What this ETF is trying to do

The Breakwave Tanker Shipping ETF (ticker: BWET) is an exchange-traded fund that trades on the NYSE.

Top Holdings

As of the most recent update, the ETF has one reported holding:

• INVESCO SHRT-TRM INV GOV&AGCY INSTL (19.19%)

Please note that holdings can change over time.

What the numbers show

The current price for one share of BWET is $888.00. An estimated price from roughly one year ago was about $14.27.

The ETF has shown very large price changes recently:

• Year-to-date (YTD) price return: approximately 4509.49%

• One-year price return: approximately 6123.72%

• Three-year price return: approximately 6259.62%

The "total return" measures the change in share price plus any cash paid out to investors. In this case, the total returns match the price returns because no distributions were made.

Income and distribution explanation

Some investors buy ETFs to receive regular cash payments, known as distributions. The distribution yield tells you how much cash an ETF pays relative to its price. For BWET, the distribution yield is 0%. No distributions were detected over the last 12 months.

NAV erosion explanation

"NAV erosion" is a term used to describe when the value of the underlying assets in an ETF drops. StockValueFinder uses an "erosion-risk score" to help measure this risk. For BWET, the erosion score is 100, and the label says "No price erosion detected." The severity is rated as "good," and there is no severe erosion-risk flag.

Pros

• The ETF has shown very high price returns over the last year and three years.

• According to the data, there is no price erosion detected.

Cons

• This ETF does not currently provide cash income, as it has a 0% distribution yield.

Beginner takeaway

BWET has experienced massive growth in its share price over the last few years. However, if you are looking for an investment that pays you regular cash, this ETF did not provide any distributions in the last year.