BNO vs SPPP

Comparison between United States Brent Crude Oil Fund (BNO, ETF) and Sprott Physical Platinum and Palladium Trust (SPPP, ETF).

5-Year PerformanceBNO has outperformed SPPP, delivering a return of +22.2% compared to -6.2%

BNO vs SPPP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BNO(ETF)	SPPP(ETF)
Net Assets	$544M	$544M
Expense Ratio	1.15%	N/A
Max Drawdown	87.06%	59.09%
Sharpe Ratio	1.31	0.24
5Y Beta	-0.00	0.64

Net Assets

Winner

BNO

$544M

SPPP

$544M

Expense Ratio

BNO

1.15%

SPPP

N/A

Max Drawdown

BNO

87.06%

Winner

SPPP

59.09%

Sharpe Ratio

Winner

BNO

1.31

SPPP

0.24

5Y Beta

Winner

BNO

-0.00

SPPP

0.64

BNO vs SPPP - Historical Returns

Returns include dividend reinvestment.

Period	BNO	SPPP
1 month	+17.25%	+0.38%
3 months	+0.98%	-17.08%
6 months	+66.26%	-34.60%
1 year	+66.75%	+1.53%
5 years(CAGR)	+22.16%	-6.22%
10 years(CAGR)	+13.92%	+5.58%
Max(CAGR)	+4.31%	+2.17%

Winner

BNO

+17.25%

SPPP

+0.38%

Winner

BNO

+0.98%

SPPP

-17.08%

Winner

BNO

+66.26%

SPPP

-34.60%

Winner

BNO

+66.75%

SPPP

+1.53%

5Y(CAGR)

Winner

BNO

+22.16%

SPPP

-6.22%

10Y(CAGR)

Winner

BNO

+13.92%

SPPP

+5.58%

Max(CAGR)

Winner

BNO

+4.31%

SPPP

+2.17%

BNO vs SPPP - Annual Returns (2010 - 2026)

Returns include dividend reinvestment.

Year	BNO	SPPP
2026	+78.97%	-23.85%
2025	-7.57%	+87.11%
2024	+10.93%	-10.56%
2023	+0.66%	-24.98%
2022	+33.65%	+0.22%
2021	+65.43%	-21.51%
2020	-38.58%	+23.75%
2019	+34.00%	+46.09%
2018	-15.30%	+3.64%
2017	+17.61%	+29.36%
2016	+27.90%	+15.00%
2015	-44.41%	-29.03%
2014	-46.69%	-2.47%
2013	+7.52%	-12.06%
2012	+5.34%	+0.91%
2011	+17.93%	N/A
2010	+22.02%	N/A

BNO vs SPPP Drawdown Comparison

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

The maximum drawdown for SPPP was -59.09%, occurring on Feb 9, 2024. Recovery took 1180 trading sessions.

The current BNO drawdown is -15.92%. The current SPPP drawdown is -41.32%.

Rank	BNO	SPPP
#1	-87.06% Jun 19, 2014 - Mar 12, 2026	-59.09% May 11, 2021 - Jan 22, 2026
#2	-34.46% May 4, 2026 - Jul 1, 2026	-50.42% Feb 27, 2020 - Apr 1, 2021
#3	-28.37% Mar 1, 2012 - Feb 13, 2013	-49.16% Feb 14, 2013 - Jan 18, 2019
#4	-19.87% Apr 8, 2011 - Feb 21, 2012	-45.66% Jan 23, 2026 - Jun 24, 2026
#5	-16.83% Apr 6, 2026 - Apr 28, 2026	-18.43% Mar 20, 2019 - Sep 3, 2019
#6	-16.52% Feb 14, 2013 - Aug 28, 2013	-9.98% Jan 22, 2020 - Feb 19, 2020
#7	-12.43% Aug 4, 2010 - Oct 1, 2010	-8.56% Nov 1, 2019 - Dec 4, 2019
#8	-9.52% Mar 20, 2026 - Mar 30, 2026	-6.79% Feb 26, 2019 - Mar 20, 2019
#9	-8.93% Jun 17, 2010 - Aug 2, 2010	-5.89% Jan 18, 2019 - Feb 12, 2019
#10	-8.65% Aug 28, 2013 - Jun 12, 2014	-5.80% Dec 16, 2019 - Dec 31, 2019
#11	-6.80% Nov 10, 2010 - Dec 2, 2010	-3.77% Feb 21, 2020 - Feb 26, 2020
#12	-6.78% Mar 30, 2026 - Apr 2, 2026	-3.52% Sep 24, 2019 - Oct 16, 2019
#13	-6.44% Mar 2, 2011 - Mar 31, 2011	-3.30% Jan 17, 2020 - Jan 22, 2020
#14	-5.03% Oct 6, 2010 - Nov 4, 2010	-3.10% Dec 31, 2012 - Jan 16, 2013
#15	-4.41% Jun 3, 2010 - Jun 10, 2010	-2.55% Sep 4, 2019 - Sep 12, 2019