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Data as of Oct 28, 2026.

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BWET vs IYR: Differences, Returns & Fees

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BWET is a commodity futures fund and IYR an equity index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +3.4%.

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Net assets on Oct 28, 2026: $178m for Breakwave Tanker Shipping ETF and $3.9bn for iShares U.S. Real Estate ETF.

BWET on its own →IYR on its own →
At a glance
+5,121.7%
BWET total return, 1 year
+3.4%
IYR total return, 1 year
4.68%
BWET expense ratio
0.37%
IYR expense ratio

Pair scorecard

IYR costs 4.31 points a year less; their one-year returns differ by 5118.3 points; IYR is far larger, $3.9bn against $178m.

BWET vs IYR: Differences, Returns & Fees
MeasureBWETIYR
Return
Total return, 1 year+5,121.7%+3.4%
Drawdown
Below its high11.2%, high on Oct 8, 20268.6%, high on Jul 28, 2026
Benchmark
What it tracksTanker freight futuresDow Jones U.S. Real Estate Capped Index
Cost and size
Expense ratio4.68%0.37%
Net assets$178m$3.9bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight80%
Holdings datedOct 27, 2026
Top ten holdings, share of the fund52.5%

Method

Side by side

BWET Breakwave Tanker Shipping ETF IYR iShares U.S. Real Estate ETF
Where it sits Commodity ETF Stock ETF
Issuer Breakwave iShares
What it is Holds tanker freight futures Tracks an index of U.S. Real Estate
Total return, 1 year +5,121.7% +3.4%
Expense ratio 4.68% 0.37%
Holdings not counted 59
Net assets $178m $3.9bn

BWET and IYR 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.

IYR

IYR tracks an index of U.S. Real Estate. Over the year to Oct 28, 2026 it returned +3.4% with distributions reinvested. The prospectus expense ratio is 0.37% a year. By its holdings published by its issuer for Oct 27, 2026, 80% of the fund by weight is stocks the S&P 500 also holds, across 59 positions, with the top ten at 52.5%. It sat 8.6% below its high of Jul 28, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BWET or IYR?
In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and IYR +3.4%.
Which is cheaper, BWET or IYR?
IYR 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
BWET vs SCHHBWET vs VNQBWET vs XLREBWET vs KREIYR vs USOIYR vs SIVRIYR vs SLVGLDM vs IYR
Where to next
BWET on its own →IYR on its own →Hold both: look the portfolio through →Rankings →IYR dividend history →IYR holdings →Standards and sources →
Sources and dates
Breakwave page for BWET ↗
IYR filings on SEC EDGAR ↗
IYR prospectus with the expense ratio (SEC) ↗
iShares page for IYR ↗

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

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

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