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

In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and IEF −3.2%.

Which is cheaper, BWET or IEF?

IEF is cheaper, by 4.53 percentage points a year. That is about $453 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 IEF: Differences, Returns & Fees

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BWET is a commodity futures fund and IEF a bond index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against −3.2%.

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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $43.5bn on Oct 27, 2026 for iShares 7-10 Year Treasury Bond ETF.

BWET on its own →IEF on its own →

At a glance

+5,121.7%

BWET total return, 1 year

−3.2%

IEF total return, 1 year

4.68%

BWET expense ratio

0.15%

IEF expense ratio

Pair scorecard

IEF costs 4.53 points a year less; their one-year returns differ by 5124.9 points; IEF is far larger, $43.4bn against $186m.

BWET vs IEF: Differences, Returns & Fees
Measure	BWET	IEF
Return
Measure	BWET	IEF
Total return, 1 year	+5,121.7%	−3.2%
Drawdown
Measure	BWET	IEF
Below its high	11.2%, high on Oct 8, 2026	13.1%, high on Aug 4, 2020
Benchmark
Measure	BWET	IEF
What it tracks	Tanker freight futures	ICE U.S. Treasury 7-10 Year Bond Index
Cost and size
Measure	BWET	IEF
Expense ratio	4.68%	0.15%
Net assets, as of Oct 26, 2026	$186m	$43.4bn
Holdings
Measure	BWET	IEF
Holdings in common	not published

Method

Side by side

BWET Breakwave Tanker Shipping ETF IEF iShares 7-10 Year Treasury Bond ETF

Where it sits Commodity ETF Bond ETF

Issuer Breakwave iShares

What it is Holds tanker freight futures Tracks an index of 7-10 Year Treasury Bond

Total return, 1 year +5,121.7% −3.2%

Expense ratio 4.68% 0.15%

Holdings not counted 17

Net assets, BWET as of Oct 28, 2026 and IEF as of Oct 27, 2026 $178m $43.5bn

BWET and IEF 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.

IEF

IEF tracks an index of 7-10 Year Treasury Bond. Over the year to Oct 28, 2026 it returned −3.2% with distributions reinvested. The prospectus expense ratio is 0.15% a year. It sat 13.1% below its high of Aug 4, 2020 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BWET or IEF?: In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and IEF −3.2%.
Which is cheaper, BWET or IEF?: IEF is cheaper, by 4.53 percentage points a year. That is about $453 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

BWET vs GOVT BWET vs VGIT BWET vs MBB BWET vs VGSH IEF vs USO IEF vs SIVR IEF vs SLV GLDM vs IEF

Where to next

BWET on its own →IEF on its own →Hold both: look the portfolio through →Rankings →IEF dividend history →IEF holdings →Standards and sources →

Sources and dates

Breakwave page for BWET ↗

IEF filings on SEC EDGAR ↗

IEF prospectus with the expense ratio (SEC) ↗

iShares page for IEF ↗

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

Cite this pageCitation, APA and Markdown

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

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