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BNO vs USL

United States Brent Oil Fund, LP vs United States 12 Month Oil Fund, LP

BNO

United States Brent Oil Fund, LP

Annual cost

1.15%

Fund size

$879M

USL

United States 12 Month Oil Fund, LP

Annual cost

1.01%

Fund size

$59M

Key differences

  • USL costs 0.14% less per year.
  • BNO is significantly larger than USL — larger funds tend to be more liquid and less likely to close.
  • Over the last 3 years, BNO has delivered higher annualized returns.

Side-by-side comparison

BNOUSL
Annual cost (TER)1.15%1.01%
Fund size (AUM)$879M$59M
Since20102007
Dividend yield0.00%0.00%
Asset classcommoditycommodity
Region
Strategy
CAGR 1Y+85.7%+52.5%
CAGR 3Y+26.1%+16.6%
CAGR 5Y+24.7%+18.2%
Sharpe 3Y0.770.59
Volatility 1Y41.43%28.58%
Max drawdown-75.18%-66.02%

Similar to BNO and USL