# BWET (Breakwave Tanker Shipping ETF)

Breakwave · Commodity ETFs · Single commodity or commodity sector · data as of Oct 28, 2026

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 measured. It names no index it tracks. https://etfiq.com/promise-index/commodities/

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

## Key facts

- BWET, total return, 1 year: +5,121.7%, as of Oct 28, 2026.
- BWET, expense ratio: 4.68%, as of Oct 28, 2026.
- BWET, futures contracts, with collateral (Amplify daily holdings, Oct 28, 2026): 12, as of Oct 28, 2026.
- BWET, below its high: −11.2%, as of Oct 28, 2026.
- BWET, net assets: $178m (issuer page, as of Oct 28, 2026).
- BWET, benchmark: 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 fund (ETFIQ, from its filings).

## BWET over each window to Oct 28, 2026

| Window | Total return |
| --- | --- |
| 1 month | +23.1% |
| 3 months | +249.8% |
| 6 months | +483.8% |
| Year to date | +4,566.2% |
| 1 year | +5,121.7% |
| 3 years | +4,853.6% |
| Since launch | +6,353.1% |
| Since launch, annualised | +230.0% |

## BWET key stats

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

## BWET trading

- Not scored.
- $1,000: about $4.50, 0.45%, one way.
- $10,000: about $45, 0.45%, one way.
- Premium to NAV at the Oct 28 close: −1.36%; 95% of days within ±3.87%.
- Limit: 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.
- The full trading page: https://etfiq.com/funds/bwet/trading/

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| What it holds | Tanker freight futures | ETFIQ |
| Fund type | Commodity fund | ETFIQ |
| Category | Commodities · Single commodity or commodity sector | ETFIQ |
| Expense ratio, year to Jun 30, 2026 | 4.68% | 10-K, Sep 25, 2026 |
| Price | $898.92 | ETFIQ |
| First traded | May 3, 2023 | ETFIQ |
| Net assets | $178m | issuer page, as of Oct 28, 2026 |
| Benchmark | 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 fund | ETFIQ, from its filings |
| Below its high | −11.2% | ETFIQ |

## Money in and out, to Oct 26, 2026

| Window | Dates | Net flow |
| --- | --- | --- |
| 1 week | Oct 21, 2026 to Oct 26, 2026 | −$39.5m |

Daily counts start Oct 6, 2026, so these windows have no daily data: 1 month, 3 months, Year to date, 1 year.

Computed by ETFIQ from the change in shares outstanding times the previous day’s NAV. Every day and month: <https://etfiq.com/data/flows/funds/bwet.json>. Method: https://etfiq.com/methodology/flows

## Questions

### 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.


## Cite this page

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 <https://etfiq.com/data/>.

HTML: https://etfiq.com/funds/bwet  ·  JSON: https://etfiq.com/funds/bwet.json