Data as of Oct 28, 2026.

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BWET vs IVV: Differences, Returns & Fees

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BWET is a commodity futures fund and IVV an equity index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +13.7%.

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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $885.1bn on Oct 27, 2026 for iShares Core S&P 500 ETF.

At a glance
+5,121.7%
BWET total return, 1 year
+13.7%
IVV total return, 1 year
4.68%
BWET expense ratio
0.03%
IVV expense ratio

Pair scorecard

IVV costs 4.65 points a year less; their one-year returns differ by 5108.0 points; IVV is far larger, $880.6bn against $186m.

BWET vs IVV: Differences, Returns & Fees
MeasureBWETIVV
Return
Total return, 1 year+5,121.7%+13.7%
Drawdown
Below its high11.2%, high on Oct 8, 2026
Benchmark
What it tracksTanker freight futuresS&P 500
Cost and size
Expense ratio4.68%0.03%
Net assets, as of Oct 26, 2026$186m$880.6bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight100%
Top ten holdings, share of the fund38.1%

Method

Side by side

BWET Breakwave Tanker Shipping ETF IVV iShares Core S&P 500 ETF
Where it sits Commodity ETF Stock ETF
What it is Holds tanker freight futures Tracks the S&P 500
Total return, 1 year +5,121.7% +13.7%
Its benchmark over the same days not measured +13.6% (SPY)
Gap to its benchmark not measured +0.1 pts vs SPY
Expense ratio 4.68% 0.03%
Holdings not counted 505
Net assets, BWET as of Oct 28, 2026 and IVV as of Oct 27, 2026 $178m $885.1bn

BWET and IVV 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.

IVV

IVV tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.6% for its benchmark, the S&P 500. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 38.1%.

Questions people ask

Which returned more over the last year, BWET or IVV?
In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and IVV +13.7%.
Which is cheaper, BWET or IVV?
IVV is cheaper, by 4.65 percentage points a year. That is about $465 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, BWET against IVV, data as of Oct 28, 2026. https://etfiq.com/compare/any/bwet-vs-ivv

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