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

In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and SPMO +18.4%.

Which is cheaper, BWET or SPMO?

SPMO is cheaper, by 4.55 percentage points a year. That is about $455 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 SPMO: Differences, Returns & Fees

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BWET is a commodity futures fund and SPMO an equity index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +18.4%.

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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $22.3bn on Oct 27, 2026 for Invesco S&P 500 Momentum ETF.

BWET on its own →SPMO on its own →

At a glance

+5,121.7%

BWET total return, 1 year

+18.4%

SPMO total return, 1 year

4.68%

BWET expense ratio

0.13%

SPMO expense ratio

Pair scorecard

SPMO costs 4.55 points a year less; their one-year returns differ by 5103.3 points; SPMO is far larger, $21.9bn against $186m.

BWET vs SPMO: Differences, Returns & Fees
Measure	BWET	SPMO
Return
Measure	BWET	SPMO
Total return, 1 year	+5,121.7%	+18.4%
Drawdown
Measure	BWET	SPMO
Below its high	11.2%, high on Oct 8, 2026	10.2%, high on Jun 22, 2026
Benchmark
Measure	BWET	SPMO
What it tracks	Tanker freight futures	S&P 500 Momentum Index
Cost and size
Measure	BWET	SPMO
Expense ratio	4.68%	0.13%
Net assets, as of Oct 26, 2026	$186m	$21.9bn
Holdings
Measure	BWET	SPMO
Holdings in common	not published
In the S&P 500, by weight		100%
Top ten holdings, share of the fund		50.7%

Method

Side by side

BWET Breakwave Tanker Shipping ETF SPMO Invesco S&P 500 Momentum ETF

Where it sits Commodity ETF Stock ETF

Issuer Breakwave Invesco

What it is Holds tanker freight futures Tracks the S&P 500 Momentum

Total return, 1 year +5,121.7% +18.4%

Its benchmark over the same days not measured +13.7% (VOO)

Gap to its benchmark not measured +4.7 pts vs VOO

Expense ratio 4.68% 0.13%

Holdings not counted 101

Net assets, BWET as of Oct 28, 2026 and SPMO as of Oct 27, 2026 $178m $22.3bn

BWET and SPMO 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.

SPMO

SPMO tracks the S&P 500 Momentum. Over the year to Oct 28, 2026 it returned +18.4% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.13% 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 101 positions, with the top ten at 50.7%. It sat 10.2% below its high of Jun 22, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BWET or SPMO?: In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and SPMO +18.4%.
Which is cheaper, BWET or SPMO?: SPMO is cheaper, by 4.55 percentage points a year. That is about $455 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

BWET vs SPHQ BWET vs VTI BWET vs SPY BWET vs IVV SPMO vs USO SIVR vs SPMO SLV vs SPMO GLDM vs SPMO

Where to next

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

Sources and dates

Breakwave page for BWET ↗

SPMO filings on SEC EDGAR ↗

SPMO prospectus with the expense ratio (SEC) ↗

Invesco page for SPMO ↗

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

Cite this pageCitation, APA and Markdown

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

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