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

In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and SPYG +12.2%.

Which is cheaper, BWET or SPYG?

SPYG 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.

Data as of Oct 28, 2026.

Across categories

BWET vs SPYG: Differences, Returns & Fees

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BWET is a commodity futures fund and SPYG an equity index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +12.2%.

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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $55.9bn on Oct 27, 2026 for State Street SPDR Portfolio S&P 500 Growth ETF.

BWET on its own →SPYG on its own →

At a glance

+5,121.7%

BWET total return, 1 year

+12.2%

SPYG total return, 1 year

4.68%

BWET expense ratio

0.04%

SPYG expense ratio

Pair scorecard

SPYG costs 4.64 points a year less; their one-year returns differ by 5109.5 points; SPYG is far larger, $55.3bn against $186m.

BWET vs SPYG: Differences, Returns & Fees
Measure	BWET	SPYG
Return
Measure	BWET	SPYG
Total return, 1 year	+5,121.7%	+12.2%
Drawdown
Measure	BWET	SPYG
Below its high	11.2%, high on Oct 8, 2026	4.1%, high on Oct 6, 2026
Benchmark
Measure	BWET	SPYG
What it tracks	Tanker freight futures	S&P 500 Growth Index
Cost and size
Measure	BWET	SPYG
Expense ratio	4.68%	0.04%
Net assets, as of Oct 26, 2026	$186m	$55.3bn
Holdings
Measure	BWET	SPYG
Holdings in common	not published
In the S&P 500, by weight		100%
Top ten holdings, share of the fund		59.6%

Method

Risk and return

May 12, 2023 to Oct 23, 2026 · 180 weekly returns

BWET SPYG

Return

Total return edge BWET +5,753.7% +115.7%

Annualized edge BWET +224.0% +24.9%

Price return edge BWET +5,753.7% +110.3%

Risk

Volatility edge SPYG 87.4% 18.2%

Max drawdown edge SPYG −55.9% −21.4%

Risk-adjusted

Sharpe edge BWET 1.71 1.06

Sortino edge BWET 3.72 1.68

Calmar edge BWET 4.01 1.16

Reading

BWET returned more: +5,753.7% to +115.7%. SPYG swung less: 18.2% to 87.4%. SPYG fell less at its worst: −21.4% to −55.9%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: BWET vs SPYG: Differences, Returns & Fees
Measure	BWET	SPYG	Edge	How it is measured
Return
Total return	+5,753.7%	+115.7%	BWET	Price change plus distributions, reinvested.
Annualized	+224.0%	+24.9%	BWET	Total return as a yearly rate.
Price return	+5,753.7%	+110.3%	BWET	Price change alone, distributions left out.
Risk
Volatility	87.4%	18.2%	SPYG	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	40.2%	11.5%	SPYG	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−55.9%	−21.4%	SPYG	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	1.71	1.06	BWET	Return above Treasury bills per unit of volatility.
Sortino	3.72	1.68	BWET	Return above Treasury bills per unit of downside deviation.
Calmar	4.01	1.16	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 Breakwave Tanker Shipping ETF SPYG State Street SPDR Portfolio S&P 500 Growth ETF

Where it sits Commodity ETF Stock ETF

Issuer Breakwave State Street

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

Total return, 1 year +5,121.7% +12.2%

Its benchmark over the same days not measured +12.1% (IVW)

Gap to its benchmark not measured +0.1 pts vs IVW

Expense ratio 4.68% 0.04%

Holdings not counted 152

Net assets, BWET as of Oct 28, 2026 and SPYG as of Oct 27, 2026 $178m $55.9bn

BWET and SPYG on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief

No client brief for this pair: ETFIQ prints no one-year total return for BWET.

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.

SPYG

SPYG tracks the S&P 500 Growth. Over the year to Oct 28, 2026 it returned +12.2% with distributions reinvested, against +12.1% for its benchmark, the S&P 500 Growth Index. The prospectus expense ratio is 0.04% 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 152 positions, with the top ten at 59.6%. It sat 4.1% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BWET or SPYG?: In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and SPYG +12.2%.
Which is cheaper, BWET or SPYG?: SPYG 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 FBCG BWET vs MAGS BWET vs GARP BWET vs XOVR SPYG vs USO SIVR vs SPYG SLV vs SPYG GLDM vs SPYG

Where to next

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

Sources and dates

Breakwave page for BWET ↗

SPYG filings on SEC EDGAR ↗

SPYG prospectus with the expense ratio (SEC) ↗

State Street website ↗

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

Cite this pageCitation, APA and Markdown

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

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