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Data as of Oct 28, 2026.

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BWET vs IYW: Differences, Returns & Fees

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BWET is a commodity futures fund and IYW an equity index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +23.2%.

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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $25.0bn on Oct 27, 2026 for iShares U.S. Technology ETF.

BWET on its own →IYW on its own →
At a glance
+5,121.7%
BWET total return, 1 year
+23.2%
IYW total return, 1 year
4.68%
BWET expense ratio
0.37%
IYW expense ratio

Pair scorecard

IYW costs 4.31 points a year less; their one-year returns differ by 5098.5 points; IYW is far larger, $24.6bn against $186m.

BWET vs IYW: Differences, Returns & Fees
MeasureBWETIYW
Return
Total return, 1 year+5,121.7%+23.2%
Drawdown
Below its high11.2%, high on Oct 8, 20265.5%, high on Oct 6, 2026
Benchmark
What it tracksTanker freight futuresRussell 1000 Technology RIC 22
Cost and size
Expense ratio4.68%0.37%
Net assets, as of Oct 26, 2026$186m$24.6bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight94%
Top ten holdings, share of the fund65.1%

Method

Side by side

BWET Breakwave Tanker Shipping ETF IYW iShares U.S. Technology ETF
Where it sits Commodity ETF Stock ETF
Issuer Breakwave iShares
What it is Holds tanker freight futures Tracks an index of U.S. Technology
Total return, 1 year +5,121.7% +23.2%
Its benchmark over the same days not measured +13.1% (IWB)
Gap to its benchmark not measured +10.1 pts vs IWB
Expense ratio 4.68% 0.37%
Holdings not counted 150
Net assets, BWET as of Oct 28, 2026 and IYW as of Oct 27, 2026 $178m $25.0bn

BWET and IYW 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.

IYW

IYW tracks an index of U.S. Technology. Over the year to Oct 28, 2026 it returned +23.2% with distributions reinvested, against +13.1% for its benchmark, the Russell 1000 Index. The prospectus expense ratio is 0.37% a year. By its holdings published by its issuer for Oct 27, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 150 positions, with the top ten at 65.1%. It sat 5.5% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BWET or IYW?
In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and IYW +23.2%.
Which is cheaper, BWET or IYW?
IYW 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 FTECBWET vs IGMBWET vs XLKBWET vs VGTIYW vs USOIYW vs SIVRIYW vs SLVGLDM vs IYW
Where to next
BWET on its own →IYW on its own →Hold both: look the portfolio through →Rankings →IYW dividend history →IYW holdings →Standards and sources →
Sources and dates
Breakwave page for BWET ↗
IYW filings on SEC EDGAR ↗
IYW prospectus with the expense ratio (SEC) ↗
iShares page for IYW ↗

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

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

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