BUG vs. BNO
BUG (Global X Cybersecurity ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - BUG is a Technology Equities fund tracking the Indxx Cybersecurity Index, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. Both are passively managed. Over the past 5 years, BUG returned 6.86%/yr vs 24.16%/yr for BNO. At a 0.10 correlation, their price movements are largely independent. BUG charges 0.50%/yr vs 0.90%/yr for BNO.
Performance
BUG vs. BNO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BUG achieves a 20.72% return, which is significantly lower than BNO's 90.47% return.
BUG
- 1D
- -4.04%
- 1M
- 33.08%
- YTD
- 20.72%
- 6M
- 15.17%
- 1Y
- 2.89%
- 3Y*
- 15.82%
- 5Y*
- 6.86%
- 10Y*
- —
BNO
- 1D
- 1.99%
- 1M
- -10.29%
- YTD
- 90.47%
- 6M
- 86.00%
- 1Y
- 91.89%
- 3Y*
- 27.93%
- 5Y*
- 24.16%
- 10Y*
- 13.60%
BUG vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BUG Global X Cybersecurity ETF | 20.72% | -5.04% | 9.59% | 41.40% | -33.63% | 13.24% | 70.83% | 6.55% |
BNO United States Brent Oil Fund LP | 90.47% | -5.44% | 9.67% | -3.43% | 35.25% | 62.34% | -38.23% | 14.00% |
Correlation
The correlation between BUG and BNO is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2019 | 0.10 |
The correlation between BUG and BNO shifts across timeframes, from -0.08 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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
BUG vs. BNO — Risk / Return Rank
BUG
BNO
BUG vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Cybersecurity ETF (BUG) 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.
| BUG | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.13 | ||
| Sortino ratioReturn per unit of downside risk | -2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.38 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 5.17 | -5.09 |
| Martin ratioReturn relative to average drawdown | 0.16 | 9.76 | -9.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BUG | BNO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | 2.23 | -2.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.69 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.14 | +0.35 |
Drawdowns
BUG vs. BNO - Drawdown Comparison
The maximum BUG drawdown since its inception was -41.66%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for BUG and BNO.
Loading charts...
Drawdown Indicators
| BUG | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.66% | -87.06% | +45.40% |
Max Drawdown (1Y)Largest decline over 1 year | -37.69% | -17.87% | -19.82% |
Max Drawdown (3Y)Largest decline over 3 years | -37.69% | -23.75% | -13.94% |
Max Drawdown (5Y)Largest decline over 5 years | -41.66% | -33.70% | -7.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.18% | — |
Current DrawdownCurrent decline from peak | -4.62% | -10.29% | +5.67% |
Average DrawdownAverage peak-to-trough decline | -14.42% | -40.17% | +25.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.36% | 9.45% | +8.91% |
Volatility
BUG vs. BNO - Volatility Comparison
Global X Cybersecurity ETF (BUG) and United States Brent Oil Fund LP (BNO) have volatilities of 14.07% and 14.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BUG | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.07% | 14.22% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 25.81% | 36.10% | -10.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.78% | 41.46% | -10.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.47% | 35.38% | -6.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.33% | 36.68% | -7.35% |
BUG vs. BNO - Expense Ratio Comparison
BUG has a 0.50% expense ratio, which is lower than BNO's 0.90% expense ratio.
Dividends
BUG vs. BNO - Dividend Comparison
BUG's dividend yield for the trailing twelve months is around 0.03%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BNO United States Brent Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BUG Global X Cybersecurity ETF | 0.03% | 0.04% | 0.09% | 0.10% | 1.56% | 0.66% | 0.46% | 0.24% |
Frequently Asked Questions
BUG and BNO have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNO has higher volatility (14.22%) compared to BUG (14.07%). In terms of maximum drawdown, BUG dropped -41.66% vs BNO's -87.06%.
On 5-year performance, BNO leads with 24.16% vs 6.86% for BUG. On fees, BUG is cheaper at 0.50% per year. On volatility, BUG has been the lower-risk option at 14.07%. 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 24.16% return vs 6.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BUG is cheaper with a 0.50% expense ratio, compared with 0.90% for BNO.
BUG has the higher dividend yield at 0.03%, compared with 0.00% for BNO.
BUG is categorized as Technology Equities, while BNO is Oil & Gas. BUG tracks Indxx Cybersecurity Index, while BNO tracks Front Month Brent Crude Oil. They also come from different issuers: Global X and Concierge Technologies. Their fees differ too: 0.50% for BUG and 0.90% for BNO.
BNO currently has the higher Sharpe Ratio (2.23 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.
Find the right allocation for BUG 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