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BNO ETF — United States Brent Oil Fund LP
United States Brent Oil Fund LP (BNO)
Updated October 16, 2026.
BNO is an ETF. its expense ratio is 1.15%. Total return is 162.6% over the past 16.4 years, 662.9 points behind SPY at 825.5%.
United States Brent Oil Fund LP is an ETF that tracks the price of Brent crude oil futures contracts traded on ICE Futures Europe, maintaining exposure to the near-month contract or the following month's contract when the near month is close to expiration. The fund does not currently distribute income to shareholders and carries an expense ratio of 1.15%. It appeals to investors seeking direct commodity exposure to Brent oil prices rather than traditional equity or fixed-income income strategies.
BNO holdings and sector exposure
Holdings are not available for this snapshot.
BNO performance versus SPY
Price and return data through 2026-10-16.
Total return is 162.6% over the past 16.4 years, 662.9 points behind SPY at 825.5%. Over the past year its total return — price change plus distributions reinvested — is 141.9%. Its deepest 1-year drawdown was 34.5%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 8.9% | — |
| 3M | 43.6% | — |
| 6M | 36.9% | — |
| YTD | 137.3% | — |
| 1Y | 141.9% | — |
| 2Y CAGR | — | 51.30% |
| 3Y CAGR | — | 28.90% |
| 5Y CAGR | — | 24.60% |
| 10Y CAGR | — | 16.10% |
| Since inception (16.4 years) | 162.6% | 6.10% |
BNO key facts
- Issuer
- USCF Investments
- Asset type
- ETF
- Asset class
- Commodity
- Inception date
- 06/02/2010
- Expense ratio
- 1.15%
- Distribution frequency
- None
- Last close
- $67.19 (as of 2026-10-16)
- AUM
- $658,006,564
- Average volume
- 2279318.0
- Beta
- 2.17
How Dividend Vision calculates yield and returns
Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: USCF Investments; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
BNO risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 34.5%.
Who may consider BNO — and who may not
It is a weaker fit for investors who need monthly cash flow (BNO does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on BNO
Frequently asked questions
Does BNO pay monthly?
No. BNO does not currently distribute.
What is BNO's expense ratio?
BNO's expense ratio is 1.15%.
When does BNO pay a dividend?
BNO does not currently distribute.
How has BNO performed?
Total return is 162.6% over the past 16.4 years, 662.9 points behind SPY at 825.5%. Over the past year its total return — price change plus distributions reinvested — is 141.9%. Its deepest 1-year drawdown was 34.5%.
More securities from USCF Investments.
Tickers
Holdings as-of date unavailable.
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