UNL vs BNO

AUNL

BBNO

Measures won1–4BNO wins · of 6 · 5Y

$10,000 · 5Y$27,964BNO · UNL $3,609

Lowest cost1.15%BNO · $115 on $10k

Most income0.00%UNL · $0 on $10k

Smallest drop−34.5%BNO · worst fall in 1Y

Held in common[…]UNL and BNO

UNL

BNO

United States 12 Month Natural Gas Fund, LP · $14MUnited States Brent Oil Fund LP · $739M

−23.6%3 years · per year$4,451 · $20,685+27.4%

−18.4%5 years · per year$3,609 · $27,964+22.8%

1.65%Expense ratio$165 · $115 on $10k · lower wins1.15%

0.00%12-mo yield$0 · $0 on $10k0.00%

−42.2%Worst dropSmaller wins−34.5%

34.6%VolatilityLower wins48.9%

1–4BNO wins

$10,000 · 5 yearsOne scale

Shared top holdingsUNL · BNO

They share no top holdings, or holdings aren’t on file […]

Held in common[…]

End-of-day Nov 6, 2026 · $10,000 5 years ago, dividends reinvested · ● winner of the row · each row scaled to the bigger of the two

Both

5Y2 funds

#			Trend
1	BBNO	United States Brent Oil Fund LPRead Desk		1.15%	0.00%	−0.5%	+119.7%	+114.3%	+27.4%	+22.8%	−34.5%	$739M
2	AUNL	United States 12 Month Natural Gas Fund, LPRead Desk		1.65%	0.00%	0.0%	−30.2%	−36.6%	−23.6%	−18.4%	−42.2%	$14M

End-of-day Nov 6, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

Both

5Y2 funds

#			Trend
1	BBNO	United States Brent Oil Fund LPRead Desk		1.15%	0.00%	−0.5%	+119.7%	+114.3%	+27.4%	+22.8%	−34.5%	$739M
2	AUNL	United States 12 Month Natural Gas Fund, LPRead Desk		1.65%	0.00%	0.0%	−30.2%	−36.6%	−23.6%	−18.4%	−42.2%	$14M

End-of-day Nov 6, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

Cards for this view

UNL vs BNO

UNL

United States 12 Month Natural Gas Fund, LP

$3,609

BNO

United States Brent Oil Fund LP

$27,964

MeasureUNLBNO

Fee1.65%1.15%

Cost on $10k a year$165$115

Yield0.00%0.00%

5 years, per year−18.4%+22.8%

3 years, per year−23.6%+27.4%

Worst drop · 1Y−42.2%−34.5%

Volatility · 1Y34.6%48.9%

4–1measures won
BNO first

Nov 6, 2026 · $10,000 five years ago, dividends reinvested

SCHD vs VIG

YTD

SchwabSCHD

+31.4%

VIGVanguard

+12.1%

+31.4%Year to date+12.1%

3.0%Yield1.5%

$120BAssets$109B

2–0SCHD wins

End-of-day Nov 6, 2026

JEPQ vs JEPI

YTD

J.P. MorganJEPQ

+3.2%

JEPIJ.P. Morgan

+5.3%

+3.2%Year to date+5.3%

12.8%Yield8.1%

$42.6BAssets$46.8B

1–1level

End-of-day Nov 6, 2026

SPYM vs SPY

YTD

SPDRSPYM

+8.8%

SPYSPDR

+8.7%

+8.8%Year to date+8.7%

1.1%Yield1.0%

$182BAssets$819B

2–0SPYM wins

End-of-day Nov 6, 2026

Overlap: UNL, BNO

Today

[…]holdings […]

UNLBNO

UNL—[…]

BNO[…]—

End-of-day Nov 6, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

−$115most kept, BNO

BNO$0 − $115 = −$115

UNL$0 − $165 = −$165

KeptFee

End-of-day Nov 6, 2026 · yield in dollars minus the fee