BNO vs. BTC-USD
Compare and contrast key facts about United States Brent Oil Fund LP (BNO) and Bitcoin (BTC-USD).
BNO is a passively managed fund by Concierge Technologies that tracks the performance of the Front Month Brent Crude Oil. It was launched on Jun 2, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BNO or BTC-USD.
Key characteristics
| BNO | BTC-USD | |
|---|---|---|
| YTD Return | 13.07% | 56.79% |
| 1Y Return | 23.13% | 145.10% |
| 3Y Return (Ann) | 20.94% | 12.59% |
| 5Y Return (Ann) | 8.35% | 55.22% |
| 10Y Return (Ann) | -3.50% | 64.88% |
| Sharpe Ratio | 0.85 | 5.67 |
| Daily Std Dev | 25.86% | 39.67% |
| Max Drawdown | -87.06% | -93.07% |
| Current Drawdown | -33.52% | -9.33% |
Correlation
The correlation between BNO and BTC-USD is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BNO vs. BTC-USD - Performance Comparison
In the year-to-date period, BNO achieves a 13.07% return, which is significantly lower than BTC-USD's 56.79% return. Over the past 10 years, BNO has underperformed BTC-USD with an annualized return of -3.50%, while BTC-USD has yielded a comparatively higher 64.88% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BNO vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Brent Oil Fund LP (BNO) and Bitcoin (BTC-USD). 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.
Drawdowns
BNO vs. BTC-USD - Drawdown Comparison
The maximum BNO drawdown since its inception was -87.06%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for BNO and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
BNO vs. BTC-USD - Volatility Comparison
The current volatility for United States Brent Oil Fund LP (BNO) is 5.47%, while Bitcoin (BTC-USD) has a volatility of 15.62%. This indicates that BNO experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.