United States Brent Oil Fund LP vs ProShares Ultra QQQ ETF — how do they compare? United States Brent Oil Fund LP trades at $51.03, while ProShares Ultra QQQ ETF trades at $92.2. Which is the better fit depends on your goals.
| BNO | QLD | |
|---|---|---|
Sector | Commodities - Energy | Leveraged / Inverse |
52-Week High | $60.13 | $100.53 |
52-Week Low | $27.20 | $57.16 |
Trailing returns across standard periods
BNO is a commodity ETF that tracks the daily price of Brent crude oil futures. It provides exposure to the international oil benchmark, which often trades at a premium to the U.S. WTI benchmark, and is primarily used for short-term trading due to roll costs.
Read more on BNO →QLD is a leveraged ETF that seeks daily investment results corresponding to 200% of the daily performance of the NASDAQ-100 Index. It achieves 2x leverage by investing in financial instruments such as swaps and is designed as a tactical trading tool for investors with a bullish (long) view on the NASDAQ-100. Due to the effects of compounding and leverage, the ETF is intended to be held for a single day and is not suitable for long-term investment.
Read more on QLD →