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Upturn AI SWOT - About
United States Brent Oil Fund LP (BNO)
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Upturn Advisory Summary
10/24/2025: BNO (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit -24.94% | Avg. Invested days 33 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/24/2025 |
Key Highlights
Volume (30-day avg) - | Beta 0.83 | 52 Weeks Range 24.72 - 33.39 | Updated Date 06/30/2025 |
52 Weeks Range 24.72 - 33.39 | Updated Date 06/30/2025 |
Upturn AI SWOT
United States Brent Oil Fund LP
ETF Overview
Overview
The United States Brent Oil Fund LP (BNO) seeks to track the daily changes in percentage terms of the spot price of Brent crude oil, less BNO's expenses. It provides investors exposure to Brent crude oil, a global benchmark for oil prices. The fund invests primarily in futures contracts for Brent crude oil.
Reputation and Reliability
United States Commodity Funds LLC is a well-known issuer of commodity-based ETFs. They have a history of providing access to commodity markets through various ETF products.
Management Expertise
The management team has experience in commodity markets and investment management, overseeing the trading and management of commodity futures contracts.
Investment Objective
Goal
To track the daily changes in percentage terms of the spot price of Brent crude oil.
Investment Approach and Strategy
Strategy: BNO employs a futures-based strategy, investing primarily in Brent crude oil futures contracts.
Composition The ETF primarily holds front-month Brent crude oil futures contracts and occasionally other short-term money market instruments.
Market Position
Market Share: Data unavailable to accurately specify.
Total Net Assets (AUM): 93340000
Competitors
Key Competitors
- United States Oil Fund LP (USO)
- Invesco DB Oil Fund (DBO)
- ProShares Ultra Bloomberg Crude Oil (UCO)
Competitive Landscape
The oil ETF market is competitive, with several funds offering exposure to crude oil. BNO focuses on Brent crude, while USO tracks WTI crude. BNO's advantage lies in its focus on Brent, which can offer different price dynamics. However, its smaller size compared to USO can affect liquidity and tracking efficiency.
Financial Performance
Historical Performance: Historical performance varies with oil price fluctuations. Performance can vary dramatically.
Benchmark Comparison: The benchmark is the spot price of Brent crude oil. Tracking error can occur due to futures contracts and fund expenses.
Expense Ratio: 0.9
Liquidity
Average Trading Volume
The average trading volume of BNO is moderate, but can vary.
Bid-Ask Spread
The bid-ask spread of BNO can fluctuate, impacted by supply and demand.
Market Dynamics
Market Environment Factors
Economic growth, geopolitical events, supply disruptions, and demand patterns significantly impact BNO's performance through their effect on Brent crude oil prices.
Growth Trajectory
Growth depends on global oil market trends. Changes to strategy are unlikely, as the fund aims to track Brent crude oil prices.
Moat and Competitive Advantages
Competitive Edge
BNO's competitive advantage is its direct focus on Brent crude oil, a key global benchmark. This allows investors to specifically target exposure to Brent prices, distinct from WTI. It's simplicity and clear objective attract investors. However, it faces strong competition from larger, more liquid oil ETFs, especially those tracking WTI.
Risk Analysis
Volatility
BNO is highly volatile due to the volatile nature of oil prices. Expect significant price swings.
Market Risk
Market risk is substantial, as oil prices are influenced by numerous factors, including economic conditions, geopolitical events, and supply/demand imbalances.
Investor Profile
Ideal Investor Profile
Investors seeking short-term exposure to Brent crude oil price movements. Suitable for those who understand commodity futures markets.
Market Risk
Suitable for active traders and those with a shorter-term investment horizon. Not ideal for passive, long-term investors.
Summary
The United States Brent Oil Fund LP (BNO) offers exposure to Brent crude oil prices through futures contracts. The fund is highly volatile and suitable for active traders seeking short-term gains or hedging opportunities. BNO's performance is closely tied to global oil market dynamics, and it carries substantial market risk. While it provides direct exposure to Brent, investors should consider its expense ratio and liquidity compared to other oil ETFs.
Peer Comparison
Sources and Disclaimers
Data Sources:
- https://www.uscfinvestments.com/bno
- Various financial news websites
- ETF.com
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Invest at your own risk.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About United States Brent Oil Fund LP
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
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.
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