BNO vs. BOIL
Compare and contrast key facts about United States Brent Oil Fund LP (BNO) and ProShares Ultra Bloomberg Natural Gas (BOIL).
BNO and BOIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BNO is a passively managed fund by Concierge Technologies that tracks the performance of the Front Month Brent Crude Oil. It was launched on Jun 2, 2010. BOIL is a passively managed fund by ProShares that tracks the performance of the Dow Jones-UBS Natural Gas Subindex (200%). It was launched on Oct 4, 2011. Both BNO and BOIL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BNO or BOIL.
Key characteristics
| BNO | BOIL | |
|---|---|---|
| YTD Return | 4.94% | -69.14% |
| 1Y Return | -2.02% | -82.69% |
| 3Y Return (Ann) | 9.58% | -79.38% |
| 5Y Return (Ann) | 8.07% | -68.21% |
| 10Y Return (Ann) | -0.89% | -56.22% |
| Sharpe Ratio | -0.09 | -0.86 |
| Sortino Ratio | 0.06 | -1.88 |
| Omega Ratio | 1.01 | 0.81 |
| Calmar Ratio | -0.05 | -0.84 |
| Martin Ratio | -0.30 | -1.22 |
| Ulcer Index | 7.87% | 68.85% |
| Daily Std Dev | 26.28% | 97.96% |
| Max Drawdown | -87.06% | -99.99% |
| Current Drawdown | -38.30% | -99.99% |
Correlation
The correlation between BNO and BOIL is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BNO vs. BOIL - Performance Comparison
In the year-to-date period, BNO achieves a 4.94% return, which is significantly higher than BOIL's -69.14% return. Over the past 10 years, BNO has outperformed BOIL with an annualized return of -0.89%, while BOIL has yielded a comparatively lower -56.22% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BNO vs. BOIL - Expense Ratio Comparison
BNO has a 0.90% expense ratio, which is lower than BOIL's 1.31% expense ratio.
Risk-Adjusted Performance
BNO vs. BOIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Brent Oil Fund LP (BNO) and ProShares Ultra Bloomberg Natural Gas (BOIL). 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.
Dividends
BNO vs. BOIL - Dividend Comparison
Neither BNO nor BOIL has paid dividends to shareholders.
Drawdowns
BNO vs. BOIL - Drawdown Comparison
The maximum BNO drawdown since its inception was -87.06%, smaller than the maximum BOIL drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for BNO and BOIL. For additional features, visit the drawdowns tool.
Volatility
BNO vs. BOIL - Volatility Comparison
The current volatility for United States Brent Oil Fund LP (BNO) is 8.92%, while ProShares Ultra Bloomberg Natural Gas (BOIL) has a volatility of 28.13%. This indicates that BNO experiences smaller price fluctuations and is considered to be less risky than BOIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.