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 Front Month Brent Crude Oil. Both are passively managed. Over the past 5 years, AWAY returned -11.00%/yr vs 23.48%/yr for BNO. At a 0.16 correlation, their price movements are largely independent. AWAY charges 0.75%/yr vs 0.90%/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 -15.47% return, which is significantly lower than BNO's 85.31% return.
AWAY
- 1D
- 1.11%
- 1M
- -1.83%
- YTD
- -15.47%
- 6M
- -16.29%
- 1Y
- -17.95%
- 3Y*
- 0.57%
- 5Y*
- -11.00%
- 10Y*
- —
BNO
- 1D
- -2.71%
- 1M
- -9.80%
- YTD
- 85.31%
- 6M
- 79.66%
- 1Y
- 88.71%
- 3Y*
- 26.74%
- 5Y*
- 23.48%
- 10Y*
- 13.13%
AWAY vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AWAY ETFMG Travel Tech ETF | -15.47% | -3.36% | 10.44% | 17.94% | -32.25% | -5.91% | 4.41% |
BNO United States Brent Oil Fund LP | 85.31% | -5.44% | 9.67% | -3.43% | 35.25% | 62.34% | -29.07% |
Correlation
The correlation between AWAY and BNO is -0.31, 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 | -0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2020 | 0.16 |
The correlation between AWAY and BNO shifts across timeframes, from -0.31 (1 year) to 0.16 (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.
| AWAY | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.95 | ||
| Sortino ratioReturn per unit of downside risk | -3.69 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.36 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | 4.99 | -5.54 |
| Martin ratioReturn relative to average drawdown | -1.10 | 9.39 | -10.48 |
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
| AWAY | BNO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.80 | 2.15 | -2.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.41 | 0.67 | -1.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.17 | 0.14 | -0.30 |
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% | -17.87% | -14.96% |
Max Drawdown (3Y)Largest decline over 3 years | -32.83% | -23.75% | -9.08% |
Max Drawdown (5Y)Largest decline over 5 years | -52.49% | -33.70% | -18.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.18% | — |
Current DrawdownCurrent decline from peak | -49.01% | -12.72% | -36.29% |
Average DrawdownAverage peak-to-trough decline | -36.16% | -40.16% | +4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.40% | 9.48% | +6.92% |
Volatility
AWAY vs. BNO - Volatility Comparison
The current volatility for ETFMG Travel Tech ETF (AWAY) is 7.10%, while United States Brent Oil Fund LP (BNO) has a volatility of 14.12%. 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 | 7.10% | 14.12% | -7.02% |
Volatility (6M)Calculated over the trailing 6-month period | 17.95% | 36.21% | -18.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.39% | 41.56% | -19.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.83% | 35.40% | -8.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.81% | 36.69% | -4.88% |
AWAY vs. BNO - Expense Ratio Comparison
AWAY has a 0.75% expense ratio, which is lower than BNO's 0.90% 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 -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNO has higher volatility (14.12%) compared to AWAY (7.10%). In terms of maximum drawdown, AWAY dropped -56.57% vs BNO's -87.06%.
On 5-year performance, BNO leads with 23.48% vs -11.00% for AWAY. On fees, AWAY is cheaper at 0.75% per year. On volatility, AWAY has been the lower-risk option at 7.10%. 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 23.48% return vs -11.00%. 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 0.90% 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 Front Month Brent Crude Oil. They also come from different issuers: ETFMG and Concierge Technologies. Their fees differ too: 0.75% for AWAY and 0.90% for BNO.
BNO currently has the higher Sharpe Ratio (2.15 vs -0.80), 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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