BNO vs QQQ
United States Brent Oil Fund, LP vs Invesco QQQ Trust, Series 1
Which is better, BNO or QQQ?
Energy against Large Cap Growth.
QQQ has a lower expense ratio. BNO led over 1Y and 5Y, QQQ over 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BNO | QQQ |
|---|---|---|
| Expense Ratio | 1.15% | 0.18%Best |
| AUM | $650M | $483.5B |
| Dividend Yield | 0.00% | 0.44% |
| Holdings | 5 | 107 |
| YTD Return | +114.41%Best | +17.95% |
| 1Y Return | +99.24%Best | +21.77% |
| 3Y Return (annualized) | +23.14% | +25.63%Best |
| 5Y Return (annualized) | +25.58%Best | +15.24% |
| Volatility (annualized) | 35.3% | 17.5%Best |
| Max Drawdown | -93.3% | -35.1%Best |
| $10,000 over 5 years | $31,232Best | $20,324 |
| Fund Family | USCF Investments | Invesco (US) |
| Category | Commodity | Equity |
| Style | Energy | Large Cap Growth |
| Inception | Jun 2, 2010 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jun 2, 2010 to Sep 18, 2026 (16.3 years).
BNO vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
BNO vs QQQ Performance
United States Brent Oil Fund, LP (BNO) is an ETF from USCF Investments and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year BNO returned +99.24% while QQQ returned +21.77%. Year to date, BNO is up 114.41% versus a gain of 17.95% for QQQ.
Over three years, BNO compounded at +23.14% per year against +25.63% for QQQ; over five years the annualized figures are +25.58% and +15.24% respectively. Across the full 16-year window we track, QQQ has the edge at +18.60% annualized vs +5.43%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BNO has been the more volatile fund, with annualized monthly volatility of 35.3% compared with 17.5% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -93.3% for BNO and -35.1% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.20. They move largely independently of each other.
Fees and Cost Over Time
BNO charges 1.15% per year while QQQ charges 0.18%. On a $10,000 position that is $115 vs $18 annually, a gap of $97 per year that compounds over a long holding period. On income, BNO currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 1 holding in BNO and 102 in QQQ, totalling 19.8% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in BNO and 102 in QQQ, against full books of 5 and 107.
You are not choosing between two funds in isolation.
Whichever of BNO and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BNO or QQQ?
BNO has an expense ratio of 1.15% while QQQ charges 0.18%. QQQ is the cheaper option, by $97 a year on a $10,000 investment.
Which performed better, BNO or QQQ?
Over the past year BNO returned +99.24% vs +21.77% for QQQ, so BNO leads on 1-year performance. Over the longest common window we track (16 years), BNO annualized +5.43% vs +18.60% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BNO or QQQ?
BNO has been the more volatile fund at 35.3% annualized versus 17.5% for QQQ. Worst drawdown: BNO -93.3% vs QQQ -35.1%.
Should I hold both BNO and QQQ?
BNO and QQQ have a monthly-return correlation of 0.20, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BNO or QQQ?
BNO yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than BNO?
QQQ has a lower expense ratio. BNO led over 1Y and 5Y, QQQ over 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.