EZA vs BNO

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

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

EZA vs BNO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

EZA

$544M

BNO

$544M

Expense Ratio

Winner

EZA

0.59%

BNO

1.15%

Max Drawdown

Winner

EZA

68.15%

BNO

87.06%

Sharpe Ratio

EZA

0.53

Winner

BNO

1.45

5Y Beta

EZA

0.99

Winner

BNO

-0.01

5Y Dividends CAGR

EZA

14.29%

BNO

N/A

EZA vs BNO - Historical Returns

Returns include dividend reinvestment.

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

EZA

-5.47%

Winner

BNO

+25.65%

EZA

-10.88%

Winner

BNO

+1.42%

EZA

-19.17%

Winner

BNO

+74.16%

EZA

+15.69%

Winner

BNO

+76.87%

5Y(CAGR)

EZA

+10.06%

Winner

BNO

+22.88%

10Y(CAGR)

EZA

+5.71%

Winner

BNO

+14.65%

Max(CAGR)

Winner

EZA

+8.91%

BNO

+4.67%

EZA vs BNO - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

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

EZA vs BNO Drawdown Comparison

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

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

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

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