United States Brent Oil Fund (BNO): Rolling Returns

Data Source: from January 1982 to March 2024 (~42 years)
Consolidated Returns as of 31 March 2024

Holding the United States Brent Oil Fund (BNO) ETF, how long should you stay invested to have high probability to obtain a positive return?

Considering all the available data source (~42 years), the longest period with a negative return lasted 467 months (from January 1982 to November 2020).

This means that every rolling period of 468 months or above has always granted a positive return.

To obtain comprehensive information, please consult the United States Brent Oil Fund (BNO) ETF: Historical Returns page.

Previous vs subsequent Returns

Considering all 10-year rolling periods, is there a relationship between past and future returns, at a given date?

In the following chart, we show how past returns (x-axis) and subsequent returns (y-axis) are related.

Neighboring data is aggregated and occurrences are indicated. It is possible to zoom by clicking or drawing the desired area

UNITED STATES BRENT OIL FUND (BNO) ETF
Previous vs Next Returns - 10 Years annualized
Updated to March 2024

The annualized return of the last 10 years has been -2.95% (updated at Mar 31, 2024).

Rolling Returns

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

UNITED STATES BRENT OIL FUND (BNO) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 April 1994 - 31 March 2024 (30 Years)
Data Source: 1 January 1982 - 31 March 2024 (~42 years)
Inflation Adjusted:

Annualized Rolling Returns - 1 Year (12 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +2.69% +158.18%
Mar 1999 - Feb 2000 		-66.00%
May 2019 - Apr 2020 		45.36%
225 out of 496
US Inflation Adjusted +0.15% +150.13%
Mar 1999 - Feb 2000 		-66.12%
May 2019 - Apr 2020 		49.60%
246 out of 496
1 Year Annualized Rolling Returns
Timeframes ending in every month
1 Year Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 2 Years (24 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +2.83% +108.61%
May 2020 - Apr 2022 		-48.80%
Mar 2014 - Feb 2016 		45.25%
219 out of 484
US Inflation Adjusted -0.62% +96.47%
May 2020 - Apr 2022 		-49.00%
Mar 2014 - Feb 2016 		50.83%
246 out of 484
2 Years Annualized Rolling Returns
Timeframes ending in every month
2 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 3 Years (36 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +3.43% +56.56%
May 2020 - Apr 2023 		-35.91%
Feb 2013 - Jan 2016 		41.74%
197 out of 472
US Inflation Adjusted +0.52% +48.03%
May 2020 - Apr 2023 		-36.45%
Feb 2013 - Jan 2016 		48.94%
231 out of 472
3 Years Annualized Rolling Returns
Timeframes ending in every month
3 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 4 Years (48 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +3.50% +41.89%
Jul 2004 - Jun 2008 		-28.26%
Mar 2012 - Feb 2016 		38.48%
177 out of 460
US Inflation Adjusted +0.46% +36.98%
Jul 2004 - Jun 2008 		-28.96%
Aug 1982 - Jul 1986 		48.48%
223 out of 460
4 Years Annualized Rolling Returns
Timeframes ending in every month
4 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 5 Years (60 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +3.21% +37.62%
Jul 2003 - Jun 2008 		-21.99%
May 2015 - Apr 2020 		38.84%
174 out of 448
US Inflation Adjusted +0.42% +32.96%
Jul 2003 - Jun 2008 		-23.24%
May 2015 - Apr 2020 		49.33%
221 out of 448
5 Years Annualized Rolling Returns
Timeframes ending in every month
5 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 6 Years (72 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +3.63% +32.72%
Jul 2002 - Jun 2008 		-26.14%
May 2014 - Apr 2020 		40.14%
175 out of 436
US Inflation Adjusted +1.07% +28.56%
Jul 2002 - Jun 2008 		-27.12%
May 2014 - Apr 2020 		48.17%
210 out of 436
6 Years Annualized Rolling Returns
Timeframes ending in every month
6 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 7 Years (84 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +2.79% +28.59%
Feb 1999 - Jan 2006 		-21.59%
May 2013 - Apr 2020 		41.04%
174 out of 424
US Inflation Adjusted -0.33% +25.14%
Feb 1999 - Jan 2006 		-22.70%
May 2013 - Apr 2020 		50.24%
213 out of 424
7 Years Annualized Rolling Returns
Timeframes ending in every month
7 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 8 Years (96 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +2.39% +25.47%
Dec 1998 - Nov 2006 		-20.06%
May 2012 - Apr 2020 		41.50%
171 out of 412
US Inflation Adjusted -0.99% +22.26%
Dec 1998 - Nov 2006 		-21.16%
May 2012 - Apr 2020 		51.94%
214 out of 412
8 Years Annualized Rolling Returns
Timeframes ending in every month
8 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 9 Years (108 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +1.88% +27.96%
Mar 1999 - Feb 2008 		-17.99%
May 2011 - Apr 2020 		43.25%
173 out of 400
US Inflation Adjusted -1.27% +24.38%
Mar 1999 - Feb 2008 		-19.20%
May 2011 - Apr 2020 		54.25%
217 out of 400
9 Years Annualized Rolling Returns
Timeframes ending in every month
9 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 10 Years (120 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +1.63% +26.45%
Jul 1998 - Jun 2008 		-13.17%
May 2010 - Apr 2020 		44.85%
174 out of 388
US Inflation Adjusted -1.27% +22.84%
Jul 1998 - Jun 2008 		-14.58%
May 2010 - Apr 2020 		54.38%
211 out of 388
10 Years Annualized Rolling Returns
Timeframes ending in every month
10 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 11 Years (132 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +2.17% +20.18%
Jul 1997 - Jun 2008 		-8.37%
Nov 2009 - Oct 2020 		44.95%
169 out of 376
US Inflation Adjusted -0.67% +17.08%
Dec 1998 - Nov 2009 		-10.95%
Jan 1983 - Dec 1993 		52.93%
199 out of 376
11 Years Annualized Rolling Returns
Timeframes ending in every month
11 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 12 Years (144 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +2.09% +21.51%
Mar 1999 - Feb 2011 		-12.88%
May 2008 - Apr 2020 		39.01%
142 out of 364
US Inflation Adjusted -0.34% +18.53%
Mar 1999 - Feb 2011 		-14.17%
May 2008 - Apr 2020 		51.37%
187 out of 364
12 Years Annualized Rolling Returns
Timeframes ending in every month
12 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 13 Years (156 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +3.54% +21.04%
Mar 1999 - Feb 2012 		-8.51%
May 2007 - Apr 2020 		27.56%
97 out of 352
US Inflation Adjusted +0.54% +18.04%
Mar 1999 - Feb 2012 		-10.58%
Dec 1985 - Nov 1998 		44.32%
156 out of 352
13 Years Annualized Rolling Returns
Timeframes ending in every month
13 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 14 Years (168 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +3.93% +19.30%
Jan 1999 - Dec 2012 		-8.33%
May 2006 - Apr 2020 		25.29%
86 out of 340
US Inflation Adjusted +1.47% +16.43%
Jan 1999 - Dec 2012 		-9.92%
May 2006 - Apr 2020 		38.24%
130 out of 340
14 Years Annualized Rolling Returns
Timeframes ending in every month
14 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 15 Years (180 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +4.40% +18.55%
Jan 1999 - Dec 2013 		-6.57%
Dec 1983 - Nov 1998 		22.56%
74 out of 328
US Inflation Adjusted +1.78% +15.77%
Jan 1999 - Dec 2013 		-9.54%
Dec 1983 - Nov 1998 		35.37%
116 out of 328
15 Years Annualized Rolling Returns
Timeframes ending in every month
15 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 16 Years (192 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +4.58% +15.75%
Sep 1998 - Aug 2014 		-7.04%
Dec 1982 - Nov 1998 		20.57%
65 out of 316
US Inflation Adjusted +2.28% +13.08%
Sep 1998 - Aug 2014 		-9.98%
Dec 1982 - Nov 1998 		34.81%
110 out of 316
16 Years Annualized Rolling Returns
Timeframes ending in every month
16 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 17 Years (204 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +5.12% +13.73%
Apr 1994 - Mar 2011 		-7.14%
Jan 1982 - Dec 1998 		14.47%
44 out of 304
US Inflation Adjusted +2.81% +10.98%
Apr 1994 - Mar 2011 		-10.14%
Jan 1982 - Dec 1998 		26.97%
82 out of 304
17 Years Annualized Rolling Returns
Timeframes ending in every month
17 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 18 Years (216 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +5.67% +13.57%
Apr 1994 - Mar 2012 		-2.35%
Feb 1984 - Jan 2002 		14.73%
43 out of 292
US Inflation Adjusted +3.05% +10.82%
Apr 1994 - Mar 2012 		-5.31%
Feb 1984 - Jan 2002 		23.97%
70 out of 292
18 Years Annualized Rolling Returns
Timeframes ending in every month
18 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 19 Years (228 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +5.89% +12.59%
Apr 1994 - Mar 2013 		-2.92%
Dec 1982 - Nov 2001 		11.43%
32 out of 280
US Inflation Adjusted +3.49% +9.92%
Apr 1994 - Mar 2013 		-5.91%
Dec 1982 - Nov 2001 		20.36%
57 out of 280
19 Years Annualized Rolling Returns
Timeframes ending in every month
19 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

Annualized Rolling Returns - 20 Years (240 months)

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Median Best Worst Negative Periods
Annualized Rolling Return +6.17% +12.33%
Jan 1994 - Dec 2013 		-3.07%
Jan 1982 - Dec 2001 		10.07%
27 out of 268
US Inflation Adjusted +3.57% +9.71%
Jan 1994 - Dec 2013 		-6.09%
Jan 1982 - Dec 2001 		17.91%
48 out of 268
20 Years Annualized Rolling Returns
Timeframes ending in every month
20 Years Annualized Rolling Returns
Annualized Rolling Return Distribution

To obtain comprehensive information, please consult the United States Brent Oil Fund (BNO) ETF: Historical Returns page.