BTOT vs. BNO
BTOT (iShares Total USD Fixed Income Market ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - BTOT is a Total Bond Market fund tracking the Bloomberg US Total Fixed Income Market Index, while BNO is a Oil & Gas fund tracking the Crude Oil Brent ICE Near Term Futures. Both are passively managed. At a correlation of -0.52, they often move in opposite directions. BTOT charges 0.09%/yr vs 1.00%/yr for BNO.
Performance
BTOT vs. BNO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BTOT achieves a 0.62% return, which is significantly lower than BNO's 50.21% return.
BTOT
- 1D
- 0.08%
- 1M
- 0.66%
- YTD
- 0.62%
- 6M
- 0.75%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BNO
- 1D
- -1.35%
- 1M
- -22.65%
- YTD
- 50.21%
- 6M
- 47.81%
- 1Y
- 38.79%
- 3Y*
- 19.32%
- 5Y*
- 17.15%
- 10Y*
- 11.25%
BTOT vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BTOT iShares Total USD Fixed Income Market ETF | 0.62% | 0.12% |
BNO United States Brent Oil Fund LP | 50.21% | -2.09% |
Correlation
The correlation between BTOT and BNO is -0.52, 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 (All Time) Calculated using the full available price history since Dec 11, 2025 | -0.52 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BTOT vs. BNO — Risk / Return Rank
BTOT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BNO
BTOT vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Total USD Fixed Income Market ETF (BTOT) 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.
| BTOT | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.19 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.33 | — |
| Martin ratioReturn relative to average drawdown | — | 4.21 | — |
Loading charts...
Drawdowns
BTOT vs. BNO - Drawdown Comparison
The maximum BTOT drawdown since its inception was -2.36%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for BTOT and BNO.
Loading charts...
Drawdown Indicators
| BTOT | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.36% | -87.06% | +84.70% |
Max Drawdown (1Y)Largest decline over 1 year | — | -29.25% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.25% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.18% | — |
Current DrawdownCurrent decline from peak | -0.96% | -29.25% | +28.29% |
Average DrawdownAverage peak-to-trough decline | -0.79% | -40.10% | +39.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 9.28% | — |
Volatility
BTOT vs. BNO - Volatility Comparison
Loading charts...
Volatility by Period
| BTOT | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 10.92% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 37.29% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 41.67% | -37.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.70% | 35.65% | -31.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.70% | 36.68% | -32.98% |
BTOT vs. BNO - Expense Ratio Comparison
BTOT has a 0.09% expense ratio, which is lower than BNO's 1.00% expense ratio.
Dividends
BTOT vs. BNO - Dividend Comparison
BTOT's dividend yield for the trailing twelve months is around 2.12%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BNO United States Brent Oil Fund LP | 0.00% | 0.00% |
BTOT iShares Total USD Fixed Income Market ETF | 2.12% | 0.22% |
Frequently Asked Questions
BTOT and BNO have a correlation of -0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BTOT is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BTOT is cheaper with a 0.09% expense ratio, compared with 1.00% for BNO.
BTOT has the higher dividend yield at 2.12%, compared with 0.00% for BNO.
BTOT is categorized as Total Bond Market, while BNO is Oil & Gas. BTOT tracks Bloomberg US Total Fixed Income Market Index, while BNO tracks Crude Oil Brent ICE Near Term Futures. They also come from different issuers: iShares and USCF Investments. Their fees differ too: 0.09% for BTOT and 1.00% for BNO.
Find the right allocation for BTOT and BNO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer