Shipping ETF emerges after sinking to 7-month low

After plunging to a 7-month low on November 16, 2021, the Breakwave Dry Bulk Shipping ETF (BDRY) registers a cumulative gain of +26% the rest of the week. The BDRY is down -17.48% in November, and on path to register its second straight monthly loss (October -16.58%), and perhaps its biggest of the year.

The BDRY invests in freight futures exclusively focusing on dry bulk shipping and was one of the best performing ETFs this year, up by almost +450% as of October 6th, 2021. Overwhelming shipment orders in post-pandemic economic recoveries caused port congestions and supply bottlenecks that lifted rates of capesize, panamax, supramax and handysize vessels.

However, rates have been falling lately on concerns over the health of the Chinese economy. The current Baltic dry index is at $2,552, 55% lower from $5,650, a 13-year high. Despite the mediocre performance in the last couple of months, BDRY is still up by more than 150% this year.

Find and compare over 7,000 ETFs with our free tools:  

• ETF Screener  
• ESG Investing  
• Thematic Investing
• Download Trackinsight Global ETF Survey 2021  

Interested in seeing lists of top performing ETFs? Check out our new Investing Guides:

• Investing in Gold ETFs
• Investing in Silver ETFs
• Investing in Commodity ETFs
• Investing in Oil ETFs
• Investing in ESG ETFs