Data as of Oct 28, 2026.

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BWET vs IGSB: Differences, Returns & Fees

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BWET is a commodity futures fund and IGSB a bond index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +1.3%.

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Net assets on Oct 28, 2026: $178m for Breakwave Tanker Shipping ETF and $23.7bn for iShares 1-5 Year Investment Grade Corporate Bond ETF.

At a glance
+5,121.7%
BWET total return, 1 year
+1.3%
IGSB total return, 1 year
4.68%
BWET expense ratio
0.04%
IGSB expense ratio

Pair scorecard

IGSB costs 4.64 points a year less; their one-year returns differ by 5120.4 points; IGSB is far larger, $23.7bn against $178m.

BWET vs IGSB: Differences, Returns & Fees
MeasureBWETIGSB
Return
Total return, 1 year+5,121.7%+1.3%
Drawdown
Below its high11.2%, high on Oct 8, 2026
Benchmark
What it tracksTanker freight futuresICE BofA 1-5 Year US Corporate Index
Cost and size
Expense ratio4.68%0.04%
Net assets$178m$23.7bn
Holdings
Holdings in commonnot published

Method

Risk and return

May 12, 2023 to Oct 23, 2026 · 180 weekly returns
BWET IGSB
Return
Total return edge BWET +5,753.7% +17.4%
Annualized edge BWET +224.0% +4.7%
Price return edge BWET +5,753.7% +1.8%
Risk
Volatility edge IGSB 87.4% 2.4%
Max drawdown edge IGSB −55.9% −1.4%
Risk-adjusted
Sharpe edge BWET 1.71 0.03
Sortino edge BWET 3.72 0.05
Calmar edge BWET 4.01 3.48
Reading

BWET returned more: +5,753.7% to +17.4%. IGSB swung less: 2.4% to 87.4%. IGSB fell less at its worst: −1.4% to −55.9%.

Full scorecard

9 measures, with how each is measured
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Risk and return: BWET vs IGSB: Differences, Returns & Fees
MeasureBWETIGSBEdgeHow it is measured
Return
Total return+5,753.7%+17.4%BWETPrice change plus distributions, reinvested.
Annualized+224.0%+4.7%BWETTotal return as a yearly rate.
Price return+5,753.7%+1.8%BWETPrice change alone, distributions left out.
Risk
Volatility87.4%2.4%IGSBSpread of weekly returns, annualized. Lower is steadier.
Downside deviation40.2%1.7%IGSBLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−55.9%−1.4%IGSBDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe1.710.03BWETReturn above Treasury bills per unit of volatility.
Sortino3.720.05BWETReturn above Treasury bills per unit of downside deviation.
Calmar4.013.48BWETAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 180 weekly returns. Cash rate: the 13-week Treasury bill.

Side by side

BWET Breakwave Tanker Shipping ETF IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF
Where it sits Commodity ETF Bond ETF
What it is Holds tanker freight futures Tracks an index of 1-5 Year Investment Grade Corporate Bond
Total return, 1 year +5,121.7% +1.3%
Expense ratio 4.68% 0.04%
Holdings not counted 4781
Net assets $178m $23.7bn

BWET and IGSB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief

No client brief for this pair: ETFIQ prints no one-year total return for BWET.

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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.

IGSB

IGSB tracks an index of 1-5 Year Investment Grade Corporate Bond. Over the year to Oct 28, 2026 it returned +1.3% with distributions reinvested. The prospectus expense ratio is 0.04% a year.

Questions people ask

Which returned more over the last year, BWET or IGSB?
In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and IGSB +1.3%.
Which is cheaper, BWET or IGSB?
IGSB is cheaper, by 4.64 percentage points a year. That is about $464 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, BWET against IGSB, data as of Oct 28, 2026. https://etfiq.com/compare/any/bwet-vs-igsb

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