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Data as of Oct 28, 2026.

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BWET vs EWY: Differences, Returns & Fees

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BWET is a commodity futures fund and EWY an equity index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +79.7%.

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Net assets on Oct 28, 2026: $178m for Breakwave Tanker Shipping ETF and $24.4bn for iShares MSCI South Korea ETF.

BWET on its own →EWY on its own →
At a glance
+5,121.7%
BWET total return, 1 year
+79.7%
EWY total return, 1 year
4.68%
BWET expense ratio
0.59%
EWY expense ratio

Pair scorecard

EWY costs 4.09 points a year less; their one-year returns differ by 5042.0 points; EWY is far larger, $24.4bn against $178m.

BWET vs EWY: Differences, Returns & Fees
MeasureBWETEWY
Return
Total return, 1 year+5,121.7%+79.7%
Drawdown
Below its high11.2%, high on Oct 8, 202624.3%, high on Jun 18, 2026
Benchmark
What it tracksTanker freight futuresMSCI Korea 25/50 Daily 25 Capped Index
Cost and size
Expense ratio4.68%0.59%
Net assets$178m$24.4bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight0%
Holdings datedOct 27, 2026
Top ten holdings, share of the fund60.9%

Method

Side by side

BWET Breakwave Tanker Shipping ETF EWY iShares MSCI South Korea ETF
Where it sits Commodity ETF Stock ETF
Issuer Breakwave iShares
What it is Holds tanker freight futures Tracks the MSCI South Korea
Total return, 1 year +5,121.7% +79.7%
Its benchmark over the same days not measured +16.3% (EEM)
Gap to its benchmark not measured +63.4 pts vs EEM
Expense ratio 4.68% 0.59%
Holdings not counted 78
Net assets $178m $24.4bn

BWET and EWY 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.

EWY

EWY tracks the MSCI South Korea. Over the year to Oct 28, 2026 it returned +79.7% 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 78 positions, with the top ten at 60.9%. It sat 24.3% below its high of Jun 18, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BWET or EWY?
In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and EWY +79.7%.
Which is cheaper, BWET or EWY?
EWY 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 FLKRBWET vs EFABWET vs EWJBWET vs VYMIEWY vs USOEWY vs SIVREWY vs SLVEWY vs GLDM
Where to next
BWET on its own →EWY on its own →Hold both: look the portfolio through →Rankings →EWY dividend history →EWY holdings →Standards and sources →
Sources and dates
Breakwave page for BWET ↗
EWY filings on SEC EDGAR ↗
EWY prospectus with the expense ratio (SEC) ↗
iShares page for EWY ↗

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

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

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