Which returned more over the last year, BWET or IAU?

In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and IAU +2.7%.

Which is cheaper, BWET or IAU?

IAU 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.

Data as of Oct 28, 2026.

Across categories

BWET vs IAU: Differences, Returns & Fees

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BWET is a commodity futures fund and IAU a commodity fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +2.7%.

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Net assets on Oct 28, 2026: $178m for Breakwave Tanker Shipping ETF and $60.1bn for iShares Gold Trust.

BWET on its own →IAU on its own →

At a glance

+5,121.7%

BWET total return, 1 year

+2.7%

IAU total return, 1 year

4.68%

BWET expense ratio

0.25%

IAU expense ratio

Pair scorecard

IAU costs 4.43 points a year less; their one-year returns differ by 5119.0 points; IAU is far larger, $60.1bn against $178m.

BWET vs IAU: Differences, Returns & Fees
Measure	BWET	IAU
Return
Measure	BWET	IAU
Total return, 1 year	+5,121.7%	+2.7%
Drawdown
Measure	BWET	IAU
Below its high	11.2%, high on Oct 8, 2026	24.6%, high on Jan 29, 2026
Benchmark
Measure	BWET	IAU
What it tracks	Tanker freight futures	Gold
Cost and size
Measure	BWET	IAU
Expense ratio	4.68%	0.25%
Net assets	$178m	$60.1bn
Holdings
Measure	BWET	IAU
Holdings in common	not published

Method

Side by side

BWET Breakwave Tanker Shipping ETF IAU iShares Gold Trust

Where it sits Commodity ETF Commodity ETF

Issuer Breakwave iShares

What it is Holds tanker freight futures Holds gold

Total return, 1 year +5,121.7% +2.7%

Its benchmark over the same days not measured +2.5% (GLD)

Gap to its benchmark not measured +0.2 pts vs GLD

Expense ratio 4.68% 0.25%

Net assets $178m $60.1bn

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

Alert

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.

IAU

Its expense ratio is 0.25% a year, for the three months to Jun 30, 2026, as its 10-Q states.

IAU holds gold. Over the year to Oct 28, 2026 it returned +2.7% with distributions reinvested, against +2.5% for its benchmark, the price of gold. It sat 24.6% below its high of Jan 29, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BWET or IAU?: In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and IAU +2.7%.
Which is cheaper, BWET or IAU?: IAU 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 GLDM BWET vs GLD BWET vs SLV BWET vs SIVR IAU vs SLV FGDL vs IAU IAU vs USO IAU vs OUNZ

Where to next

BWET on its own →IAU on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Sources and dates

Breakwave page for BWET ↗

iShares page for IAU ↗

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

Cite this pageCitation, APA and Markdown

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

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