Data as of Oct 28, 2026.
BWET vs MAGS: Differences, Returns & Fees
BWET is a commodity futures fund and MAGS an actively managed equity fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +5.8%.
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Net assets on Oct 28, 2026: $178m for Breakwave Tanker Shipping ETF and $5.5bn for Roundhill Magnificent Seven ETF.
Pair scorecard
MAGS costs 4.38 points a year less; their one-year returns differ by 5115.9 points; MAGS is far larger, $5.5bn against $178m.
| Measure | BWET | MAGS |
|---|---|---|
| Return | ||
| Total return, 1 year | +5,121.7% | +5.8% |
| Drawdown | ||
| Below its high | 11.2%, high on Oct 8, 2026 | 4.1%, high on Oct 13, 2026 |
| Benchmark | ||
| What it tracks | Tanker freight futures | No index, actively managed |
| Cost and size | ||
| Expense ratio | 4.68% | 0.30% |
| Net assets | $178m | $5.5bn |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 22% | |
| Holdings dated | Jun 30, 2026 | |
| Top ten holdings, share of the fund | 29.3% | |
Risk and return
May 12, 2023 to Oct 23, 2026 · 180 weekly returnsBWET returned more: +5,753.7% to +169.1%. MAGS swung less: 24.0% to 87.4%. MAGS fell less at its worst: −26.6% to −55.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | BWET | MAGS | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +5,753.7% | +169.1% | BWET | Price change plus distributions, reinvested. |
| Annualized | +224.0% | +33.1% | BWET | Total return as a yearly rate. |
| Price return | +5,753.7% | +161.9% | BWET | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 87.4% | 24.0% | MAGS | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 40.2% | 14.6% | MAGS | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −55.9% | −26.6% | MAGS | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 1.71 | 1.12 | BWET | Return above Treasury bills per unit of volatility. |
| Sortino | 3.72 | 1.84 | BWET | Return above Treasury bills per unit of downside deviation. |
| Calmar | 4.01 | 1.25 | BWET | 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 MAGS 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.
MAGS
MAGS is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +5.8% with distributions reinvested. The prospectus expense ratio is 0.30% a year. By its holdings filed for Jun 30, 2026, 22% of the fund by weight is stocks the S&P 500 also holds, across 8 positions, with the top ten at 29.3%. It sat 4.1% below its high of Oct 13, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, BWET or MAGS?
- In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and MAGS +5.8%.
- Which is cheaper, BWET or MAGS?
- MAGS is cheaper, by 4.38 percentage points a year. That is about $438 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 MAGS, data as of Oct 28, 2026. https://etfiq.com/compare/any/bwet-vs-mags
ETFIQ. (Oct 28, 2026). BWET against MAGS. Retrieved from https://etfiq.com/compare/any/bwet-vs-mags
[BWET against MAGS (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bwet-vs-mags)
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