Data as of Oct 28, 2026.

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BWET vs XLC: Differences, Returns & Fees

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BWET is a commodity futures fund and XLC an equity index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against −10.4%.

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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $22.1bn on Oct 27, 2026 for State Street Communication Services Select Sector SPDR ETF.

At a glance
+5,121.7%
BWET total return, 1 year
−10.4%
XLC total return, 1 year
4.68%
BWET expense ratio
0.08%
XLC expense ratio

Pair scorecard

XLC costs 4.60 points a year less; their one-year returns differ by 5132.1 points; XLC is far larger, $22.2bn against $186m.

BWET vs XLC: Differences, Returns & Fees
MeasureBWETXLC
Return
Total return, 1 year+5,121.7%−10.4%
Drawdown
Below its high11.2%, high on Oct 8, 202613.3%, high on Jan 30, 2026
Benchmark
What it tracksTanker freight futuresCommunication Services Select Sector Index
Cost and size
Expense ratio4.68%0.08%
Net assets, as of Oct 26, 2026$186m$22.2bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight100%
Top ten holdings, share of the fund75.3%

Method

Side by side

BWET Breakwave Tanker Shipping ETF XLC State Street Communication Services Select Sector SPDR ETF
Where it sits Commodity ETF Stock ETF
What it is Holds tanker freight futures Tracks an index of Communication services
Total return, 1 year +5,121.7% −10.4%
Expense ratio 4.68% 0.08%
Holdings not counted 23
Net assets, BWET as of Oct 28, 2026 and XLC as of Oct 27, 2026 $178m $22.1bn

BWET and XLC 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.

XLC

XLC tracks an index of Communication services. Over the year to Oct 28, 2026 it returned −10.4% 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 23 positions, with the top ten at 75.3%. It sat 13.3% below its high of Jan 30, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BWET or XLC?
In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and XLC −10.4%.
Which is cheaper, BWET or XLC?
XLC 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.
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ETFIQ, BWET against XLC, data as of Oct 28, 2026. https://etfiq.com/compare/any/bwet-vs-xlc

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