United States Brent Oil Fund LP (BNO) belongs to the Oil & Gas category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with BNO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BNO
BNO charges 0.90% annually. There are 8 ETFs in the Oil & Gas category with lower expense ratios, going as low as 0.13%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Portfolio Building Block Integrated Oil & Gas and ... | 0.13% | 11.66M | Nov 2025 | BNO vs PBOG | |
| BP p.l.c. ADRhedged ETF | 0.19% | 2.19M | Jan 2025 | BNO vs BPH | |
| ProShares K-1 Free Crude Oil Strategy ETF | 0.68% | 276.16M | Sep 2016 | BNO vs OILK | |
| United States Gasoline Fund LP | 0.75% | 45.74M | Feb 2008 | BNO vs UGA | |
| Invesco DB Energy Fund | 0.78% | 99.79M | Jan 2007 | BNO vs DBE |
Best Risk-Adjusted Alternatives to BNO
BNO has a PortfoliosLab risk / return rank of 65. There are 4 ETFs in the Oil & Gas category with higher risk-adjusted ranks, going as high as 71.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco DB Energy Fund | 71 | 99.79M | Jan 2007 | BNO vs DBE | |
| United States Gasoline Fund LP | 69 | 45.74M | Feb 2008 | BNO vs UGA | |
| United States Oil Fund LP | 66 | 1.92B | Apr 2006 | BNO vs USO | |
| Invesco DB Oil Fund | 65 | 275.60M | Jan 2007 | BNO vs DBO | |
| United States 12 Month Oil Fund LP | 56 | 39.62M | Dec 2007 | BNO vs USL |
Top Performing BNO Alternatives (YTD)
BNO is at 90.47% YTD. There is 1 ETF in the Oil & Gas category with a higher YTD return, going as high as 103.67%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| United States Oil Fund LP | 103.67% | 1.92B | Apr 2006 | BNO vs USO | |
| Invesco DB Oil Fund | 84.75% | 275.60M | Jan 2007 | BNO vs DBO | |
| Invesco DB Energy Fund | 83.68% | 99.79M | Jan 2007 | BNO vs DBE | |
| United States Gasoline Fund LP | 75.49% | 45.74M | Feb 2008 | BNO vs UGA | |
| ProShares K-1 Free Crude Oil Strategy ETF | 64.22% | 276.16M | Sep 2016 | BNO vs OILK |
Lowest Volatility Alternatives to BNO
BNO has 41.46% 1-year volatility. There are 8 ETFs in the Oil & Gas category with lower 1-year volatility, going as low as 23.67%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Portfolio Building Block Integrated Oil & Gas and ... | 23.67% | 11.66M | Nov 2025 | BNO vs PBOG | |
| BP p.l.c. ADRhedged ETF | 25.75% | 2.19M | Jan 2025 | BNO vs BPH | |
| United States 12 Month Oil Fund LP | 28.54% | 39.62M | Dec 2007 | BNO vs USL | |
| ProShares K-1 Free Crude Oil Strategy ETF | 28.75% | 276.16M | Sep 2016 | BNO vs OILK | |
| Invesco DB Oil Fund | 34.46% | 275.60M | Jan 2007 | BNO vs DBO |
Lowest Drawdown Alternatives to BNO
BNO has a 1-year max drawdown of -17.87%. There are 4 ETFs in the Oil & Gas category with shallower 1-year drawdowns, going as shallow as -14.41%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco DB Energy Fund | -14.41% | 99.79M | Jan 2007 | BNO vs DBE | |
| United States Gasoline Fund LP | -14.88% | 45.74M | Feb 2008 | BNO vs UGA | |
| United States 12 Month Oil Fund LP | -16.76% | 39.62M | Dec 2007 | BNO vs USL | |
| ProShares K-1 Free Crude Oil Strategy ETF | -17.35% | 276.16M | Sep 2016 | BNO vs OILK | |
| Invesco DB Oil Fund | -18.19% | 275.60M | Jan 2007 | BNO vs DBO |
Other ETFs from Concierge Technologies
The 3 most viewed Concierge Technologies ETFs shown here include UNG, USCI, UNL and span 2 categories. AUM among these funds goes as high as $591M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| United States Natural Gas Fund LP | Oil & Gas | 4 | -4.49% | 590.73M | Apr 2007 | BNO vs UNG | |
| United States Commodity Index Fund | Commodities | 74 | 28.22% | 277.98M | Aug 2010 | BNO vs USCI | |
| United States 12 Month Natural Gas Fund LP | Oil & Gas | 3 | -11.00% | 10.81M | Nov 2009 | BNO vs UNL |
Often Compared With BNO
Investors most often compare BNO with XLE, BOIL, UCO. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare BNO with Any Fund or Stock
Compare BNO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BNO with funds that move differently
United States Brent Oil Fund LP alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BNO.
Explore BNO Diversifiers