BRNT.L vs. TRET.L

Last updated Jun 5, 2026

BRNT.L (WisdomTree Brent Crude Oil) and TRET.L (VanEck Global Real Estate UCITS ETF) are both exchange-traded funds - BRNT.L is a Oil & Gas fund tracking the Bloomberg Brent Crude Subindex, while TRET.L is a REIT fund tracking the GPR Global 100 Index. Both are passively managed. Over the past 5 years, BRNT.L returned 23.51%/yr vs 2.34%/yr for TRET.L. At a 0.12 correlation, their price movements are largely independent. BRNT.L charges 0.49%/yr vs 0.25%/yr for TRET.L.

Performance

BRNT.L vs. TRET.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Brent Crude Oil (BRNT.L) and VanEck Global Real Estate UCITS ETF (TRET.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRNT.L achieves a 80.13% return, which is significantly higher than TRET.L's 4.02% return.

BRNT.L

• 1D: -2.63%
• 1M: -9.61%
• YTD: 80.13%
• 6M: 76.22%
• 1Y: 84.62%
• 3Y*: 24.57%
• 5Y*: 23.51%
• 10Y*: 13.59%

TRET.L

• 1D: 0.22%
• 1M: -2.23%
• YTD: 4.02%
• 6M: 3.83%
• 1Y: 10.68%
• 3Y*: 10.83%
• 5Y*: 2.34%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BRNT.L vs. TRET.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BRNT.L WisdomTree Brent Crude Oil	80.13%	-6.34%	7.45%	1.08%	35.10%	66.26%	-33.22%	16.12%
TRET.L VanEck Global Real Estate UCITS ETF	4.02%	14.43%	1.05%	13.94%	-25.68%	29.73%	-6.91%	10.01%

Correlation

The correlation between BRNT.L and TRET.L is -0.27, 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	-0.27
Correlation (3Y) Calculated over the trailing 3-year period	-0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (All Time) Calculated using the full available price history since Jan 21, 2019	0.12

The correlation between BRNT.L and TRET.L shifts across timeframes, from -0.27 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BRNT.L vs. TRET.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BRNT.L

BRNT.L Risk / Return Rank: 61
BRNT.L Sharpe Ratio Rank: 60
BRNT.L Sortino Ratio Rank: 50
BRNT.L Omega Ratio Rank: 59
BRNT.L Calmar Ratio Rank: 84
BRNT.L Martin Ratio Rank: 50

TRET.L

TRET.L Risk / Return Rank: 24
TRET.L Sharpe Ratio Rank: 24
TRET.L Sortino Ratio Rank: 25
TRET.L Omega Ratio Rank: 24
TRET.L Calmar Ratio Rank: 23
TRET.L Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BRNT.L vs. TRET.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Brent Crude Oil (BRNT.L) and VanEck Global Real Estate UCITS ETF (TRET.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	TRET.L	Difference
Sharpe ratio: Return per unit of total volatility	2.00	0.86	+1.14
Sortino ratio: Return per unit of downside risk	2.40	1.31	+1.09
Omega ratio: Gain probability vs. loss probability	1.36	1.15	+0.20
Calmar ratio: Return relative to maximum drawdown	4.51	1.01	+3.50
Martin ratio: Return relative to average drawdown	8.41	3.55	+4.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRNT.L vs. TRET.L - Sharpe Ratio Comparison

The current BRNT.L Sharpe Ratio is 2.00, which is higher than the TRET.L Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of BRNT.L and TRET.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BRNT.L	TRET.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	0.86	+1.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.14	+0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.22	-0.18

Drawdowns

BRNT.L vs. TRET.L - Drawdown Comparison

The maximum BRNT.L drawdown since its inception was -85.97%, which is greater than TRET.L's maximum drawdown of -42.26%. Use the drawdown chart below to compare losses from any high point for BRNT.L and TRET.L.

Drawdown Indicators

	BRNT.L	TRET.L	Difference
Max Drawdown Largest peak-to-trough decline	-85.97%	-42.26%	-43.71%
Max Drawdown (1Y) Largest decline over 1 year	-18.66%	-10.49%	-8.17%
Max Drawdown (3Y) Largest decline over 3 years	-24.88%	-16.92%	-7.96%
Max Drawdown (5Y) Largest decline over 5 years	-31.44%	-33.35%	+1.91%
Max Drawdown (10Y) Largest decline over 10 years	-71.94%	—	—
Current Drawdown Current decline from peak	-9.61%	-5.89%	-3.72%
Average Drawdown Average peak-to-trough decline	-48.63%	-11.96%	-36.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.02%	3.00%	+7.02%

Volatility

BRNT.L vs. TRET.L - Volatility Comparison

WisdomTree Brent Crude Oil (BRNT.L) has a higher volatility of 15.37% compared to VanEck Global Real Estate UCITS ETF (TRET.L) at 3.91%. This indicates that BRNT.L's price experiences larger fluctuations and is considered to be riskier than TRET.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRNT.L	TRET.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.37%	3.91%	+11.46%
Volatility (6M) Calculated over the trailing 6-month period	36.91%	9.60%	+27.31%
Volatility (1Y) Calculated over the trailing 1-year period	42.09%	12.33%	+29.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.68%	16.82%	+17.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.36%	19.18%	+16.18%

BRNT.L vs. TRET.L - Expense Ratio Comparison

BRNT.L has a 0.49% expense ratio, which is higher than TRET.L's 0.25% expense ratio.

Dividends

BRNT.L vs. TRET.L - Dividend Comparison

BRNT.L has not paid dividends to shareholders, while TRET.L's dividend yield for the trailing twelve months is around 3.49%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BRNT.L WisdomTree Brent Crude Oil	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TRET.L VanEck Global Real Estate UCITS ETF	3.49%	3.54%	3.56%	3.54%	4.56%	1.86%	4.18%	0.62%

Frequently Asked Questions

Can I hold both BRNT.L and TRET.L in my portfolio?

BRNT.L and TRET.L have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BRNT.L or TRET.L?

On fees, TRET.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BRNT.L or TRET.L?

TRET.L is cheaper with a 0.25% expense ratio, compared with 0.49% for BRNT.L.

What is the main difference between BRNT.L and TRET.L?

BRNT.L is categorized as Oil & Gas, while TRET.L is REIT. BRNT.L tracks Bloomberg Brent Crude Subindex, while TRET.L tracks GPR Global 100 Index. They also come from different issuers: WisdomTree and VanEck. Their fees differ too: 0.49% for BRNT.L and 0.25% for TRET.L.