Quick Read – Amplify Commodity Trust (BWET), a tanker shipping ETF, surged 1,406% in one year from $10.55 on May 29, 2025 to $158.86 one year later, driven entirely by the Strait of Hormuz closure in February 2026 forcing tankers onto longer routes and tightening VLCC freight…
pacity. – The ETF’s 725% gain year-to-date through May 29, 2026 reflects how geopolitical disruptions compound through thinly-traded futures contracts, but the underlying rally is fully reversible if the strait reopens or diplomatic progress emerges, while structural factors like aging tanker fleets could provide a partial floor on gains. – 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
A share of Amplify Commodity Trust (NYSEARCA:BWET), the fund most people know as the Breakwave Tanker Shipping ETF, cost $10.55 on May 29, 2025. Twelve months later it closed at $158.86, a roughly 1,406% one-year gain that, for a brief window in mid-May, looked even larger before the fund gave back roughly 9% in a single week. If you put $10,000 in on that day in 2025 and walked away, you came back to roughly fifteen times your money in a non-leveraged ETF that most brokerages will let you buy with a single click.
That kind of number shows up only when something specific breaks. The arithmetic, on a price-only basis BWET is a futures-based commodity fund with a 3.5% expense ratio, and it does not pay a meaningful distribution, so the headline percentage and the total-return figure track each other closely. The cleanest framing is share-price to share-price.