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

In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and USMV +10.8%.

Which is cheaper, BWET or USMV?

USMV 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.

Data as of Oct 28, 2026.

Across categories

BWET vs USMV: Differences, Returns & Fees

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BWET is a commodity futures fund and USMV an equity index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +10.8%.

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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $24.1bn on Oct 27, 2026 for iShares MSCI USA Min Vol Factor ETF.

BWET on its own →USMV on its own →

At a glance

+5,121.7%

BWET total return, 1 year

+10.8%

USMV total return, 1 year

4.68%

BWET expense ratio

0.15%

USMV expense ratio

Pair scorecard

USMV costs 4.53 points a year less; their one-year returns differ by 5110.9 points; USMV is far larger, $24.1bn against $166m.

BWET vs USMV: Differences, Returns & Fees
Measure	BWET	USMV
Return
Measure	BWET	USMV
Total return, 1 year	+5,121.7%	+10.8%
Drawdown
Measure	BWET	USMV
Below its high	11.2%, high on Oct 8, 2026
Benchmark
Measure	BWET	USMV
What it tracks	Tanker freight futures	MSCI USA Minimum Volatility (USD) Index
Cost and size
Measure	BWET	USMV
Expense ratio	4.68%	0.15%
Net assets, as of Oct 23, 2026	$166m	$24.1bn
Holdings
Measure	BWET	USMV
Holdings in common	not published
In the S&P 500, by weight		93%
Top ten holdings, share of the fund		14.8%

Method

Side by side

BWET Breakwave Tanker Shipping ETF USMV iShares MSCI USA Min Vol Factor ETF

Where it sits Commodity ETF Stock ETF

Issuer Breakwave iShares

What it is Holds tanker freight futures Tracks the MSCI USA Min Vol Factor

Total return, 1 year +5,121.7% +10.8%

Expense ratio 4.68% 0.15%

Holdings not counted 176

Net assets, BWET as of Oct 28, 2026 and USMV as of Oct 27, 2026 $178m $24.1bn

BWET and USMV 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.

USMV

USMV tracks the MSCI USA Min Vol Factor. Over the year to Oct 28, 2026 it returned +10.8% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 176 positions, with the top ten at 14.8%.

Questions people ask

Which returned more over the last year, BWET or USMV?: In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and USMV +10.8%.
Which is cheaper, BWET or USMV?: USMV 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 RDVY BWET vs CGGR BWET vs SPMO BWET vs DFUS USMV vs USO SIVR vs USMV SLV vs USMV GLDM vs USMV

Where to next

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

Sources and dates

Breakwave page for BWET ↗

USMV filings on SEC EDGAR ↗

USMV prospectus with the expense ratio (SEC) ↗

iShares page for USMV ↗

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

Cite this pageCitation, APA and Markdown

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

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