Data as of Oct 28, 2026.

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BWET vs IJH: Differences, Returns & Fees

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BWET is a commodity futures fund and IJH an equity index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +13.2%.

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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $122.8bn on Oct 27, 2026 for iShares Core S&P Mid-Cap ETF.

At a glance
+5,121.7%
BWET total return, 1 year
+13.2%
IJH total return, 1 year
4.68%
BWET expense ratio
0.05%
IJH expense ratio

Pair scorecard

IJH costs 4.63 points a year less; their one-year returns differ by 5108.5 points; IJH is far larger, $122.3bn against $186m.

BWET vs IJH: Differences, Returns & Fees
MeasureBWETIJH
Return
Total return, 1 year+5,121.7%+13.2%
Drawdown
Below its high11.2%, high on Oct 8, 20266.5%, high on Aug 14, 2026
Benchmark
What it tracksTanker freight futuresS&P MidCap 400
Cost and size
Expense ratio4.68%0.05%
Net assets, as of Oct 26, 2026$186m$122.3bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight0%
Top ten holdings, share of the fund7.2%

Method

Risk and return

May 12, 2023 to Oct 23, 2026 · 180 weekly returns
BWET IJH
Return
Total return edge BWET +5,753.7% +56.4%
Annualized edge BWET +224.0% +13.8%
Price return edge BWET +5,753.7% +49.2%
Risk
Volatility edge IJH 87.4% 16.1%
Max drawdown edge IJH −55.9% −21.0%
Risk-adjusted
Sharpe edge BWET 1.71 0.60
Sortino edge BWET 3.72 0.89
Calmar edge BWET 4.01 0.66
Reading

BWET returned more: +5,753.7% to +56.4%. IJH swung less: 16.1% to 87.4%. IJH fell less at its worst: −21.0% to −55.9%.

Full scorecard

9 measures, with how each is measured
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Risk and return: BWET vs IJH: Differences, Returns & Fees
MeasureBWETIJHEdgeHow it is measured
Return
Total return+5,753.7%+56.4%BWETPrice change plus distributions, reinvested.
Annualized+224.0%+13.8%BWETTotal return as a yearly rate.
Price return+5,753.7%+49.2%BWETPrice change alone, distributions left out.
Risk
Volatility87.4%16.1%IJHSpread of weekly returns, annualized. Lower is steadier.
Downside deviation40.2%10.8%IJHLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−55.9%−21.0%IJHDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe1.710.60BWETReturn above Treasury bills per unit of volatility.
Sortino3.720.89BWETReturn above Treasury bills per unit of downside deviation.
Calmar4.010.66BWETAnnualized 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 IJH iShares Core S&P Mid-Cap ETF
Where it sits Commodity ETF Stock ETF
What it is Holds tanker freight futures Tracks the S&P MidCap 400
Total return, 1 year +5,121.7% +13.2%
Its benchmark over the same days not measured +12.8% (MDY)
Gap to its benchmark not measured +0.4 pts vs MDY
Expense ratio 4.68% 0.05%
Holdings not counted 409
Net assets, BWET as of Oct 28, 2026 and IJH as of Oct 27, 2026 $178m $122.8bn

BWET and IJH 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.

IJH

IJH tracks the S&P MidCap 400. Over the year to Oct 28, 2026 it returned +13.2% with distributions reinvested, against +12.8% for its benchmark, the S&P MidCap 400. The prospectus expense ratio is 0.05% 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 409 positions, with the top ten at 7.2%. It sat 6.5% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BWET or IJH?
In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and IJH +13.2%.
Which is cheaper, BWET or IJH?
IJH is cheaper, by 4.63 percentage points a year. That is about $463 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
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ETFIQ, BWET against IJH, data as of Oct 28, 2026. https://etfiq.com/compare/any/bwet-vs-ijh

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