BNOvsUSLETF Comparison
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United States Brent Oil ETF (BNO) and United States 12 Month Oil Fund (USL) belong to the same industry segment: Energy. BNO is more expensive with a Total Expense Ratio (TER) of 1.14%, versus 1.02% for USL. BNO is up 154.4% year-to-date (YTD) with +$496M in YTD flows. USL performs worse with 95.17% YTD performance, and -$17M in YTD flows. Run a side-by-side ETF comparison of BNO and USL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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BNO vs USL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BNO USL | +19.81%+13.95% | +45.03%+30.68% | +154.40%+95.17% | +144.63%+86.76% | +135.42%+68.47% | +219.76%+122.33% |
| Flows | BNO USL | +$150M-$3M | +$39M-$6M | +$496M-$17M | +$504M-$18M | +$445M-$49M | +$273M-$166M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BNO USL | +37.09%+21.21% | +49.91%+32.42% | +37.02%+27.76% | +38.04%+31.35% |
| Max drawdown | BNO USL | -9.72%-5.39% | -34.30%-20.87% | -34.30%-23.82% | -34.30%-32.97% |
| Max drawdown duration | BNO USL | 8d5d | 127d114d | 127d608d | 127d1367d |
Trading data
BNO | USL | |
Last sale 10/30/2026 at 1:30 PM | $71.39 | $64.42 |
| Previous close 10/29/2026 | $70.76 | $64.21 |
| Consolidated volume 10/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of November 1, 2026
1-year trailing difference
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BNO | USL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
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Main metrics
Last update 10/30/2026 at 1:30 PM
Live
Closed
BNO | USL | |
|---|---|---|
| Last price | $71.39 | $64.42 |
| 1D performance | +0.89% | +0.33% |
| AuM | $946.39 M | $52.01 M |
| E/R | 1.14% | 1.02% |
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Exposure
Countries
BNO
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USL
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Sectors
BNO
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USL
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Diversification
BNO
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USL
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Top 15 holdings
Data as of January 1, 1970
BNO
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USL
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Frequently asked questions about BNO and USL
How have the BNO and USL ETFs performed in 2026?
As of October 30, 2026, BNO is up 154.4% year-to-date (YTD), while USL has returned 95.17%. That puts BNO better performer ahead so far this year.
Which ETF is attracting more investor money: BNO or USL?
Year-to-date, the BNO ETF saw +$496M in flows, compared to -$17M for USL.
Which ETF is more volatile: BNO or USL?
Over the past year, BNO had a volatility of 49.91%, while USL experienced 32.42%.
Which ETF is bigger: BNO or USL?
As of October 30, 2026, BNO holds $946.39 M in assets under management (AUM), while USL manages $52.01 M.
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Latest news about BNO & USL
The Weekly ETF Market Monitor (September 7-11, 2026)
September 14, 2026
BNO
Crude and Natural Gas Markets on the Move
August 12, 2024
BNO
USL
Energy Funds Stay in the Green as Oil Prices Inch Closer to $100 per Barrel
September 18, 2023
BNO
OPEC's Production Cut: Implications for 2023 Economic Outlook
April 12, 2023
BNO
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