Data as of Oct 28, 2026.

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BWET vs VPL: Differences, Returns & Fees

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BWET is a commodity futures fund and VPL an equity index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +24.8%.

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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $9.0bn on Sep 30, 2026 for Vanguard FTSE Pacific ETF.

At a glance
+5,121.7%
BWET total return, 1 year
+24.8%
VPL total return, 1 year
4.68%
BWET expense ratio
0.07%
VPL expense ratio

Pair scorecard

VPL costs 4.61 points a year less; their one-year returns differ by 5096.9 points.

BWET vs VPL: Differences, Returns & Fees
MeasureBWETVPL
Return
Total return, 1 year+5,121.7%+24.8%
Drawdown
Below its high11.2%, high on Oct 8, 20267.2%, high on Jun 22, 2026
Benchmark
What it tracksTanker freight futuresFTSE Developed Asia Pacific All Cap Index
Cost and size
Expense ratio4.68%0.07%
Net assets, BWET as of Oct 28, 2026 and VPL as of Sep 30, 2026$178m$9.0bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight0%
Top ten holdings, share of the fund24.8%

Method

Side by side

BWET Breakwave Tanker Shipping ETF VPL Vanguard FTSE Pacific ETF
Where it sits Commodity ETF Stock ETF
What it is Holds tanker freight futures Tracks an index of Pacific Stock
Total return, 1 year +5,121.7% +24.8%
Expense ratio 4.68% 0.07%
Holdings not counted 2343
Net assets, BWET as of Oct 28, 2026 and VPL as of Sep 30, 2026 $178m $9.0bn

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

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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.

VPL

VPL tracks an index of Pacific Stock. Over the year to Oct 28, 2026 it returned +24.8% with distributions reinvested. The prospectus expense ratio is 0.07% a year. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2,343 positions, with the top ten at 24.8%. It sat 7.2% below its high of Jun 22, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BWET or VPL?
In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and VPL +24.8%.
Which is cheaper, BWET or VPL?
VPL is cheaper, by 4.61 percentage points a year. That is about $461 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, BWET against VPL, data as of Oct 28, 2026. https://etfiq.com/compare/any/bwet-vs-vpl

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