| BNO | |
|---|---|
| Total return | +326.0% |
| Annualised (CAGR) | +15.6% |
| Volatility (annualised) | +38.4% |
| Sharpe (rf = 0) | 0.41 |
| Deepest drawdown | -75.2% |
| Drawdown peak → trough | 2018-10-03 → 2020-04-28 |
Over the 10.0 years to 2026-09-21 the fund returned +326.0% in total (+15.6% a year), with a deepest drawdown of -75.2% from 2018-10-03 to 2020-04-28. Its worst calendar year was 2020 (-38.2%), its best 2026 (+107.9%).
| Year | BNO |
|---|---|
| 2026 | +107.9% |
| 2025 | -5.4% |
| 2024 | +9.7% |
| 2023 | -3.4% |
| 2022 | +35.2% |
| 2021 | +62.3% |
| 2020 | -38.2% |
| 2019 | +36.0% |
| 2018 | -15.3% |
| 2017 | +15.4% |
| 2016 | +13.5% |
It does not say BNO is a good or bad fund, and it is not a forecast. Returns above are history: they already include dividends and already exclude the fund's own fees. A drawdown of -75.2% means an investor who bought at the peak would have watched that much value disappear before it recovered — how long that takes is the part most tables leave out.
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