Breakwave Dry Bulk Shipping ETF (BDRY) Performance
BDRY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +43.8% since Dec 31, 2025
- 1 year
- +61.3% total return
- 5 years
- −17.1% a year
- Since first price
- −7.9% a year since 2018
BDRY trailing returns vs SPY, QQQ, AGG
| Period | BDRY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −21.0% | −21.0% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.6% | −0.6% | +3.2% | +1.9% | −0.4% |
| 6 months | +11.2% | +11.2% | +7.8% | +8.4% | −1.5% |
| YTD | +43.8% | +43.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +61.3% | +61.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +127.6%+31.5%/yr | +127.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −60.8%−17.1%/yr | −60.8% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionMar 22, 2018 | −50.6%−7.9%/yr | −50.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: BDRY vs SPY
From Mar 22, 2018: BDRY grew to $4,943, SPY to $32,782.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BDRY returns by calendar year
3 of 7 full years positive. Best 2021 (+283.0%), worst 2022 (−68.8%). 2026 is year to date.
BDRY annual returns table
| Year | BDRY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +43.8% | −26.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +44.2% | −28.6% | +17.7% | +20.8% | +7.2% |
| 2024 | −47.4% | −66.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +25.8% | −57.4% | +26.2% | +54.9% | +5.7% |
| 2022 | −68.8% | −75.8% | −18.2% | −32.6% | −13.0% |
| 2021 | +283.0% | −52.7% | +28.7% | +27.4% | −1.8% |
| 2020 | −50.2% | −72.0% | +18.3% | +48.6% | +7.5% |
| 2019 | −15.0% | −49.9% | +31.2% | +39.0% | +8.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
BDRY largest drawdowns
Now 69.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 6, 2021 | −89.2% | Jul 19, 2023 | not yet | 1.8 years | 5.0 years so far |
| Aug 21, 2018 | −84.7% | May 13, 2020 | May 4, 2021 | 1.7 years | 2.7 years |
| Mar 22, 2018 | −26.6% | May 29, 2018 | Aug 21, 2018 | 2 months | 5 months |
| Jun 16, 2021 | −23.2% | Jul 14, 2021 | Aug 23, 2021 | 28 days | 2 months |
| May 10, 2021 | −20.5% | May 17, 2021 | Jun 11, 2021 | 7 days | 32 days |
| Aug 26, 2021 | −12.5% | Sep 7, 2021 | Sep 13, 2021 | 12 days | 18 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
BDRY risk statistics
| Statistic | 3 years | 5 years | Since 2018 |
|---|---|---|---|
| Annualized return | +38.4% | −16.6% | −5.1% |
| Volatility (annualized) | 70.0% | 67.5% | 70.0% |
| Sharpe ratio | 0.69 | -0.02 | 0.21 |
| Sortino ratio | 1.70 | -0.03 | 0.36 |
| Best month | +86.2% | +86.2% | +86.2% |
| Worst month | −30.4% | −36.9% | −36.9% |
| Best 12 months | +149.3% | +149.3% | +394.6% |
| Worst 12 months | −58.0% | −76.4% | −76.4% |
| Positive months | 47% | 43% | 45% |
| Beta vs S&P 500 | 2.75 | 1.01 | — |
| Correlation with S&P 500 | 0.49 | 0.23 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
BDRY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 92 | −76.4% | −16.3% | +394.6% | 45% |
| 3-year (a year) | 68 | −40.9% | +1.9% | +46.8% | 51% |
| 5-year (a year) | 44 | −28.1% | −10.1% | +8.2% | 20% |
Every holding period starting at a month-end since 2018. Returns for 3 years and longer are annualized.
BDRY performance overview
Breakwave Dry Bulk Shipping ETF (BDRY) returned +61.3% over the past year and −17.1% a year over five years, with distributions reinvested. Since its first recorded price in 2018 it has returned −7.9% a year, turning $10,000 into about $4,943. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −89.2%, from Oct 6, 2021 to Jul 19, 2023; the fund has not yet regained that high. BDRY finished 3 of its 7 full calendar years with a gain; the best year was 2021 (+283.0%) and the worst 2022 (−68.8%). Volatility has been 70.0% a year.
Related: BDRY chart. See the BDRY overview for the latest quote and fund facts.
BDRY performance FAQ
What is the BDRY return over the past year?
BDRY returned +61.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 61.3%.
What is the average annual return of BDRY?
BDRY has returned −17.1% a year over 5 years, −7.9% a year since March 22, 2018 (total return, distributions reinvested).
How much would $10,000 invested in BDRY be worth?
$10,000 invested in BDRY at its first recorded close on March 22, 2018 would be worth about $4,943 on October 23, 2026 with distributions reinvested.
What was the worst year for BDRY?
The worst calendar year was 2022, with a total return of −68.8%. The best was 2021 at +283.0%.
What is the biggest drawdown of BDRY?
The largest peak-to-trough decline was −89.2% between October 6, 2021 and July 19, 2023. It has not yet recovered to that high; it is 69.6% below its peak.
How volatile is BDRY?
Over the past 3 years BDRY had an annualized volatility of 70.0% and a Sharpe ratio of 0.69 (excess return over 1–3 month T-bills per unit of risk).