IQ

Data as of Oct 28, 2026.

vsCompare their flowsaskIQ about these two fundsAsk the committee about these two funds
Across categories

BWET vs EFA: Differences, Returns & Fees

Share
Share on XDownload as PDF

BWET is a commodity futures fund and EFA an equity index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +12.1%.

askIQ about this page

askIQ about BWET and EFA

Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $76.8bn on Oct 27, 2026 for iShares MSCI EAFE ETF.

BWET on its own →EFA on its own →
At a glance
+5,121.7%
BWET total return, 1 year
+12.1%
EFA total return, 1 year
4.68%
BWET expense ratio
0.32%
EFA expense ratio

Pair scorecard

EFA costs 4.36 points a year less; their one-year returns differ by 5109.6 points; EFA is far larger, $76.4bn against $186m.

BWET vs EFA: Differences, Returns & Fees
MeasureBWETEFA
Return
Total return, 1 year+5,121.7%+12.1%
Drawdown
Below its high11.2%, high on Oct 8, 20264.7%, high on Aug 25, 2026
Benchmark
What it tracksTanker freight futuresMSCI EAFE Index
Cost and size
Expense ratio4.68%0.32%
Net assets, as of Oct 26, 2026$186m$76.4bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight0%
Top ten holdings, share of the fund14.3%

Method

Side by side

BWET Breakwave Tanker Shipping ETF EFA iShares MSCI EAFE ETF
Where it sits Commodity ETF Stock ETF
Issuer Breakwave iShares
What it is Holds tanker freight futures Tracks an index of Developed markets ex US
Total return, 1 year +5,121.7% +12.1%
Its benchmark over the same days not measured +14.3% (ACWX)
Gap to its benchmark not measured −2.2 pts vs ACWX
Expense ratio 4.68% 0.32%
Holdings not counted 665
Net assets, BWET as of Oct 28, 2026 and EFA as of Oct 27, 2026 $178m $76.8bn

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

Alert

BWET and EFA flows, by email on Sundays.

One-click unsubscribe. See Privacy.

About each fund
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.

EFA

EFA tracks an index of Developed markets ex US. Over the year to Oct 28, 2026 it returned +12.1% with distributions reinvested, against +14.3% for its benchmark, the MSCI ACWI ex USA Index. The prospectus expense ratio is 0.32% 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 665 positions, with the top ten at 14.3%. It sat 4.7% below its high of Aug 25, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BWET or EFA?
In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and EFA +12.1%.
Which is cheaper, BWET or EFA?
EFA is cheaper, by 4.36 percentage points a year. That is about $436 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
BWET vs VXUSBWET vs IEFABWET vs VEABWET vs SCHFEFA vs USOEFA vs SIVREFA vs SLVEFA vs GLDM
Where to next
BWET on its own →EFA on its own →Hold both: look the portfolio through →Rankings →EFA dividend history →EFA holdings →Standards and sources →
Sources and dates
Breakwave page for BWET ↗
EFA filings on SEC EDGAR ↗
EFA prospectus with the expense ratio (SEC) ↗
iShares page for EFA ↗

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

Cite this pageCitation, APA and Markdown

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

Open data →

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