BBBS vs. BNO
BBBS (Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - BBBS is a Short-Term Bond fund tracking the Bloomberg U.S. Corporate BBB 1-5 Year 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, BBBS returned 3.02% vs 62.83% for BNO. Their -0.25 correlation means they have often moved in opposite directions in the past. BBBS charges 0.19%/yr vs 1.00%/yr for BNO.
Performance
BBBS vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, BBBS achieves a 0.82% return, which is significantly lower than BNO's 77.90% return.
BBBS
- 1D
- -0.05%
- 1M
- -0.22%
- 6M
- 0.46%
- YTD
- 0.82%
- 1Y
- 3.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.95%
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) |
|---|---|---|---|
| $1.06M | $1.07M | $1.73M | |
| $107.13M | $97.34M | $147.52M |
BBBS vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BBBS Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF | 0.82% | 6.67% | 4.97% |
BNO United States Brent Oil Fund LP | 77.90% | -5.44% | 4.46% |
Correlation
The correlation between BBBS and BNO is -0.39, 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. | -0.39 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024 | -0.25 |
The correlation between BBBS and BNO shifts across timeframes, from -0.39 (1 year) to -0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BBBS vs. BNO — Risk / Return Rank
BBBS
BNO
BBBS vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) 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.
| BBBS | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.24 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 1.70 | +0.80 |
| Martin ratioReturn relative to average drawdown | 9.80 | 5.15 | +4.65 |
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Drawdowns
BBBS vs. BNO - Drawdown Comparison
The maximum BBBS drawdown since its inception was -1.45%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for BBBS and BNO.
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Drawdown Indicators
| BBBS | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.45% | -87.06% | +85.61% |
Max Drawdown (1Y)Largest decline over 1 year | -1.45% | -34.46% | +33.01% |
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 | -0.31% | -16.21% | +15.90% |
Average DrawdownAverage peak-to-trough decline | -0.28% | -39.99% | +39.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 11.86% | -11.49% |
Volatility
BBBS vs. BNO - Volatility Comparison
The current volatility for Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) is 0.55%, while United States Brent Oil Fund LP (BNO) has a volatility of 17.47%. This indicates that BBBS 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
| BBBS | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.55% | 17.47% | -16.92% |
Volatility (6M)Calculated over the trailing 6-month period | 1.53% | 40.96% | -39.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.91% | 44.54% | -42.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.23% | 36.41% | -34.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.23% | 36.98% | -34.75% |
BBBS vs. BNO - Expense Ratio Comparison
BBBS has a 0.19% expense ratio, which is lower than BNO's 1.00% expense ratio.
Dividends
BBBS vs. BNO - Dividend Comparison
BBBS's dividend yield for the trailing twelve months is around 4.59%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BBBS Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF | 4.19% | 4.55% | 4.31% |
BNO United States Brent Oil Fund LP | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BBBS and BNO have a correlation of -0.39, 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 BBBS (0.55%). In terms of maximum drawdown, BBBS dropped -1.45% vs BNO's -87.06%.
On 1-year performance, BNO leads with 62.83% vs 3.02% for BBBS. On fees, BBBS is cheaper at 0.19% per year. On volatility, BBBS has been the lower-risk option at 0.55%. 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 3.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBBS is cheaper with a 0.19% expense ratio, compared with 1.00% for BNO.
BBBS has the higher dividend yield at 4.19%, compared with 0.00% for BNO.
BBBS is categorized as Short-Term Bond, while BNO is Oil & Gas. BBBS tracks Bloomberg U.S. Corporate BBB 1-5 Year Index, while BNO tracks Crude Oil Brent ICE Near Term Futures. They also come from different issuers: BondBloxx and USCF. Their fees differ too: 0.19% for BBBS and 1.00% for BNO.
BBBS currently has the higher Sharpe Ratio (1.90 vs 1.32), 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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