Chart of Day: Breakwave Tanker Shipping ETF (BWET)

One of the most rewarding exchange traded funds of 2026 has been the Breakwave Tanker Shipping ETF (BWET), up about 4,961% year to date. In fact, after starting the year at $18.97, it’s now up to $960 a share thanks to severe global supply-demand crisis in maritime freight. That’s thanks to issues in the Red Sea and Suez Canal, and the Strait of Hormuz.

Think of it this way: when ships have to take longer routes, each delivery can tie up a tanker for more time. That can leave fewer vessels available for the next shipment, putting upward pressure on freight rates. Disruptions around the Strait of Hormuz have helped fuel the surge in tanker rates and BWET’s rally this year.

For some background, the ETF, it’s the first and only freight futures ETF focused exclusively on crude oil tanker freight rates. The fund could push even higher with the war with Iran showing no clear signs of slowing down.

Of course, we also have to ask what happens when the freight futures start to cool off. While we aren’t seeing an inverse ETF for BWET, what we can do is trade the short side of oil and energy with an inverse ETF such as the Ultra Short Bloomberg Crude Oil (SCO) ETF. This one seeks 2x the inverse of the daily performance of the Bloomberg Commodity Balanced WTI Crude Oil Index.

About Author

Ian Cooper

Ian Cooper has helped individual investors navigate financial markets, identify opportunities, and manage risk since 1999. He has taught thousands of investors to interpret market-moving news and investor psychology through a disciplined combination of technical and fundamental analysis.

His major market calls included calling the 2008 financial crisis months before it began, identifying risks in subprime and Alt-A mortgages, and warning of trouble at Lehman Brothers, Bear Stearns, and New Century Financial. He also forecast the Dow Jones Industrial Average’s decline toward 6,500 and its subsequent recovery, and projected gold’s rise above $1,500 an ounce when it traded below $600.

Today, Cooper draws on decades of experience to help investors make informed decisions and pursue long-term wealth creation. His approach emphasizes rigorous research, disciplined risk management, and an understanding of how fundamentals, price trends, and market sentiment influence investment opportunities.

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