Data as of Oct 28, 2026.
BWET vs FENI: Differences, Returns & Fees
BWET is a commodity futures fund and FENI an actively managed equity fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +14.2%.
askIQ about this page
askIQ about BWET and FENI
Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $11.5bn on Sep 30, 2026 for Fidelity Enhanced International ETF.
Pair scorecard
FENI costs 4.40 points a year less; their one-year returns differ by 5107.5 points.
| Measure | BWET | FENI |
|---|---|---|
| Return | ||
| Total return, 1 year | +5,121.7% | +14.2% |
| Drawdown | ||
| Below its high | 11.2%, high on Oct 8, 2026 | 4.7%, high on Aug 13, 2026 |
| Benchmark | ||
| What it tracks | Tanker freight futures | No index, actively managed |
| Cost and size | ||
| Expense ratio | 4.68% | 0.28% |
| Net assets, BWET as of Oct 28, 2026 and FENI as of Sep 30, 2026 | $178m | $11.5bn |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 0% | |
| Top ten holdings, share of the fund | 16.5% | |
Side by side
BWET and FENI on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
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.
FENI
FENI is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +14.2% with distributions reinvested, against +12.1% for its benchmark, the MSCI EAFE Index. The prospectus expense ratio is 0.28% a year. By its holdings filed for Jun 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 386 positions, with the top ten at 16.5%. It sat 4.7% below its high of Aug 13, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, BWET or FENI?
- In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and FENI +14.2%.
- Which is cheaper, BWET or FENI?
- FENI is cheaper, by 4.40 percentage points a year. That is about $440 on $10,000 held for a year. Fees come from each fund's own filings.
Links are sources, not endorsements. A comparison is not a recommendation.
Cite this pageCitation, APA and Markdown
ETFIQ, BWET against FENI, data as of Oct 28, 2026. https://etfiq.com/compare/any/bwet-vs-feni
ETFIQ. (Oct 28, 2026). BWET against FENI. Retrieved from https://etfiq.com/compare/any/bwet-vs-feni
[BWET against FENI (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bwet-vs-feni)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.