Data as of Oct 28, 2026.

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BWET vs IJS: Differences, Returns & Fees

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BWET is a commodity futures fund and IJS an equity index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +19.3%.

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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $7.7bn on Oct 27, 2026 for iShares S&P Small-Cap 600 Value ETF.

At a glance
+5,121.7%
BWET total return, 1 year
+19.3%
IJS total return, 1 year
4.68%
BWET expense ratio
0.18%
IJS expense ratio

Pair scorecard

IJS costs 4.50 points a year less; their one-year returns differ by 5102.4 points; IJS is far larger, $7.7bn against $186m.

BWET vs IJS: Differences, Returns & Fees
MeasureBWETIJS
Return
Total return, 1 year+5,121.7%+19.3%
Drawdown
Below its high11.2%, high on Oct 8, 20265.7%, high on Aug 14, 2026
Benchmark
What it tracksTanker freight futuresS&P SmallCap 600 Value Index
Cost and size
Expense ratio4.68%0.18%
Net assets, as of Oct 26, 2026$186m$7.7bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight0%
Top ten holdings, share of the fund8.8%

Method

Risk and return

May 12, 2023 to Oct 23, 2026 · 180 weekly returns
BWET IJS
Return
Total return edge BWET +5,753.7% +58.2%
Annualized edge BWET +224.0% +14.2%
Price return edge BWET +5,753.7% +49.3%
Risk
Volatility edge IJS 87.4% 19.4%
Max drawdown edge IJS −55.9% −25.1%
Risk-adjusted
Sharpe edge BWET 1.71 0.54
Sortino edge BWET 3.72 0.83
Calmar edge BWET 4.01 0.56
Reading

BWET returned more: +5,753.7% to +58.2%. IJS swung less: 19.4% to 87.4%. IJS fell less at its worst: −25.1% to −55.9%.

Full scorecard

9 measures, with how each is measured
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Risk and return: BWET vs IJS: Differences, Returns & Fees
MeasureBWETIJSEdgeHow it is measured
Return
Total return+5,753.7%+58.2%BWETPrice change plus distributions, reinvested.
Annualized+224.0%+14.2%BWETTotal return as a yearly rate.
Price return+5,753.7%+49.3%BWETPrice change alone, distributions left out.
Risk
Volatility87.4%19.4%IJSSpread of weekly returns, annualized. Lower is steadier.
Downside deviation40.2%12.8%IJSLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−55.9%−25.1%IJSDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe1.710.54BWETReturn above Treasury bills per unit of volatility.
Sortino3.720.83BWETReturn above Treasury bills per unit of downside deviation.
Calmar4.010.56BWETAnnualized 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 IJS iShares S&P Small-Cap 600 Value ETF
Where it sits Commodity ETF Stock ETF
What it is Holds tanker freight futures Tracks the S&P Small-Cap 600 Value
Total return, 1 year +5,121.7% +19.3%
Its benchmark over the same days not measured +19.2% (SLYV)
Gap to its benchmark not measured +0.1 pts vs SLYV
Expense ratio 4.68% 0.18%
Holdings not counted 477
Net assets, BWET as of Oct 28, 2026 and IJS as of Oct 27, 2026 $178m $7.7bn

BWET and IJS 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.

IJS

IJS tracks the S&P Small-Cap 600 Value. Over the year to Oct 28, 2026 it returned +19.3% with distributions reinvested, against +19.2% for its benchmark, the S&P SmallCap 600 Value Index. The prospectus expense ratio is 0.18% 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 477 positions, with the top ten at 8.8%. It sat 5.7% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BWET or IJS?
In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and IJS +19.3%.
Which is cheaper, BWET or IJS?
IJS is cheaper, by 4.50 percentage points a year. That is about $450 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
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ETFIQ, BWET against IJS, data as of Oct 28, 2026. https://etfiq.com/compare/any/bwet-vs-ijs

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