The Breakwave Tanker Shipping ETF ($BWET) has surged roughly 6,200% over the past 15 months, as disruption around the Strait of Hormuz sent tanker freight rates sharply higher. The fund tracks tanker freight futures rather than shares of shipping companies, giving investors direct exposure to the cost of transporting crude oil by sea.
Oil transportation costs have climbed from around $3 per barrel to more than $14 as tankers rerouted around one of the world’s most important energy corridors. Despite the extraordinary performance, BWET remains relatively small, with assets of about $157 million, up from roughly $3 million at the start of the year.
A hypothetical $10,000 investment 15 months ago would now be worth about $630,000, highlighting the scale of the freight-rate rally and BWET’s leveraged sensitivity to tanker-market conditions.
