Data as of Oct 28, 2026.

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BWET vs SCHD: Differences, Returns & Fees

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BWET is a commodity futures fund and SCHD an equity index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +34.5%.

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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $112.3bn on Aug 31, 2026 for Schwab U.S. Dividend Equity ETF.

At a glance
+5,121.7%
BWET total return, 1 year
+34.5%
SCHD total return, 1 year
4.68%
BWET expense ratio
0.06%
SCHD expense ratio

Pair scorecard

SCHD costs 4.62 points a year less; their one-year returns differ by 5087.2 points.

BWET vs SCHD: Differences, Returns & Fees
MeasureBWETSCHD
Return
Total return, 1 year+5,121.7%+34.5%
Drawdown
Below its high11.2%, high on Oct 8, 2026
Benchmark
What it tracksTanker freight futuresDow Jones U.S. Dividend 100 Index
Cost and size
Expense ratio4.68%0.06%
Net assets, BWET as of Oct 28, 2026 and SCHD as of Aug 31, 2026$178m$112.3bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight95%
Top ten holdings, share of the fund41.7%

Method

Side by side

BWET Breakwave Tanker Shipping ETF SCHD Schwab U.S. Dividend Equity ETF
Where it sits Commodity ETF Stock ETF
What it is Holds tanker freight futures Tracks an index of US dividend
Total return, 1 year +5,121.7% +34.5%
Expense ratio 4.68% 0.06%
Holdings not counted 99
Net assets, BWET as of Oct 28, 2026 and SCHD as of Aug 31, 2026 $178m $112.3bn

BWET and SCHD 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.

SCHD

SCHD tracks an index of US dividend. Over the year to Oct 28, 2026 it returned +34.5% with distributions reinvested. The prospectus expense ratio is 0.06% a year. By its holdings filed for Aug 31, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 99 positions, with the top ten at 41.7%.

Questions people ask

Which returned more over the last year, BWET or SCHD?
In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and SCHD +34.5%.
Which is cheaper, BWET or SCHD?
SCHD is cheaper, by 4.62 percentage points a year. That is about $462 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, BWET against SCHD, data as of Oct 28, 2026. https://etfiq.com/compare/any/bwet-vs-schd

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