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BWET: World's Top-Performing ETF This Year

Bloomberg Markets
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⚡ Quantum Brief
The Breakwave Tanker Shipping ETF (BWET) surged Monday, becoming the world’s top-performing non-leveraged ETF in 2026 with nearly 200% year-to-date returns, driven by soaring oil-shipping costs amid escalating Iran conflicts. Geopolitical tensions in the Strait of Hormuz—where traffic has nearly halted—sparked oil and gasoline price spikes, boosting tanker demand and BWET’s rally as supply chain disruptions intensify. Global markets reacted sharply: equities and Treasuries fell as the US-Iran conflict deepened, with analysts warning energy supply risks are at unprecedented levels amid widening regional strikes. Israel expanded airstrikes on Hezbollah in Lebanon and Iran, while Iran’s long-range strike capabilities and US fatalities in operations escalated fears of prolonged conflict and further shipping disruptions. China condemned US-Israel strikes as “unacceptable,” adding diplomatic pressure as airlines cancel flights and travel chaos spreads, compounding economic fallout from the energy crisis.
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Mar 2nd, 2026BWET: World's Top-Performing ETF This YearBreakwave Tanker Shipping ETF (ticker: BWET) is soaring in Monday's trading session. Rising oil-shipping costs amid the conflict in Iran is driving the rally. The ETF is currently the world's best-performing non-leveraged ETF with year-to-date returns nearing 200%. On "Bloomberg ETF IQ," Katie Greifeld and Eric Balchunas report.Duration:4:08Israel Opens Up New Front in War With HezbollahDuration:10:29Secretary Hegseth Says This Will Not Be an Endless WarDuration:4:13Oil and Gasoline Prices Spike as War Disrupts ShipmentsDuration:3:55Jeff Currie Says Risks to Energy Supply Have Never Been So HighDuration:3:06Equities, Treasuries Fall as US-Iran Conflict Rattles MarketsThe Opening TradeDuration:1:26Iran Does Have Long-Strike Capabilities, Hegseth SaysDuration:1:04Explosions in Beirut as Israel Attacks Hezbollah TargetsDuration:1:04Travel Chaos Widens as Airlines Cancel FlightsDuration:1:35Netanyahu Says Israeli Strikes on Iran to ‘Increase’Daybreak: EuropeDuration:4:03Oil Surges as Strait of Hormuz Traffic All But HaltedDuration:0:39Trump Announces First US Fatalities of Iran OperationsDuration:2:59China Calls US-Israel Strikes on Iran 'Unacceptable'Available on:Listen onApple TVListen onRokuListen onSamsung TVListen onFire TVListen onAndroid TVListen onRakuten TVListen onHaystack NewsWatch BTV in your area:Channel Finder

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energy-climate
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Source: Bloomberg Markets

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