AIVC vs. BNO
AIVC (Amplify Bloomberg AI Value Chain ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - AIVC is a Technology Equities fund tracking the Bloomberg AI Value Chain Index, while BNO is a Oil & Gas fund tracking the Crude Oil Brent ICE Near Term Futures. Both are passively managed. Over the past 10 years, AIVC returned 15.11%/yr vs 13.32%/yr for BNO. At a 0.15 correlation, their price movements are largely independent. AIVC charges 0.59%/yr vs 1.00%/yr for BNO.
Performance
AIVC vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, AIVC achieves a 49.70% return, which is significantly lower than BNO's 71.96% return. Over the past 10 years, AIVC has outperformed BNO with an annualized return of 15.11%, while BNO has yielded a comparatively lower 13.32% annualized return.
AIVC
- 1D
- 0.20%
- 1M
- -11.76%
- 6M
- 42.52%
- YTD
- 49.70%
- 1Y
- 85.62%
- 3Y*
- 39.05%
- 5Y*
- 15.37%
- 10Y*
- 15.11%
BNO
- 1D
- 4.10%
- 1M
- 11.98%
- 6M
- 63.20%
- YTD
- 71.96%
- 1Y
- 59.57%
- 3Y*
- 21.74%
- 5Y*
- 20.87%
- 10Y*
- 13.32%
AIVC vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIVC Amplify Bloomberg AI Value Chain ETF | 49.70% | 39.94% | 18.22% | 39.28% | -38.91% | -7.23% | 41.45% | 27.78% | -18.62% | 35.42% |
BNO United States Brent Oil Fund LP | 71.96% | -5.44% | 9.67% | -3.43% | 35.25% | 62.34% | -38.23% | 36.01% | -15.30% | 15.43% |
Correlation
The correlation between AIVC and BNO is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2016 | 0.15 |
The correlation between AIVC and BNO shifts across timeframes, from -0.14 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AIVC vs. BNO — Risk / Return Rank
AIVC
BNO
AIVC vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify Bloomberg AI Value Chain ETF (AIVC) and United States Brent Oil Fund LP (BNO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AIVC | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.25 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.82 | 1.74 | +3.09 |
| Martin ratioReturn relative to average drawdown | 15.55 | 5.01 | +10.54 |
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Drawdowns
AIVC vs. BNO - Drawdown Comparison
The maximum AIVC drawdown since its inception was -56.11%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for AIVC and BNO.
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Drawdown Indicators
| AIVC | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.11% | -87.06% | +30.95% |
Max Drawdown (1Y)Largest decline over 1 year | -17.85% | -34.46% | +16.61% |
Max Drawdown (3Y)Largest decline over 3 years | -32.55% | -34.46% | +1.91% |
Max Drawdown (5Y)Largest decline over 5 years | -53.58% | -34.46% | -19.12% |
Max Drawdown (10Y)Largest decline over 10 years | -56.11% | -75.18% | +19.07% |
Current DrawdownCurrent decline from peak | -17.69% | -19.01% | +1.32% |
Average DrawdownAverage peak-to-trough decline | -16.35% | -40.05% | +23.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.52% | 11.93% | -6.41% |
Volatility
AIVC vs. BNO - Volatility Comparison
The current volatility for Amplify Bloomberg AI Value Chain ETF (AIVC) is 12.70%, while United States Brent Oil Fund LP (BNO) has a volatility of 14.78%. This indicates that AIVC experiences smaller price fluctuations and is considered to be less risky than BNO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIVC | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.70% | 14.78% | -2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 28.74% | 39.30% | -10.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.92% | 42.92% | -9.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.09% | 36.14% | -5.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.33% | 36.79% | -9.46% |
AIVC vs. BNO - Expense Ratio Comparison
AIVC has a 0.59% expense ratio, which is lower than BNO's 1.00% expense ratio.
Dividends
AIVC vs. BNO - Dividend Comparison
AIVC's dividend yield for the trailing twelve months is around 0.11%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AIVC Amplify Bloomberg AI Value Chain ETF | 0.11% | 0.17% | 0.21% | 0.00% | 0.00% | 0.00% | 0.39% | 1.16% | 0.38% | 0.92% | 0.64% |
BNO United States Brent Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AIVC and BNO have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNO has higher volatility (14.78%) compared to AIVC (12.70%). In terms of maximum drawdown, AIVC dropped -56.11% vs BNO's -87.06%.
On 10-year performance, AIVC leads with 15.11% vs 13.32% for BNO. On fees, AIVC is cheaper at 0.59% per year. On volatility, AIVC has been the lower-risk option at 12.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, AIVC has performed better with a 15.11% return vs 13.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AIVC is cheaper with a 0.59% expense ratio, compared with 1.00% for BNO.
AIVC has the higher dividend yield at 0.11%, compared with 0.00% for BNO.
AIVC is categorized as Technology Equities, while BNO is Oil & Gas. AIVC tracks Bloomberg AI Value Chain Index, while BNO tracks Crude Oil Brent ICE Near Term Futures. They also come from different issuers: Amplify and USCF Investments. Their fees differ too: 0.59% for AIVC and 1.00% for BNO.
AIVC currently has the higher Sharpe Ratio (2.54 vs 1.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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