BNO vs FEM

Comparison between United States Brent Crude Oil Fund (BNO, ETF) and FIRST TRUST EMERGING MARKETS ALPHADEX FUND (FEM, ETF).

5-Year PerformanceBNO has outperformed FEM, delivering a return of +20.9% compared to +6.8%

BNO vs FEM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BNO(ETF)	FEM(ETF)
Net Assets	$763M	$765M
Expense Ratio	1.15%	0.80%
Max Drawdown	87.06%	49.78%
Sharpe Ratio	1.25	1.54
5Y Beta	0.01	0.66
5Y Dividends CAGR	N/A	4.66%

Net Assets

BNO

$763M

Winner

FEM

$765M

Expense Ratio

BNO

1.15%

Winner

FEM

0.80%

Max Drawdown

BNO

87.06%

Winner

FEM

49.78%

Sharpe Ratio

BNO

1.25

Winner

FEM

1.54

5Y Beta

Winner

BNO

0.01

FEM

0.66

5Y Dividends CAGR

BNO

N/A

FEM

4.66%

BNO vs FEM - Historical Returns

Returns include dividend reinvestment.

Period	BNO	FEM
1 month	-15.94%	-2.98%
3 months	-0.89%	+7.59%
6 months	+69.27%	+19.67%
1 year	+60.25%	+34.51%
5 years(CAGR)	+20.88%	+6.84%
10 years(CAGR)	+12.21%	+9.74%
Max(CAGR)	+3.98%	+3.88%

BNO

-15.94%

Winner

FEM

-2.98%

BNO

-0.89%

Winner

FEM

+7.59%

Winner

BNO

+69.27%

FEM

+19.67%

Winner

BNO

+60.25%

FEM

+34.51%

5Y(CAGR)

Winner

BNO

+20.88%

FEM

+6.84%

10Y(CAGR)

Winner

BNO

+12.21%

FEM

+9.74%

Max(CAGR)

Winner

BNO

+3.98%

FEM

+3.88%

BNO vs FEM - Annual Returns (2010 - 2026)

Returns include dividend reinvestment.

Year	BNO	FEM
2026	+69.27%	+15.66%
2025	-7.57%	+28.57%
2024	+10.93%	+3.92%
2023	+0.66%	+10.62%
2022	+33.65%	-15.44%
2021	+65.43%	+5.51%
2020	-38.58%	-3.18%
2019	+34.00%	+20.62%
2018	-15.30%	-16.98%
2017	+17.61%	+39.11%
2016	+27.90%	+18.71%
2015	-44.41%	-13.48%
2014	-46.69%	-8.74%
2013	+7.52%	-5.37%
2012	+5.34%	+18.21%
2011	+17.93%	-23.58%
2010	+22.02%	N/A

BNO vs FEM Drawdown Comparison

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

The maximum drawdown for FEM was -46.21%, occurring on Mar 18, 2020. Recovery took 825 trading sessions.

The current BNO drawdown is -20.47%. The current FEM drawdown is -4.70%.

Rank	BNO	FEM
#1	-87.06% Jun 19, 2014 - Mar 12, 2026	-46.21% Jan 26, 2018 - May 7, 2021
#2	-28.37% Mar 1, 2012 - Feb 13, 2013	-41.78% Apr 27, 2011 - Aug 24, 2017
#3	-20.47% May 4, 2026 - Jun 12, 2026	-31.71% Sep 13, 2021 - May 17, 2024
#4	-19.87% Apr 8, 2011 - Feb 21, 2012	-18.82% May 17, 2024 - Jun 11, 2025
#5	-16.83% Apr 6, 2026 - Apr 28, 2026	-9.31% Feb 25, 2026 - Apr 9, 2026
#6	-16.52% Feb 14, 2013 - Aug 28, 2013	-8.61% Jun 2, 2021 - Sep 7, 2021
#7	-12.43% Aug 4, 2010 - Oct 1, 2010	-7.62% May 11, 2026 - Jun 10, 2026
#8	-9.52% Mar 20, 2026 - Mar 30, 2026	-7.06% Oct 5, 2017 - Jan 2, 2018
#9	-8.93% Jun 17, 2010 - Aug 2, 2010	-4.85% Nov 12, 2025 - Dec 23, 2025
#10	-8.65% Aug 28, 2013 - Jun 12, 2014	-4.67% Sep 20, 2017 - Oct 5, 2017
#11	-6.80% Nov 10, 2010 - Dec 2, 2010	-4.66% Jan 28, 2026 - Feb 11, 2026
#12	-6.78% Mar 30, 2026 - Apr 2, 2026	-4.53% Sep 22, 2025 - Nov 3, 2025
#13	-6.44% Mar 2, 2011 - Mar 31, 2011	-4.32% May 7, 2021 - Jun 1, 2021
#14	-5.03% Oct 6, 2010 - Nov 4, 2010	-3.00% Jun 12, 2025 - Jun 26, 2025
#15	-4.41% Jun 3, 2010 - Jun 10, 2010	-2.79% Jul 24, 2025 - Aug 6, 2025