Data as of Oct 28, 2026.
BWET vs VBIL: Differences, Returns & Fees
BWET is a commodity futures fund and VBIL a short-term Treasury fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +3.7%.
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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $12.8bn on Sep 30, 2026 for Vanguard 0-3 Month Treasury Bill ETF.
Pair scorecard
VBIL costs 4.62 points a year less; their one-year returns differ by 5118.0 points.
| Measure | BWET | VBIL |
|---|---|---|
| Return | ||
| Total return, 1 year | +5,121.7% | +3.7% |
| Drawdown | ||
| Below its high | 11.2%, high on Oct 8, 2026 | |
| Benchmark | ||
| What it tracks | Tanker freight futures | Bloomberg U.S. Treasury Bills 0-3 Months Index |
| Cost and size | ||
| Expense ratio | 4.68% | 0.06% |
| Net assets, BWET as of Oct 28, 2026 and VBIL as of Sep 30, 2026 | $178m | $12.8bn |
| Holdings | ||
| Holdings in common | not published | |
Risk and return
Feb 21, 2025 to Oct 23, 2026 · 87 weekly returnsBWET returned more: +8,099.9% to +6.7%. VBIL swung less: 0.1% to 106.5%. VBIL fell less at its worst: 0.0% to −39.6%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | BWET | VBIL | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +8,099.9% | +6.7% | BWET | Price change plus distributions, reinvested. |
| Annualized | +1,292.8% | +3.9% | BWET | Total return as a yearly rate. |
| Price return | +8,099.9% | +0.8% | BWET | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 106.5% | 0.1% | VBIL | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 44.9% | 0.1% | VBIL | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −39.6% | 0.0% | VBIL | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 2.99 | −0.64 | BWET | Return above Treasury bills per unit of volatility. |
| Sortino | 7.09 | −0.90 | BWET | Return above Treasury bills per unit of downside deviation. |
| Calmar | 32.64 | Not measured | Annualized return divided by the max drawdown. | |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 87 weekly returns. Cash rate: the 13-week Treasury bill.
Side by side
BWET and VBIL 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.
VBIL
VBIL tracks an index of 0-3 Month Treasury Bill. Over the year to Oct 28, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.06% a year.
Questions people ask
- Which returned more over the last year, BWET or VBIL?
- In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and VBIL +3.7%.
- Which is cheaper, BWET or VBIL?
- VBIL is cheaper, by 4.62 percentage points a year. That is about $462 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 VBIL, data as of Oct 28, 2026. https://etfiq.com/compare/any/bwet-vs-vbil
ETFIQ. (Oct 28, 2026). BWET against VBIL. Retrieved from https://etfiq.com/compare/any/bwet-vs-vbil
[BWET against VBIL (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bwet-vs-vbil)
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