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Data as of Oct 28, 2026.

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AOR vs BWET: Differences, Returns & Fees

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AOR is an equity index fund and BWET a commodity futures fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +7.8%.

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Net assets on Oct 28, 2026: $3.9bn for iShares Core 60/40 Balanced Allocation ETF and $178m for Breakwave Tanker Shipping ETF.

AOR on its own →BWET on its own →
At a glance
+7.8%
AOR total return, 1 year
+5,121.7%
BWET total return, 1 year
0.15%
AOR expense ratio
4.68%
BWET expense ratio

Pair scorecard

AOR costs 4.53 points a year less; their one-year returns differ by 5113.9 points; AOR is far larger, $3.9bn against $178m.

AOR vs BWET: Differences, Returns & Fees
MeasureAORBWET
Return
Total return, 1 year+7.8%+5,121.7%
Drawdown
Below its high11.2%, high on Oct 8, 2026
Benchmark
What it tracks60/40 Balanced AllocationTanker freight futures
Cost and size
Expense ratio0.15%4.68%
Net assets$3.9bn$178m
Holdings
Holdings in commonnot published
In the S&P 500, by weight0%
Holdings datedOct 27, 2026
Top ten holdings, share of the fund99.9%

Method

Side by side

AOR iShares Core 60/40 Balanced Allocation ETF BWET Breakwave Tanker Shipping ETF
Where it sits Allocation ETF Commodity ETF
Issuer iShares Breakwave
What it is Tracks an index of 60/40 Balanced Allocation Holds tanker freight futures
Total return, 1 year +7.8% +5,121.7%
Its benchmark over the same days +13.4% (ACWI) not measured
Gap to its benchmark −5.6 pts vs ACWI not measured
Expense ratio 0.15% 4.68%
Holdings 7 not counted
Net assets $3.9bn $178m

AOR and BWET on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
AOR

AOR tracks an index of 60/40 Balanced Allocation. Over the year to Oct 28, 2026 it returned +7.8% with distributions reinvested, against +13.4% for its benchmark, the MSCI All Country World Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 7 positions, with the top ten at 99.9%.

BWET

Its expense ratio is 4.68%, for the year to Jun 30, 2026, as its 10-K states.

BWET holds tanker freight futures. Over the year to Oct 28, 2026 it returned +5,121.7% with distributions reinvested. It sat 11.2% below its high of Oct 8, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, AOR or BWET?
In the year to Oct 28, 2026, with distributions reinvested, AOR returned +7.8% and BWET +5,121.7%.
Which is cheaper, AOR or BWET?
AOR is cheaper, by 4.53 percentage points a year. That is about $453 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
AOR vs USOAOR vs SIVRAOR vs SLVAOR vs GLDMBWET vs CGBLBWET vs IYRBWET vs HYMBBWET vs FXI
Where to next
AOR on its own →BWET on its own →Hold both: look the portfolio through →Rankings →AOR dividend history →AOR holdings →Standards and sources →
Sources and dates
AOR filings on SEC EDGAR ↗
AOR prospectus with the expense ratio (SEC) ↗
iShares page for AOR ↗
Breakwave page for BWET ↗

Links are sources, not endorsements. A comparison is not a recommendation.

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ETFIQ, AOR against BWET, data as of Oct 28, 2026. https://etfiq.com/compare/any/aor-vs-bwet

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