IQ

Data as of Oct 28, 2026.

vsCompare their flowsaskIQ about these two fundsAsk the committee about these two funds
Across categories

BWET vs REMX: Differences, Returns & Fees

Share
Share on XDownload as PDF

Over the year to Oct 28, 2026, BWET returned +5,121.7% to REMX's −19.2%, and REMX charges 0.53% to BWET's 4.68%.

askIQ about this page

askIQ about BWET and REMX

Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $1.5bn on Oct 27, 2026 for VanEck Rare Earth and Strategic Metals ETF.

BWET on its own →REMX on its own →
At a glance
+5,121.7%
BWET total return, 1 year
−19.2%
REMX total return, 1 year
4.68%
BWET expense ratio
0.53%
REMX expense ratio

Pair scorecard

REMX costs 4.15 points a year less; their one-year returns differ by 5140.9 points; REMX is 9.0 times larger.

BWET vs REMX: Differences, Returns & Fees
MeasureBWETREMX
Return
Total return, 1 year+5,121.7%−19.2%
Drawdown
Below its high11.2%, high on Oct 8, 2026
Below its all-time high75.1%, high on Apr 11, 2011
Against its benchmark
What it tracksTanker freight futuresRare earth and critical materials
Against its benchmark, 1 yearbehind by 32.6 pts
Cost and size
Expense ratio4.68%0.53%
Net assets, as of Oct 23, 2026$166m$1.5bn
Active share vs the S&P 500100%
Holdings
Holdings in commonnot published
In the S&P 500, by weight9%
Top ten holdings, share of the fund61%

Method

Risk and return

May 12, 2023 to Oct 23, 2026 · 180 weekly returns
BWET REMX
Return
Total return edge BWET +5,753.7% −36.3%
Annualized edge BWET +224.0% −12.2%
Price return edge BWET +5,753.7% −38.9%
Risk
Volatility edge REMX 87.4% 40.2%
Max drawdown edge BWET (slight) −55.9% −59.0%
Risk-adjusted
Sharpe edge BWET 1.71 −0.24
Sortino edge BWET 3.72 −0.34
Calmar edge BWET 4.01 −0.21
Reading

BWET returned more: +5,753.7% to −36.3%. REMX swung less: 40.2% to 87.4%. BWET fell slightly less at its worst: −55.9% to −59.0%.

Full scorecard

9 measures, with how each is measured Open ↓
Risk and return: BWET vs REMX: Differences, Returns & Fees
MeasureBWETREMXEdgeHow it is measured
Return
Total return+5,753.7%−36.3%BWETPrice change plus distributions, reinvested.
Annualized+224.0%−12.2%BWETTotal return as a yearly rate.
Price return+5,753.7%−38.9%BWETPrice change alone, distributions left out.
Risk
Volatility87.4%40.2%REMXSpread of weekly returns, annualized. Lower is steadier.
Downside deviation40.2%28.3%REMXLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−55.9%−59.0%BWET (slight)Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe1.71−0.24BWETReturn above Treasury bills per unit of volatility.
Sortino3.72−0.34BWETReturn above Treasury bills per unit of downside deviation.
Calmar4.01−0.21BWETAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 180 weekly returns. Cash rate: the 13-week Treasury bill.

Side by side

BWET Breakwave Tanker Shipping ETF REMX VanEck Rare Earth and Strategic Metals ETF
Where it sits Commodity ETF Thematic ETF
Issuer Breakwave VanEck
What it is Holds tanker freight futures Rare earth and critical materials
Total return, 1 year +5,121.7% −19.2%
Its benchmark over the same days not measured +13.4% (ACWI)
Gap to its benchmark not measured −32.6 pts vs ACWI
Expense ratio 4.68% 0.53%
Holdings not counted 32
Net assets, BWET as of Oct 28, 2026 and REMX as of Oct 27, 2026 $178m $1.5bn

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

Client brief

No client brief for this pair: ETFIQ prints no one-year total return for BWET.

Alert

BWET and REMX flows, by email on Sundays.

One-click unsubscribe. See Privacy.

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.

REMX

By weight, 9% of REMX's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 61% of the fund across 32 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned −19.2% with distributions reinvested against +13.4% for its benchmark, the MSCI ACWI Index, so a holder was behind by 32.6 pts. It sits 75.1% below its all-time high of Apr 11, 2011.

Questions people ask

Are BWET and REMX in the same category?
BWET is a commodity ETF and REMX is a thematic ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which returned more over the last year, BWET or REMX?
In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and REMX −19.2%.
Which is cheaper, BWET or REMX?
REMX is cheaper, by 4.15 percentage points a year. That is about $415 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
BWET vs LYTEBWET vs GDXBWET vs XBIBWET vs IBBREMX vs USOREMX vs SLVGLDM vs REMXIAU vs REMX
Where to next
BWET on its own →REMX on its own →Hold both: look the portfolio through →Rankings →REMX dividend history →REMX holdings →Standards and sources →
Sources and dates
Breakwave page for BWET ↗
REMX filings on SEC EDGAR ↗
REMX prospectus with the expense ratio (SEC) ↗
VanEck website ↗

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

Cite this pageCitation, APA and Markdown

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

Open data →

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