Data as of Oct 28, 2026.
BWET vs VOO: Differences, Returns & Fees
BWET is a commodity futures fund and VOO an equity index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +13.7%.
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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $1.0tn on Sep 30, 2026 for Vanguard S&P 500 ETF.
Pair scorecard
VOO costs 4.65 points a year less; their one-year returns differ by 5108.0 points.
| Measure | BWET | VOO |
|---|---|---|
| Return | ||
| Total return, 1 year | +5,121.7% | +13.7% |
| Drawdown | ||
| Below its high | 11.2%, high on Oct 8, 2026 | |
| Benchmark | ||
| What it tracks | Tanker freight futures | S&P 500 Index |
| Cost and size | ||
| Expense ratio | 4.68% | 0.03% |
| Net assets, BWET as of Oct 28, 2026 and VOO as of Sep 30, 2026 | $178m | $1.0tn |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 39.1% | |
Risk and return
May 12, 2023 to Oct 23, 2026 · 180 weekly returnsBWET returned more: +5,753.7% to +93.4%. VOO swung less: 13.9% to 87.4%. VOO fell less at its worst: −16.7% to −55.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | BWET | VOO | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +5,753.7% | +93.4% | BWET | Price change plus distributions, reinvested. |
| Annualized | +224.0% | +21.0% | BWET | Total return as a yearly rate. |
| Price return | +5,753.7% | +84.7% | BWET | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 87.4% | 13.9% | VOO | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 40.2% | 8.9% | VOO | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −55.9% | −16.7% | VOO | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 1.71 | 1.11 | BWET | Return above Treasury bills per unit of volatility. |
| Sortino | 3.72 | 1.74 | BWET | Return above Treasury bills per unit of downside deviation. |
| Calmar | 4.01 | 1.26 | 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 and VOO 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.
VOO
VOO tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 507 positions, with the top ten at 39.1%.
Questions people ask
- Which returned more over the last year, BWET or VOO?
- In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and VOO +13.7%.
- Which is cheaper, BWET or VOO?
- VOO is cheaper, by 4.65 percentage points a year. That is about $465 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 VOO, data as of Oct 28, 2026. https://etfiq.com/compare/any/bwet-vs-voo
ETFIQ. (Oct 28, 2026). BWET against VOO. Retrieved from https://etfiq.com/compare/any/bwet-vs-voo
[BWET against VOO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bwet-vs-voo)
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