Which returned more over the last year, BIL or BWET?

In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and BWET +5,121.7%.

Which is cheaper, BIL or BWET?

BIL is cheaper, by 4.54 percentage points a year. That is about $454 on $10,000 held for a year. Fees come from each fund's own filings.

Data as of Oct 28, 2026.

Across categories

BIL vs BWET: Differences, Returns & Fees

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BIL is a short-term Treasury fund and BWET a commodity futures fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +3.7%.

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Net assets: $48.7bn on Oct 27, 2026 for SPDR Bloomberg 1-3 Month T-Bill ETF, and $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF.

BIL on its own →BWET on its own →

At a glance

+3.7%

BIL total return, 1 year

+5,121.7%

BWET total return, 1 year

0.14%

BIL expense ratio

4.68%

BWET expense ratio

Pair scorecard

BIL costs 4.54 points a year less; their one-year returns differ by 5118.0 points; BIL is far larger, $49.8bn against $186m.

BIL vs BWET: Differences, Returns & Fees
Measure	BIL	BWET
Return
Measure	BIL	BWET
Total return, 1 year	+3.7%	+5,121.7%
Drawdown
Measure	BIL	BWET
Below its high		11.2%, high on Oct 8, 2026
Benchmark
Measure	BIL	BWET
What it tracks	Bloomberg 1-3 Month U.S. Treasury Bill Index	Tanker freight futures
Cost and size
Measure	BIL	BWET
Expense ratio	0.14%	4.68%
Net assets, as of Oct 26, 2026	$49.8bn	$186m
Holdings
Measure	BIL	BWET
Holdings in common	not published

Method

Side by side

BIL SPDR Bloomberg 1-3 Month T-Bill ETF BWET Breakwave Tanker Shipping ETF

Where it sits Bond ETF Commodity ETF

Issuer State Street Breakwave

What it is Tracks an index of 1-3 month T-bills Holds tanker freight futures

Total return, 1 year +3.7% +5,121.7%

Expense ratio 0.14% 4.68%

Holdings 26 not counted

Net assets, BIL as of Oct 27, 2026 and BWET as of Oct 28, 2026 $48.7bn $178m

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

Alert

About each fund

BIL

BIL tracks an index of 1-3 month T-bills. Over the year to Oct 28, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.14% a year.

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, BIL or BWET?: In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and BWET +5,121.7%.
Which is cheaper, BIL or BWET?: BIL is cheaper, by 4.54 percentage points a year. That is about $454 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

BIL vs USO BIL vs SIVR BIL vs SLV BIL vs GLDM BWET vs SHV BWET vs PULS BWET vs USFR BWET vs MINT

Where to next

BIL on its own →BWET on its own →Hold both: look the portfolio through →Rankings →BIL dividend history →BIL holdings →Standards and sources →

Sources and dates

BIL filings on SEC EDGAR ↗

BIL prospectus with the expense ratio (SEC) ↗

State Street website ↗

Breakwave page for BWET ↗

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

Cite this pageCitation, APA and Markdown

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

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.