Data as of Oct 28, 2026.

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BWET vs IGM: Differences, Returns & Fees

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BWET is a commodity futures fund and IGM an equity index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +21.7%.

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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 Expanded Tech Sector ETF.

At a glance
+5,121.7%
BWET total return, 1 year
+21.7%
IGM total return, 1 year
4.68%
BWET expense ratio
0.37%
IGM expense ratio

Pair scorecard

IGM costs 4.31 points a year less; their one-year returns differ by 5100.0 points; IGM is far larger, $10.9bn against $186m.

BWET vs IGM: Differences, Returns & Fees
MeasureBWETIGM
Return
Total return, 1 year+5,121.7%+21.7%
Drawdown
Below its high11.2%, high on Oct 8, 20266.2%, high on Oct 6, 2026
Benchmark
What it tracksTanker freight futuresS&P North American Expanded Technology Sector Index
Cost and size
Expense ratio4.68%0.37%
Net assets, as of Oct 26, 2026$186m$10.9bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight92%
Top ten holdings, share of the fund56.8%

Method

Side by side

BWET Breakwave Tanker Shipping ETF IGM iShares Expanded Tech Sector ETF
Where it sits Commodity ETF Stock ETF
What it is Holds tanker freight futures Tracks an index of Expanded Tech Sector
Total return, 1 year +5,121.7% +21.7%
Expense ratio 4.68% 0.37%
Holdings not counted 295
Net assets, BWET as of Oct 28, 2026 and IGM as of Oct 27, 2026 $178m $11.0bn

BWET and IGM 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.

IGM

IGM tracks an index of Expanded Tech Sector. Over the year to Oct 28, 2026 it returned +21.7% with distributions reinvested. The prospectus expense ratio is 0.37% a year. By its holdings published by its issuer for Oct 27, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 295 positions, with the top ten at 56.8%. It sat 6.2% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BWET or IGM?
In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and IGM +21.7%.
Which is cheaper, BWET or IGM?
IGM is cheaper, by 4.31 percentage points a year. That is about $431 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
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ETFIQ, BWET against IGM, data as of Oct 28, 2026. https://etfiq.com/compare/any/bwet-vs-igm

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