Little-Known Shipping ETF Turns $100K Into $2.1M in 1 Year
Key takeaways
- The analyst who called NVIDIA in 2010 just named his top 10 stocks and Amplify Commodity Trust wasn t one of them.
- Put $100,000 into BWET on June 4, 2025, and you would have $2.13 million today.
- The fund tracks crude oil tanker freight futures, with 90% in Very Large Crude Carrier (VLCC) contracts and 10% in Suezmax, and outside of a real shipping shock it tends to grind.
Little-Known Shipping ETF Turns $100K Into $2.1M in 1 Year Omor Ibne Ehsan Thu, June 4, 2026 at 11:35 PM GMT+7 4 min read CL=F BWET NVDA Quick Read Breakwave Tanker Shipping ETF (BWET) returned 1,793% in one year, surging from $9.93 per share on June 4, 2025, to $209.50 by mid-2026, as the fund’s Very Large Crude Carrier (VLCC) futures contracts repriced dramatically higher when the Strait of Hormuz effectively closed in February 2026, forcing tankers onto longer Cape of Good Hope routes instead of Persian Gulf shortcuts.
The closure of the Hormuz Strait, attributed to US-Iran conflict and a US blockade on Iranian oil, transmitted through BWET’s near-dated freight futures on a market already tight from aging fleets and 17-year-high ship orders, with Brent crude jumping from $71 in February to $117 in April and implied volatility reaching 106% on March 12.
The analyst who called NVIDIA in 2010 just named his top 10 stocks and Amplify Commodity Trust wasn t one of them. Get them here FREE.