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USLvsBNOETF Comparison

ETF 1
USL

United States 12 Month Oil Fund

This fund is part of
Energy
+1.63%
VS
ETF 2
BNO

United States Brent Oil ETF

This fund is part of
Energy
+1.63%

United States 12 Month Oil Fund (USL) and United States Brent Oil ETF (BNO) belong to the same industry segment: Energy. USL is less expensive with a Total Expense Ratio (TER) of 1.02%, versus 1.14% for BNO. USL is up 95.17% year-to-date (YTD) with -$17M in YTD flows. BNO performs better with 154.4% YTD performance, and +$496M in YTD flows. Run a side-by-side ETF comparison of USL and BNO 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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USL vs BNO performance and flow charts

Performance

05101520%Sep 30Oct 7Oct 14Oct 21Oct 28

Cumulative Flows

0 M50 M100 M150 MSep 30Oct 7Oct 14Oct 21Oct 28

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Historic performance and flows
Data as of 10/30/2026
1M3MYTD1Y3Y5Y
Perf.
USL
BNO
+13.95%+19.81%
+30.68%+45.03%
+95.17%+154.40%
+86.76%+144.63%
+68.47%+135.42%
+122.33%+219.76%
Flows
USL
BNO
-$3M+$150M
-$6M+$39M
-$17M+$496M
-$18M+$504M
-$49M+$445M
-$166M+$273M
Volatility and drawdown
3M1Y3Y5Y
Volatility
USL
BNO
+21.21%+37.09%
+32.42%+49.91%
+27.76%+37.02%
+31.35%+38.04%
Max drawdown
USL
BNO
-5.39%-9.72%
-20.87%-34.30%
-23.82%-34.30%
-32.97%-34.30%
Max drawdown duration
USL
BNO
5d8d
114d127d
608d127d
1367d127d
Trading data

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USL
BNO
Last sale
10/30/2026 at 1:30 PM
$64.42
$71.39
Previous close
10/29/2026
$64.21
$70.76
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 2, 2026
1-year trailing difference

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USL
BNO
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 10/30/2026 at 1:30 PM
Live
Closed
USL
BNO
Last price
$64.42
$71.39
1D performance
+0.33%
+0.89%
AuM$52.01 M$946.39 M
E/R1.02%1.14%
Characteristics
USL
BNO
Management strategyPassivePassive
ProviderUSCFUSCF
BenchmarkOil PriceBrent Crude Oil Price
N° of holdings--
Asset class--
Trailing 12m distribution yield
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Inception dateDecember 6, 2007June 2, 2010
ESGNoNo
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Exposure

Countries

USL
Data will be available soon
BNO
Data will be available soon

Sectors

USL
Data will be available soon
BNO
Data will be available soon
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Diversification

USL
Data will be available soon
BNO
Data will be available soon

Top 15 holdings

Data as of January 1, 1970
USL
Data will be available soon
BNO
Data will be available soon
Frequently asked questions about USL and BNO

How have the USL and BNO ETFs performed in 2026?

As of October 30, 2026, USL is up 95.17% year-to-date (YTD), while BNO has returned 154.4%. That puts BNO better performer ahead so far this year.

Which ETF is attracting more investor money: USL or BNO?

Year-to-date, the USL ETF saw -$17M in flows, compared to +$496M for BNO.

Which ETF is more volatile: USL or BNO?

Over the past year, USL had a volatility of 32.42%, while BNO experienced 49.91%.

Which ETF is bigger: USL or BNO?

As of October 30, 2026, USL holds $52.01 M in assets under management (AUM), while BNO manages $946.39 M.

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