The one-year yield of exchange-traded funds (ETFs), which follow oil tanker fares, has exceeded four..

The one-year yield of exchange-traded funds (ETFs), which follow oil tanker fares, has exceeded four digits as the war in Iran is prolonged.

According to the financial investment industry on the 5th, “Breakwave Tanker Shipping (BWET),” which is traded on the U.S. stock market as of the 2nd (local time) The ETF is up 605% from the start of the year. The one-year increase rate reaches 1,121%. BWET, the only oil tanker ETF in the U.S., is the dominant gainer among all ETFs, including leveraged and inverse products, in the U.S. market this year.

BWET is managed by Amplify, a small and medium-sized U.S. asset management company, and invests in the futures of the Baltic Exchange’s tanker freight index. 90% of the portfolio will be allocated to VLCC, while the remaining 10% will be allocated to Suezmax, a half-sized tanker in VLCC.

After the U.S.-Israel airstrikes on Iran, tanker fares soared sharply when Iran pulled out its card to block the Strait of Hormuz. The Strait of Hormuz is the sea between Iran and Oman’s Musandam Peninsula, accounting for 20-30% of global crude oil shipments.

Eric Balchunas, an ETF analyst at Bloomberg Intelligence (BI), said, “It will be the first time that a non-leverage ETF has a four-digit one-year yield,” adding, “Despite the recent increase in trading volume, this ETF is not attracting attention in the market, because it is unfamiliar to speculative traders.”

Related tensions are also showing signs of easing, with French and Japanese ships passing through the Strait of Hormuz recently. According to Bloomberg, weekly transits to the Strait of Hormuz between March 28 and April 3 reached their highest since the war. BWET surged 13% on the 2nd, the first trading day after U.S. President Donald Trump predicted a massive strike on Iran within the next two to three weeks.