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ETFs

Breakwave Tanker Shipping ETF

BWET
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 03 2023
Expense Ratio
3.50%
Type
Global Diversified
Fund Owner
ETF Managers Group
Volume (1m avg. daily)
$105,130
AUM
$2,727,872
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
100.00%
n/a
Derivatives offset
-139.64%
Invest with BWET

What is BWET?

BWET provides long exposure to the crude oil tanker shipping market through a portfolio of near-dated futures contracts on indices that measure the cost of shipping crude oil. Futures reflect market expectations for the future cost of transporting crude oil. The first and only freight futures exchange-traded product exclusively focused on crude oil tanker freight rates.

ETFs related toBWET

ETFs correlated to BWET include LONZ, EWQ, NUDM

BWET
ETF Managers Group Commodity Trust I - Breakwave Tanker Shipping ETF
LONZ
Pimco Exchange Traded Fund - PIMCO Senior Loan Active ExchangeTraded Fund
EWQ
BlackRock Institutional Trust Company N.A. - iShares MSCI France ETF
NUDM
Nuveen Fund Advisors LLC - Nuveen ESG International Developed Markets Equity ETF
EPOL
BlackRock Institutional Trust Company N.A. - iShares MSCI Poland ETF
EWG
BlackRock Institutional Trust Company N.A. - iShares MSCI Germany ETF
IMTM
BlackRock Institutional Trust Company N.A. - iShares MSCI Intl Momentum Factor ET
EWI
BlackRock Institutional Trust Company N.A. - iShares MSCI Italy ETF
EFAV
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Min Vol Factor ETF
DNL
WisdomTree Trust - WisdomTree Global ex-U.S. Quality Dividend Growth Fund
CCOR
Listed Funds Trust - Core Alternative ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toBWET

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

Create your own algorithmic trading strategy with BWET using Composer

FAQ

BWET is a Global Diversified ETF. BWET provides long exposure to the crude oil tanker shipping market through a portfolio of near-dated futures contracts on indices that measure the cost of shipping crude oil. Futures reflect market expectations for the future cost of transporting crude oil. The first and only freight futures exchange-traded product exclusively focused on crude oil tanker freight rates.

Yes, BWET is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, BWET is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BWET is -0.0408%. This is the percent change in the value of BWET over the most recent 1-month period. The 3-month return on BWET is -0.0043%. This is the percent change in the value of BWET over the most recent 3-month period.

ETFs similar to BWET include AOR, DRSK, and FPEI.

ETFs correlated to BWET include LONZ, EWQ, and NUDM.

ETFs that are inversely correlated to BWET include LGRO, GAUG, and TSLR.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.