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

In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and PULS +4.0%.

Which is cheaper, BWET or PULS?

PULS is cheaper, by 4.53 percentage points a year. That is about $453 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 PULS: Differences, Returns & Fees

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BWET is a commodity futures fund and PULS an actively managed short-term fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +4.0%.

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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $19.8bn on Oct 27, 2026 for PGIM Ultra Short Bond ETF.

BWET on its own →PULS on its own →

At a glance

+5,121.7%

BWET total return, 1 year

+4.0%

PULS total return, 1 year

4.68%

BWET expense ratio

0.15%

PULS expense ratio

Pair scorecard

PULS costs 4.53 points a year less; their one-year returns differ by 5117.7 points; PULS is far larger, $19.8bn against $186m.

BWET vs PULS: Differences, Returns & Fees
Measure	BWET	PULS
Return
Measure	BWET	PULS
Total return, 1 year	+5,121.7%	+4.0%
Drawdown
Measure	BWET	PULS
Below its high	11.2%, high on Oct 8, 2026
Benchmark
Measure	BWET	PULS
What it tracks	Tanker freight futures	No index, actively managed
Cost and size
Measure	BWET	PULS
Expense ratio	4.68%	0.15%
Net assets, as of Oct 26, 2026	$186m	$19.8bn
Holdings
Measure	BWET	PULS
Holdings in common	not published

Method

Side by side

BWET Breakwave Tanker Shipping ETF PULS PGIM Ultra Short Bond ETF

Where it sits Commodity ETF Bond ETF

Issuer Breakwave PGIM

What it is Holds tanker freight futures Actively managed

Total return, 1 year +5,121.7% +4.0%

Expense ratio 4.68% 0.15%

Holdings not counted 553

Net assets, BWET as of Oct 28, 2026 and PULS as of Oct 27, 2026 $178m $19.8bn

BWET and PULS 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.

PULS

PULS is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +4.0% with distributions reinvested. The prospectus expense ratio is 0.15% a year.

Questions people ask

Which returned more over the last year, BWET or PULS?: In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and PULS +4.0%.
Which is cheaper, BWET or PULS?: PULS is cheaper, by 4.53 percentage points a year. That is about $453 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

BWET vs MINT BWET vs SGOV BWET vs SHV BWET vs USFR PULS vs USO PULS vs SIVR PULS vs SLV GLDM vs PULS

Where to next

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

Sources and dates

Breakwave page for BWET ↗

PULS filings on SEC EDGAR ↗

PULS prospectus with the expense ratio (SEC) ↗

PGIM website ↗

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

Cite this pageCitation, APA and Markdown

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

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