BBB vs. BNO
BBB (CYBER HORNET S&P 500 and Bitcoin 75/25 Strategy ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - BBB is a Diversified Portfolio fund tracking the S&P 500 and S&P Bitcoin 75/25 Blend Index, while BNO is a Oil & Gas fund tracking the Crude Oil Brent ICE Near Term Futures. Both are passively managed. Over the past year, BBB returned 0.25% vs 62.83% for BNO. Their -0.03 correlation means they have often moved in opposite directions in the past. BBB charges 0.98%/yr vs 1.00%/yr for BNO.
Performance
BBB vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, BBB achieves a -0.67% return, which is significantly lower than BNO's 77.90% return.
BBB
- 1D
- -0.16%
- 1M
- 0.41%
- 6M
- -0.59%
- YTD
- -0.67%
- 1Y
- 0.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.95%
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) |
|---|---|---|---|
| $66.52K | $79.94K | $49.31K | |
| $107.13M | $97.34M | $147.52M |
BBB vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BBB CYBER HORNET S&P 500 and Bitcoin 75/25 Strategy ETF | -0.67% | 9.73% | 38.82% | -0.86% |
BNO United States Brent Oil Fund LP | 77.90% | -5.44% | 9.67% | -3.12% |
Correlation
The correlation between BBB and BNO is -0.18, 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. | -0.18 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2023 | -0.03 |
The correlation between BBB and BNO shifts across timeframes, from -0.18 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BBB vs. BNO — Risk / Return Rank
BBB
BNO
BBB vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CYBER HORNET S&P 500 and Bitcoin 75/25 Strategy ETF (BBB) 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.
| BBB | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.24 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 1.70 | -1.79 |
| Martin ratioReturn relative to average drawdown | -0.22 | 5.15 | -5.37 |
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Drawdowns
BBB vs. BNO - Drawdown Comparison
The maximum BBB drawdown since its inception was -21.98%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for BBB and BNO.
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Drawdown Indicators
| BBB | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.98% | -87.06% | +65.08% |
Max Drawdown (1Y)Largest decline over 1 year | -17.74% | -34.46% | +16.72% |
Max Drawdown (3Y)Largest decline over 3 years | — | -34.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.18% | — |
Current DrawdownCurrent decline from peak | -7.70% | -16.21% | +8.51% |
Average DrawdownAverage peak-to-trough decline | -4.61% | -39.99% | +35.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.60% | 11.86% | -4.26% |
Volatility
BBB vs. BNO - Volatility Comparison
The current volatility for CYBER HORNET S&P 500 and Bitcoin 75/25 Strategy ETF (BBB) is 4.18%, while United States Brent Oil Fund LP (BNO) has a volatility of 17.47%. This indicates that BBB 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
| BBB | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 17.47% | -13.29% |
Volatility (6M)Calculated over the trailing 6-month period | 13.66% | 40.96% | -27.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.18% | 44.54% | -26.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.75% | 36.41% | -14.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.75% | 36.98% | -15.23% |
BBB vs. BNO - Expense Ratio Comparison
BBB has a 0.98% expense ratio, which is lower than BNO's 1.00% expense ratio.
Dividends
BBB vs. BNO - Dividend Comparison
BBB's dividend yield for the trailing twelve months is around 0.16%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BBB CYBER HORNET S&P 500 and Bitcoin 75/25 Strategy ETF | 0.16% | 0.21% | 6.74% |
BNO United States Brent Oil Fund LP | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BBB and BNO have a correlation of -0.18, 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 BBB (4.18%). In terms of maximum drawdown, BBB dropped -21.98% vs BNO's -87.06%.
On 1-year performance, BNO leads with 62.83% vs 0.25% for BBB. On fees, BBB is cheaper at 0.98% per year. On volatility, BBB has been the lower-risk option at 4.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BNO has performed better with a 62.83% return vs 0.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBB is cheaper with a 0.98% expense ratio, compared with 1.00% for BNO.
BBB has the higher dividend yield at 0.16%, compared with 0.00% for BNO.
BBB is categorized as Diversified Portfolio, while BNO is Oil & Gas. BBB tracks S&P 500 and S&P Bitcoin 75/25 Blend Index, while BNO tracks Crude Oil Brent ICE Near Term Futures. They also come from different issuers: CYBER HORNET and USCF. Their fees differ too: 0.98% for BBB and 1.00% for BNO.
BNO currently has the higher Sharpe Ratio (1.32 vs -0.09), 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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