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Data as of Oct 28, 2026.

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BWET vs FNDX: Differences, Returns & Fees

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BWET is a commodity futures fund and FNDX an equity index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +23.9%.

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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $27.6bn on Aug 31, 2026 for Schwab Fundamental U.S. Large Company ETF.

BWET on its own →FNDX on its own →
At a glance
+5,121.7%
BWET total return, 1 year
+23.9%
FNDX total return, 1 year
4.68%
BWET expense ratio
0.25%
FNDX expense ratio

Pair scorecard

FNDX costs 4.43 points a year less; their one-year returns differ by 5097.8 points.

BWET vs FNDX: Differences, Returns & Fees
MeasureBWETFNDX
Return
Total return, 1 year+5,121.7%+23.9%
Drawdown
Below its high11.2%, high on Oct 8, 2026
Benchmark
What it tracksTanker freight futuresFundamental U.S. Large Company
Cost and size
Expense ratio4.68%0.25%
Net assets, BWET as of Oct 28, 2026 and FNDX as of Aug 31, 2026$178m$27.6bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight88%
Top ten holdings, share of the fund21.0%

Method

Side by side

BWET Breakwave Tanker Shipping ETF FNDX Schwab Fundamental U.S. Large Company ETF
Where it sits Commodity ETF Stock ETF
Issuer Breakwave Schwab
What it is Holds tanker freight futures Tracks an index of Fundamental U.S. Large Company
Total return, 1 year +5,121.7% +23.9%
Its benchmark over the same days not measured +13.1% (IWB)
Gap to its benchmark not measured +10.8 pts vs IWB
Expense ratio 4.68% 0.25%
Holdings not counted 731
Net assets, BWET as of Oct 28, 2026 and FNDX as of Aug 31, 2026 $178m $27.6bn

BWET and FNDX 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.

FNDX

Over the year to Oct 28, 2026 it returned +23.9% with distributions reinvested, against +13.1% for its benchmark, the Russell 1000 Index.

FNDX tracks an index of Fundamental U.S. Large Company. The prospectus expense ratio is 0.25% a year. By its holdings filed for Aug 31, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 731 positions, with the top ten at 21.0%.

Questions people ask

Which returned more over the last year, BWET or FNDX?
In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and FNDX +23.9%.
Which is cheaper, BWET or FNDX?
FNDX is cheaper, by 4.43 percentage points a year. That is about $443 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
BWET vs CGDVBWET vs DGROBWET vs HDVBWET vs FDVVFNDX vs USOFNDX vs SIVRFNDX vs SLVFNDX vs GLDM
Where to next
BWET on its own →FNDX on its own →Hold both: look the portfolio through →Rankings →FNDX dividend history →FNDX holdings →Standards and sources →
Sources and dates
Breakwave page for BWET ↗
FNDX filings on SEC EDGAR ↗
FNDX prospectus with the expense ratio (SEC) ↗
Schwab website ↗

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

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

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