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DSI vs. BNO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DSI vs. BNO

Last updated Jun 5, 2026

DSI (iShares MSCI KLD 400 Social ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - DSI is a Large Cap Growth Equities fund tracking the MSCI KLD 400 Social Index, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. Both are passively managed. Over the past 10 years, DSI returned 15.46%/yr vs 13.13%/yr for BNO. At a 0.23 correlation, their price movements are largely independent. DSI charges 0.25%/yr vs 0.90%/yr for BNO.

Performance

DSI vs. BNO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI KLD 400 Social ETF (DSI) and United States Brent Oil Fund LP (BNO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DSI achieves a 12.25% return, which is significantly lower than BNO's 85.31% return. Over the past 10 years, DSI has outperformed BNO with an annualized return of 15.46%, while BNO has yielded a comparatively lower 13.13% annualized return.

DSI

1D
1.06%
1M
5.94%
YTD
12.25%
6M
12.41%
1Y
30.27%
3Y*
22.43%
5Y*
13.37%
10Y*
15.46%

BNO

1D
-2.71%
1M
-9.80%
YTD
85.31%
6M
79.66%
1Y
88.71%
3Y*
26.74%
5Y*
23.48%
10Y*
13.13%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DSI vs. BNO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DSI
iShares MSCI KLD 400 Social ETF		12.25%18.03%22.38%28.51%-21.71%31.32%20.94%31.15%-3.90%20.89%
BNO
United States Brent Oil Fund LP		85.31%-5.44%9.67%-3.43%35.25%62.34%-38.23%36.01%-15.30%15.43%

Correlation

The correlation between DSI 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

-0.07

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

0.05

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

0.17

Correlation (All Time)
Calculated using the full available price history since Jun 3, 2010

0.23

The correlation between DSI and BNO shifts across timeframes, from -0.30 (1 year) to 0.23 (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.

iShares MSCI KLD 400 Social ETF

United States Brent Oil Fund LP

Often compared with DSI:
DSI vs. SPYDSI vs. VOODSI vs. FSLEXDSI vs. XSUS.TODSI vs. VTIDSI vs. QQQDSI vs. SPYG
Often compared with BNO:
BNO vs. USOBNO vs. XLEBNO vs. USLBNO vs. BOILBNO vs. UNGBNO vs. UCOBNO vs. UNL

Return for Risk

DSI vs. BNO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DSI
DSI Risk / Return Rank: 6767
Overall Rank
DSI Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
DSI Sortino Ratio Rank: 7171
Sortino Ratio Rank
DSI Omega Ratio Rank: 7171
Omega Ratio Rank
DSI Calmar Ratio Rank: 5656
Calmar Ratio Rank
DSI Martin Ratio Rank: 6565
Martin Ratio Rank
BNO
BNO Risk / Return Rank: 6565
Overall Rank
BNO Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
BNO Sortino Ratio Rank: 5757
Sortino Ratio Rank
BNO Omega Ratio Rank: 6161
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.

DSI vs. BNO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI KLD 400 Social ETF (DSI) 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.

DSIBNODifference
Sharpe ratioReturn per unit of total volatility
2.33
2.15

+0.18

Sortino ratioReturn per unit of downside risk
3.20
2.65

+0.54

Omega ratioGain probability vs. loss probability

1.41

1.36

+0.05

Calmar ratioReturn relative to maximum drawdown

2.75

4.99

-2.24

Martin ratioReturn relative to average drawdown

11.58

9.39

+2.19

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

DSI vs. BNO - Sharpe Ratio Comparison

The current DSI Sharpe Ratio is 2.33, which is comparable to the BNO Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of DSI 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.

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Sharpe Ratios by Period

DSIBNODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.33

2.15

+0.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.75

0.67

+0.08

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.83

0.36

+0.47

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

0.14

+0.42

Drawdowns

DSI vs. BNO - Drawdown Comparison

The maximum DSI drawdown since its inception was -54.23%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for DSI and BNO.

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Drawdown Indicators

DSIBNODifference

Max Drawdown

Largest peak-to-trough decline

-54.23%

-87.06%

+32.83%

Max Drawdown (1Y)

Largest decline over 1 year

-11.05%

-17.87%

+6.82%

Max Drawdown (3Y)

Largest decline over 3 years

-20.58%

-23.75%

+3.17%

Max Drawdown (5Y)

Largest decline over 5 years

-28.36%

-33.70%

+5.34%

Max Drawdown (10Y)

Largest decline over 10 years

-34.10%

-75.18%

+41.08%

Current Drawdown

Current decline from peak

-0.15%

-12.72%

+12.57%

Average Drawdown

Average peak-to-trough decline

-7.52%

-40.16%

+32.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.62%

9.48%

-6.86%

Volatility

DSI vs. BNO - Volatility Comparison

The current volatility for iShares MSCI KLD 400 Social ETF (DSI) is 3.95%, while United States Brent Oil Fund LP (BNO) has a volatility of 14.12%. This indicates that DSI 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.

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Volatility by Period

DSIBNODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.95%

14.12%

-10.17%

Volatility (6M)

Calculated over the trailing 6-month period

10.04%

36.21%

-26.17%

Volatility (1Y)

Calculated over the trailing 1-year period

13.05%

41.56%

-28.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.92%

35.40%

-17.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.71%

36.69%

-17.98%

DSI vs. BNO - Expense Ratio Comparison

DSI has a 0.25% expense ratio, which is lower than BNO's 0.90% expense ratio.

Dividends

DSI vs. BNO - Dividend Comparison

DSI's dividend yield for the trailing twelve months is around 0.84%, 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%
DSI
iShares MSCI KLD 400 Social ETF		0.84%0.92%1.03%1.19%1.39%0.99%1.22%1.40%1.63%1.28%1.51%1.46%

Frequently Asked Questions

DSI 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 (14.12%) compared to DSI (3.95%). In terms of maximum drawdown, DSI dropped -54.23% vs BNO's -87.06%.

On 10-year performance, DSI leads with 15.46% vs 13.13% for BNO. On fees, DSI is cheaper at 0.25% per year. On volatility, DSI has been the lower-risk option at 3.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, DSI has performed better with a 15.46% return vs 13.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DSI is cheaper with a 0.25% expense ratio, compared with 0.90% for BNO.

DSI has the higher dividend yield at 0.84%, compared with 0.00% for BNO.

DSI is categorized as Large Cap Growth Equities, while BNO is Oil & Gas. DSI tracks MSCI KLD 400 Social Index, while BNO tracks Front Month Brent Crude Oil. They also come from different issuers: iShares and Concierge Technologies. Their fees differ too: 0.25% for DSI and 0.90% for BNO.

DSI currently has the higher Sharpe Ratio (2.33 vs 2.15), 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.

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