# Breakwave Tanker Shipping ETF (BWET)

> Source: Nexqual · https://nexqual.com/BWET · data as of 2026-10-23 19:59 UTC · cite as "Nexqual, Breakwave Tanker Shipping ETF (BWET), nexqual.com/BWET" · informational, not investment advice.

**Price:** USD 896.61 (+0.08% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 895.91 · day 889–906.65 · 52w 16.87–1,051.94 · market cap null · PCX

## Key facts
- Total return with dividends: 1Y +5216.4% vs S&P 500 +13.4%; 5Y +7013.1% 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 2023-05-01) |
|---|---|---|
| Total return | +5216.4% | +7013.1% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +5289.4% | +240.4% |
| Volatility (annualized) | 117.0% | 82.3% |
| Max drawdown | -41.2% (Jun 2026→Jun 2026) | -55.9% (Feb 2024→Dec 2024) |

## Peers
BDRY (Breakwave Dry Bulk Shipping ETF) USD 12.61 +1.29% · BOAT (SonicShares Global Shipping ETF) USD 51.51 +0.98% · ECO (Okeanis Eco Tankers Corp.) USD 94.73 +5.20% · CRAK (VanEck Oil Refiners ETF) USD 64.26 -0.14% · MUU (Direxion Daily MU Bull 2X ETF) USD 24.01 +4.80%

## More
Full page: https://nexqual.com/BWET · 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

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 27 | 111.0% | ±24.6% |
| 2026-12-18 | 55 | 105.0% | ±32.6% |
| 2027-03-19 | 146 | 88.9% | ±43.8% |
| 2027-06-17 | 236 | 84.7% | ±51.8% |