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United States Brent Oil Fund LP (BNO)

ETF · Currency in USD · Last updated Mar 26, 2023

BNO is a passive ETF by Concierge Technologies tracking the investment results of the Front Month Brent Crude Oil. BNO launched on Jun 2, 2010 and has a 0.90% expense ratio.

Share Price Chart


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Performance

The chart shows the growth of $10,000 invested in United States Brent Oil Fund LP in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $9,707 for a total return of roughly -2.93%. All prices are adjusted for splits and dividends.


0.00%50.00%100.00%150.00%200.00%250.00%NovemberDecember2023FebruaryMarch
-2.93%
239.97%
BNO (United States Brent Oil Fund LP)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with BNO

United States Brent Oil Fund LP

Popular comparisons: BNO vs. SPLG, BNO vs. USO, BNO vs. BOIL, BNO vs. UNG, BNO vs. XOM, BNO vs. XLE

Return

United States Brent Oil Fund LP had a return of -12.16% year-to-date (YTD) and -25.81% in the last 12 months. Over the past 10 years, United States Brent Oil Fund LP had an annualized return of -4.85%, while the S&P 500 had an annualized return of 9.86%, indicating that United States Brent Oil Fund LP did not perform as well as the benchmark.


PeriodReturnBenchmark
1 month-9.08%-0.66%
Year-To-Date-12.16%3.42%
6 months-13.12%5.67%
1 year-25.81%-10.89%
5 years (annualized)5.22%8.95%
10 years (annualized)-4.85%9.86%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
2023-0.42%-2.20%
2022-8.81%10.51%-5.03%-1.36%

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current United States Brent Oil Fund LP Sharpe ratio is -0.67. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-1.00-0.500.000.501.00NovemberDecember2023FebruaryMarch
-0.67
-0.47
BNO (United States Brent Oil Fund LP)
Benchmark (^GSPC)

Dividend History


United States Brent Oil Fund LP doesn't pay dividends

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-50.00%-40.00%-30.00%-20.00%-10.00%NovemberDecember2023FebruaryMarch
-46.52%
-17.21%
BNO (United States Brent Oil Fund LP)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the United States Brent Oil Fund LP. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the United States Brent Oil Fund LP is 87.06%, recorded on Apr 28, 2020. The portfolio has not recovered from it yet.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-87.06%Jun 20, 20141474Apr 28, 2020
-28.37%Mar 2, 201278Jun 21, 2012161Feb 13, 2013239
-19.87%Apr 11, 2011122Oct 3, 201196Feb 21, 2012218
-16.52%Feb 15, 201342Apr 17, 201393Aug 28, 2013135
-12.43%Aug 5, 201014Aug 24, 201018Oct 1, 201032
-8.93%Jun 18, 201012Jul 6, 201019Aug 2, 201031
-8.65%Aug 29, 201350Nov 7, 2013148Jun 12, 2014198
-6.8%Nov 11, 20104Nov 17, 20107Dec 2, 201011
-6.44%Mar 3, 20119Mar 15, 201112Mar 31, 201121
-5.03%Oct 7, 20104Oct 19, 20107Nov 4, 201011

Volatility Chart

Current United States Brent Oil Fund LP volatility is 35.88%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


10.00%20.00%30.00%40.00%50.00%NovemberDecember2023FebruaryMarch
35.88%
19.50%
BNO (United States Brent Oil Fund LP)
Benchmark (^GSPC)