Breakwave Tanker Shipping ETF Jumps 743% YTD, Best ETF of 2026
BWET•Breakwave Tanker Shipping ETF has surged 743% in 2026, making it the top-performing ETF of the year. That gain narrowly outpaces the Direxion Daily MU Bull 2X ETF’s 712% rise, highlighting BWET’s exceptional leverage-driven returns.
1. Performance Surge
Breakwave Tanker Shipping ETF has delivered a 743% return so far in 2026, making it the highest-performing ETF among single-stock and sector strategies this year.
2. Leverage Mechanics
BWET employs 2x leverage on a basket of tanker shipping stocks, amplifying both gains and volatility; this structure can generate outsized returns when directional bets on shipping rates pay off.
3. Comparison with Peer ETFs
Its 743% gain slightly outpaces the Direxion Daily MU Bull 2X ETF’s 712% advance, yet BWET’s assets remain below the $5 billion threshold that MUU recently crossed with $5.4 billion under management.
4. Risk Factors
Leveraged ETFs like BWET face volatility decay and financing costs that can erode returns if shipping rates stall or reverse, making sustained momentum critical to maintaining its performance edge.
