Data as of Oct 28, 2026.

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BNO vs OILK: Differences, Returns & Fees

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BNO is a commodity futures fund and OILK a commodity fund, and over the year to Oct 28, 2026, BNO returned +141.2% against +91.1%.

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Net assets on Oct 28, 2026: $924m for United States Brent Oil Fund, LP ETV and $258m for ProShares K-1 Free Crude Oil ETF.

At a glance
+141.2%
BNO total return, 1 year
+91.1%
OILK total return, 1 year
1.15%
BNO expense ratio
0.70%
OILK expense ratio

Pair scorecard

OILK costs 0.45 points a year less; their one-year returns differ by 50.1 points; BNO is 3.6 times larger.

BNO vs OILK: Differences, Returns & Fees
MeasureBNOOILK
Return
Total return, 1 year+141.2%+91.1%
Benchmark
What it tracksEnergy futuresBloomberg Commodity Balanced WTI Crude Oil Index
Cost and size
Expense ratio1.15%0.70%
Net assets$924m$258m
Holdings
Holdings in commonnot published

Method

Risk and return

Oct 7, 2016 to Oct 23, 2026 · 524 weekly returns
BNO OILK
Return
Total return edge BNO +372.3% +66.7%
Annualized edge BNO +16.7% +5.2%
Price return edge BNO +372.3% −42.7%
Risk
Volatility edge OILK (slight) 37.6% 36.3%
Max drawdown edge BNO −72.0% −82.6%
Risk-adjusted
Sharpe edge BNO 0.53 0.26
Sortino edge BNO 0.80 0.36
Calmar edge BNO 0.23 0.06
Reading

BNO returned more: +372.3% to +66.7%. OILK swung slightly less: 36.3% to 37.6%. BNO fell less at its worst: −72.0% to −82.6%.

Full scorecard

9 measures, with how each is measured
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Risk and return: BNO vs OILK: Differences, Returns & Fees
MeasureBNOOILKEdgeHow it is measured
Return
Total return+372.3%+66.7%BNOPrice change plus distributions, reinvested.
Annualized+16.7%+5.2%BNOTotal return as a yearly rate.
Price return+372.3%−42.7%BNOPrice change alone, distributions left out.
Risk
Volatility37.6%36.3%OILK (slight)Spread of weekly returns, annualized. Lower is steadier.
Downside deviation25.0%25.8%BNO (slight)Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown−72.0%−82.6%BNODeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.530.26BNOReturn above Treasury bills per unit of volatility.
Sortino0.800.36BNOReturn above Treasury bills per unit of downside deviation.
Calmar0.230.06BNOAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 524 weekly returns. Cash rate: the 13-week Treasury bill.

Side by side

BNO United States Brent Oil Fund, LP ETV OILK ProShares K-1 Free Crude Oil ETF
Where it sits Commodity ETF Commodity ETF
What it is Holds energy futures Tracks an index
Total return, 1 year +141.2% +91.1%
Expense ratio 1.15% 0.70%
Holdings not read by ETFIQ 3
Net assets $924m $258m

BNO and OILK on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-CB9CB16E93

BNO and OILK are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. BNO follows Energy futures and OILK follows Bloomberg Commodity Balanced WTI Crude Oil Index.
  2. One-year total return. Over 1 year to Oct 28, 2026 BNO returned +141.2% and OILK +91.1% with distributions reinvested, a gap of 50.1 points.
  3. Cost. BNO charges 1.15% of assets a year and OILK 0.70%, a gap of 0.45 points.

Data as of Oct 28, 2026.

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About each fund
BNO

BNO holds energy futures. Over the year to Oct 28, 2026 it returned +141.2% with distributions reinvested. The prospectus expense ratio is 1.15% a year.

OILK

OILK tracks an index. Over the year to Oct 28, 2026 it returned +91.1% with distributions reinvested. The prospectus expense ratio is 0.70% a year.

Questions people ask

Which returned more over the last year, BNO or OILK?
In the year to Oct 28, 2026, with distributions reinvested, BNO returned +141.2% and OILK +91.1%.
Which is cheaper, BNO or OILK?
OILK is cheaper, by 0.45 percentage points a year. That is about $45 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, BNO against OILK, data as of Oct 28, 2026. https://etfiq.com/compare/any/bno-vs-oilk

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