IH2O.L vs. BRNT.L
IH2O.L (iShares Global Water UCITS ETF) and BRNT.L (WisdomTree Brent Crude Oil) are both exchange-traded funds - IH2O.L is a Water Equities fund tracking the S&P Global Water TR, while BRNT.L is a Oil & Gas fund tracking the Bloomberg Brent Crude Subindex. Both are passively managed. Over the past 10 years, IH2O.L returned 10.41%/yr vs 14.44%/yr for BRNT.L. At a 0.18 correlation, their price movements are largely independent. IH2O.L charges 0.65%/yr vs 0.49%/yr for BRNT.L.
Performance
IH2O.L vs. BRNT.L - Performance Comparison
Loading charts...
Different Trading Currencies
IH2O.L is traded in GBp, while BRNT.L is traded in USD. To make them comparable, the BRNT.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IH2O.L achieves a -1.56% return, which is significantly lower than BRNT.L's 80.86% return. Over the past 10 years, IH2O.L has underperformed BRNT.L with an annualized return of 10.41%, while BRNT.L has yielded a comparatively higher 14.44% annualized return.
IH2O.L
- 1D
- -0.06%
- 1M
- -2.43%
- YTD
- -1.56%
- 6M
- -2.69%
- 1Y
- 4.75%
- 3Y*
- 6.36%
- 5Y*
- 5.71%
- 10Y*
- 10.41%
BRNT.L
- 1D
- -2.63%
- 1M
- -8.78%
- YTD
- 80.86%
- 6M
- 74.99%
- 1Y
- 86.41%
- 3Y*
- 21.44%
- 5Y*
- 24.84%
- 10Y*
- 14.44%
IH2O.L vs. BRNT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IH2O.L iShares Global Water UCITS ETF | -1.56% | 10.23% | 6.31% | 7.67% | -11.13% | 33.06% | 11.63% | 29.99% | -4.91% | 16.22% |
BRNT.L WisdomTree Brent Crude Oil | 80.86% | -13.01% | 9.33% | -3.98% | 51.16% | 67.83% | -35.18% | 27.12% | -8.81% | 2.67% |
Correlation
The correlation between IH2O.L and BRNT.L is -0.22, 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 | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2012 | 0.18 |
The correlation between IH2O.L and BRNT.L shifts across timeframes, from -0.22 (1 year) to 0.18 (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.
Return for Risk
IH2O.L vs. BRNT.L — Risk / Return Rank
IH2O.L
BRNT.L
IH2O.L vs. BRNT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Water UCITS ETF (IH2O.L) and WisdomTree Brent Crude Oil (BRNT.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.
| IH2O.L | BRNT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.35 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 4.67 | -4.21 |
| Martin ratioReturn relative to average drawdown | 1.23 | 8.70 | -7.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IH2O.L | BRNT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.39 | 1.96 | -1.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.71 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.41 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.08 | +0.53 |
Drawdowns
IH2O.L vs. BRNT.L - Drawdown Comparison
The maximum IH2O.L drawdown since its inception was -35.40%, smaller than the maximum BRNT.L drawdown of -82.19%. Use the drawdown chart below to compare losses from any high point for IH2O.L and BRNT.L.
Loading charts...
Drawdown Indicators
| IH2O.L | BRNT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.40% | -82.19% | +46.79% |
Max Drawdown (1Y)Largest decline over 1 year | -10.29% | -18.40% | +8.11% |
Max Drawdown (3Y)Largest decline over 3 years | -13.96% | -27.96% | +14.00% |
Max Drawdown (5Y)Largest decline over 5 years | -23.14% | -34.39% | +11.25% |
Max Drawdown (10Y)Largest decline over 10 years | -27.16% | -70.61% | +43.45% |
Current DrawdownCurrent decline from peak | -9.03% | -8.90% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -5.79% | -41.49% | +35.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 9.90% | -6.04% |
Volatility
IH2O.L vs. BRNT.L - Volatility Comparison
The current volatility for iShares Global Water UCITS ETF (IH2O.L) is 3.95%, while WisdomTree Brent Crude Oil (BRNT.L) has a volatility of 15.69%. This indicates that IH2O.L experiences smaller price fluctuations and is considered to be less risky than BRNT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IH2O.L | BRNT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 15.69% | -11.74% |
Volatility (6M)Calculated over the trailing 6-month period | 10.15% | 38.01% | -27.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.26% | 43.83% | -31.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.97% | 35.10% | -21.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.92% | 35.53% | -20.61% |
IH2O.L vs. BRNT.L - Expense Ratio Comparison
IH2O.L has a 0.65% expense ratio, which is higher than BRNT.L's 0.49% expense ratio.
Dividends
IH2O.L vs. BRNT.L - Dividend Comparison
IH2O.L's dividend yield for the trailing twelve months is around 1.91%, while BRNT.L has not paid dividends to shareholders.
| 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
IH2O.L and BRNT.L have a correlation of -0.22, 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.
IH2O.L is categorized as Water Equities, while BRNT.L is Oil & Gas. IH2O.L tracks S&P Global Water TR, while BRNT.L tracks Bloomberg Brent Crude Subindex. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.65% for IH2O.L and 0.49% for BRNT.L.
Find the right allocation for IH2O.L and BRNT.L
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