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

In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and IEFA +12.3%.

Which is cheaper, BWET or IEFA?

IEFA is cheaper, by 4.61 percentage points a year. That is about $461 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 IEFA: Differences, Returns & Fees

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BWET is a commodity futures fund and IEFA an equity index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +12.3%.

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Net assets on Oct 28, 2026: $178m for Breakwave Tanker Shipping ETF and $190.4bn for iShares Core MSCI EAFE ETF.

BWET on its own →IEFA on its own →

At a glance

+5,121.7%

BWET total return, 1 year

+12.3%

IEFA total return, 1 year

4.68%

BWET expense ratio

0.07%

IEFA expense ratio

Pair scorecard

IEFA costs 4.61 points a year less; their one-year returns differ by 5109.4 points; IEFA is far larger, $190.4bn against $178m.

BWET vs IEFA: Differences, Returns & Fees
Measure	BWET	IEFA
Return
Measure	BWET	IEFA
Total return, 1 year	+5,121.7%	+12.3%
Drawdown
Measure	BWET	IEFA
Below its high	11.2%, high on Oct 8, 2026	4.7%, high on Aug 25, 2026
Benchmark
Measure	BWET	IEFA
What it tracks	Tanker freight futures	MSCI EAFE IMI Index
Cost and size
Measure	BWET	IEFA
Expense ratio	4.68%	0.07%
Net assets	$178m	$190.4bn
Holdings
Measure	BWET	IEFA
Holdings in common	not published
In the S&P 500, by weight		0%
Holdings dated		Oct 27, 2026
Top ten holdings, share of the fund		12.3%

Method

Side by side

BWET Breakwave Tanker Shipping ETF IEFA iShares Core MSCI EAFE ETF

Where it sits Commodity ETF Stock ETF

Issuer Breakwave iShares

What it is Holds tanker freight futures Tracks the MSCI EAFE

Total return, 1 year +5,121.7% +12.3%

Its benchmark over the same days not measured +14.3% (ACWX)

Gap to its benchmark not measured −2.0 pts vs ACWX

Expense ratio 4.68% 0.07%

Holdings not counted 2629

Net assets $178m $190.4bn

BWET and IEFA 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.

IEFA

IEFA tracks the MSCI EAFE. Over the year to Oct 28, 2026 it returned +12.3% with distributions reinvested, against +14.3% for its benchmark, the MSCI ACWI ex USA Index. The prospectus expense ratio is 0.07% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2,629 positions, with the top ten at 12.3%. It sat 4.7% below its high of Aug 25, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BWET or IEFA?: In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and IEFA +12.3%.
Which is cheaper, BWET or IEFA?: IEFA is cheaper, by 4.61 percentage points a year. That is about $461 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

BWET vs VXUS BWET vs VEA BWET vs IDEV BWET vs FENI IEFA vs USO IEFA vs SIVR IEFA vs SLV GLDM vs IEFA

Where to next

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

Sources and dates

Breakwave page for BWET ↗

IEFA filings on SEC EDGAR ↗

IEFA prospectus with the expense ratio (SEC) ↗

iShares page for IEFA ↗

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

Cite this pageCitation, APA and Markdown

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

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