(BWET) ETF Managers Commodity - NYSE
ETF Category: Commodities Focused | Exchange: NYSE (USA) | Market Cap: 30m USD | Total Return: 1594.3% in 12m
Avg Turnover: 30.1M
Warnings
No concerns identified
Tailwinds
Rs Leader, Idiosyncratic Leader, Tailwind
The ETF Managers Group Commodity Trust I (BWET) provides exposure to the crude oil maritime shipping market through freight futures. The fund tracks reference indices published by the Baltic Exchange, which measure daily charter rates for specific vessel sizes and global shipping routes. This mechanism allows investors to gain exposure to the cost of transporting raw energy commodities without owning physical vessels.
The maritime freight sector is highly cyclical and sensitive to global trade volumes, geopolitical shifts, and fuel price volatility. Freight futures serve as a critical hedging tool for shipowners and oil traders to manage the risk of fluctuating transportation costs. Investors can examine detailed performance metrics and historical trends for this asset class on ValueRay.
BWET is a micro-cap commodity ETF launched in May 2023. Its performance is fundamentally linked to the supply of available tankers versus the global demand for crude oil distribution.
- Global crude oil demand shifts drive tanker charter rates
- Geopolitical tensions in maritime corridors impact freight futures volatility
- OPEC+ production cuts reduce demand for long-haul crude transport
- Fleet supply growth and vessel scrapping rates influence shipping capacity
As of June 20, 2026, the stock is trading at USD 211.96 with a total of 93,200 shares traded.
Over the past week, the price has changed by +10.96%,
over one month by +11.18%,
over three months by +165.38% and
over the past year by +1594.32%.
ETF Managers Commodity has no consensus analysts rating.