Data as of Oct 28, 2026.
BWET vs JAAA: Differences, Returns & Fees
BWET is a commodity futures fund and JAAA an actively managed bond fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +4.7%.
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Net assets on Oct 28, 2026: $178m for Breakwave Tanker Shipping ETF and $32.5bn for Janus Henderson AAA CLO ETF.
Pair scorecard
JAAA costs 4.48 points a year less; their one-year returns differ by 5117.0 points; JAAA is far larger, $32.5bn against $178m.
| Measure | BWET | JAAA |
|---|---|---|
| Return | ||
| Total return, 1 year | +5,121.7% | +4.7% |
| Drawdown | ||
| Below its high | 11.2%, high on Oct 8, 2026 | |
| Benchmark | ||
| What it tracks | Tanker freight futures | No index, actively managed |
| Cost and size | ||
| Expense ratio | 4.68% | 0.20% |
| Net assets | $178m | $32.5bn |
| Holdings | ||
| Holdings in common | not published | |
Risk and return
May 12, 2023 to Oct 23, 2026 · 180 weekly returnsBWET returned more: +5,753.7% to +24.1%. JAAA swung less: 1.0% to 87.4%. JAAA fell less at its worst: −1.2% to −55.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | BWET | JAAA | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +5,753.7% | +24.1% | BWET | Price change plus distributions, reinvested. |
| Annualized | +224.0% | +6.4% | BWET | Total return as a yearly rate. |
| Price return | +5,753.7% | +2.2% | BWET | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 87.4% | 1.0% | JAAA | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 40.2% | 0.6% | JAAA | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −55.9% | −1.2% | JAAA | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 1.71 | 1.71 | Tie | Return above Treasury bills per unit of volatility. |
| Sortino | 3.72 | 2.59 | BWET | Return above Treasury bills per unit of downside deviation. |
| Calmar | 4.01 | 5.30 | JAAA | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 180 weekly returns. Cash rate: the 13-week Treasury bill.
Side by side
BWET and JAAA on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
No client brief for this pair: ETFIQ prints no one-year total return for 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.
JAAA
JAAA is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +4.7% with distributions reinvested. The prospectus expense ratio is 0.20% a year.
Questions people ask
- Which returned more over the last year, BWET or JAAA?
- In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and JAAA +4.7%.
- Which is cheaper, BWET or JAAA?
- JAAA is cheaper, by 4.48 percentage points a year. That is about $448 on $10,000 held for a year. Fees come from each fund's own filings.
Links are sources, not endorsements. A comparison is not a recommendation.
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ETFIQ, BWET against JAAA, data as of Oct 28, 2026. https://etfiq.com/compare/any/bwet-vs-jaaa
ETFIQ. (Oct 28, 2026). BWET against JAAA. Retrieved from https://etfiq.com/compare/any/bwet-vs-jaaa
[BWET against JAAA (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bwet-vs-jaaa)
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