Data as of Oct 28, 2026.
BWET vs SPHQ: Differences, Returns & Fees
BWET is a commodity futures fund and SPHQ an equity index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +14.1%.
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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $18.7bn on Oct 27, 2026 for Invesco S&P 500 Quality ETF.
Pair scorecard
SPHQ costs 4.53 points a year less; their one-year returns differ by 5107.6 points; SPHQ is far larger, $18.7bn against $186m.
| Measure | BWET | SPHQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +5,121.7% | +14.1% |
| Drawdown | ||
| Below its high | 11.2%, high on Oct 8, 2026 | 6.4%, high on Jun 30, 2026 |
| Benchmark | ||
| What it tracks | Tanker freight futures | S&P 500 Quality Index |
| Cost and size | ||
| Expense ratio | 4.68% | 0.15% |
| Net assets, as of Oct 26, 2026 | $186m | $18.7bn |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 43.3% | |
Risk and return
May 12, 2023 to Oct 23, 2026 · 180 weekly returnsBWET returned more: +5,753.7% to +82.8%. SPHQ swung less: 13.6% to 87.4%. SPHQ fell less at its worst: −14.7% to −55.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | BWET | SPHQ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +5,753.7% | +82.8% | BWET | Price change plus distributions, reinvested. |
| Annualized | +224.0% | +19.0% | BWET | Total return as a yearly rate. |
| Price return | +5,753.7% | +75.3% | BWET | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 87.4% | 13.6% | SPHQ | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 40.2% | 9.0% | SPHQ | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −55.9% | −14.7% | SPHQ | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 1.71 | 1.02 | BWET | Return above Treasury bills per unit of volatility. |
| Sortino | 3.72 | 1.53 | BWET | Return above Treasury bills per unit of downside deviation. |
| Calmar | 4.01 | 1.30 | BWET | Annualized 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 and SPHQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
No client brief for this pair: ETFIQ prints no one-year total return for 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.
SPHQ
SPHQ tracks the S&P 500 Quality. Over the year to Oct 28, 2026 it returned +14.1% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 102 positions, with the top ten at 43.3%. It sat 6.4% below its high of Jun 30, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, BWET or SPHQ?
- In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and SPHQ +14.1%.
- Which is cheaper, BWET or SPHQ?
- SPHQ 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.
Links are sources, not endorsements. A comparison is not a recommendation.
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ETFIQ, BWET against SPHQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/bwet-vs-sphq
ETFIQ. (Oct 28, 2026). BWET against SPHQ. Retrieved from https://etfiq.com/compare/any/bwet-vs-sphq
[BWET against SPHQ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bwet-vs-sphq)
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