Move Over Crypto, The BWET Tanker ETF Is Up 5,100 Percent

Forget about crypto or artificial intelligence for a moment. The Breakwave Tanker Shipping ETF, known as BWET, has seen an incredible 5,100 percent return over the past year. This performance easily outpaces any other major ETF in the United States, leaving even the most popular leveraged stock funds in the dust.

The massive surge is tied directly to global oil shipping costs. As military conflicts in the Middle East turned critical shipping lanes into dangerous chokepoints, the cost to transport crude oil spiked to record levels. BWET does not own physical oil or ships, but rather trades freight futures that track the cost of moving oil through key routes like the Strait of Hormuz.

Since the start of 2026, the fund has grown its net assets from $2 million to $200 million. Even when short lived peace rumors caused a temporary dip, the fund quickly recovered as geopolitical tensions flared once again. Recent attacks on oil infrastructure in Saudi Arabia have pushed the fund even higher, with share prices recently breaking past $700.

Investors should proceed with caution. The fund sponsor clearly states that these results are tied to unique and volatile market conditions that may not last. Because the ETF tracks shipping rates, it can fall just as quickly as it rose if shipping prices stabilize or decline.