FEM vs BNO

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

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

FEM vs BNO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

FEM

$765M

BNO

$763M

Expense Ratio

Winner

FEM

0.80%

BNO

1.15%

Max Drawdown

Winner

FEM

49.78%

BNO

87.06%

Sharpe Ratio

Winner

FEM

1.54

BNO

1.25

5Y Beta

FEM

0.66

Winner

BNO

0.01

5Y Dividends CAGR

FEM

4.66%

BNO

N/A

FEM vs BNO - Historical Returns

Returns include dividend reinvestment.

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

Winner

FEM

-2.98%

BNO

-15.94%

Winner

FEM

+7.59%

BNO

-0.89%

FEM

+19.67%

Winner

BNO

+69.27%

FEM

+34.51%

Winner

BNO

+60.25%

5Y(CAGR)

FEM

+6.84%

Winner

BNO

+20.88%

10Y(CAGR)

FEM

+9.74%

Winner

BNO

+12.21%

Max(CAGR)

FEM

+3.88%

Winner

BNO

+3.98%

FEM vs BNO - Annual Returns (2010 - 2026)

Returns include dividend reinvestment.

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

FEM vs BNO Drawdown Comparison

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

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

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

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