# CoreShares Brent Oil ETC (BRNL)

**Page:** https://fundology.uk/fund/brnl · ISIN XS2691037282

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, BRNL (CoreShares Brent Oil ETC, ISIN XS2691037282) closed at £23.80 on the London Stock Exchange. Its ongoing charge is 0.35% a year (about £35 on £10,000). Over the three years to 13/11/2026 its total return was +73.7%, or +56.9% after UK CPIH inflation.

## Summary

CoreShares Brent Oil ETC is an exchange-traded commodity (ETC) from CoreShares, launched in 2023. It tracks the No Underlying Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.35% a year — about £35 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

Latest close: **£23.80** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | BRNL |
| ISIN | XS2691037282 |
| Also listed as | 1BRN (London Stock Exchange, US dollars) |
| Category | Gold & commodities |
| Type | ETC |
| Provider | CoreShares |
| Income | Accumulating |
| Ongoing charge | 0.35% a year (£35 per £10,000) |
| Fund size | £3.4m |
| Launched | 2023 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 07/11/2023 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +89.11% | +82.42% | income reinvested |
| 3 years | +73.66% | +56.90% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of CoreShares Brent Oil ETC in pounds (price, with income reinvested in the fund): 2024 +12.5%, 2025 −18.8%; 2026 to 13/11/2026 +114.4%. Returns of CoreShares Brent Oil ETC in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +102.0%; to 30/09/2025: +1.2%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2024 | +12.5% | +8.7% | Price |
| 2025 | -18.8% | -21.6% | Price |
| 2026 to 13/11/2026 | +114.4% | +107.6% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 52.43% | -29.38% |
| 3 years | 38.90% | -29.38% |

## Largest fall

Volatility of CoreShares Brent Oil ETC in pounds, annualised from weekly returns to 13/11/2026: 52.4% over 1 year, 38.9% over 3 years. Largest fall in the price of CoreShares Brent Oil ETC since November 2023, in pounds: −29.4% from 15/05/2026 to 03/07/2026. The lowest 12-month return of CoreShares Brent Oil ETC in pounds (price, with income reinvested in the fund) since November 2023 was −25.9% (12 months to 11/04/2025); the highest was +132.1% (12 months to 30/10/2026). On 13/11/2026 the price of CoreShares Brent Oil ETC was 15.0% below its highest weekly close since November 2023 (30/10/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of CoreShares Brent Oil ETC 0.35% a year. Compared on 14/11/2026, 84 of the 149 other gold and commodity funds charge more, 10 the same and 55 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.35%** per year (as of 13/11/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## Questions people ask

**What is the ongoing charge of BRNL?**

The ongoing charge of BRNL is 0.35% a year — about £35 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of CoreShares Brent Oil ETC 0.35% a year. Compared on 14/11/2026, 84 of the 149 other gold and commodity funds charge more, 10 the same and 55 less (share classes counted once).

**Is BRNL accumulating or distributing?**

BRNL is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of BRNL?**

The ISIN of BRNL is XS2691037282. An ISIN identifies one exact share class of a fund; BRNL is its ticker on the London Stock Exchange. The same share class is also listed as 1BRN (London Stock Exchange, US dollars).

**What were BRNL’s returns in each of the last five years?**

Calendar-year returns of BRNL in pounds (price, with income reinvested in the fund): 2024 +12.5%, 2025 −18.8%; 2026 to 13/11/2026 +114.4%. Past performance is not a guide to future returns.

**How has BRNL done after inflation?**

Over the three years to 13/11/2026 BRNL’s total return was +73.7%, or +56.9% after UK CPIH inflation. Past performance is not a guide to future returns.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.