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

In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and SGOV +3.7%.

Which is cheaper, BWET or SGOV?

SGOV is cheaper, by 4.59 percentage points a year. That is about $459 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 SGOV: Differences, Returns & Fees

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BWET is a commodity futures fund and SGOV a short-term Treasury fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +3.7%.

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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $117.0bn on Oct 27, 2026 for iShares 0-3 Month Treasury Bond ETF.

BWET on its own →SGOV on its own →

At a glance

+5,121.7%

BWET total return, 1 year

+3.7%

SGOV total return, 1 year

4.68%

BWET expense ratio

0.09%

SGOV expense ratio

Pair scorecard

SGOV costs 4.59 points a year less; their one-year returns differ by 5118.0 points; SGOV is far larger, $116.9bn against $186m.

BWET vs SGOV: Differences, Returns & Fees
Measure	BWET	SGOV
Return
Measure	BWET	SGOV
Total return, 1 year	+5,121.7%	+3.7%
Drawdown
Measure	BWET	SGOV
Below its high	11.2%, high on Oct 8, 2026
Benchmark
Measure	BWET	SGOV
What it tracks	Tanker freight futures	ICE 0-3 Month US Treasury Securities Index
Cost and size
Measure	BWET	SGOV
Expense ratio	4.68%	0.09%
Net assets, as of Oct 26, 2026	$186m	$116.9bn
Holdings
Measure	BWET	SGOV
Holdings in common	not published

Method

Side by side

BWET Breakwave Tanker Shipping ETF SGOV iShares 0-3 Month Treasury Bond ETF

Where it sits Commodity ETF Bond ETF

Issuer Breakwave iShares

What it is Holds tanker freight futures Tracks an index of 0-3 month T-bills

Total return, 1 year +5,121.7% +3.7%

Expense ratio 4.68% 0.09%

Holdings not counted 22

Net assets, BWET as of Oct 28, 2026 and SGOV as of Oct 27, 2026 $178m $117.0bn

BWET and SGOV 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.

SGOV

SGOV tracks an index of 0-3 month T-bills. Over the year to Oct 28, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.09% a year.

Questions people ask

Which returned more over the last year, BWET or SGOV?: In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and SGOV +3.7%.
Which is cheaper, BWET or SGOV?: SGOV is cheaper, by 4.59 percentage points a year. That is about $459 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

BWET vs PULS BWET vs MINT BWET vs VBIL BWET vs VUSB SGOV vs USO SGOV vs SIVR SGOV vs SLV GLDM vs SGOV

Where to next

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

Sources and dates

Breakwave page for BWET ↗

SGOV filings on SEC EDGAR ↗

SGOV prospectus with the expense ratio (SEC) ↗

iShares page for SGOV ↗

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

Cite this pageCitation, APA and Markdown

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

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