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Data as of Oct 28, 2026.

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Across categories

BWET vs IBB: Differences, Returns & Fees

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Over the year to Oct 28, 2026, BWET returned +5,121.7% to IBB's +37.5%, and IBB charges 0.44% to BWET's 4.68%.

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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $11.0bn on Oct 27, 2026 for iShares Biotechnology ETF.

BWET on its own →IBB on its own →
At a glance
+5,121.7%
BWET total return, 1 year
+37.5%
IBB total return, 1 year
4.68%
BWET expense ratio
0.44%
IBB expense ratio

Pair scorecard

IBB costs 4.24 points a year less; their one-year returns differ by 5084.2 points; IBB is far larger, $10.7bn against $186m.

BWET vs IBB: Differences, Returns & Fees
MeasureBWETIBB
Return
Total return, 1 year+5,121.7%+37.5%
Drawdown
Below its high11.2%, high on Oct 8, 2026
Benchmark
What it tracksTanker freight futuresBiotech
Cost and size
Expense ratio4.68%0.44%
Net assets, as of Oct 26, 2026$186m$10.7bn
Active share vs the S&P 50099%
Holdings
Holdings in commonnot published
In the S&P 500, by weight40%
Top ten holdings, share of the fund50%

Method

Side by side

BWET Breakwave Tanker Shipping ETF IBB iShares Biotechnology ETF
Where it sits Commodity ETF Thematic ETF
Issuer Breakwave iShares
What it is Holds tanker freight futures Biotech
Total return, 1 year +5,121.7% +37.5%
Expense ratio 4.68% 0.44%
Holdings not counted 245
Net assets, BWET as of Oct 28, 2026 and IBB as of Oct 27, 2026 $178m $11.0bn

BWET and IBB 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.

IBB

By weight, 40% of IBB's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 50% of the fund across 245 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +37.5% with distributions reinvested.

Questions people ask

Are BWET and IBB in the same category?
BWET is a commodity ETF and IBB is a thematic ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which returned more over the last year, BWET or IBB?
In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and IBB +37.5%.
Which is cheaper, BWET or IBB?
IBB is cheaper, by 4.24 percentage points a year. That is about $424 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
BWET vs XBIAIRR vs BWETBWET vs GDXBWET vs REMXIBB vs SIVRGLD vs IBBIBB vs USOGLDM vs IBB
Where to next
BWET on its own →IBB on its own →Hold both: look the portfolio through →Rankings →IBB dividend history →IBB holdings →Standards and sources →
Sources and dates
Breakwave page for BWET ↗
IBB filings on SEC EDGAR ↗
IBB prospectus with the expense ratio (SEC) ↗
iShares page for IBB ↗

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

Cite this pageCitation, APA and Markdown

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

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