AMUU vs. BNO
AMUU (Direxion Daily AMD Bull 2X Shares) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - AMUU is a Leveraged Equities fund actively managed by Direxion, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. AMUU is actively managed, while BNO is passively managed. Over the past year, AMUU returned 1186.28% vs 91.89% for BNO. At a correlation of -0.00, they often move in opposite directions. AMUU charges 0.97%/yr vs 0.90%/yr for BNO.
Performance
AMUU vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, AMUU achieves a 393.28% return, which is significantly higher than BNO's 90.47% return.
AMUU
- 1D
- 7.59%
- 1M
- 134.67%
- YTD
- 393.28%
- 6M
- 368.74%
- 1Y
- 1,186.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BNO
- 1D
- 1.99%
- 1M
- -10.29%
- YTD
- 90.47%
- 6M
- 86.00%
- 1Y
- 91.89%
- 3Y*
- 27.93%
- 5Y*
- 24.16%
- 10Y*
- 13.60%
AMUU vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AMUU Direxion Daily AMD Bull 2X Shares | 393.28% | 145.24% |
BNO United States Brent Oil Fund LP | 90.47% | -7.99% |
Correlation
The correlation between AMUU and BNO is -0.11, 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 | -0.11 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025 | -0.00 |
The correlation between AMUU and BNO shifts across timeframes, from -0.11 (1 year) to -0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AMUU vs. BNO — Risk / Return Rank
AMUU
BNO
AMUU vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMD Bull 2X Shares (AMUU) 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.
| AMUU | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.02 | ||
| Sortino ratioReturn per unit of downside risk | +2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.38 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 21.30 | 5.17 | +16.13 |
| Martin ratioReturn relative to average drawdown | 41.74 | 9.76 | +31.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AMUU | BNO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 9.25 | 2.23 | +7.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.45 | 0.14 | +4.31 |
Drawdowns
AMUU vs. BNO - Drawdown Comparison
The maximum AMUU drawdown since its inception was -56.47%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for AMUU and BNO.
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Drawdown Indicators
| AMUU | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.47% | -87.06% | +30.59% |
Max Drawdown (1Y)Largest decline over 1 year | -56.31% | -17.87% | -38.44% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.75% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.18% | — |
Current DrawdownCurrent decline from peak | 0.00% | -10.29% | +10.29% |
Average DrawdownAverage peak-to-trough decline | -22.84% | -40.17% | +17.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.68% | 9.45% | +19.23% |
Volatility
AMUU vs. BNO - Volatility Comparison
Direxion Daily AMD Bull 2X Shares (AMUU) has a higher volatility of 45.72% compared to United States Brent Oil Fund LP (BNO) at 14.22%. This indicates that AMUU's price experiences larger fluctuations and is considered to be riskier 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
| AMUU | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 45.72% | 14.22% | +31.50% |
Volatility (6M)Calculated over the trailing 6-month period | 94.24% | 36.10% | +58.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 129.66% | 41.46% | +88.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 131.28% | 35.38% | +95.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 131.28% | 36.68% | +94.60% |
AMUU vs. BNO - Expense Ratio Comparison
AMUU has a 0.97% expense ratio, which is higher than BNO's 0.90% expense ratio.
Dividends
AMUU vs. BNO - Dividend Comparison
AMUU's dividend yield for the trailing twelve months is around 2.83%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
AMUU Direxion Daily AMD Bull 2X Shares | 2.83% | 13.58% |
BNO United States Brent Oil Fund LP | 0.00% | 0.00% |
Frequently Asked Questions
AMUU and BNO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMUU has higher volatility (45.72%) compared to BNO (14.22%). In terms of maximum drawdown, AMUU dropped -56.47% vs BNO's -87.06%.
On 1-year performance, AMUU leads with 1186.28% vs 91.89% for BNO. On fees, BNO is cheaper at 0.90% per year. On volatility, BNO has been the lower-risk option at 14.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AMUU has performed better with a 1186.28% return vs 91.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BNO is cheaper with a 0.90% expense ratio, compared with 0.97% for AMUU.
AMUU has the higher dividend yield at 2.83%, compared with 0.00% for BNO.
AMUU is categorized as Leveraged Equities, while BNO is Oil & Gas. They also come from different issuers: Direxion and Concierge Technologies. Their fees differ too: 0.97% for AMUU and 0.90% for BNO.
AMUU currently has the higher Sharpe Ratio (9.25 vs 2.23), 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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