Which returned more over the last year, BWET or XLB?

In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and XLB +18.5%.

Which is cheaper, BWET or XLB?

XLB is cheaper, by 4.60 percentage points a year. That is about $460 on $10,000 held for a year. Fees come from each fund's own filings.

Data as of Oct 28, 2026.

Across categories

BWET vs XLB: Differences, Returns & Fees

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BWET is a commodity futures fund and XLB an equity index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +18.5%.

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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $8.1bn on Oct 27, 2026 for State Street Materials Select Sector SPDR ETF.

BWET on its own →XLB on its own →

At a glance

+5,121.7%

BWET total return, 1 year

+18.5%

XLB total return, 1 year

4.68%

BWET expense ratio

0.08%

XLB expense ratio

Pair scorecard

XLB costs 4.60 points a year less; their one-year returns differ by 5103.2 points; XLB is far larger, $8.0bn against $186m.

BWET vs XLB: Differences, Returns & Fees
Measure	BWET	XLB
Return
Measure	BWET	XLB
Total return, 1 year	+5,121.7%	+18.5%
Drawdown
Measure	BWET	XLB
Below its high	11.2%, high on Oct 8, 2026
Benchmark
Measure	BWET	XLB
What it tracks	Tanker freight futures	Materials Select Sector Index
Cost and size
Measure	BWET	XLB
Expense ratio	4.68%	0.08%
Net assets, as of Oct 26, 2026	$186m	$8.0bn
Holdings
Measure	BWET	XLB
Holdings in common	not published
In the S&P 500, by weight		100%
Top ten holdings, share of the fund		58.5%

Method

Side by side

BWET Breakwave Tanker Shipping ETF XLB State Street Materials Select Sector SPDR ETF

Where it sits Commodity ETF Stock ETF

Issuer Breakwave State Street

What it is Holds tanker freight futures Tracks an index of Materials

Total return, 1 year +5,121.7% +18.5%

Expense ratio 4.68% 0.08%

Holdings not counted 25

Net assets, BWET as of Oct 28, 2026 and XLB as of Oct 27, 2026 $178m $8.1bn

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

Alert

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.

XLB

XLB tracks an index of Materials. Over the year to Oct 28, 2026 it returned +18.5% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 25 positions, with the top ten at 58.5%.

Questions people ask

Which returned more over the last year, BWET or XLB?: In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and XLB +18.5%.
Which is cheaper, BWET or XLB?: XLB is cheaper, by 4.60 percentage points a year. That is about $460 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

BWET vs XHB BWET vs XLV BWET vs XLF BWET vs VPU USO vs XLB SIVR vs XLB SLV vs XLB GLDM vs XLB

Where to next

BWET on its own →XLB on its own →Hold both: look the portfolio through →Rankings →XLB dividend history →XLB holdings →Standards and sources →

Sources and dates

Breakwave page for BWET ↗

XLB filings on SEC EDGAR ↗

XLB prospectus with the expense ratio (SEC) ↗

State Street website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, BWET against XLB, data as of Oct 28, 2026. https://etfiq.com/compare/any/bwet-vs-xlb

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.