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BNO
+12.49 · +36.78%
$46.44 · NYSE ARCA

United States Brent Oil Fund LP (BNO) ETF Analysis | Commodities Focused

USCF Investments · United States
AUM:$902.5M
#– of – in Commodities Focused ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

Up 119.8% over the past year, reflecting strong price momentum.

Cost Efficiency

Ongoing charge of 1.00% — above average for this category.

What is BNO?

The Benchmark Futures Contract is the futures contract on Brent crude oil as traded on the Ice Futures Europe Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire.

Performance Highlights

Returns (%)
Cost & Yield (%)

Investment Breakdown

Strong Recent Performance
BNO delivered 119.8% over the past year. Historical returns only — past performance is not indicative of future results.
Higher Cost Profile
Expense ratio of 1.00% is above average. Verify whether the strategy justifies the cost.
Concentrated Holdings
Top 10 holdings account for 50.1% of the ETF — significant weight in a small number of names.
ETF Information
AUM$902.5M
Expense Ratio1.00%
Dividend Yield0.00%
Holdings1
Inception DateJun 2010
DomicileUnited States
DistributionNA
Index–
ProviderUSCF Investments
Beta1.97
CategoryCommodities Focused
CurrencyUSD
Portfolio Impact

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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
+47.9%
1Y
+69.2%
3Y
+77.2%
5Y
+175.0%
OpenBook InsightIf you had invested £10,000 in BNO 5 years ago, it would have grown to £27,500 — a gain of £17,500.

Annual Returns

Calendar year performance

BNO delivered positive returns in 4 of the last 5 calendar years.
YearBNO
2026 YTD+82.2%
2025-7.6%
2024+10.9%
2023+0.7%
2022+33.6%
CAGR 4yr+8.4%
4/5 positive yearsAvg return: +24.0%Worst year: -7.6% (2025)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: POSITIVE
Trend Strength
100%
Positive
Volatility
54.1%
Very High
Momentum
+4.4%
30-day change
Support Level
45.32
Key floor
Key Insights
  • Price is currently trading above all key moving averages.
  • Elevated volatility indicates higher short-term price variability and risk.
  • Monitor key support and resistance levels as part of broader risk assessment.
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