BUYZ vs. BNO
BUYZ (Franklin Disruptive Commerce ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - BUYZ is a Large Cap Growth Equities fund actively managed by Franklin Templeton, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. BUYZ is actively managed, while BNO is passively managed. Over the past 5 years, BUYZ returned -7.01%/yr vs 24.16%/yr for BNO. At a 0.09 correlation, their price movements are largely independent. BUYZ charges 0.50%/yr vs 0.90%/yr for BNO.
Performance
BUYZ vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, BUYZ achieves a -15.59% return, which is significantly lower than BNO's 90.47% return.
BUYZ
- 1D
- -1.79%
- 1M
- -4.87%
- YTD
- -15.59%
- 6M
- -16.44%
- 1Y
- -13.70%
- 3Y*
- 11.07%
- 5Y*
- -7.01%
- 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%
BUYZ vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BUYZ Franklin Disruptive Commerce ETF | -15.59% | 8.70% | 28.25% | 39.13% | -49.81% | -19.38% | 111.45% |
BNO United States Brent Oil Fund LP | 90.47% | -5.44% | 9.67% | -3.43% | 35.25% | 62.34% | -20.40% |
Correlation
The correlation between BUYZ and BNO is -0.23, 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 (1Y) Calculated over the trailing 1-year period | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2020 | 0.09 |
The correlation between BUYZ and BNO shifts across timeframes, from -0.23 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BUYZ vs. BNO — Risk / Return Rank
BUYZ
BNO
BUYZ vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Disruptive Commerce ETF (BUYZ) 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.
| BUYZ | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.85 | ||
| Sortino ratioReturn per unit of downside risk | -3.45 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.38 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 5.17 | -5.61 |
| Martin ratioReturn relative to average drawdown | -0.91 | 9.76 | -10.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BUYZ | BNO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.62 | 2.23 | -2.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | 0.69 | -0.95 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.14 | +0.04 |
Drawdowns
BUYZ vs. BNO - Drawdown Comparison
The maximum BUYZ drawdown since its inception was -68.04%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for BUYZ and BNO.
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Drawdown Indicators
| BUYZ | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.04% | -87.06% | +19.02% |
Max Drawdown (1Y)Largest decline over 1 year | -30.85% | -17.87% | -12.98% |
Max Drawdown (3Y)Largest decline over 3 years | -30.85% | -23.75% | -7.10% |
Max Drawdown (5Y)Largest decline over 5 years | -63.32% | -33.70% | -29.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.18% | — |
Current DrawdownCurrent decline from peak | -45.52% | -10.29% | -35.23% |
Average DrawdownAverage peak-to-trough decline | -38.76% | -40.17% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.13% | 9.45% | +5.68% |
Volatility
BUYZ vs. BNO - Volatility Comparison
The current volatility for Franklin Disruptive Commerce ETF (BUYZ) is 5.15%, while United States Brent Oil Fund LP (BNO) has a volatility of 14.22%. This indicates that BUYZ 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
| BUYZ | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.15% | 14.22% | -9.07% |
Volatility (6M)Calculated over the trailing 6-month period | 17.16% | 36.10% | -18.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.18% | 41.46% | -19.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.17% | 35.38% | -8.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.91% | 36.68% | -6.77% |
BUYZ vs. BNO - Expense Ratio Comparison
BUYZ has a 0.50% expense ratio, which is lower than BNO's 0.90% expense ratio.
Dividends
BUYZ vs. BNO - Dividend Comparison
Neither BUYZ nor BNO has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BNO United States Brent Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BUYZ Franklin Disruptive Commerce ETF | 0.00% | 0.00% | 0.07% | 0.00% | 0.00% | 0.77% |
Frequently Asked Questions
BUYZ and BNO have a correlation of -0.23, 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 BUYZ (5.15%). In terms of maximum drawdown, BUYZ dropped -68.04% vs BNO's -87.06%.
On 5-year performance, BNO leads with 24.16% vs -7.01% for BUYZ. On fees, BUYZ is cheaper at 0.50% per year. On volatility, BUYZ has been the lower-risk option at 5.15%. 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 -7.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BUYZ is cheaper with a 0.50% expense ratio, compared with 0.90% for BNO.
BUYZ and BNO have nearly identical dividend yields, around 0.00%.
BUYZ is categorized as Large Cap Growth Equities, while BNO is Oil & Gas. They also come from different issuers: Franklin Templeton and Concierge Technologies. Their fees differ too: 0.50% for BUYZ and 0.90% for BNO.
BNO currently has the higher Sharpe Ratio (2.23 vs -0.62), 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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