XLE News & Analysis
2 articles
Market Mood
Breakwave Tanker ETF (BWET) Surges Over 600% Amid Geopolitical Tensions
The Breakwave Tanker Shipping ETF (BWET) has increased over 600% year-to-date due to rising crude oil tanker freight costs amid ongoing geopolitical tensions. This ETF, launched in May 2023 and currently valued at $30 million, is capturing investor interest as traditional energy stocks like the U.S. Oil Fund (USO) rose close to 90% and the SPDR State Street Energy Select Sector ETF (XLE) increased over 23%. The Baltic Exchange Dry Index also recorded a 41% gain this year. The focus on shipping costs signifies a shift in investor strategy regarding energy volatility and infrastructure investments.
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XLK and XLE ETF Strategy Yields Positive Returns Since 2020
Billionaire investor John Arnold highlighted his investment approach via a recent tweet, showcasing the performance of the Select Sector SPDR ETFs, XLK and XLE, from 2020 to 2026 YTD. The 50/50 split of these ETFs recorded year-over-year positive returns in six out of seven years, notably outperforming the SPDR S&P 500 ETF Trust (SPY) in four of those years. For 2022, the 50/50 split maintained a positive return while the SPY reported a -19.5% decline. As of 2026 YTD, the 50/50 split showed a -8% performance compared to SPY's -7%.
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