Data as of Oct 28, 2026.

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BWET vs IYE: Differences, Returns & Fees

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BWET is a commodity futures fund and IYE an equity index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +58.8%.

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Net assets on Oct 28, 2026: $178m for Breakwave Tanker Shipping ETF and $1.8bn for iShares U.S. Energy ETF.

At a glance
+5,121.7%
BWET total return, 1 year
+58.8%
IYE total return, 1 year
4.68%
BWET expense ratio
0.37%
IYE expense ratio

Pair scorecard

IYE costs 4.31 points a year less; their one-year returns differ by 5062.9 points; IYE is 10.1 times larger.

BWET vs IYE: Differences, Returns & Fees
MeasureBWETIYE
Return
Total return, 1 year+5,121.7%+58.8%
Drawdown
Below its high11.2%, high on Oct 8, 2026
Benchmark
What it tracksTanker freight futuresRussell 1000 Energy RIC 22
Cost and size
Expense ratio4.68%0.37%
Net assets$178m$1.8bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight67%
Holdings datedOct 27, 2026
Top ten holdings, share of the fund71.5%

Method

Side by side

BWET Breakwave Tanker Shipping ETF IYE iShares U.S. Energy ETF
Where it sits Commodity ETF Stock ETF
What it is Holds tanker freight futures Tracks an index of U.S. Energy
Total return, 1 year +5,121.7% +58.8%
Expense ratio 4.68% 0.37%
Holdings not counted 41
Net assets $178m $1.8bn

BWET and IYE 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.

IYE

IYE tracks an index of U.S. Energy. Over the year to Oct 28, 2026 it returned +58.8% with distributions reinvested. The prospectus expense ratio is 0.37% a year. By its holdings published by its issuer for Oct 27, 2026, 67% of the fund by weight is stocks the S&P 500 also holds, across 41 positions, with the top ten at 71.5%.

Questions people ask

Which returned more over the last year, BWET or IYE?
In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and IYE +58.8%.
Which is cheaper, BWET or IYE?
IYE is cheaper, by 4.31 percentage points a year. That is about $431 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
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ETFIQ, BWET against IYE, data as of Oct 28, 2026. https://etfiq.com/compare/any/bwet-vs-iye

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