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United States Brent Oil Fund, LP

BNO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 02 2010
Expense Ratio
1.09%
Type
Global Commodities & Metals
Fund Owner
United States Commodity Funds
Volume (1m avg. daily)
$9,910,710
AUM
$231,134,000
Associated Index
Crude Oil - ICE traded near month Brent crude oil futures
Inverse/Leveraged
No
Passive/Active
Passive
Dividend
No
Prospectus

Top 10 Holdings

n/a
US DOLLARS
29.54%
n/a
MORGAN STANLEY LIQ GOVT INST 8302
20.16%
n/a
BNY CASH RESERVE
0.02%
Invest with BNO

What is BNO?

The investment objective of BNO is for the daily changes in percentage terms of its units net asset value to reflect the daily changes in percentage terms of the spot price of Brent crude oil as measured by the changes in the price of the futures contract on Brent crude oil as traded on the ICE Futures Exchange that is the near month contract to expire except when the near month contract is within two weeks of expiration in which case the futures contract will be the next month contract to expire (the Benchmark Futures Contract) less BNO s expenses.

ETFs related toBNO

ETFs correlated to BNO include GDEF, GJAN, USO

BNOUnited States Commodity Funds LLC - United States Brent Crude Oil Fund
GDEFGoldman Sachs ETF Trust - Goldman Sachs Defensive Equity ETF
Expense Ratio0.55%
Correlation (1yr)1.00
Return (3mo)0.00%
Volume (avg daily 1m)NaN
GJANFirst Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - January
USOUnited States Commodity Funds LLC - United States Oil Fund
OILBarclays Bank PLC - iPath Pure Beta Crude Oil ETN
UCOProShares Trust - ProShares Ultra Bloomberg Crude Oil 2x Shares
OILKProShares Trust - ProShares K-1 Free Crude Oil Strategy ETF
USLUnited States Commodity Funds LLC - United States 12 Month Oil Fund LP
COMTBlackRock Institutional Trust Company N.A. - iShares GSCI Commodity Dynamic Roll Strategy ETF
GSGBlackRock Institutional Trust Company N.A. - iShares S&P GSCI Commodity-Indexed Trust
DBEInvesco DB Multi-Sector Commodity Trust - Invesco DB Energy Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Disclaimers

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We show information directly obtained from our data provider, XigniteData shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our providerInformation provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.