Which returned more over the last year, BWET or IWM?

In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and IWM +14.1%.

Which is cheaper, BWET or IWM?

IWM is cheaper, by 4.49 percentage points a year. That is about $449 on $10,000 held for a year. Fees come from each fund's own filings.

Data as of Oct 28, 2026.

Across categories

BWET vs IWM: Differences, Returns & Fees

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BWET is a commodity futures fund and IWM an equity index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +14.1%.

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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $75.5bn on Oct 27, 2026 for iShares Russell 2000 ETF.

BWET on its own →IWM on its own →

At a glance

+5,121.7%

BWET total return, 1 year

+14.1%

IWM total return, 1 year

4.68%

BWET expense ratio

0.19%

IWM expense ratio

Pair scorecard

IWM costs 4.49 points a year less; their one-year returns differ by 5107.6 points; IWM is far larger, $74.6bn against $186m.

BWET vs IWM: Differences, Returns & Fees
Measure	BWET	IWM
Return
Measure	BWET	IWM
Total return, 1 year	+5,121.7%	+14.1%
Drawdown
Measure	BWET	IWM
Below its high	11.2%, high on Oct 8, 2026	7.6%, high on Aug 14, 2026
Benchmark
Measure	BWET	IWM
What it tracks	Tanker freight futures	Russell 2000 Index
Cost and size
Measure	BWET	IWM
Expense ratio	4.68%	0.19%
Net assets, as of Oct 26, 2026	$186m	$74.6bn
Holdings
Measure	BWET	IWM
Holdings in common	not published
In the S&P 500, by weight		0%
Top ten holdings, share of the fund		3.3%

Method

Side by side

BWET Breakwave Tanker Shipping ETF IWM iShares Russell 2000 ETF

Where it sits Commodity ETF Stock ETF

Issuer Breakwave iShares

What it is Holds tanker freight futures Tracks the Russell 2000

Total return, 1 year +5,121.7% +14.1%

Its benchmark over the same days not measured +14.3% (VTWO)

Gap to its benchmark not measured −0.2 pts vs VTWO

Expense ratio 4.68% 0.19%

Holdings not counted 1977

Net assets, BWET as of Oct 28, 2026 and IWM as of Oct 27, 2026 $178m $75.5bn

BWET and IWM on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Alert

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.

IWM

IWM tracks the Russell 2000. Over the year to Oct 28, 2026 it returned +14.1% with distributions reinvested, against +14.3% for its benchmark, the Russell 2000 Index. The prospectus expense ratio is 0.19% 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 1,977 positions, with the top ten at 3.3%. It sat 7.6% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BWET or IWM?: In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and IWM +14.1%.
Which is cheaper, BWET or IWM?: IWM is cheaper, by 4.49 percentage points a year. That is about $449 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

BWET vs IWC BWET vs VB BWET vs IJR BWET vs IJT IWM vs USO IWM vs SIVR IWM vs SLV GLDM vs IWM

Where to next

BWET on its own →IWM on its own →Hold both: look the portfolio through →Rankings →IWM dividend history →IWM holdings →Standards and sources →

Sources and dates

Breakwave page for BWET ↗

IWM filings on SEC EDGAR ↗

IWM prospectus with the expense ratio (SEC) ↗

iShares page for IWM ↗

Links are sources, not endorsements. A comparison is not a recommendation.

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ETFIQ, BWET against IWM, data as of Oct 28, 2026. https://etfiq.com/compare/any/bwet-vs-iwm

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