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

In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and XOP +62.5%.

Which is cheaper, BWET or XOP?

XOP is cheaper, by 4.33 percentage points a year. That is about $433 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 XOP: Differences, Returns & Fees

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BWET is a commodity futures fund and XOP a commodity fund, and over the year to Oct 28, 2026, BWET returned +5,121.7% against +62.5%.

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Net assets: $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF, and $4.6bn on Oct 27, 2026 for State Street SPDR S&P Oil & Gas Exploration & Production ETF.

BWET on its own →XOP on its own →

At a glance

+5,121.7%

BWET total return, 1 year

+62.5%

XOP total return, 1 year

4.68%

BWET expense ratio

0.35%

XOP expense ratio

Pair scorecard

XOP costs 4.33 points a year less; their one-year returns differ by 5059.2 points; XOP is far larger, $4.7bn against $186m.

BWET vs XOP: Differences, Returns & Fees
Measure	BWET	XOP
Return
Measure	BWET	XOP
Total return, 1 year	+5,121.7%	+62.5%
Drawdown
Measure	BWET	XOP
Below its high	11.2%, high on Oct 8, 2026	24.8%, high on Jun 23, 2014
Benchmark
Measure	BWET	XOP
What it tracks	Tanker freight futures	S&P Oil & Gas Exploration & Production Select Industry Index
Cost and size
Measure	BWET	XOP
Expense ratio	4.68%	0.35%
Net assets, as of Oct 26, 2026	$186m	$4.7bn
Holdings
Measure	BWET	XOP
Holdings in common	not published

Method

Side by side

BWET Breakwave Tanker Shipping ETF XOP State Street SPDR S&P Oil & Gas Exploration & Production ETF

Where it sits Commodity ETF Stock ETF

Issuer Breakwave State Street

What it is Holds tanker freight futures Tracks the S&P Oil & Gas Exploration & Production

Total return, 1 year +5,121.7% +62.5%

Expense ratio 4.68% 0.35%

Holdings not counted 52

Net assets, BWET as of Oct 28, 2026 and XOP as of Oct 27, 2026 $178m $4.6bn

BWET and XOP 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.

XOP

XOP tracks the S&P Oil & Gas Exploration & Production. Over the year to Oct 28, 2026 it returned +62.5% with distributions reinvested. The prospectus expense ratio is 0.35% a year. It sat 24.8% below its high of Jun 23, 2014 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BWET or XOP?: In the year to Oct 28, 2026, with distributions reinvested, BWET returned +5,121.7% and XOP +62.5%.
Which is cheaper, BWET or XOP?: XOP is cheaper, by 4.33 percentage points a year. That is about $433 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

BWET vs VDE BWET vs IYE BWET vs XLE BWET vs KRE USO vs XOP SIVR vs XOP SLV vs XOP GLDM vs XOP

Where to next

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

Sources and dates

Breakwave page for BWET ↗

XOP filings on SEC EDGAR ↗

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

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