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Data as of Oct 28, 2026.

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BWET vs PDBC: Differences, Returns & Fees

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BWET is a commodity futures fund and PDBC an actively managed commodity fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +55.6%.

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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $8.0bn on Oct 27, 2026 for Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF.

BWET on its own →PDBC on its own →
At a glance
+5,121.7%
BWET total return, 1 year
+55.6%
PDBC total return, 1 year
4.68%
BWET expense ratio
0.59%
PDBC expense ratio

Pair scorecard

PDBC costs 4.09 points a year less; their one-year returns differ by 5066.1 points; PDBC is far larger, $8.1bn against $186m.

BWET vs PDBC: Differences, Returns & Fees
MeasureBWETPDBC
Return
Total return, 1 year+5,121.7%+55.6%
Drawdown
Below its high11.2%, high on Oct 8, 2026
Benchmark
What it tracksTanker freight futuresNo index, actively managed
Cost and size
Expense ratio4.68%0.59%
Net assets, as of Oct 26, 2026$186m$8.1bn
Holdings
Holdings in commonnot published

Method

Side by side

BWET Breakwave Tanker Shipping ETF PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
Where it sits Commodity ETF Commodity ETF
Issuer Breakwave Invesco
What it is Holds tanker freight futures Actively managed
Total return, 1 year +5,121.7% +55.6%
Its benchmark over the same days not measured +54.6% (DBC)
Gap to its benchmark not measured +1.0 pts vs DBC
Expense ratio 4.68% 0.59%
Holdings not counted 1
Net assets, BWET as of Oct 28, 2026 and PDBC as of Oct 27, 2026 $178m $8.0bn

BWET and PDBC 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.

PDBC

PDBC is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +55.6% with distributions reinvested, against +54.6% for its benchmark, the DBIQ Optimum Yield Diversified Commodity Index Excess Return. The prospectus expense ratio is 0.59% a year.

Questions people ask

Which returned more over the last year, BWET or PDBC?
In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and PDBC +55.6%.
Which is cheaper, BWET or PDBC?
PDBC is cheaper, by 4.09 percentage points a year. That is about $409 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
BWET vs HGERBWET vs IAUBWET vs GLDMBWET vs USOPDBC vs USOPDBC vs SIVRPDBC vs SLVGLDM vs PDBC
Where to next
BWET on its own →PDBC on its own →Hold both: look the portfolio through →Rankings →PDBC dividend history →PDBC holdings →Standards and sources →
Sources and dates
Breakwave page for BWET ↗
PDBC filings on SEC EDGAR ↗
PDBC prospectus with the expense ratio (SEC) ↗
Invesco page for PDBC ↗

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

Cite this pageCitation, APA and Markdown

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

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