went out on 6 days, of the 15 days with daily data; the other 235 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

In on 6 days, out on 6. 235 days missing.

Net flow into BWET each trading day, Mar 25, 2025 to Oct 26, 2026+$8.4m+$9.3m+$9.5m+$25.0m+$5.0m−$26.9m−$4.4m−$13.1m−$28.1m−$16.0m−$8.8m+$13.4mmonthly, from SEC filingsdaily, from Breakwave+$28.1m−$28.1mMar 25, 2025Oct 26, 2026

BWET, net flow each trading day over the 400 sessions from Mar 25, 2025 to Oct 26, 2026: money came in on 6 days and went out on 6 days, of the 15 days with daily data; the other 385 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

In on 6 days, out on 6. 385 days missing.

Money in, netMoney out, netMonthly basis
Streak
Money in on its last trading day, Oct 26, 2026, a net +$13.4m.

Daily data starts Oct 6, 2026.

How this is computed

Computed by ETFIQ from Breakwave’s daily data: each day’s change in shares outstanding times the previous day’s net asset value. Percentages are of net assets at the start of each window. Numbers are net: money in less money out. Every day and month ETFIQ holds for BWET, back to Oct 2026, is in its flows file. Flows across every fund · How these flows are computed · Compare BWET with other funds in the flows tool

Every trading day, last 3 months15 days
Oct 26, 2026 +$13.4m
Oct 23, 2026 −$8.8m
Oct 22, 2026 −$16.0m
Oct 21, 2026 −$28.1m
Oct 20, 2026 −$13.1m
Oct 19, 2026 −$4.4m
Oct 16, 2026 −$26.9m
Oct 15, 2026 $0
Oct 14, 2026 +$5.0m
Oct 13, 2026 $0
Oct 12, 2026 $0
Oct 9, 2026 +$25.0m
Oct 8, 2026 +$9.5m
Oct 7, 2026 +$9.3m
Oct 6, 2026 +$8.4m covers 2 trading days

Most recent first.

Week by week, last year4 weeks
Oct 26, 2026 +$13.4m 1 day
Oct 23, 2026 −$70.5m
Oct 16, 2026 −$21.9m
Oct 9, 2026 +$52.2m 4 days

Net flow into BWET each week, Oct 6, 2026 to Oct 26, 2026, most recent first, each week named by its last trading day with data. Computed by ETFIQ.

Month by month, money in and money outOct 2026

BWET, net flow each month from Oct 2026 to Oct 2026: money came in in 0 months and went out in 1 month.

MonthInOutNet
Oct 2026 ETFIQ, the sum of its days, Oct 6 to Oct 26+$70.6m−$97.5m−$26.9m

Most recent first.

How this is computed

Months summed from daily data: money in adds the days money came in; money out adds the days it went out.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s daily share counts and net asset values, and its SEC N-PORT filings. Data as of Oct 26, 2026. Last checked Oct 29, 2026.

BWET key stats

52-week high, daily closes to Oct 28, 2026 (ETFIQ)$1,012.75 on Oct 8, 2026
52-week low, daily closes to Oct 28, 2026 (ETFIQ)$17.86 on Nov 5, 2025
Close on Oct 28, 2026, within that range (ETFIQ)$898.92, 89% of the way from the low to the high
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Oct 28, 2026
Trading · BWETas of Oct 28, 2026
·
Not scored1 of 6 measured · Oct 28, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
$1,000$4.500.45%
$10,000$450.45%
Premium or discount to NAV, Oct 28 close−1.36%
−4.9%95% of days within ±3.87%+4.9%
How to tradeLimit: midpoint + 405¢ to buy, midpoint − 405¢ to sell.At the Oct 28 close of $898.92, that’s $902.97 to buy and $894.87 to sell.Its holdings close before New York; its price can drift from value late in the day.
Full trading page: components, premium history, dealers →

BWET’s 12 futures contracts, a notional value of 138.9% of its net assets, then its collateral, from Amplify’s daily holdings dated Oct 29, 2026, as of the close of Oct 28, 2026. A contract’s notional is what it is worth at that day’s price, as a share of the fund’s net assets that day, each as Amplify states it. Source: Amplify, the fund’s issuer.

TD3C FFA 270kt Middle East Gulf to China USD/MT M Oct 26 Oct 2026 contract 34.46%
TD3C FFA 270kt Middle East Gulf to China USD/MT M Dec 26 Dec 2026 contract 26.64%
TD3C FFA 270kt Middle East Gulf to China USD/MT M Nov 26 Nov 2026 contract 25.72%
TD3C FFA 270kt Middle East Gulf to China USD/MT M Jan 27 Jan 2027 contract 13.39%
TD3C FFA 270kt Middle East Gulf to China USD/MT M Feb 27 Feb 2027 contract 12.35%
TD3C FFA 270kt Middle East Gulf to China USD/MT Mar 27 Mar 2027 contract 11.21%
TD20 FFA 130kt West Africa to Continent USD/MT M Oct 26 Oct 2026 contract 5.50%
TD20 FFA 130kt West Africa to Continent USD/MT M Nov 26 Nov 2026 contract 3.30%
TD20 FFA 130kt West Africa to Continent USD/MT M Dec 26 Dec 2026 contract 2.54%
TD20 FFA 130kt West Africa to Continent USD/MT M Jan 27 Jan 2027 contract 1.67%
TD20 FFA 130kt West Africa to Continent USD/MT M Feb 27 Feb 2027 contract 1.13%
TD20 FFA 130kt West Africa to Continent USD/MT M Mar 27 Mar 2027 contract 1.03%
Cash collateral 75.30%
Money market funds collateral 24.70%

Source: Amplify daily holdings. Updated each trading day.

About BWET

What it holdsTanker freight futures
Fund typeCommodity fund
Category (ETFIQ)Commodities · Single commodity or commodity sector
Expense ratio, year to Jun 30, 2026 (10-K, Sep 25, 2026)4.68%
Price$898.92
First tradedMay 3, 2023
Net assets (issuer page, as of Oct 28, 2026)$178mReport
Benchmark (ETFIQ, from its filings)Its own holdings, as of Jun 30, 2026; its 10-K sets it against the BWET Benchmark Portfolio, a futures portfolio its adviser maintains, not an index; it is measured by its own holdings and compared with no other fundReport
Below its high (ETFIQ)−11.2%
IQ Investment Committee on BWET

12 seats on BWET, as of Oct 28, 2026: 1 Mixed, 4 Challenges, 4 Not enough data, 3 Does not apply.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianDoes not apply
In the tradition ofRay DalioDalio-style All-WeatherChallenges
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityDoes not apply
In the tradition ofDavid SwensenSwensen-style DiversificationMixed
In the tradition ofCathie WoodWood-style Disruptive InnovationDoes not apply
In the tradition ofJesse LivermoreLivermore-style Trend FollowingChallenges
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatChallenges
Put BWET to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about BWET

How has BWET performed?
Over the year to Oct 28, 2026, BWET returned +5,121.7% with distributions reinvested. Over three years the number is +4,853.6%.
What does BWET cost?
Its expense ratio is 4.68%, for the year to Jun 30, 2026, as its 10-K states.
How far is BWET below its high?
11.2% below its high of Oct 8, 2026, measured on the reinvested series to Oct 28, 2026.
Sources and dates
Prices, BWETTiingo end-of-day · Oct 28, 2026
Fee, 4.68%SEC 10-K · Sep 25, 2026
Net assets, $178mIssuer page · Oct 28, 2026
All fund filingsFilings on SEC EDGAR ↗

Links are sources, not endorsements.

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ETFIQ, BWET, commodity fund, data as of Oct 28, 2026. https://etfiq.com/funds/bwet

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

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BWET: BWET over 1 year: total return +5,121.7%. Data to Oct 28, 2026.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/bwet"><img src="https://etfiq.com/assistant/api/embed/core/bwet.svg" alt="BWET: BWET over 1 year: total return +5,121.7%. Data to Oct 28, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">BWET: BWET over 1 year: total return +5,121.7%. Data to Oct 28, 2026. Data: <a href="https://etfiq.com/funds/bwet">ETFIQ</a></figcaption>
</figure>

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