BNO vs. UNG
Compare and contrast key facts about United States Brent Oil Fund LP (BNO) and United States Natural Gas Fund LP (UNG).
BNO and UNG 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. UNG is a passively managed fund by Concierge Technologies that tracks the performance of the Front Month Natural Gas. It was launched on Apr 18, 2007. Both BNO and UNG 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 UNG.
Key characteristics
| BNO | UNG | |
|---|---|---|
| YTD Return | -8.91% | -57.59% |
| 1Y Return | -25.29% | -79.23% |
| 5Y Return (Ann) | 3.85% | -24.30% |
| 10Y Return (Ann) | -4.13% | -23.36% |
| Sharpe Ratio | -0.66 | -1.06 |
| Daily Std Dev | 36.61% | 75.47% |
| Max Drawdown | -87.06% | -99.71% |
Correlation
The correlation between BNO and UNG 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.
BNO vs. UNG - Performance Comparison
In the year-to-date period, BNO achieves a -8.91% return, which is significantly lower than UNG's -57.59% return. Over the past 10 years, BNO has underperformed UNG with an annualized return of -4.13%, while UNG has yielded a comparatively higher -23.36% 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. UNG - Dividend Comparison
Neither BNO nor UNG has paid dividends to shareholders.
BNO vs. UNG - Expense Ratio Comparison
BNO vs. UNG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Brent Oil Fund LP (BNO) and United States Natural Gas Fund LP (UNG). 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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
BNO United States Brent Oil Fund LP | -0.66 | ||||
UNG United States Natural Gas Fund LP | -1.06 |
BNO vs. UNG - Drawdown Comparison
The maximum BNO drawdown for the period was -48.20%, higher than the maximum UNG drawdown of -97.90%. The drawdown chart below compares losses from any high point along the way for BNO and UNG
BNO vs. UNG - Volatility Comparison
The current volatility for United States Brent Oil Fund LP (BNO) is 9.63%, while United States Natural Gas Fund LP (UNG) has a volatility of 17.18%. This indicates that BNO experiences smaller price fluctuations and is considered to be less risky than UNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.