AWAY vs. BNO
AWAY (ETFMG Travel Tech ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - AWAY is a Consumer Discretionary Equities fund tracking the Prime Travel Technology Index, while BNO is a Oil & Gas fund tracking the Crude Oil Brent ICE Near Term Futures. Both are passively managed. Over the past 5 years, AWAY returned -6.60%/yr vs 20.89%/yr for BNO. Their 0.14 correlation means their historical movements had little consistent relationship. AWAY charges 0.75%/yr vs 1.00%/yr for BNO.
Performance
AWAY vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, AWAY achieves a -6.65% return, which is significantly lower than BNO's 77.90% return.
AWAY
- 1D
- 0.26%
- 1M
- 4.28%
- 6M
- -0.46%
- YTD
- -6.65%
- 1Y
- -7.46%
- 3Y*
- 1.65%
- 5Y*
- -6.60%
- 10Y*
- —
- ALL TIME*
- -3.87%
BNO
- 1D
- 1.45%
- 1M
- 27.00%
- 6M
- 52.90%
- YTD
- 77.90%
- 1Y
- 62.83%
- 3Y*
- 20.31%
- 5Y*
- 20.89%
- 10Y*
- 15.06%
- ALL TIME*
- 4.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $68.25K | $64.10K | $126.83K | |
| $107.13M | $97.34M | $147.52M |
AWAY vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AWAY ETFMG Travel Tech ETF | -6.65% | -3.36% | 10.44% | 17.94% | -32.25% | -5.91% | 3.47% |
BNO United States Brent Oil Fund LP | 77.90% | -5.44% | 9.67% | -3.43% | 35.25% | 62.34% | -28.36% |
Correlation
The correlation between AWAY and BNO is -0.35, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.35 |
Correlation (3Y) Balances recent behavior with more history. | -0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2020 | 0.14 |
The correlation between AWAY and BNO shifts across timeframes, from -0.35 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AWAY vs. BNO — Risk / Return Rank
AWAY
BNO
AWAY vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETFMG Travel Tech ETF (AWAY) 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.
| AWAY | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -2.32 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.24 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 1.70 | -1.98 |
| Martin ratioReturn relative to average drawdown | -0.50 | 5.15 | -5.65 |
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Drawdowns
AWAY vs. BNO - Drawdown Comparison
The maximum AWAY drawdown since its inception was -56.57%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for AWAY and BNO.
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Drawdown Indicators
| AWAY | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.57% | -87.06% | +30.49% |
Max Drawdown (1Y)Largest decline over 1 year | -32.83% | -34.46% | +1.63% |
Max Drawdown (3Y)Largest decline over 3 years | -32.83% | -34.46% | +1.63% |
Max Drawdown (5Y)Largest decline over 5 years | -49.10% | -34.46% | -14.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.18% | — |
Current DrawdownCurrent decline from peak | -43.69% | -16.21% | -27.48% |
Average DrawdownAverage peak-to-trough decline | -36.49% | -39.99% | +3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.39% | 11.86% | +6.53% |
Volatility
AWAY vs. BNO - Volatility Comparison
The current volatility for ETFMG Travel Tech ETF (AWAY) is 7.70%, while United States Brent Oil Fund LP (BNO) has a volatility of 17.47%. This indicates that AWAY 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
| AWAY | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.70% | 17.47% | -9.77% |
Volatility (6M)Calculated over the trailing 6-month period | 19.56% | 40.96% | -21.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.14% | 44.54% | -21.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.87% | 36.41% | -9.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.65% | 36.98% | -5.33% |
AWAY vs. BNO - Expense Ratio Comparison
AWAY has a 0.75% expense ratio, which is lower than BNO's 1.00% expense ratio.
Dividends
AWAY vs. BNO - Dividend Comparison
Neither AWAY nor BNO has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
AWAY ETFMG Travel Tech ETF | 0.00% | 0.00% | 0.28% | 0.00% | 0.00% | 0.00% | 0.04% |
BNO United States Brent Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AWAY and BNO have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNO has higher volatility (17.47%) compared to AWAY (7.70%). In terms of maximum drawdown, AWAY dropped -56.57% vs BNO's -87.06%.
On 5-year performance, BNO leads with 20.89% vs -6.60% for AWAY. On fees, AWAY is cheaper at 0.75% per year. On volatility, AWAY has been the lower-risk option at 7.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BNO has performed better with a 20.89% return vs -6.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AWAY is cheaper with a 0.75% expense ratio, compared with 1.00% for BNO.
AWAY and BNO have nearly identical dividend yields, around 0.00%.
AWAY is categorized as Consumer Discretionary Equities, while BNO is Oil & Gas. AWAY tracks Prime Travel Technology Index, while BNO tracks Crude Oil Brent ICE Near Term Futures. They also come from different issuers: ETFMG and USCF. Their fees differ too: 0.75% for AWAY and 1.00% for BNO.
BNO currently has the higher Sharpe Ratio (1.32 vs -0.40), 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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