# Breakwave Dry Bulk Shipping ETF (BDRY)

> Source: Nexqual · https://nexqual.com/BDRY · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Breakwave Dry Bulk Shipping ETF (BDRY), nexqual.com/BDRY" · informational, not investment advice.

**Price:** USD 12.61 (+1.29% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 12.45 · day 12.43–12.61 · 52w 7.83–16.71 · market cap null · PCX

## Key facts
- Total return with dividends: 1Y +60.6% vs S&P 500 +13.4%; 5Y -58.0% vs S&P 500 +76.9%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Net income | -$33.4M | -$35.4M | $46.5M | -$17.5M | $79.2M | $79.2M |
| Cash + short-term investments | — | $38.2M | $33.0M | — | — | — |
Fiscal years end Jun. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)


## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +60.6% | -58.0% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +60.9% | -15.9% |
| Volatility (annualized) | 39.5% | 55.9% |
| Max drawdown | -26.1% (Sep 2026→Oct 2026) | -84.3% (Oct 2021→Jul 2023) |

## Peers
BOAT (SonicShares Global Shipping ETF) USD 51.51 +0.98% · BWET (Breakwave Tanker Shipping ETF) USD 896.61 +0.08% · KRBN (KraneShares Global Carbon Strat) USD 34.12 +0.04% · GRN (iPath Series B Carbon Exchange-) USD 34.62 +0.02% · DAC (Danaos Corporation) USD 158.34 +0.34%

## More
Full page: https://nexqual.com/BDRY · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt