BNO vs EZA

Comparison between United States Brent Crude Oil Fund (BNO, ETF) and ISHARES MSCI SOUTH AFRICA ETF (EZA, ETF).

5-Year PerformanceBNO has outperformed EZA, delivering a return of +22.9% compared to +10.1%

BNO vs EZA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BNO(ETF)	EZA(ETF)
Net Assets	$544M	$544M
Expense Ratio	1.15%	0.59%
Max Drawdown	87.06%	68.15%
Sharpe Ratio	1.45	0.53
5Y Beta	-0.01	0.99
5Y Dividends CAGR	N/A	14.29%

Net Assets

BNO

$544M

Winner

EZA

$544M

Expense Ratio

BNO

1.15%

Winner

EZA

0.59%

Max Drawdown

BNO

87.06%

Winner

EZA

68.15%

Sharpe Ratio

Winner

BNO

1.45

EZA

0.53

5Y Beta

Winner

BNO

-0.01

EZA

0.99

5Y Dividends CAGR

BNO

N/A

EZA

14.29%

BNO vs EZA - Historical Returns

Returns include dividend reinvestment.

Period	BNO	EZA
1 month	+25.65%	-5.47%
3 months	+1.42%	-10.88%
6 months	+74.16%	-19.17%
1 year	+76.87%	+15.69%
5 years(CAGR)	+22.88%	+10.06%
10 years(CAGR)	+14.65%	+5.71%
Max(CAGR)	+4.67%	+8.91%

Winner

BNO

+25.65%

EZA

-5.47%

Winner

BNO

+1.42%

EZA

-10.88%

Winner

BNO

+74.16%

EZA

-19.17%

Winner

BNO

+76.87%

EZA

+15.69%

5Y(CAGR)

Winner

BNO

+22.88%

EZA

+10.06%

10Y(CAGR)

Winner

BNO

+14.65%

EZA

+5.71%

Max(CAGR)

BNO

+4.67%

Winner

EZA

+8.91%

BNO vs EZA - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	BNO	EZA
2026	+89.20%	-11.08%
2025	-7.57%	+73.49%
2024	+10.93%	+9.82%
2023	+0.66%	-1.59%
2022	+33.65%	-6.50%
2021	+65.43%	+7.43%
2020	-38.58%	-6.02%
2019	+34.00%	+9.97%
2018	-15.30%	-25.17%
2017	+17.61%	+34.76%
2016	+27.90%	+19.57%
2015	-44.41%	-24.50%
2014	-46.69%	+6.87%
2013	+7.52%	-7.68%
2012	+5.34%	+17.91%
2011	+17.93%	-15.89%
2010	+22.02%	+32.24%
2009	N/A	+47.87%
2008	N/A	-38.47%
2007	N/A	+18.24%
2006	N/A	+13.00%
2005	N/A	+24.77%
2004	N/A	+40.73%
2003	N/A	+47.69%

BNO vs EZA Drawdown Comparison

The maximum drawdown for BNO was -87.06%, occurring on Apr 28, 2020. Recovery took 2949 trading sessions.

The maximum drawdown for EZA was -64.67%, occurring on Oct 27, 2008. Recovery took 737 trading sessions.

The current BNO drawdown is -11.11%. The current EZA drawdown is -24.38%.

Rank	BNO	EZA
#1	-87.06% Jun 19, 2014 - Mar 12, 2026	-64.67% Oct 31, 2007 - Oct 5, 2010
#2	-34.46% May 4, 2026 - Jul 1, 2026	-62.32% Jan 26, 2018 - May 23, 2025
#3	-28.37% Mar 1, 2012 - Feb 13, 2013	-45.03% Apr 28, 2015 - Dec 21, 2017
#4	-19.87% Apr 8, 2011 - Feb 21, 2012	-29.56% May 9, 2006 - Feb 22, 2007
#5	-16.83% Apr 6, 2026 - Apr 28, 2026	-25.94% Apr 29, 2011 - May 14, 2014
#6	-16.52% Feb 14, 2013 - Aug 28, 2013	-24.38% Feb 27, 2026 - Jul 23, 2026
#7	-12.43% Aug 4, 2010 - Oct 1, 2010	-20.25% Jul 23, 2007 - Oct 4, 2007
#8	-9.52% Mar 20, 2026 - Mar 30, 2026	-19.16% Apr 6, 2004 - Sep 16, 2004
#9	-8.93% Jun 17, 2010 - Aug 2, 2010	-18.04% Mar 9, 2005 - Aug 10, 2005
#10	-8.65% Aug 28, 2013 - Jun 12, 2014	-17.71% Sep 5, 2014 - Apr 28, 2015
#11	-6.80% Nov 10, 2010 - Dec 2, 2010	-13.68% Feb 1, 2006 - Apr 3, 2006
#12	-6.78% Mar 30, 2026 - Apr 2, 2026	-13.47% Feb 23, 2007 - Apr 2, 2007
#13	-6.44% Mar 2, 2011 - Mar 31, 2011	-13.40% Jan 3, 2011 - Apr 6, 2011
#14	-5.03% Oct 6, 2010 - Nov 4, 2010	-12.38% Jan 3, 2005 - Feb 24, 2005
#15	-4.41% Jun 3, 2010 - Jun 10, 2010	-11.13% Sep 30, 2005 - Nov 21, 2005