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Data as of Oct 28, 2026.

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BWET vs IEMG: Differences, Returns & Fees

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BWET is a commodity futures fund and IEMG an equity index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +15.3%.

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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $150.4bn on Oct 27, 2026 for iShares Core MSCI Emerging Markets ETF.

BWET on its own →IEMG on its own →
At a glance
+5,121.7%
BWET total return, 1 year
+15.3%
IEMG total return, 1 year
4.68%
BWET expense ratio
0.09%
IEMG expense ratio

Pair scorecard

IEMG costs 4.59 points a year less; their one-year returns differ by 5106.4 points; IEMG is far larger, $148.2bn against $186m.

BWET vs IEMG: Differences, Returns & Fees
MeasureBWETIEMG
Return
Total return, 1 year+5,121.7%+15.3%
Drawdown
Below its high11.2%, high on Oct 8, 202610.1%, high on Jun 22, 2026
Benchmark
What it tracksTanker freight futuresMSCI Emerging Markets Investable Market Index (IMI)
Cost and size
Expense ratio4.68%0.09%
Net assets, as of Oct 26, 2026$186m$148.2bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight0%
Top ten holdings, share of the fund32.7%

Method

Side by side

BWET Breakwave Tanker Shipping ETF IEMG iShares Core MSCI Emerging Markets ETF
Where it sits Commodity ETF Stock ETF
Issuer Breakwave iShares
What it is Holds tanker freight futures Tracks the MSCI Emerging Markets
Total return, 1 year +5,121.7% +15.3%
Its benchmark over the same days not measured +16.3% (EEM)
Gap to its benchmark not measured −1.0 pts vs EEM
Expense ratio 4.68% 0.09%
Holdings not counted 2857
Net assets, BWET as of Oct 28, 2026 and IEMG as of Oct 27, 2026 $178m $150.4bn

BWET and IEMG 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.

IEMG

IEMG tracks the MSCI Emerging Markets. Over the year to Oct 28, 2026 it returned +15.3% with distributions reinvested, against +16.3% for its benchmark, the MSCI Emerging Markets Index. The prospectus expense ratio is 0.09% 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 2,857 positions, with the top ten at 32.7%. It sat 10.1% below its high of Jun 22, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BWET or IEMG?
In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and IEMG +15.3%.
Which is cheaper, BWET or IEMG?
IEMG is cheaper, by 4.59 percentage points a year. That is about $459 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
BWET vs EEMBWET vs VWOBWET vs EMXCAVEM vs BWETIEMG vs USOIEMG vs SIVRIEMG vs SLVGLDM vs IEMG
Where to next
BWET on its own →IEMG on its own →Hold both: look the portfolio through →Rankings →IEMG dividend history →IEMG holdings →Standards and sources →
Sources and dates
Breakwave page for BWET ↗
IEMG filings on SEC EDGAR ↗
IEMG prospectus with the expense ratio (SEC) ↗
iShares page for IEMG ↗

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

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

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