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Data as of Oct 28, 2026.

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BWET vs XLY: Differences, Returns & Fees

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BWET is a commodity futures fund and XLY an equity index fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against −3.6%.

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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $22.4bn on Oct 27, 2026 for State Street Consumer Discretionary Select Sector SPDR ETF.

BWET on its own →XLY on its own →
At a glance
+5,121.7%
BWET total return, 1 year
−3.6%
XLY total return, 1 year
4.68%
BWET expense ratio
0.08%
XLY expense ratio

Pair scorecard

XLY costs 4.60 points a year less; their one-year returns differ by 5125.3 points; XLY is far larger, $22.1bn against $186m.

BWET vs XLY: Differences, Returns & Fees
MeasureBWETXLY
Return
Total return, 1 year+5,121.7%−3.6%
Drawdown
Below its high11.2%, high on Oct 8, 20266.8%, high on Jan 12, 2026
Benchmark
What it tracksTanker freight futuresConsumer Discretionary Select Sector Index
Cost and size
Expense ratio4.68%0.08%
Net assets, as of Oct 26, 2026$186m$22.1bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight100%
Top ten holdings, share of the fund68.5%

Method

Side by side

BWET Breakwave Tanker Shipping ETF XLY State Street Consumer Discretionary 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 Consumer discretionary
Total return, 1 year +5,121.7% −3.6%
Its benchmark over the same days not measured +13.6% (SPY)
Gap to its benchmark not measured −17.2 pts vs SPY
Expense ratio 4.68% 0.08%
Holdings not counted 48
Net assets, BWET as of Oct 28, 2026 and XLY as of Oct 27, 2026 $178m $22.4bn

BWET and XLY 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.

XLY

XLY tracks an index of Consumer discretionary. Over the year to Oct 28, 2026 it returned −3.6% 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 48 positions, with the top ten at 68.5%. It sat 6.8% below its high of Jan 12, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BWET or XLY?
In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and XLY −3.6%.
Which is cheaper, BWET or XLY?
XLY 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 XHBBWET vs XRTBWET vs XLUBWET vs XLPUSO vs XLYSIVR vs XLYSLV vs XLYGLDM vs XLY
Where to next
BWET on its own →XLY on its own →Hold both: look the portfolio through →Rankings →XLY dividend history →XLY holdings →Standards and sources →
Sources and dates
Breakwave page for BWET ↗
XLY filings on SEC EDGAR ↗
XLY prospectus with the expense ratio (SEC) ↗
State Street website ↗

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

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

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