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Data as of Oct 28, 2026.

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BWET vs QQQ: Differences, Returns & Fees

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BWET is a commodity futures fund and QQQ an equity index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +15.2%.

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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $483.0bn on Oct 27, 2026 for Invesco QQQ Trust, Series 1.

BWET on its own →QQQ on its own →
At a glance
+5,121.7%
BWET total return, 1 year
+15.2%
QQQ total return, 1 year
4.68%
BWET expense ratio
0.18%
QQQ expense ratio

Pair scorecard

QQQ costs 4.50 points a year less; their one-year returns differ by 5106.5 points; QQQ is far larger, $476.7bn against $186m.

BWET vs QQQ: Differences, Returns & Fees
MeasureBWETQQQ
Return
Total return, 1 year+5,121.7%+15.2%
Drawdown
Below its high11.2%, high on Oct 8, 20264.5%, high on Oct 6, 2026
Benchmark
What it tracksTanker freight futuresNasdaq-100 Index
Cost and size
Expense ratio4.68%0.18%
Net assets, as of Oct 26, 2026$186m$476.7bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight96%
Top ten holdings, share of the fund46.7%

Method

Side by side

BWET Breakwave Tanker Shipping ETF QQQ Invesco QQQ Trust, Series 1
Where it sits Commodity ETF Stock ETF
Issuer Breakwave Invesco
What it is Holds tanker freight futures Tracks the Nasdaq-100
Total return, 1 year +5,121.7% +15.2%
Its benchmark over the same days not measured +15.2% (QQQM)
Gap to its benchmark not measured 0.0 pts vs QQQM
Expense ratio 4.68% 0.18%
Holdings not counted 103
Net assets, BWET as of Oct 28, 2026 and QQQ as of Oct 27, 2026 $178m $483.0bn

BWET and QQQ 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.

QQQ

QQQ tracks the Nasdaq-100. Over the year to Oct 28, 2026 it returned +15.2% with distributions reinvested, against +15.2% for its benchmark, the Nasdaq-100 Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 27, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 103 positions, with the top ten at 46.7%. It sat 4.5% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BWET or QQQ?
In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and QQQ +15.2%.
Which is cheaper, BWET or QQQ?
QQQ is cheaper, by 4.50 percentage points a year. That is about $450 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
BWET vs VUGBWET vs IWFBWET vs QQQMBWET vs SCHGQQQ vs USOQQQ vs SIVRQQQ vs SLVGLDM vs QQQ
Where to next
BWET on its own →QQQ on its own →Hold both: look the portfolio through →Rankings →QQQ dividend history →QQQ holdings →Standards and sources →
Sources and dates
Breakwave page for BWET ↗
QQQ filings on SEC EDGAR ↗
QQQ prospectus with the expense ratio (SEC) ↗
Invesco page for QQQ ↗

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

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

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