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Data as of Oct 28, 2026.

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BWET vs SPSB: Differences, Returns & Fees

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BWET is a commodity futures fund and SPSB a bond index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +2.2%.

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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $11.3bn on Oct 27, 2026 for State Street SPDR Portfolio Short Term Corporate Bond ETF.

BWET on its own →SPSB on its own →
At a glance
+5,121.7%
BWET total return, 1 year
+2.2%
SPSB total return, 1 year
4.68%
BWET expense ratio
0.04%
SPSB expense ratio

Pair scorecard

SPSB costs 4.64 points a year less; their one-year returns differ by 5119.5 points; SPSB is far larger, $11.2bn against $186m.

BWET vs SPSB: Differences, Returns & Fees
MeasureBWETSPSB
Return
Total return, 1 year+5,121.7%+2.2%
Drawdown
Below its high11.2%, high on Oct 8, 2026
Benchmark
What it tracksTanker freight futuresBloomberg U.S. 1-3 Year Corporate Bond Index
Cost and size
Expense ratio4.68%0.04%
Net assets, as of Oct 26, 2026$186m$11.2bn
Holdings
Holdings in commonnot published

Method

Side by side

BWET Breakwave Tanker Shipping ETF SPSB State Street SPDR Portfolio Short Term Corporate Bond ETF
Where it sits Commodity ETF Bond ETF
Issuer Breakwave State Street
What it is Holds tanker freight futures Tracks an index of Short Term Corporate Bond
Total return, 1 year +5,121.7% +2.2%
Its benchmark over the same days not measured −1.4% (AGG)
Gap to its benchmark not measured +3.6 pts vs AGG
Expense ratio 4.68% 0.04%
Holdings not counted 1684
Net assets, BWET as of Oct 28, 2026 and SPSB as of Oct 27, 2026 $178m $11.3bn

BWET and SPSB 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.

SPSB

SPSB tracks an index of Short Term Corporate Bond. Over the year to Oct 28, 2026 it returned +2.2% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.04% a year.

Questions people ask

Which returned more over the last year, BWET or SPSB?
In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and SPSB +2.2%.
Which is cheaper, BWET or SPSB?
SPSB is cheaper, by 4.64 percentage points a year. That is about $464 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
BWET vs IGSBBWET vs VCSHBSV vs BWETBWET vs SCHPSPSB vs USOSIVR vs SPSBSLV vs SPSBGLDM vs SPSB
Where to next
BWET on its own →SPSB on its own →Hold both: look the portfolio through →Rankings →SPSB dividend history →SPSB holdings →Standards and sources →
Sources and dates
Breakwave page for BWET ↗
SPSB filings on SEC EDGAR ↗
SPSB prospectus with the expense ratio (SEC) ↗
State Street website ↗

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

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

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