EUDG vs. BNO
EUDG (WisdomTree Europe Quality Dividend Growth Fund) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - EUDG is a Quality Factor fund tracking the WisdomTree Europe Quality Dividend Growth Index, while BNO is a Oil & Gas fund tracking the Crude Oil Brent ICE Near Term Futures. Both are passively managed. Over the past 10 years, EUDG returned 8.58%/yr vs 15.06%/yr for BNO. Their 0.15 correlation means their historical movements had little consistent relationship. EUDG charges 0.58%/yr vs 1.00%/yr for BNO.
Performance
EUDG vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, EUDG achieves a 7.41% return, which is significantly lower than BNO's 77.90% return. Over the past 10 years, EUDG has underperformed BNO with an annualized return of 8.58%, while BNO has yielded a comparatively higher 15.06% annualized return.
EUDG
- 1D
- -0.50%
- 1M
- 0.06%
- 6M
- 3.36%
- YTD
- 7.41%
- 1Y
- 22.15%
- 3Y*
- 11.25%
- 5Y*
- 5.51%
- 10Y*
- 8.58%
- ALL TIME*
- 6.27%
BNO
- 1D
- 1.45%
- 1M
- 27.00%
- 6M
- 52.90%
- YTD
- 77.90%
- 1Y
- 62.83%
- 3Y*
- 20.31%
- 5Y*
- 20.89%
- 10Y*
- 15.06%
- ALL TIME*
- 4.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $107.13M | $97.34M | $147.52M | |
| $236.26K | $177.06K | $159.30K |
EUDG vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUDG WisdomTree Europe Quality Dividend Growth Fund | 7.41% | 28.94% | -4.30% | 19.36% | -18.24% | 16.87% | 11.29% | 28.52% | -15.19% | 29.66% |
BNO United States Brent Oil Fund LP | 77.90% | -5.44% | 9.67% | -3.43% | 35.25% | 62.34% | -38.23% | 36.01% | -15.30% | 15.43% |
Correlation
The correlation between EUDG and BNO is -0.38, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.38 |
Correlation (3Y) Balances recent behavior with more history. | -0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.00 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.11 |
Correlation (All Time) Calculated using the full available price history since May 7, 2014 | 0.15 |
The correlation between EUDG and BNO shifts across timeframes, from -0.38 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EUDG vs. BNO — Risk / Return Rank
EUDG
BNO
EUDG vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe Quality Dividend Growth Fund (EUDG) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EUDG | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.24 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.70 | +0.11 |
| Martin ratioReturn relative to average drawdown | 6.01 | 5.15 | +0.86 |
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Drawdowns
EUDG vs. BNO - Drawdown Comparison
The maximum EUDG drawdown since its inception was -33.76%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for EUDG and BNO.
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Drawdown Indicators
| EUDG | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.76% | -87.06% | +53.30% |
Max Drawdown (1Y)Largest decline over 1 year | -12.20% | -34.46% | +22.26% |
Max Drawdown (3Y)Largest decline over 3 years | -13.73% | -34.46% | +20.73% |
Max Drawdown (5Y)Largest decline over 5 years | -33.30% | -34.46% | +1.16% |
Max Drawdown (10Y)Largest decline over 10 years | -33.76% | -75.18% | +41.42% |
Current DrawdownCurrent decline from peak | -0.50% | -16.21% | +15.71% |
Average DrawdownAverage peak-to-trough decline | -7.65% | -39.99% | +32.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 11.86% | -8.20% |
Volatility
EUDG vs. BNO - Volatility Comparison
The current volatility for WisdomTree Europe Quality Dividend Growth Fund (EUDG) is 4.35%, while United States Brent Oil Fund LP (BNO) has a volatility of 17.47%. This indicates that EUDG 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
| EUDG | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 17.47% | -13.12% |
Volatility (6M)Calculated over the trailing 6-month period | 13.03% | 40.96% | -27.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.45% | 44.54% | -29.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 36.41% | -19.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.33% | 36.98% | -19.65% |
EUDG vs. BNO - Expense Ratio Comparison
EUDG has a 0.58% expense ratio, which is lower than BNO's 1.00% expense ratio.
Dividends
EUDG vs. BNO - Dividend Comparison
EUDG's dividend yield for the trailing twelve months is around 2.33%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
EUDG WisdomTree Europe Quality Dividend Growth Fund | 2.33% | 2.19% | 2.41% | 2.14% | 3.07% | 2.98% | 1.87% | 2.30% | 3.00% | 1.55% | 2.49% | 2.10% |
Frequently Asked Questions
EUDG and BNO have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNO has higher volatility (17.47%) compared to EUDG (4.35%). In terms of maximum drawdown, EUDG dropped -33.76% vs BNO's -87.06%.
On 10-year performance, BNO leads with 15.06% vs 8.58% for EUDG. On fees, EUDG is cheaper at 0.58% per year. On volatility, EUDG has been the lower-risk option at 4.35%. 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 15.06% return vs 8.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EUDG is cheaper with a 0.58% expense ratio, compared with 1.00% for BNO.
EUDG has the higher dividend yield at 2.33%, compared with 0.00% for BNO.
EUDG is categorized as Quality Factor, while BNO is Oil & Gas. EUDG tracks WisdomTree Europe Quality Dividend Growth Index, while BNO tracks Crude Oil Brent ICE Near Term Futures. They also come from different issuers: WisdomTree and USCF. Their fees differ too: 0.58% for EUDG and 1.00% for BNO.
EUDG currently has the higher Sharpe Ratio (1.43 vs 1.32), 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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