COII vs. BNO

Last updated Jun 4, 2026

COII (REX COIN Growth & Income ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - COII is a Derivative Income fund actively managed by REX Shares, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. COII is actively managed, while BNO is passively managed. At a correlation of -0.07, they often move in opposite directions. COII charges 0.99%/yr vs 0.90%/yr for BNO.

Performance

COII vs. BNO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX COIN Growth & Income ETF (COII) and United States Brent Oil Fund LP (BNO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COII achieves a -37.80% return, which is significantly lower than BNO's 90.47% return.

COII

• 1D: -7.35%
• 1M: -19.57%
• YTD: -37.80%
• 6M: -48.84%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

COII vs. BNO - Yearly Performance Comparison

	2026 (YTD)	2025
COII REX COIN Growth & Income ETF	-37.80%	-25.89%
BNO United States Brent Oil Fund LP	90.47%	1.83%

Correlation

The correlation between COII and BNO is -0.07, 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 (All Time) Calculated using the full available price history since Jun 5, 2025	-0.07

Return for Risk

COII vs. BNO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BNO

BNO Risk / Return Rank: 65
BNO Sharpe Ratio Rank: 66
BNO Sortino Ratio Rank: 56
BNO Omega Ratio Rank: 60
BNO Calmar Ratio Rank: 88
BNO Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

COII vs. BNO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX COIN Growth & Income ETF (COII) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	COII	BNO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.23	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.69	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.79	0.14	-0.93

Drawdowns

COII vs. BNO - Drawdown Comparison

The maximum COII drawdown since its inception was -72.22%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for COII and BNO.

Drawdown Indicators

	COII	BNO	Difference
Max Drawdown Largest peak-to-trough decline	-72.22%	-87.06%	+14.84%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.87%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.75%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.70%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-75.18%	—
Current Drawdown Current decline from peak	-69.04%	-10.29%	-58.75%
Average Drawdown Average peak-to-trough decline	-39.11%	-40.17%	+1.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.45%	—

Volatility

Volatility by Period

	COII	BNO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	36.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	68.48%	41.46%	+27.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.48%	35.38%	+33.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.48%	36.68%	+31.80%

COII vs. BNO - Expense Ratio Comparison

COII has a 0.99% expense ratio, which is higher than BNO's 0.90% expense ratio.

Dividends

COII vs. BNO - Dividend Comparison

COII's dividend yield for the trailing twelve months is around 92.44%, while BNO has not paid dividends to shareholders.

Position	TTM	2025
BNO United States Brent Oil Fund LP	0.00%	0.00%
COII REX COIN Growth & Income ETF	92.44%	41.52%

Frequently Asked Questions

Can I hold both COII and BNO in my portfolio?

COII and BNO have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, COII or BNO?

On fees, BNO is cheaper at 0.90% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, COII or BNO?

BNO is cheaper with a 0.90% expense ratio, compared with 0.99% for COII.

Which ETF pays a higher dividend yield, COII or BNO?

COII has the higher dividend yield at 92.44%, compared with 0.00% for BNO.

What is the main difference between COII and BNO?

COII is categorized as Derivative Income, while BNO is Oil & Gas. They also come from different issuers: REX Shares and Concierge Technologies. Their fees differ too: 0.99% for COII and 0.90% for BNO.