BWET ETF Up More Than1,600% in 2026: Here's Why It's Beating QQQ and SPY
benzinga_article·
- The Breakwave Tanker Shipping ETF surged over 1,600 % in 2026, significantly outperforming major funds like SPY and QQQ.
- This massive growth was driven by the ongoing US-Iran war and subsequent disruptions in the Strait of Hormuz, which propelled crude oil tanker shipping prices and freight costs to record highs.
- Despite these gains, technical indicators such as an RSI of 82 suggest the fund is overbought and faces potential mean reversion risks.
