BDRY
Breakwave Dry Bulk Shipping ETF
BDRY tracks an index of long-only exposure to the nearest calendar quarter of dry bulk freight futures contracts on specified indexes.
Exposure
DERIVATIVES
Active
MANAGEMENT STYLE
$ 40.2 M
ASSETS UNDER MGMT
350 bp
EXPENSES
Fund Basics
| Inception date | Mar 22, 2018 |
| Regulation | |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | |
| Derivatives-based | Yes |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| CASH & OTHER | 100.0 % |
| CAPESIZE 5TC FFA 180KT TIMECHARTER AVERAGE M | 19.3 % |
| CAPESIZE 5TC FFA 180KT TIMECHARTER AVERAGE M | 17.3 % |
| PANAMAX 5TC FFA 82KT TIMECHARTER AVERAGE M JU | 14.6 % |
| PANAMAX 5TC FFA 82KT TIMECHARTER AVERAGE M MA | 14.3 % |
| CAPESIZE 5TC FFA 180KT TIMECHARTER AVERAGE M | 6.8 % |
| CAPESIZE 5TC FFA 180KT TIMECHARTER AVERAGE M | 6.7 % |
| CAPESIZE 5TC FFA 180KT TIMECHARTER AVERAGE M | 6.6 % |
| PANAMAX 5TC FFA 82KT TIMECHARTER AVERAGE M JU | 5.7 % |
| PANAMAX 5TC FFA 82KT TIMECHARTER AVERAGE M AU | 5.5 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 33.6% | 103.3% | -4.0% | 10.2% | -13.9% | -- | -- | -9.1% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -- | -- | 0.0% |
| Total Returns | 33.6% | 103.3% | -4.0% | 10.2% | -13.9% | -- | -- | -9.1% | Ann. Volatility | 45.5% | 42.4% | 47.7% | 53.6% | 61.7% | -- | -- | 63.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | -0.04 | 0% |
| MSCI EAFE | -0.11 | 0% |
| MSCI Emg Mkts | -0.03 | 0% |
Liquidity Measures
| Avg. volume (000) | 96 |
| ADV traded (mns) | $1 |
| Turnover | 3.0% |
| Avg. Bid/Ask (% of price) | 1.14% |
Technical Indicators
| 30d moving avg. (EMA) | $12.04 |
| Relative strength (RSI) | 58 |
| MACD/Signal | 0.39/0.45 |
| Bollinger Bands (Upper/Lower) | $13.51/$11.14 |
| Short interest (% of AUM) | 5.5% |
Distributions
Bid/Ask Spreads
114 bp
AVG SPREAD
15 —
439 bp
RANGE