Data as of Oct 28, 2026.
BWET vs PVAL: Differences, Returns & Fees
BWET is a commodity futures fund and PVAL an actively managed equity fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +26.6%.
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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $14.1bn on Aug 31, 2026 for Putnam Focused Large Cap Value ETF.
Pair scorecard
PVAL costs 4.13 points a year less; their one-year returns differ by 5095.1 points.
| Measure | BWET | PVAL |
|---|---|---|
| Return | ||
| Total return, 1 year | +5,121.7% | +26.6% |
| 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% | 0.55% |
| Net assets, BWET as of Oct 28, 2026 and PVAL as of Aug 31, 2026 | $178m | $14.1bn |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 91% | |
| Top ten holdings, share of the fund | 42.8% | |
Side by side
BWET and PVAL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
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.
Over the year to Oct 28, 2026 it returned +26.6% with distributions reinvested, against +27.5% for its benchmark, the Russell 1000 Value Index.
PVAL is actively managed and tracks no index. The prospectus expense ratio is 0.55% a year. By its holdings filed for Aug 31, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 44 positions, with the top ten at 42.8%.
Questions people ask
- Which returned more over the last year, BWET or PVAL?
- In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and PVAL +26.6%.
- Which is cheaper, BWET or PVAL?
- PVAL is cheaper, by 4.13 percentage points a year. That is about $413 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 PVAL, data as of Oct 28, 2026. https://etfiq.com/compare/any/bwet-vs-pval
ETFIQ. (Oct 28, 2026). BWET against PVAL. Retrieved from https://etfiq.com/compare/any/bwet-vs-pval
[BWET against PVAL (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bwet-vs-pval)
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