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

In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and XLI +10.2%.

Which is cheaper, BWET or XLI?

XLI 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 XLI: Differences, Returns & Fees

Share on X Download as PDF

BWET is a commodity futures fund and XLI an equity index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +10.2%.

askIQ about this page

askIQ about BWET and XLI

Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $30.8bn on Oct 27, 2026 for State Street Industrial Select Sector SPDR ETF.

BWET on its own →XLI on its own →

At a glance

+5,121.7%

BWET total return, 1 year

+10.2%

XLI total return, 1 year

4.68%

BWET expense ratio

0.08%

XLI expense ratio

Pair scorecard

XLI costs 4.60 points a year less; their one-year returns differ by 5111.5 points; XLI is far larger, $30.5bn against $186m.

BWET vs XLI: Differences, Returns & Fees
Measure	BWET	XLI
Return
Measure	BWET	XLI
Total return, 1 year	+5,121.7%	+10.2%
Drawdown
Measure	BWET	XLI
Below its high	11.2%, high on Oct 8, 2026	9.4%, high on Aug 14, 2026
Benchmark
Measure	BWET	XLI
What it tracks	Tanker freight futures	Industrial Select Sector Index
Cost and size
Measure	BWET	XLI
Expense ratio	4.68%	0.08%
Net assets, as of Oct 26, 2026	$186m	$30.5bn
Holdings
Measure	BWET	XLI
Holdings in common	not published
In the S&P 500, by weight		100%
Top ten holdings, share of the fund		37.8%

Method

Side by side

BWET Breakwave Tanker Shipping ETF XLI State Street Industrial 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 Industrials

Total return, 1 year +5,121.7% +10.2%

Its benchmark over the same days not measured +13.6% (SPY)

Gap to its benchmark not measured −3.4 pts vs SPY

Expense ratio 4.68% 0.08%

Holdings not counted 84

Net assets, BWET as of Oct 28, 2026 and XLI as of Oct 27, 2026 $178m $30.8bn

BWET and XLI 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.

XLI

XLI tracks an index of Industrials. Over the year to Oct 28, 2026 it returned +10.2% with distributions reinvested, against +13.6% for its benchmark, the S&P 500 Index. 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 84 positions, with the top ten at 37.8%. It sat 9.4% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BWET or XLI?: In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and XLI +10.2%.
Which is cheaper, BWET or XLI?: XLI 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 XLF BWET vs XLP BWET vs SCHH BWET vs XLB USO vs XLI SIVR vs XLI SLV vs XLI GLDM vs XLI

Where to next

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

Sources and dates

Breakwave page for BWET ↗

XLI filings on SEC EDGAR ↗

XLI 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 XLI, data as of Oct 28, 2026. https://etfiq.com/compare/any/bwet-vs-xli

Open data →

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