Data as of Oct 28, 2026.

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AVEM vs BWET: Differences, Returns & Fees

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AVEM is an actively managed equity fund and BWET a commodity futures fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +17.9%.

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Net assets: $27.3bn on Oct 27, 2026 for Avantis Emerging Markets Equity ETF, and $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF.

At a glance
+17.9%
AVEM total return, 1 year
+5,121.7%
BWET total return, 1 year
0.33%
AVEM expense ratio
4.68%
BWET expense ratio

Pair scorecard

AVEM costs 4.35 points a year less; their one-year returns differ by 5103.8 points; AVEM is far larger, $26.8bn against $186m.

AVEM vs BWET: Differences, Returns & Fees
MeasureAVEMBWET
Return
Total return, 1 year+17.9%+5,121.7%
Drawdown
Below its high10.2%, high on Jun 22, 202611.2%, high on Oct 8, 2026
Benchmark
What it tracksNo index, actively managedTanker freight futures
Cost and size
Expense ratio0.33%4.68%
Net assets, as of Oct 26, 2026$26.8bn$186m
Holdings
Holdings in commonnot published
In the S&P 500, by weight0%
Top ten holdings, share of the fund28.7%

Method

Side by side

AVEM Avantis Emerging Markets Equity ETF BWET Breakwave Tanker Shipping ETF
Where it sits Stock ETF Commodity ETF
What it is Actively managed Holds tanker freight futures
Total return, 1 year +17.9% +5,121.7%
Expense ratio 0.33% 4.68%
Holdings 4088 not counted
Net assets, AVEM as of Oct 27, 2026 and BWET as of Oct 28, 2026 $27.3bn $178m

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

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About each fund
AVEM

AVEM is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +17.9% with distributions reinvested. The prospectus expense ratio is 0.33% 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 4,088 positions, with the top ten at 28.7%. It sat 10.2% below its high of Jun 22, 2026 on Oct 28, 2026.

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, AVEM or BWET?
In the year to Oct 28, 2026, with distributions reinvested, AVEM returned +17.9% and BWET +5,121.7%.
Which is cheaper, AVEM or BWET?
AVEM is cheaper, by 4.35 percentage points a year. That is about $435 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
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ETFIQ, AVEM against BWET, data as of Oct 28, 2026. https://etfiq.com/compare/any/avem-vs-bwet

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