What happened
BWET rose ~5,100% in one year, 3,600% YTD, 280.53% in 3 months, per Morningstar/Livemint data as of September 2026.
The Breakwave Tanker Shipping ETF (BWET) surged nearly 5,100% over one year as of September 11, 2026, making it the best-performing non-leveraged fund in the US.
BWET delivered 3,600% YTD returns and 280.53% over three months, with 114% gains in the past month, per Livemint citing Morningstar.
Supertanker freight rates hit record highs as the US-Iran war disrupted Strait of Hormuz traffic, while Houthi rebels seized Yemen's Mokha port.
Yahoo Finance corroborates with BWET YTD 1,964.93% and 1-Year 3,384.37% as of August 20, 2026 — same order-of-magnitude rally.
Why is BWET rallying?
The US-Iran war disrupted oil shipments through the Strait of Hormuz, pushing tanker freight rates to record highs and driving BWET's extraordinary gains.
Why it matters for me
Investors are pouring capital into tanker shipping ETFs, while shipping companies report record profits from elevated freight rates.
Money
Etf Traders
BWET delivered ~5,100% 1Y return, attracting capital to tanker shipping ETFs.
Daily Life
Commodity Watchers
Oil shipping disruption may push global freight costs higher, affecting consumer goods prices.
Work
Us Investors
Shipping sector hiring may spike as companies expand fleets amid record freight rates.
What to remember
Geopolitical oil supply shocks can send shipping ETFs parabolic — but volatility cuts both ways.
BWET is up 5,100% in one year thanks to the US-Iran war disrupting Hormuz shipping. Here is what investors should know.
Verified sources (3)
Up 5,100% in one year! This ETF delivers highest returns on US-Iran war oil shock
↗Breakwave Tanker Shipping ETF (BWET) Performance History
↗BWET – Portfolio – Breakwave Tanker Shipping ETF
↗Claims and linked sources
8 claimsBWET surged nearly 5,100% over one year as of September 11, 2026, per Morningstar data.
BWET delivered 3,600% YTD returns as of September 14, 2026, per Livemint citing Morningstar.
BWET is the best-performing non-leveraged fund in the US as of the report date.
The rally is attributed to the US-Iran war disrupting tanker traffic through the Strait of Hormuz.
Iran-backed Houthi rebels seized Yemen's Mokha port, risking Red Sea shipping disruption.
Saudi Arabia closed East-West crude pipeline after drone attacks from Iraq.
Supertanker freight rates surged to record highs, enabling record shipping company profits.
Yahoo Finance shows BWET YTD 1,964.93%, 1Y 3,384.37%, 3Y 177.28% as of August 20, 2026.
Community signals
Signal-only · not reporting“The ETF delivers highest returns on US-Iran war oil shock”