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Upturn AI SWOT - About
United States Brent Oil Fund LP (BNO)
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Upturn Advisory Summary
08/14/2025: BNO (1-star) has a low Upturn Star Rating. Not recommended to BUY.
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 -16.66% | Avg. Invested days 36 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/14/2025 |
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) is designed to track the daily changes in percentage terms of the spot price of Brent crude oil. It invests in futures contracts for Brent crude oil and aims to provide investors with exposure to the price movements of this benchmark crude oil.
Reputation and Reliability
United States Commodity Funds LLC is the issuer and is a well-known provider of commodity-based ETFs. They have a reasonable track record, but commodity ETFs are generally considered riskier investments.
Management Expertise
The management team has experience in commodity markets and ETF management; however, the fund's performance largely depends on the underlying commodity price.
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 uses a futures-based strategy, primarily investing in near-month Brent crude oil futures contracts. The fund is actively managed to mitigate the effects of contango.
Composition The ETF primarily holds futures contracts on Brent crude oil. It may also hold cash and other short-term investments.
Market Position
Market Share: BNO holds a significant, but not dominating, market share within the Brent oil ETF category.
Total Net Assets (AUM): 113380000
Competitors
Key Competitors
- DBO
- OILB
- BCLN
Competitive Landscape
The competitive landscape includes other oil-related ETFs. BNO's advantage lies in its specific focus on Brent crude. Disadvantages include tracking error and the potential for losses due to contango effects compared to direct holdings.
Financial Performance
Historical Performance: Historical performance is highly correlated with Brent crude oil price fluctuations. Past performance is not indicative of future results.
Benchmark Comparison: The ETF aims to mirror the performance of Brent crude oil spot prices. Deviations can occur due to futures contract roll costs and fund management expenses.
Expense Ratio: 0.9
Liquidity
Average Trading Volume
The average trading volume of BNO provides reasonable liquidity for most investors.
Bid-Ask Spread
The bid-ask spread for BNO is typically reasonable, reflecting sufficient market liquidity.
Market Dynamics
Market Environment Factors
Global economic conditions, geopolitical events, supply and demand dynamics, and OPEC policies influence Brent crude oil prices, impacting BNO's performance.
Growth Trajectory
BNO's growth is directly tied to the Brent crude oil market. Any changes in the perception of the Brent market or fund costs can influence holdings and strategy.
Moat and Competitive Advantages
Competitive Edge
BNO's competitive advantage lies in its clear focus on Brent crude oil. It offers a relatively straightforward way for investors to gain exposure to this specific oil benchmark. The ETF provides a liquid and accessible option compared to directly trading oil futures. BNO's brand recognition within the commodity ETF space also contributes to its competitive positioning. Its dedicated focus simplifies its investment purpose.
Risk Analysis
Volatility
BNO is subject to high volatility due to the inherent price fluctuations of Brent crude oil.
Market Risk
Market risk is significant due to the unpredictable nature of oil prices, influenced by geopolitical events, economic conditions, and supply-demand imbalances.
Investor Profile
Ideal Investor Profile
The ideal investor is someone seeking short-term exposure to Brent crude oil prices. Investors should have a high-risk tolerance and understand the complexities of commodity markets.
Market Risk
BNO is generally more suitable for active traders seeking short-term exposure rather than long-term investors due to the potential for tracking error and roll costs.
Summary
United States Brent Oil Fund LP (BNO) is designed to track the performance of Brent crude oil. It offers a liquid and accessible way for investors to participate in the Brent oil market. However, BNO is subject to high volatility and is more suitable for active traders. Investors should understand the risks associated with commodity-based ETFs and futures contracts. Past performance is not indicative of future returns.
Peer Comparison
Sources and Disclaimers
Data Sources:
- USCF Website
- ETFdb.com
- Yahoo Finance
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investing in ETFs involves risk, including the potential loss of principal.
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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