BRNT.L vs. IH2O.L
BRNT.L (WisdomTree Brent Crude Oil) and IH2O.L (iShares Global Water UCITS ETF) are both exchange-traded funds - BRNT.L is a Oil & Gas fund tracking the Bloomberg Brent Crude Subindex, while IH2O.L is a Water Equities fund tracking the S&P Global Water TR. Both are passively managed. Over the past 10 years, BRNT.L returned 13.59%/yr vs 9.61%/yr for IH2O.L. At a 0.18 correlation, their price movements are largely independent. BRNT.L charges 0.49%/yr vs 0.65%/yr for IH2O.L.
Performance
BRNT.L vs. IH2O.L - Performance Comparison
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Different Trading Currencies
BRNT.L is traded in USD, while IH2O.L is traded in GBp. To make them comparable, the IH2O.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BRNT.L achieves a 80.13% return, which is significantly higher than IH2O.L's -1.80% return. Over the past 10 years, BRNT.L has outperformed IH2O.L with an annualized return of 13.59%, while IH2O.L has yielded a comparatively lower 9.61% annualized return.
BRNT.L
- 1D
- -2.63%
- 1M
- -1.61%
- YTD
- 80.13%
- 6M
- 75.56%
- 1Y
- 82.10%
- 3Y*
- 24.57%
- 5Y*
- 23.51%
- 10Y*
- 13.59%
IH2O.L
- 1D
- -0.01%
- 1M
- -3.26%
- YTD
- -1.80%
- 6M
- -1.97%
- 1Y
- 3.75%
- 3Y*
- 9.10%
- 5Y*
- 4.60%
- 10Y*
- 9.61%
BRNT.L vs. IH2O.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BRNT.L WisdomTree Brent Crude Oil | 80.13% | -6.34% | 7.45% | 1.08% | 35.10% | 66.26% | -33.22% | 32.15% | -13.92% | 12.39% |
IH2O.L iShares Global Water UCITS ETF | -1.79% | 18.55% | 4.54% | 13.35% | -20.63% | 31.85% | 15.05% | 35.21% | -10.29% | 27.29% |
Correlation
The correlation between BRNT.L and IH2O.L is -0.29, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2012 | 0.18 |
The correlation between BRNT.L and IH2O.L shifts across timeframes, from -0.29 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BRNT.L vs. IH2O.L — Risk / Return Rank
BRNT.L
IH2O.L
BRNT.L vs. IH2O.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Brent Crude Oil (BRNT.L) and iShares Global Water UCITS ETF (IH2O.L). 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.
| BRNT.L | IH2O.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.06 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 4.51 | 0.35 | +4.16 |
| Martin ratioReturn relative to average drawdown | 8.41 | 0.91 | +7.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BRNT.L | IH2O.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 0.28 | +1.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.28 | +0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.58 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.41 | -0.37 |
Drawdowns
BRNT.L vs. IH2O.L - Drawdown Comparison
The maximum BRNT.L drawdown since its inception was -85.97%, which is greater than IH2O.L's maximum drawdown of -54.83%. Use the drawdown chart below to compare losses from any high point for BRNT.L and IH2O.L.
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Drawdown Indicators
| BRNT.L | IH2O.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.97% | -54.83% | -31.14% |
Max Drawdown (1Y)Largest decline over 1 year | -18.66% | -10.60% | -8.06% |
Max Drawdown (3Y)Largest decline over 3 years | -24.88% | -16.25% | -8.63% |
Max Drawdown (5Y)Largest decline over 5 years | -31.44% | -32.40% | +0.96% |
Max Drawdown (10Y)Largest decline over 10 years | -71.94% | -34.94% | -37.00% |
Current DrawdownCurrent decline from peak | -9.61% | -9.42% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -48.63% | -8.73% | -39.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.02% | 4.11% | +5.91% |
Volatility
BRNT.L vs. IH2O.L - Volatility Comparison
WisdomTree Brent Crude Oil (BRNT.L) has a higher volatility of 15.37% compared to iShares Global Water UCITS ETF (IH2O.L) at 4.46%. This indicates that BRNT.L's price experiences larger fluctuations and is considered to be riskier than IH2O.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRNT.L | IH2O.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.37% | 4.46% | +10.91% |
Volatility (6M)Calculated over the trailing 6-month period | 36.91% | 10.65% | +26.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.09% | 13.36% | +28.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.68% | 16.46% | +18.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.36% | 16.61% | +18.75% |
BRNT.L vs. IH2O.L - Expense Ratio Comparison
BRNT.L has a 0.49% expense ratio, which is lower than IH2O.L's 0.65% expense ratio.
Dividends
BRNT.L vs. IH2O.L - Dividend Comparison
BRNT.L has not paid dividends to shareholders, while IH2O.L's dividend yield for the trailing twelve months is around 1.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRNT.L WisdomTree Brent Crude Oil | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IH2O.L iShares Global Water UCITS ETF | 1.91% | 1.78% | 1.34% | 1.51% | 1.32% | 2.25% | 1.29% | 1.84% | 2.30% | 1.98% | 2.17% | 2.45% |
Frequently Asked Questions
BRNT.L and IH2O.L have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BRNT.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BRNT.L is cheaper with a 0.49% expense ratio, compared with 0.65% for IH2O.L.
BRNT.L is categorized as Oil & Gas, while IH2O.L is Water Equities. BRNT.L tracks Bloomberg Brent Crude Subindex, while IH2O.L tracks S&P Global Water TR. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.49% for BRNT.L and 0.65% for IH2O.L.
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