Forget crypto or AI, oil tanker ETF BWET is up 5,100%
The best-performing ETF in America isn’t in the crypto, AI, or any tech sector. It is, in fact, the Breakwave Tanker Shipping ETF (BWET), up 5,100% over the past year. After a renewed war in Iran, military conflict in the straits of Hormuz and Bab el-Mandeb, and logistical threats such as this week’s attack on Saudi Arabia’s crude oil pipeline and a Houthi advance into the Bab el-Mandeb strait, BWET has rallied 3,600% since January 1. The next-best-performing ETFs rank far below BWET on a year-to-date basis and merely derive their gains from levering-up single stock performance: 1,170% for a 2x long Dell ETF, 530% for a 2x long Micron ETF, and 390% for a 2x long Marvell ETF. No other US ETF ranks close to BWET’s 3,600% gain in 2026. The fund takes long positions in forward freight agreements, offering exposure to oil tanker chartering rates on particular routes, including Hormuz. Year-to-date chart of Breakwave Tanker Shipping ETF. Source: Tr...