United States Brent Oil Fund LP vs ProShares Ultra Gold ETF — how do they compare? United States Brent Oil Fund LP trades at $51.03, while ProShares Ultra Gold ETF trades at $52.2. The key difference: United States Brent Oil Fund LP is trading nearer its 52-week high, ProShares Ultra Gold ETF nearer its low. Which is the better fit depends on your goals.
| BNO | UGL | |
|---|---|---|
Sector | Commodities - Energy | Leveraged / Inverse |
52-Week High | $60.13 | $85.62 |
52-Week Low | $27.20 | $34.37 |
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 →UGL is a leveraged ETF that seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Bloomberg Gold Subindex. It is a tactical tool designed for sophisticated investors to magnify short-term bullish views on gold prices through the use of futures and swap contracts, rather than holding physical bullion.
Read more on UGL →