Skip to content
Beacon
Screener

USL vs BNO

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

USL

United States 12 Month Oil Fund, LP

Annual cost

1.01%

Fund size

$59M

BNO

United States Brent Oil Fund, LP

Annual cost

1.15%

Fund size

$879M

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

USLBNO
Annual cost (TER)1.01%1.15%
Fund size (AUM)$59M$879M
Since20072010
Dividend yield0.00%0.00%
Asset classcommoditycommodity
Region
Strategy
CAGR 1Y+52.5%+85.7%
CAGR 3Y+16.6%+26.1%
CAGR 5Y+18.2%+24.7%
Sharpe 3Y0.590.77
Volatility 1Y28.58%41.43%
Max drawdown-66.02%-75.18%

Similar to USL and BNO