---
title: "Forget the 600% tanker fund. This shipping ETF rode the same boom, pays dividends, and won’t implode"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293126278.md"
description: "The Breakwave Tanker Shipping ETF (BWET) surged nearly 1,000% due to high freight rates but faces structural risks like a 3.50% expense ratio and contango losses. In contrast, the SonicShares Global Shipping ETF (BOAT) offers lower fees (0.69%), quarterly dividends, and exposure to shipping equities rather than futures. While BOAT provides income and stability, it offers lower volatility and returns compared to BWET's leveraged futures approach."
datetime: "2026-07-19T13:45:48.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293126278.md)
  - [en](https://longbridge.com/en/news/293126278.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293126278.md)
---

# Forget the 600% tanker fund. This shipping ETF rode the same boom, pays dividends, and won’t implode

Quick ReadBWET's 995% YTD surge came from wet freight futures, but its 3.50% fee and zero dividends make BOAT a more sustainable hold.BOAT's most recent quarterly dividend jumped to $1.01 from $0.43 the prior quarter, funded by cash returns from Frontline and Maersk.Selling BWET in a taxable account triggers ordinary-income tax on short-term gains,...

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- [BOAT.US](https://longbridge.com/en/quote/BOAT.US.md)
- [BWET.US](https://longbridge.com/en/quote/BWET.US.md)
- [FRO.US](https://longbridge.com/en/quote/FRO.US.md)

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