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VIGI vs. BNO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VIGI vs. BNO

Last updated Jun 4, 2026

VIGI (Vanguard International Dividend Appreciation ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - VIGI is a Foreign Large Cap Equities fund tracking the NASDAQ International DividendAchieversSelect Index, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. Both are passively managed. Over the past 10 years, VIGI returned 7.80%/yr vs 13.60%/yr for BNO. At a 0.18 correlation, their price movements are largely independent. VIGI charges 0.15%/yr vs 0.90%/yr for BNO.

Performance

VIGI vs. BNO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard International Dividend Appreciation ETF (VIGI) 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, VIGI achieves a 2.74% return, which is significantly lower than BNO's 90.47% return. Over the past 10 years, VIGI has underperformed BNO with an annualized return of 7.80%, while BNO has yielded a comparatively higher 13.60% annualized return.

VIGI

1D
-0.85%
1M
2.28%
YTD
2.74%
6M
4.20%
1Y
6.26%
3Y*
9.70%
5Y*
4.37%
10Y*
7.80%

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)

VIGI vs. BNO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VIGI
Vanguard International Dividend Appreciation ETF		2.74%16.88%2.73%16.30%-16.79%12.51%14.66%27.53%-11.50%27.97%
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 VIGI and BNO is -0.35, 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

-0.35

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

-0.10

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 Mar 3, 2016

0.18

The correlation between VIGI and BNO shifts across timeframes, from -0.35 (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.

Vanguard International Dividend Appreciation ETF

United States Brent Oil Fund LP

Often compared with VIGI:
VIGI vs. VYMIVIGI vs. VIGVIGI vs. SCHYVIGI vs. VXUSVIGI vs. IGROVIGI vs. SCHDVIGI vs. IQLT
Often compared with BNO:
BNO vs. USOBNO vs. XLEBNO vs. USLBNO vs. BOILBNO vs. UNGBNO vs. UCOBNO vs. XOM

Return for Risk

VIGI vs. BNO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VIGI
VIGI Risk / Return Rank: 1616
Overall Rank
VIGI Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
VIGI Sortino Ratio Rank: 1515
Sortino Ratio Rank
VIGI Omega Ratio Rank: 1515
Omega Ratio Rank
VIGI Calmar Ratio Rank: 1616
Calmar Ratio Rank
VIGI Martin Ratio Rank: 1818
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.

VIGI vs. BNO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard International Dividend Appreciation ETF (VIGI) 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.

VIGIBNODifference
Sharpe ratioReturn per unit of total volatility
0.49
2.23

-1.74

Sortino ratioReturn per unit of downside risk
0.77
2.73

-1.96

Omega ratioGain probability vs. loss probability

1.09

1.38

-0.28

Calmar ratioReturn relative to maximum drawdown

0.59

5.17

-4.58

Martin ratioReturn relative to average drawdown

2.08

9.76

-7.68

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

VIGI vs. BNO - Sharpe Ratio Comparison

The current VIGI Sharpe Ratio is 0.49, which is lower than the BNO Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of VIGI 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

VIGIBNODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.49

2.23

-1.74

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.30

0.69

-0.38

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.49

0.37

+0.12

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

0.14

+0.39

Drawdowns

VIGI vs. BNO - Drawdown Comparison

The maximum VIGI drawdown since its inception was -31.01%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for VIGI and BNO.

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Drawdown Indicators

VIGIBNODifference

Max Drawdown

Largest peak-to-trough decline

-31.01%

-87.06%

+56.05%

Max Drawdown (1Y)

Largest decline over 1 year

-10.64%

-17.87%

+7.23%

Max Drawdown (3Y)

Largest decline over 3 years

-14.50%

-23.75%

+9.25%

Max Drawdown (5Y)

Largest decline over 5 years

-28.80%

-33.70%

+4.90%

Max Drawdown (10Y)

Largest decline over 10 years

-31.01%

-75.18%

+44.17%

Current Drawdown

Current decline from peak

-2.38%

-10.29%

+7.91%

Average Drawdown

Average peak-to-trough decline

-6.18%

-40.17%

+33.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.02%

9.45%

-6.43%

Volatility

VIGI vs. BNO - Volatility Comparison

The current volatility for Vanguard International Dividend Appreciation ETF (VIGI) is 3.09%, while United States Brent Oil Fund LP (BNO) has a volatility of 14.22%. This indicates that VIGI 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

VIGIBNODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.09%

14.22%

-11.13%

Volatility (6M)

Calculated over the trailing 6-month period

10.13%

36.10%

-25.97%

Volatility (1Y)

Calculated over the trailing 1-year period

12.96%

41.46%

-28.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.43%

35.38%

-20.95%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.88%

36.68%

-20.80%

VIGI vs. BNO - Expense Ratio Comparison

VIGI has a 0.15% expense ratio, which is lower than BNO's 0.90% expense ratio.

Dividends

VIGI vs. BNO - Dividend Comparison

VIGI's dividend yield for the trailing twelve months is around 2.14%, while BNO has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019201820172016
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%
VIGI
Vanguard International Dividend Appreciation ETF		2.14%2.14%1.93%1.92%2.06%7.02%1.29%1.83%1.99%1.75%1.05%

Frequently Asked Questions

VIGI and BNO have a correlation of -0.35, 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 VIGI (3.09%). In terms of maximum drawdown, VIGI dropped -31.01% vs BNO's -87.06%.

On 10-year performance, BNO leads with 13.60% vs 7.80% for VIGI. On fees, VIGI is cheaper at 0.15% per year. On volatility, VIGI has been the lower-risk option at 3.09%. 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 7.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VIGI is cheaper with a 0.15% expense ratio, compared with 0.90% for BNO.

VIGI has the higher dividend yield at 2.14%, compared with 0.00% for BNO.

VIGI is categorized as Foreign Large Cap Equities, while BNO is Oil & Gas. VIGI tracks NASDAQ International DividendAchieversSelect Index, while BNO tracks Front Month Brent Crude Oil. They also come from different issuers: Vanguard and Concierge Technologies. Their fees differ too: 0.15% for VIGI and 0.90% for BNO.

BNO currently has the higher Sharpe Ratio (2.23 vs 0.49), 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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