Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.

ETFIQetfiq.com · independent ETF data

BWET vs IALT: how they differ

BWET is a commodity fund and IALT an equity index fund.

Breakwave Tanker Shipping ETF and iShares Systematic Alternatives Active ETF.

BWET and IALT on the fields both publish, as of Sep 12, 2026. Source: ETFIQ.
	BWET Breakwave Tanker Shipping ETF	IALT iShares Systematic Alternatives Active ETF
Where it sits	Core index fund	Core index fund
Issuer	Breakwave	iShares
What it is	Tanker Shipping	Systematic Alternatives Active
Total return, 1 year	+5129.6%	+17.4%
S&P 500 over the same days	+17.5%	+12.1%
Gap to the S&P 500	+5112.1 pts	+5.4 pts
Holdings	not filed	8

BWET in plain words

BWET is a commodity fund tracking the Tanker Shipping. Over the year to Sep 11, 2026 it returned +5129.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100.

IALT in plain words

IALT is an index equity fund tracking the Systematic Alternatives Active. By its holdings filed for Apr 30, 2026, 55% of the fund by weight is stocks the S&P 500 also holds, across 8 positions, with the top ten at 100.0%.

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Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

BWET against IALT, ETFIQ, data as of Sep 12, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, BWET against IALT, data as of Sep 12, 2026. https://etfiq.com/compare/any/BWET-IALT Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources