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…
osed 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
Put $100,000 into BWET on June 4, 2025, and you would have $2.13 million today. The setup is straightforward. The Breakwave Tanker Shipping ETF (NYSEARCA:BWET) opened that day at $9.93 a share, closed June 3 at $188, and by midday Thursday was changing hands at $209.50, an additional 11% in a single session.
The full one-year price-only return clocks in at 1,793%. Headlines have placed it anywhere from 1,276% to 1,450% depending on the snapshot day, which is what happens when a fund moves this fast. The analyst who called NVIDIA in 2010 just named his top 10 stocks and Amplify Commodity Trust wasn’t one of them.