Data as of Oct 28, 2026.

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BWET vs VHT: Differences, Returns & Fees

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BWET is a commodity futures fund and VHT an equity index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +25.0%.

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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $19.1bn on Sep 30, 2026 for Vanguard Health Care ETF.

At a glance
+5,121.7%
BWET total return, 1 year
+25.0%
VHT total return, 1 year
4.68%
BWET expense ratio
0.09%
VHT expense ratio

Pair scorecard

VHT costs 4.59 points a year less; their one-year returns differ by 5096.7 points.

BWET vs VHT: Differences, Returns & Fees
MeasureBWETVHT
Return
Total return, 1 year+5,121.7%+25.0%
Drawdown
Below its high11.2%, high on Oct 8, 2026
Benchmark
What it tracksTanker freight futuresMSCI US Investable Market Index (IMI)/Health Care 25/50
Cost and size
Expense ratio4.68%0.09%
Net assets, BWET as of Oct 28, 2026 and VHT as of Sep 30, 2026$178m$19.1bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight86%
Top ten holdings, share of the fund51.8%

Method

Risk and return

May 12, 2023 to Oct 23, 2026 · 180 weekly returns
BWET VHT
Return
Total return edge BWET +5,753.7% +43.8%
Annualized edge BWET +224.0% +11.1%
Price return edge BWET +5,753.7% +36.4%
Risk
Volatility edge VHT 87.4% 14.6%
Max drawdown edge VHT −55.9% −16.1%
Risk-adjusted
Sharpe edge BWET 1.71 0.48
Sortino edge BWET 3.72 0.69
Calmar edge BWET 4.01 0.69
Reading

BWET returned more: +5,753.7% to +43.8%. VHT swung less: 14.6% to 87.4%. VHT fell less at its worst: −16.1% to −55.9%.

Full scorecard

9 measures, with how each is measured
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Risk and return: BWET vs VHT: Differences, Returns & Fees
MeasureBWETVHTEdgeHow it is measured
Return
Total return+5,753.7%+43.8%BWETPrice change plus distributions, reinvested.
Annualized+224.0%+11.1%BWETTotal return as a yearly rate.
Price return+5,753.7%+36.4%BWETPrice change alone, distributions left out.
Risk
Volatility87.4%14.6%VHTSpread of weekly returns, annualized. Lower is steadier.
Downside deviation40.2%10.1%VHTLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−55.9%−16.1%VHTDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe1.710.48BWETReturn above Treasury bills per unit of volatility.
Sortino3.720.69BWETReturn above Treasury bills per unit of downside deviation.
Calmar4.010.69BWETAnnualized 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 VHT Vanguard Health Care ETF
Where it sits Commodity ETF Stock ETF
What it is Holds tanker freight futures Tracks an index of Health Care
Total return, 1 year +5,121.7% +25.0%
Its benchmark over the same days not measured +25.4% (FHLC)
Gap to its benchmark not measured −0.4 pts vs FHLC
Expense ratio 4.68% 0.09%
Holdings not counted 414
Net assets, BWET as of Oct 28, 2026 and VHT as of Sep 30, 2026 $178m $19.1bn

BWET and VHT 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.

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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.

VHT

VHT tracks an index of Health Care. Over the year to Oct 28, 2026 it returned +25.0% with distributions reinvested, against +25.4% for its benchmark, the MSCI US Investable Market Index (IMI)/Health Care 25/50. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer as of Sep 30, 2026, 86% of the fund by weight is stocks the S&P 500 also holds, across 414 positions, with the top ten at 51.8%.

Questions people ask

Which returned more over the last year, BWET or VHT?
In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and VHT +25.0%.
Which is cheaper, BWET or VHT?
VHT is cheaper, by 4.59 percentage points a year. That is about $459 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
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ETFIQ, BWET against VHT, data as of Oct 28, 2026. https://etfiq.com/compare/any/bwet-vs-vht

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