PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
DGRE vs. BNO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DGRE vs. BNO

Last updated Jun 4, 2026

DGRE (WisdomTree Emerging Markets Quality Dividend Growth Fund) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - DGRE is a Emerging Markets Equities fund actively managed by WisdomTree, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. DGRE is actively managed, while BNO is passively managed. Over the past 10 years, DGRE returned 9.71%/yr vs 13.60%/yr for BNO. At a 0.22 correlation, their price movements are largely independent. DGRE charges 0.32%/yr vs 0.90%/yr for BNO.

Performance

DGRE vs. BNO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE) and United States Brent Oil Fund LP (BNO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, DGRE achieves a 31.30% return, which is significantly lower than BNO's 90.47% return. Over the past 10 years, DGRE has underperformed BNO with an annualized return of 9.71%, while BNO has yielded a comparatively higher 13.60% annualized return.

DGRE

1D
-0.94%
1M
8.34%
YTD
31.30%
6M
36.66%
1Y
58.03%
3Y*
24.56%
5Y*
8.61%
10Y*
9.71%

BNO

1D
1.99%
1M
-10.29%
YTD
90.47%
6M
86.00%
1Y
91.89%
3Y*
27.93%
5Y*
24.16%
10Y*
13.60%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DGRE vs. BNO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DGRE
WisdomTree Emerging Markets Quality Dividend Growth Fund		31.30%27.47%3.63%18.46%-21.86%2.55%10.85%21.12%-16.36%33.61%
BNO
United States Brent Oil Fund LP		90.47%-5.44%9.67%-3.43%35.25%62.34%-38.23%36.01%-15.30%15.43%

Correlation

The correlation between DGRE and BNO is -0.30, 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

-0.30

Correlation (3Y)
Calculated over the trailing 3-year period

-0.03

Correlation (5Y)
Calculated over the trailing 5-year period

0.07

Correlation (10Y)
Calculated over the trailing 10-year period

0.18

Correlation (All Time)
Calculated using the full available price history since Aug 2, 2013

0.22

The correlation between DGRE and BNO shifts across timeframes, from -0.30 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WisdomTree Emerging Markets Quality Dividend Growth Fund

United States Brent Oil Fund LP

Often compared with DGRE:
DGRE vs. DEMDGRE vs. EMXCDGRE vs. IGRODGRE vs. DGRODGRE vs. SCHDDGRE vs. VWODGRE vs. DGRW
Often compared with BNO:
BNO vs. USOBNO vs. XLEBNO vs. USLBNO vs. BOILBNO vs. UNGBNO vs. UCOBNO vs. XOM

Return for Risk

DGRE vs. BNO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DGRE
DGRE Risk / Return Rank: 8484
Overall Rank
DGRE Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
DGRE Sortino Ratio Rank: 8282
Sortino Ratio Rank
DGRE Omega Ratio Rank: 8585
Omega Ratio Rank
DGRE Calmar Ratio Rank: 8181
Calmar Ratio Rank
DGRE Martin Ratio Rank: 8484
Martin Ratio Rank
BNO
BNO Risk / Return Rank: 6565
Overall Rank
BNO Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
BNO Sortino Ratio Rank: 5656
Sortino Ratio Rank
BNO Omega Ratio Rank: 6060
Omega Ratio Rank
BNO Calmar Ratio Rank: 8888
Calmar Ratio Rank
BNO Martin Ratio Rank: 5555
Martin Ratio Rank
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.

DGRE vs. BNO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE) and United States Brent Oil Fund LP (BNO). 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.

DGREBNODifference
Sharpe ratioReturn per unit of total volatility
2.91
2.23

+0.68

Sortino ratioReturn per unit of downside risk
3.72
2.73

+1.00

Omega ratioGain probability vs. loss probability

1.52

1.38

+0.15

Calmar ratioReturn relative to maximum drawdown

4.26

5.17

-0.90

Martin ratioReturn relative to average drawdown

17.40

9.76

+7.64

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DGRE vs. BNO - Sharpe Ratio Comparison

The current DGRE Sharpe Ratio is 2.91, which is higher than the BNO Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of DGRE and BNO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

DGREBNODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.91

2.23

+0.68

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.48

0.69

-0.21

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.50

0.37

+0.12

Sharpe Ratio (All Time)

Calculated using the full available price history

0.32

0.14

+0.18

Drawdowns

DGRE vs. BNO - Drawdown Comparison

The maximum DGRE drawdown since its inception was -36.95%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for DGRE and BNO.

Loading charts...

Drawdown Indicators

DGREBNODifference

Max Drawdown

Largest peak-to-trough decline

-36.95%

-87.06%

+50.11%

Max Drawdown (1Y)

Largest decline over 1 year

-13.68%

-17.87%

+4.19%

Max Drawdown (3Y)

Largest decline over 3 years

-20.65%

-23.75%

+3.10%

Max Drawdown (5Y)

Largest decline over 5 years

-34.82%

-33.70%

-1.12%

Max Drawdown (10Y)

Largest decline over 10 years

-36.95%

-75.18%

+38.23%

Current Drawdown

Current decline from peak

-0.94%

-10.29%

+9.35%

Average Drawdown

Average peak-to-trough decline

-12.00%

-40.17%

+28.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.34%

9.45%

-6.11%

Volatility

DGRE vs. BNO - Volatility Comparison

The current volatility for WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE) is 8.88%, while United States Brent Oil Fund LP (BNO) has a volatility of 14.22%. This indicates that DGRE experiences smaller price fluctuations and is considered to be less risky than BNO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

DGREBNODifference

Volatility (1M)

Calculated over the trailing 1-month period

8.88%

14.22%

-5.34%

Volatility (6M)

Calculated over the trailing 6-month period

17.97%

36.10%

-18.13%

Volatility (1Y)

Calculated over the trailing 1-year period

20.08%

41.46%

-21.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.11%

35.38%

-17.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.64%

36.68%

-17.04%

DGRE vs. BNO - Expense Ratio Comparison

DGRE has a 0.32% expense ratio, which is lower than BNO's 0.90% expense ratio.

Dividends

DGRE vs. BNO - Dividend Comparison

DGRE's dividend yield for the trailing twelve months is around 1.18%, while BNO has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
BNO
United States Brent Oil Fund LP		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
DGRE
WisdomTree Emerging Markets Quality Dividend Growth Fund		1.18%1.65%1.90%2.22%4.38%2.56%2.11%2.32%2.71%3.12%3.18%3.01%

Frequently Asked Questions

DGRE and BNO have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BNO has higher volatility (14.22%) compared to DGRE (8.88%). In terms of maximum drawdown, DGRE dropped -36.95% vs BNO's -87.06%.

On 10-year performance, BNO leads with 13.60% vs 9.71% for DGRE. On fees, DGRE is cheaper at 0.32% per year. On volatility, DGRE has been the lower-risk option at 8.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, BNO has performed better with a 13.60% return vs 9.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DGRE is cheaper with a 0.32% expense ratio, compared with 0.90% for BNO.

DGRE has the higher dividend yield at 1.18%, compared with 0.00% for BNO.

DGRE is categorized as Emerging Markets Equities, while BNO is Oil & Gas. They also come from different issuers: WisdomTree and Concierge Technologies. Their fees differ too: 0.32% for DGRE and 0.90% for BNO.

DGRE currently has the higher Sharpe Ratio (2.91 vs 2.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for DGRE and BNO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer