BNO vs. USO
Compare and contrast key facts about United States Brent Oil Fund LP (BNO) and United States Oil Fund LP (USO).
BNO and USO 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. USO is a passively managed fund by Concierge Technologies that tracks the performance of the Front Month Light Sweet Crude Oil. It was launched on Apr 10, 2006. Both BNO and USO 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 USO.
Key characteristics
| BNO | USO | |
|---|---|---|
| YTD Return | 5.68% | 6.12% |
| 1Y Return | 0.49% | -2.70% |
| 3Y Return (Ann) | 9.85% | 8.13% |
| 5Y Return (Ann) | 8.21% | -6.07% |
| 10Y Return (Ann) | -0.76% | -11.17% |
| Sharpe Ratio | -0.05 | -0.11 |
| Sortino Ratio | 0.11 | 0.05 |
| Omega Ratio | 1.01 | 1.01 |
| Calmar Ratio | -0.03 | -0.03 |
| Martin Ratio | -0.17 | -0.38 |
| Ulcer Index | 7.91% | 7.82% |
| Daily Std Dev | 26.29% | 28.26% |
| Max Drawdown | -87.06% | -98.19% |
| Current Drawdown | -37.87% | -92.47% |
Correlation
The correlation between BNO and USO is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BNO vs. USO - Performance Comparison
In the year-to-date period, BNO achieves a 5.68% return, which is significantly lower than USO's 6.12% return. Over the past 10 years, BNO has outperformed USO with an annualized return of -0.76%, while USO has yielded a comparatively lower -11.17% 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. USO - Expense Ratio Comparison
BNO has a 0.90% expense ratio, which is higher than USO's 0.79% expense ratio.
Risk-Adjusted Performance
BNO vs. USO - 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 Oil Fund LP (USO). 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. USO - Dividend Comparison
Neither BNO nor USO has paid dividends to shareholders.
Drawdowns
BNO vs. USO - Drawdown Comparison
The maximum BNO drawdown since its inception was -87.06%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for BNO and USO. For additional features, visit the drawdowns tool.
Volatility
BNO vs. USO - Volatility Comparison
United States Brent Oil Fund LP (BNO) and United States Oil Fund LP (USO) have volatilities of 8.96% and 9.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.