(BNO) United States Brent Oil Fund - Overview
Etf: Futures, Brent, Crude, Oil, Contract
| Risk 5d forecast | |
|---|---|
| Volatility | 32.8% |
| Relative Tail Risk | 0.15% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.14 |
| Alpha | -6.09 |
| Character TTM | |
|---|---|
| Beta | 0.431 |
| Beta Downside | 0.970 |
| Drawdowns 3y | |
|---|---|
| Max DD | 23.75% |
| CAGR/Max DD | 0.20 |
Description: BNO United States Brent Oil Fund January 19, 2026
The United States Brent Oil Fund (BNO) tracks the price of the near-month Brent crude futures contract on ICE Futures Europe; when that contract is within two weeks of expiry, the fund rolls to the next-month contract to maintain continuous exposure.
Ticker Symbol: BNO | Structure: ETF | Issuer: United States | Category: Commodities-Focused.
Key metrics as of the latest filing: expense ratio ≈ 0.70% (net), average daily trading volume ≈ 1.2 million shares, and a 30-day implied volatility of the underlying futures around 28%. The fund’s performance is strongly linked to global oil demand fundamentals-particularly OPEC+ production decisions, U.S. crude inventories (EIA reports), and the USD index, which together explain over 70% of price variance in back-tested models.
For a deeper quantitative breakdown of BNO’s risk-adjusted returns, you might find the ValueRay analytics platform useful.
What is the price of BNO shares?
Over the past week, the price has changed by -2.93%, over one month by +10.71%, over three months by +9.65% and over the past year by +3.99%.
Is BNO a buy, sell or hold?
What are the forecasts/targets for the BNO price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 32.5 | 2% |
BNO Fundamental Data Overview February 04, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 116.4m USD (116.4m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 116.4m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 116.4m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 7.50% (E(116.4m)/V(116.4m) * Re(7.50%) + (debt-free company))
Discount Rate = 7.50% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)