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Data as of Oct 28, 2026.

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BWET vs SHY: Differences, Returns & Fees

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BWET is a commodity futures fund and SHY a bond index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +1.6%.

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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $27.4bn on Oct 27, 2026 for iShares 1-3 Year Treasury Bond ETF.

BWET on its own →SHY on its own →
At a glance
+5,121.7%
BWET total return, 1 year
+1.6%
SHY total return, 1 year
4.68%
BWET expense ratio
0.15%
SHY expense ratio

Pair scorecard

SHY costs 4.53 points a year less; their one-year returns differ by 5120.1 points; SHY is far larger, $27.3bn against $186m.

BWET vs SHY: Differences, Returns & Fees
MeasureBWETSHY
Return
Total return, 1 year+5,121.7%+1.6%
Drawdown
Below its high11.2%, high on Oct 8, 2026
Benchmark
What it tracksTanker freight futuresICE U.S. Treasury 1-3 Year Bond Index
Cost and size
Expense ratio4.68%0.15%
Net assets, as of Oct 26, 2026$186m$27.3bn
Holdings
Holdings in commonnot published

Method

Side by side

BWET Breakwave Tanker Shipping ETF SHY iShares 1-3 Year Treasury Bond ETF
Where it sits Commodity ETF Bond ETF
Issuer Breakwave iShares
What it is Holds tanker freight futures Tracks an index of 1-3 Year Treasury Bond
Total return, 1 year +5,121.7% +1.6%
Its benchmark over the same days not measured +1.7% (BBSB)
Gap to its benchmark not measured −0.1 pts vs BBSB
Expense ratio 4.68% 0.15%
Holdings not counted 90
Net assets, BWET as of Oct 28, 2026 and SHY as of Oct 27, 2026 $178m $27.4bn

BWET and SHY 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.

SHY

SHY tracks an index of 1-3 Year Treasury Bond. Over the year to Oct 28, 2026 it returned +1.6% with distributions reinvested, against +1.7% for its benchmark, the ICE U.S. Treasury 1-3 Year Bond Index. The prospectus expense ratio is 0.15% a year.

Questions people ask

Which returned more over the last year, BWET or SHY?
In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and SHY +1.6%.
Which is cheaper, BWET or SHY?
SHY is cheaper, by 4.53 percentage points a year. That is about $453 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
BWET vs VGSHBWET vs IEIBWET vs IGSBBWET vs MBBSHY vs USOSHY vs SIVRSHY vs SLVGLDM vs SHY
Where to next
BWET on its own →SHY on its own →Hold both: look the portfolio through →Rankings →SHY dividend history →SHY holdings →Standards and sources →
Sources and dates
Breakwave page for BWET ↗
SHY filings on SEC EDGAR ↗
SHY prospectus with the expense ratio (SEC) ↗
iShares page for SHY ↗

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

Cite this pageCitation, APA and Markdown

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

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