Data as of Oct 28, 2026.
BWET vs VWO: Differences, Returns & Fees
BWET is a commodity futures fund and VWO an equity index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +4.8%.
askIQ about this page
askIQ about BWET and VWO
Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $125.4bn on Sep 30, 2026 for Vanguard FTSE Emerging Markets ETF.
Pair scorecard
VWO costs 4.62 points a year less; their one-year returns differ by 5116.9 points.
| Measure | BWET | VWO |
|---|---|---|
| Return | ||
| Total return, 1 year | +5,121.7% | +4.8% |
| Drawdown | ||
| Below its high | 11.2%, high on Oct 8, 2026 | 7.0%, high on Sep 4, 2026 |
| Benchmark | ||
| What it tracks | Tanker freight futures | FTSE Emerging Markets All Cap China A Inclusion Index |
| Cost and size | ||
| Expense ratio | 4.68% | 0.06% |
| Net assets, BWET as of Oct 28, 2026 and VWO as of Sep 30, 2026 | $178m | $125.4bn |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 0% | |
| Top ten holdings, share of the fund | 29.8% | |
Risk and return
May 12, 2023 to Oct 23, 2026 · 180 weekly returnsBWET returned more: +5,753.7% to +58.2%. VWO swung less: 15.1% to 87.4%. VWO fell less at its worst: −12.0% to −55.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | BWET | VWO | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +5,753.7% | +58.2% | BWET | Price change plus distributions, reinvested. |
| Annualized | +224.0% | +14.2% | BWET | Total return as a yearly rate. |
| Price return | +5,753.7% | +43.5% | BWET | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 87.4% | 15.1% | VWO | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 40.2% | 10.4% | VWO | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −55.9% | −12.0% | VWO | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 1.71 | 0.65 | BWET | Return above Treasury bills per unit of volatility. |
| Sortino | 3.72 | 0.95 | BWET | Return above Treasury bills per unit of downside deviation. |
| Calmar | 4.01 | 1.18 | 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 VWO 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.
VWO
VWO tracks an index of Emerging markets. Over the year to Oct 28, 2026 it returned +4.8% with distributions reinvested. The prospectus expense ratio is 0.06% 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 6,515 positions, with the top ten at 29.8%. It sat 7.0% below its high of Sep 4, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, BWET or VWO?
- In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and VWO +4.8%.
- Which is cheaper, BWET or VWO?
- VWO 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.
Cite this pageCitation, APA and Markdown
ETFIQ, BWET against VWO, data as of Oct 28, 2026. https://etfiq.com/compare/any/bwet-vs-vwo
ETFIQ. (Oct 28, 2026). BWET against VWO. Retrieved from https://etfiq.com/compare/any/bwet-vs-vwo
[BWET against VWO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bwet-vs-vwo)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.