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Data as of Oct 28, 2026.

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BOND vs BWET: Differences, Returns & Fees

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BOND is an actively managed bond fund and BWET a commodity futures fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against −1.4%.

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Net assets: $8.3bn on Jun 30, 2026 for PIMCO Active Bond Exchange-Traded Fund, and $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF.

BOND on its own →BWET on its own →
At a glance
−1.4%
BOND total return, 1 year
+5,121.7%
BWET total return, 1 year
0.54%
BOND expense ratio
4.68%
BWET expense ratio

Pair scorecard

BOND costs 4.14 points a year less; their one-year returns differ by 5123.1 points.

BOND vs BWET: Differences, Returns & Fees
MeasureBONDBWET
Return
Total return, 1 year−1.4%+5,121.7%
Drawdown
Below its high3.1%, high on Feb 27, 202611.2%, high on Oct 8, 2026
Benchmark
What it tracksNo index, actively managedTanker freight futures
Cost and size
Expense ratio0.54%4.68%
Net assets, BOND as of Jun 30, 2026 and BWET as of Oct 28, 2026$8.3bn$178m
Holdings
Holdings in commonnot published

Method

Side by side

BOND PIMCO Active Bond Exchange-Traded Fund BWET Breakwave Tanker Shipping ETF
Where it sits Bond ETF Commodity ETF
Issuer PIMCO Breakwave
What it is Actively managed Holds tanker freight futures
Total return, 1 year −1.4% +5,121.7%
Its benchmark over the same days −1.4% (AGG) not measured
Gap to its benchmark 0.0 pts vs AGG not measured
Expense ratio 0.54% 4.68%
Holdings 1565 not counted
Net assets, BOND as of Jun 30, 2026 and BWET as of Oct 28, 2026 $8.3bn $178m

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

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About each fund
BOND

BOND is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −1.4% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Index. The prospectus expense ratio is 0.54% a year. It sat 3.1% below its high of Feb 27, 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, BOND or BWET?
In the year to Oct 28, 2026, with distributions reinvested, BOND returned −1.4% and BWET +5,121.7%.
Which is cheaper, BOND or BWET?
BOND is cheaper, by 4.14 percentage points a year. That is about $414 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
BOND vs USOBOND vs SIVRBOND vs SLVBOND vs GLDMBWET vs IUSBBWET vs VCLTBWET vs VUSBBWET vs VGLT
Where to next
BOND on its own →BWET on its own →Hold both: look the portfolio through →Rankings →BOND dividend history →BOND holdings →Standards and sources →
Sources and dates
BOND filings on SEC EDGAR ↗
BOND prospectus with the expense ratio (SEC) ↗
PIMCO website ↗
Breakwave page for BWET ↗

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

Cite this pageCitation, APA and Markdown

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

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