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BDRY - Breakwave Dry Bulk Shipping ETF: A Candidate For Davy Jones' Locker
Breakwave Dry Bulk Shipping
BDRY uses futures based on the Baltic Dry Shipping Rate Indices which are based on shipping rates for bulk commodities.
In theory, this ETF should parallel the movement of world economic activity but that doesn’t seem to be the case.
Since its launch in 2018, BDRY’s ship-without-a-rudder performance has me Very Bearish on this ETF even though it has doubled in 2021 (maybe even more so then).