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Data as of Oct 28, 2026.

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BWET vs EWT: Differences, Returns & Fees

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BWET is a commodity futures fund and EWT an equity index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +69.9%.

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Net assets on Oct 28, 2026: $178m for Breakwave Tanker Shipping ETF and $12.0bn for iShares MSCI Taiwan ETF.

BWET on its own →EWT on its own →
At a glance
+5,121.7%
BWET total return, 1 year
+69.9%
EWT total return, 1 year
4.68%
BWET expense ratio
0.59%
EWT expense ratio

Pair scorecard

EWT costs 4.09 points a year less; their one-year returns differ by 5051.8 points; EWT is far larger, $12.0bn against $178m.

BWET vs EWT: Differences, Returns & Fees
MeasureBWETEWT
Return
Total return, 1 year+5,121.7%+69.9%
Drawdown
Below its high11.2%, high on Oct 8, 20267.7%, high on Oct 5, 2026
Benchmark
What it tracksTanker freight futuresMSCI Taiwan 25/50 Index
Cost and size
Expense ratio4.68%0.59%
Net assets$178m$12.0bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight0%
Holdings datedOct 27, 2026
Top ten holdings, share of the fund47.7%

Method

Side by side

BWET Breakwave Tanker Shipping ETF EWT iShares MSCI Taiwan ETF
Where it sits Commodity ETF Stock ETF
Issuer Breakwave iShares
What it is Holds tanker freight futures Tracks the MSCI Taiwan
Total return, 1 year +5,121.7% +69.9%
Its benchmark over the same days not measured +16.3% (EEM)
Gap to its benchmark not measured +53.6 pts vs EEM
Expense ratio 4.68% 0.59%
Holdings not counted 79
Net assets $178m $12.0bn

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

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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.

EWT

EWT tracks the MSCI Taiwan. Over the year to Oct 28, 2026 it returned +69.9% with distributions reinvested, against +16.3% for its benchmark, the MSCI Emerging Markets Index. The prospectus expense ratio is 0.59% 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 79 positions, with the top ten at 47.7%. It sat 7.7% below its high of Oct 5, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BWET or EWT?
In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and EWT +69.9%.
Which is cheaper, BWET or EWT?
EWT is cheaper, by 4.09 percentage points a year. That is about $409 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
BWET vs FXIBWET vs INDABWET vs ILFBWET vs FLKREWT vs USOEWT vs SIVREWT vs SLVEWT vs GLDM
Where to next
BWET on its own →EWT on its own →Hold both: look the portfolio through →Rankings →EWT dividend history →EWT holdings →Standards and sources →
Sources and dates
Breakwave page for BWET ↗
EWT filings on SEC EDGAR ↗
EWT prospectus with the expense ratio (SEC) ↗
iShares page for EWT ↗

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

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

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