Data as of Oct 28, 2026.

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BWET vs IUSB: Differences, Returns & Fees

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BWET is a commodity futures fund and IUSB a bond index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against −1.2%.

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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $49.8bn on Oct 27, 2026 for iShares Core Universal USD Bond ETF.

At a glance
+5,121.7%
BWET total return, 1 year
−1.2%
IUSB total return, 1 year
4.68%
BWET expense ratio
0.06%
IUSB expense ratio

Pair scorecard

IUSB costs 4.62 points a year less; their one-year returns differ by 5122.9 points; IUSB is far larger, $49.8bn against $186m.

BWET vs IUSB: Differences, Returns & Fees
MeasureBWETIUSB
Return
Total return, 1 year+5,121.7%−1.2%
Drawdown
Below its high11.2%, high on Oct 8, 2026
Benchmark
What it tracksTanker freight futuresBloomberg U.S. Universal Index
Cost and size
Expense ratio4.68%0.06%
Net assets, as of Oct 26, 2026$186m$49.8bn
Holdings
Holdings in commonnot published

Method

Side by side

BWET Breakwave Tanker Shipping ETF IUSB iShares Core Universal USD Bond ETF
Where it sits Commodity ETF Bond ETF
What it is Holds tanker freight futures Tracks an index of Universal USD Bond
Total return, 1 year +5,121.7% −1.2%
Expense ratio 4.68% 0.06%
Holdings not counted 18338
Net assets, BWET as of Oct 28, 2026 and IUSB as of Oct 27, 2026 $178m $49.8bn

BWET and IUSB 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.

IUSB

IUSB tracks an index of Universal USD Bond. Over the year to Oct 28, 2026 it returned −1.2% with distributions reinvested. The prospectus expense ratio is 0.06% a year.

Questions people ask

Which returned more over the last year, BWET or IUSB?
In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and IUSB −1.2%.
Which is cheaper, BWET or IUSB?
IUSB 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.
Other comparisons
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ETFIQ, BWET against IUSB, data as of Oct 28, 2026. https://etfiq.com/compare/any/bwet-vs-iusb

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