BNO vs. USL
Compare and contrast key facts about United States Brent Oil Fund LP (BNO) and United States 12 Month Oil Fund LP (USL).
BNO and USL 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. USL is a passively managed fund by Concierge Technologies that tracks the performance of the 12 Month Light Sweet Crude Oil. It was launched on Dec 6, 2007. Both BNO and USL 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 USL.
Correlation
The correlation between BNO and USL is 0.29, 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. USL - Performance Comparison
Key characteristics
BNO:
-0.50
USL:
-0.60
BNO:
-0.55
USL:
-0.70
BNO:
0.93
USL:
0.91
BNO:
-0.31
USL:
-0.24
BNO:
-1.44
USL:
-1.57
BNO:
9.71%
USL:
9.56%
BNO:
27.74%
USL:
24.98%
BNO:
-87.06%
USL:
-89.06%
BNO:
-39.94%
USL:
-60.82%
Returns By Period
In the year-to-date period, BNO achieves a -6.84% return, which is significantly higher than USL's -9.47% return. Over the past 10 years, BNO has underperformed USL with an annualized return of 1.58%, while USL has yielded a comparatively higher 2.31% annualized return.
BNO
-6.84%
-8.40%
-7.09%
-14.76%
35.76%
1.58%
USL
-9.47%
-8.53%
-8.89%
-15.72%
28.51%
2.31%
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BNO vs. USL - Expense Ratio Comparison
BNO has a 0.90% expense ratio, which is higher than USL's 0.88% expense ratio.
Risk-Adjusted Performance
BNO vs. USL — Risk-Adjusted Performance Rank
BNO
USL
BNO vs. USL - 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 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.
Dividends
BNO vs. USL - Dividend Comparison
Neither BNO nor USL has paid dividends to shareholders.
Drawdowns
BNO vs. USL - Drawdown Comparison
The maximum BNO drawdown since its inception was -87.06%, roughly equal to the maximum USL drawdown of -89.06%. Use the drawdown chart below to compare losses from any high point for BNO and USL. For additional features, visit the drawdowns tool.
Volatility
BNO vs. USL - Volatility Comparison
United States Brent Oil Fund LP (BNO) has a higher volatility of 13.34% compared to United States 12 Month Oil Fund LP (USL) at 12.50%. This indicates that BNO's price experiences larger fluctuations and is considered to be riskier than USL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.