BNO vs. CNQ.TO
Compare and contrast key facts about United States Brent Oil Fund LP (BNO) and Canadian Natural Resources Limited (CNQ.TO).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BNO or CNQ.TO.
Key characteristics
| BNO | CNQ.TO | |
|---|---|---|
| YTD Return | 7.84% | 13.39% |
| 1Y Return | 4.06% | 13.46% |
| 3Y Return (Ann) | 9.35% | 27.07% |
| 5Y Return (Ann) | 8.89% | 26.71% |
| 10Y Return (Ann) | -0.89% | 11.52% |
| Sharpe Ratio | 0.16 | 0.61 |
| Sortino Ratio | 0.40 | 0.97 |
| Omega Ratio | 1.05 | 1.12 |
| Calmar Ratio | 0.10 | 0.74 |
| Martin Ratio | 0.54 | 1.56 |
| Ulcer Index | 7.71% | 10.07% |
| Daily Std Dev | 26.27% | 25.87% |
| Max Drawdown | -87.06% | -79.68% |
| Current Drawdown | -36.60% | -13.51% |
Correlation
The correlation between BNO and CNQ.TO is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BNO vs. CNQ.TO - Performance Comparison
In the year-to-date period, BNO achieves a 7.84% return, which is significantly lower than CNQ.TO's 13.39% return. Over the past 10 years, BNO has underperformed CNQ.TO with an annualized return of -0.89%, while CNQ.TO has yielded a comparatively higher 11.52% 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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Risk-Adjusted Performance
BNO vs. CNQ.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Brent Oil Fund LP (BNO) and Canadian Natural Resources Limited (CNQ.TO). 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. CNQ.TO - Dividend Comparison
BNO has not paid dividends to shareholders, while CNQ.TO's dividend yield for the trailing twelve months is around 2.50%.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
BNO United States Brent Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CNQ.TO Canadian Natural Resources Limited | 2.50% | 0.53% | 0.74% | 0.43% | 0.49% |
Drawdowns
BNO vs. CNQ.TO - Drawdown Comparison
The maximum BNO drawdown since its inception was -87.06%, which is greater than CNQ.TO's maximum drawdown of -79.68%. Use the drawdown chart below to compare losses from any high point for BNO and CNQ.TO. For additional features, visit the drawdowns tool.
Volatility
BNO vs. CNQ.TO - Volatility Comparison
United States Brent Oil Fund LP (BNO) has a higher volatility of 9.50% compared to Canadian Natural Resources Limited (CNQ.TO) at 7.24%. This indicates that BNO's price experiences larger fluctuations and is considered to be riskier than CNQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.