BAMD vs. USL

Last updated Jun 4, 2026

BAMD (Brookstone Dividend Stock ETF) and USL (United States 12 Month Oil Fund LP) are both exchange-traded funds - BAMD is a Large Cap Value Equities fund actively managed by Brookstone, while USL is a Oil & Gas fund tracking the 12 Month Light Sweet Crude Oil. BAMD is actively managed, while USL is passively managed. Over the past year, BAMD returned 7.69% vs 57.86% for USL. At a correlation of -0.03, they often move in opposite directions. BAMD charges 0.95%/yr vs 0.88%/yr for USL.

Performance

BAMD vs. USL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brookstone Dividend Stock ETF (BAMD) and United States 12 Month Oil Fund LP (USL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BAMD achieves a 8.13% return, which is significantly lower than USL's 63.07% return.

BAMD

• 1D: -0.67%
• 1M: 0.36%
• YTD: 8.13%
• 6M: 8.26%
• 1Y: 7.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USL

• 1D: 1.55%
• 1M: -1.61%
• YTD: 63.07%
• 6M: 59.66%
• 1Y: 57.86%
• 3Y*: 18.42%
• 5Y*: 17.41%
• 10Y*: 10.91%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BAMD vs. USL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BAMD Brookstone Dividend Stock ETF	8.13%	-1.33%	19.76%	10.73%
USL United States 12 Month Oil Fund LP	63.07%	-12.37%	8.30%	-13.22%

Correlation

The correlation between BAMD and USL is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (All Time) Calculated using the full available price history since Sep 29, 2023	-0.03

BAMD vs. USL - Sectors Allocation Comparison

Sectors	BAMD	USL
Financial Services	26.8%	4.5%
Energy	15.6%	-
Technology	13.0%	-
Consumer Defensive	12.8%	-
Utilities	12.6%	-
Industrials	4.7%	-
Healthcare	4.2%	-
Communication Services	4.0%	-
Consumer Cyclical	3.2%	-
Basic Materials	2.6%	-
Real Estate	0.6%	-

Return for Risk

BAMD vs. USL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BAMD

BAMD Risk / Return Rank: 22
BAMD Sharpe Ratio Rank: 21
BAMD Sortino Ratio Rank: 20
BAMD Omega Ratio Rank: 19
BAMD Calmar Ratio Rank: 24
BAMD Martin Ratio Rank: 23

USL

USL Risk / Return Rank: 56
USL Sharpe Ratio Rank: 59
USL Sortino Ratio Rank: 53
USL Omega Ratio Rank: 54
USL Calmar Ratio Rank: 69
USL Martin Ratio Rank: 43

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BAMD vs. USL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brookstone Dividend Stock ETF (BAMD) and United States 12 Month Oil Fund LP (USL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BAMD	USL	Difference
Sharpe ratio: Return per unit of total volatility	0.72	2.04	-1.32
Sortino ratio: Return per unit of downside risk	1.09	2.58	-1.49
Omega ratio: Gain probability vs. loss probability	1.13	1.34	-0.21
Calmar ratio: Return relative to maximum drawdown	1.11	3.47	-2.36
Martin ratio: Return relative to average drawdown	2.91	7.02	-4.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BAMD vs. USL - Sharpe Ratio Comparison

The current BAMD Sharpe Ratio is 0.72, which is lower than the USL Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of BAMD and USL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BAMD	USL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.72	2.04	-1.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.34	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.04	0.01	+1.03

Drawdowns

BAMD vs. USL - Drawdown Comparison

The maximum BAMD drawdown since its inception was -15.91%, smaller than the maximum USL drawdown of -89.06%. Use the drawdown chart below to compare losses from any high point for BAMD and USL.

Drawdown Indicators

	BAMD	USL	Difference
Max Drawdown Largest peak-to-trough decline	-15.91%	-89.06%	+73.15%
Max Drawdown (1Y) Largest decline over 1 year	-6.99%	-16.76%	+9.77%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.33%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.82%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-66.02%	—
Current Drawdown Current decline from peak	-1.45%	-38.16%	+36.71%
Average Drawdown Average peak-to-trough decline	-4.29%	-61.46%	+57.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	8.27%	-5.62%

Volatility

BAMD vs. USL - Volatility Comparison

The current volatility for Brookstone Dividend Stock ETF (BAMD) is 2.47%, while United States 12 Month Oil Fund LP (USL) has a volatility of 10.53%. This indicates that BAMD experiences smaller price fluctuations and is considered to be less risky than USL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BAMD	USL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.47%	10.53%	-8.06%
Volatility (6M) Calculated over the trailing 6-month period	6.83%	23.33%	-16.50%
Volatility (1Y) Calculated over the trailing 1-year period	10.77%	28.54%	-17.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.35%	30.08%	-16.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.35%	32.35%	-19.00%

BAMD vs. USL - Expense Ratio Comparison

BAMD has a 0.95% expense ratio, which is higher than USL's 0.88% expense ratio.

Dividends

BAMD vs. USL - Dividend Comparison

BAMD's dividend yield for the trailing twelve months is around 3.56%, while USL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
BAMD Brookstone Dividend Stock ETF	3.56%	3.86%	4.21%	0.70%
USL United States 12 Month Oil Fund LP	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BAMD and USL in my portfolio?

BAMD and USL have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BAMD or USL?

USL has higher volatility (10.53%) compared to BAMD (2.47%). In terms of maximum drawdown, BAMD dropped -15.91% vs USL's -89.06%.

Which ETF is better, BAMD or USL?

On 1-year performance, USL leads with 57.86% vs 7.69% for BAMD. On fees, USL is cheaper at 0.88% per year. On volatility, BAMD has been the lower-risk option at 2.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BAMD or USL?

Over the 1-year period, USL has performed better with a 57.86% return vs 7.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BAMD or USL?

USL is cheaper with a 0.88% expense ratio, compared with 0.95% for BAMD.

Which ETF pays a higher dividend yield, BAMD or USL?

BAMD has the higher dividend yield at 3.56%, compared with 0.00% for USL.

What is the main difference between BAMD and USL?

BAMD is categorized as Large Cap Value Equities, while USL is Oil & Gas. They also come from different issuers: Brookstone and Concierge Technologies. Their fees differ too: 0.95% for BAMD and 0.88% for USL.

Which has better risk-adjusted returns?

USL currently has the higher Sharpe Ratio (2.04 vs 0.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.