Data as of Oct 28, 2026.

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BWET vs IJR: Differences, Returns & Fees

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BWET is a commodity futures fund and IJR an equity index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +17.5%.

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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $104.6bn on Oct 27, 2026 for iShares Core S&P Small-Cap ETF.

At a glance
+5,121.7%
BWET total return, 1 year
+17.5%
IJR total return, 1 year
4.68%
BWET expense ratio
0.06%
IJR expense ratio

Pair scorecard

IJR costs 4.62 points a year less; their one-year returns differ by 5104.2 points; IJR is far larger, $104.0bn against $186m.

BWET vs IJR: Differences, Returns & Fees
MeasureBWETIJR
Return
Total return, 1 year+5,121.7%+17.5%
Drawdown
Below its high11.2%, high on Oct 8, 20266.8%, high on Aug 14, 2026
Benchmark
What it tracksTanker freight futuresS&P SmallCap 600
Cost and size
Expense ratio4.68%0.06%
Net assets, as of Oct 26, 2026$186m$104.0bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight0%
Top ten holdings, share of the fund5.3%

Method

Side by side

BWET Breakwave Tanker Shipping ETF IJR iShares Core S&P Small-Cap ETF
Where it sits Commodity ETF Stock ETF
What it is Holds tanker freight futures Tracks the S&P SmallCap 600
Total return, 1 year +5,121.7% +17.5%
Its benchmark over the same days not measured +17.6% (SPSM)
Gap to its benchmark not measured −0.1 pts vs SPSM
Expense ratio 4.68% 0.06%
Holdings not counted 642
Net assets, BWET as of Oct 28, 2026 and IJR as of Oct 27, 2026 $178m $104.6bn

BWET and IJR 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.

IJR

IJR tracks the S&P SmallCap 600. Over the year to Oct 28, 2026 it returned +17.5% with distributions reinvested, against +17.6% for its benchmark, the S&P SmallCap 600. The prospectus expense ratio is 0.06% 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 642 positions, with the top ten at 5.3%. It sat 6.8% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BWET or IJR?
In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and IJR +17.5%.
Which is cheaper, BWET or IJR?
IJR is cheaper, by 4.62 percentage points a year. That is about $462 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, BWET against IJR, data as of Oct 28, 2026. https://etfiq.com/compare/any/bwet-vs-ijr

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