Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
Upturn AI SWOT - About
Breakwave Dry Bulk Shipping ETF (BDRY)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
07/29/2025: BDRY (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit 80.04% | Avg. Invested days 30 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 07/29/2025 |
Key Highlights
Volume (30-day avg) - | Beta 1.4 | 52 Weeks Range 5.03 - 12.29 | Updated Date 06/29/2025 |
52 Weeks Range 5.03 - 12.29 | Updated Date 06/29/2025 |
Upturn AI SWOT
Breakwave Dry Bulk Shipping ETF
ETF Overview
Overview
The Breakwave Dry Bulk Shipping ETF (BDRY) offers exposure to the daily change in the price of dry bulk freight futures, specifically those tied to Capesize, Panamax, and Supramax vessels. It does not invest directly in shipping companies or physical dry bulk commodities. The fund's strategy is based on the expectation that freight rates will fluctuate based on supply and demand in the shipping industry.
Reputation and Reliability
Breakwave Advisors is a smaller, specialized ETF issuer focused on commodity-linked investments. Their reputation is tied to the performance of their niche funds, with limited overall track record compared to larger ETF providers.
Management Expertise
The management team possesses expertise in shipping and commodity markets, specifically related to dry bulk freight futures. They actively manage the fund's exposure to these futures contracts.
Investment Objective
Goal
To provide investors with exposure to the daily change in the price of dry bulk freight futures.
Investment Approach and Strategy
Strategy: The ETF tracks a portfolio of near-dated dry bulk freight futures contracts, aiming to replicate the performance of the spot market rates. It is an actively managed fund.
Composition The ETF's assets primarily consist of futures contracts on dry bulk freight rates. It invests in a mix of Capesize, Panamax, and Supramax vessel freight futures contracts with nearby expirations.
Market Position
Market Share: BDRY holds a significant portion of the market share in the niche dry bulk shipping ETF segment.
Total Net Assets (AUM): 72660000
Competitors
Key Competitors
- SEA (SEA)
- None (NA)
Competitive Landscape
BDRY operates in a specialized area. The competitive landscape is limited as BDRY is one of the first movers. BDRY offers direct exposure to freight futures, making it attractive to certain investors. The disadvantage is higher volatility from reliance on futures prices.
Financial Performance
Historical Performance: Historical performance is volatile due to the nature of freight futures. The fund experiences significant fluctuations based on the supply and demand dynamics of the shipping industry.
Benchmark Comparison: There isn't a direct benchmark index for this fund, as it tracks dry bulk freight futures. Its performance is often compared to spot rates in the dry bulk shipping market.
Expense Ratio: 0.0343
Liquidity
Average Trading Volume
The ETF's average trading volume varies significantly depending on market interest and volatility.
Bid-Ask Spread
The bid-ask spread can be wide, especially during periods of low trading volume, impacting the cost of trading.
Market Dynamics
Market Environment Factors
Economic growth in developing nations, global trade volumes, and changes in shipping capacity significantly influence the demand for dry bulk shipping, impacting the ETF's performance. Geopolitical events and weather patterns also play a role.
Growth Trajectory
The ETF's growth is tied to the volatility and overall trend in dry bulk freight rates, with changes to holdings occurring as futures contracts expire and new ones are added.
Moat and Competitive Advantages
Competitive Edge
BDRY's competitive advantage is its direct exposure to dry bulk freight futures, providing a tool for investors to speculate on or hedge against changes in shipping rates. This focused approach differentiates it from broader shipping or commodity ETFs. The fund's unique structure allows it to capture short-term movements in freight rates that other investments may miss. However, this specificity also introduces higher volatility and risk.
Risk Analysis
Volatility
BDRY exhibits high volatility due to the inherent fluctuations in freight futures prices, making it a high-risk investment.
Market Risk
The ETF is highly sensitive to global economic conditions, trade policies, and supply-demand imbalances in the dry bulk shipping industry, making it subject to substantial market risk.
Investor Profile
Ideal Investor Profile
The ideal investor is a sophisticated trader or institutional investor with a high-risk tolerance and a strong understanding of the dry bulk shipping industry and freight futures markets.
Market Risk
This ETF is best suited for active traders or short-term speculators looking to capitalize on short-term movements in freight rates. It is not suitable for long-term investors seeking stable returns.
Summary
The Breakwave Dry Bulk Shipping ETF (BDRY) offers a unique way to access the dry bulk shipping market through freight futures. Its performance is closely tied to the volatile nature of shipping rates. It is best for experienced traders who understand the risks and dynamics of freight futures. Investors should approach it with caution, as it can be highly speculative. Due to its volatility, BDRY is not suitable for all investors.
Peer Comparison
Sources and Disclaimers
Data Sources:
- ETF provider websites
- Financial news outlets
- Market data providers
Disclaimers:
This data is for informational purposes only and should not be considered investment advice. Investing in ETFs involves risk, including the potential loss of principal. Past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Breakwave Dry Bulk Shipping ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund seeks to achieve its investment objective by investing substantially all of its assets in the Freight Futures currently constituting the Benchmark Portfolio. The Benchmark Portfolio includes a combination of Capesize, Panamax and Supramax Freight Futures.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.