Which returned more over the last year, BWET or ONEQ?

In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and ONEQ +12.7%.

Which is cheaper, BWET or ONEQ?

ONEQ is cheaper, by 4.47 percentage points a year. That is about $447 on $10,000 held for a year. Fees come from each fund's own filings.

Data as of Oct 28, 2026.

Across categories

BWET vs ONEQ: Differences, Returns & Fees

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BWET is a commodity futures fund and ONEQ an equity index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +12.7%.

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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $10.9bn on Sep 30, 2026 for Fidelity Nasdaq Composite Index ETF.

BWET on its own →ONEQ on its own →

At a glance

+5,121.7%

BWET total return, 1 year

+12.7%

ONEQ total return, 1 year

4.68%

BWET expense ratio

0.21%

ONEQ expense ratio

Pair scorecard

ONEQ costs 4.47 points a year less; their one-year returns differ by 5109.0 points.

BWET vs ONEQ: Differences, Returns & Fees
Measure	BWET	ONEQ
Return
Measure	BWET	ONEQ
Total return, 1 year	+5,121.7%	+12.7%
Drawdown
Measure	BWET	ONEQ
Below its high	11.2%, high on Oct 8, 2026	3.8%, high on Oct 6, 2026
Benchmark
Measure	BWET	ONEQ
What it tracks	Tanker freight futures	Nasdaq Composite Index
Cost and size
Measure	BWET	ONEQ
Expense ratio	4.68%	0.21%
Net assets, BWET as of Oct 28, 2026 and ONEQ as of Sep 30, 2026	$178m	$10.9bn
Holdings
Measure	BWET	ONEQ
Holdings in common	not published
In the S&P 500, by weight		85%
Holdings dated		Aug 31, 2026
Top ten holdings, share of the fund		56.0%

Method

Side by side

BWET Breakwave Tanker Shipping ETF ONEQ Fidelity Nasdaq Composite Index ETF

Where it sits Commodity ETF Stock ETF

Issuer Breakwave Fidelity

What it is Holds tanker freight futures Tracks the Nasdaq Composite

Total return, 1 year +5,121.7% +12.7%

Expense ratio 4.68% 0.21%

Holdings not counted 1026

Net assets, BWET as of Oct 28, 2026 and ONEQ as of Sep 30, 2026 $178m $10.9bn

BWET and ONEQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Alert

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.

ONEQ

ONEQ tracks the Nasdaq Composite. Over the year to Oct 28, 2026 it returned +12.7% with distributions reinvested. The prospectus expense ratio is 0.21% a year. By its holdings filed for Aug 31, 2026, 85% of the fund by weight is stocks the S&P 500 also holds, across 1,026 positions, with the top ten at 56.0%. It sat 3.8% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BWET or ONEQ?: In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and ONEQ +12.7%.
Which is cheaper, BWET or ONEQ?: ONEQ is cheaper, by 4.47 percentage points a year. That is about $447 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

BWET vs MAGS BWET vs MGK BWET vs QQQM BWET vs IWF ONEQ vs USO ONEQ vs SIVR ONEQ vs SLV GLDM vs ONEQ

Where to next

BWET on its own →ONEQ on its own →Hold both: look the portfolio through →Rankings →ONEQ dividend history →ONEQ holdings →Standards and sources →

Sources and dates

Breakwave page for BWET ↗

ONEQ filings on SEC EDGAR ↗

ONEQ prospectus with the expense ratio (SEC) ↗

Fidelity website ↗

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

Cite this pageCitation, APA and Markdown

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

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.