EDGX vs. BNO

Last updated Jun 5, 2026

EDGX (Global X U.S. 500 Income Edge ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - EDGX is a Derivative Income fund tracking the Solactive GBS United States 500 Index, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. Both are passively managed. At a correlation of -0.64, they often move in opposite directions.

Performance

EDGX vs. BNO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X U.S. 500 Income Edge ETF (EDGX) and United States Brent Oil Fund LP (BNO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EDGX

• 1D: 0.35%
• 1M: 4.34%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BNO

• 1D: -2.71%
• 1M: -9.80%
• YTD: 85.31%
• 6M: 79.66%
• 1Y: 88.71%
• 3Y*: 26.74%
• 5Y*: 23.48%
• 10Y*: 13.13%

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

EDGX vs. BNO - Yearly Performance Comparison

	2026 (YTD)
EDGX Global X U.S. 500 Income Edge ETF	10.55%
BNO United States Brent Oil Fund LP	57.74%

Correlation

The correlation between EDGX and BNO is -0.64, 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 Feb 19, 2026	-0.64

Return for Risk

EDGX 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: 65
BNO Sortino Ratio Rank: 57
BNO Omega Ratio Rank: 61
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.

EDGX vs. BNO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X U.S. 500 Income Edge ETF (EDGX) 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

	EDGX	BNO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.15	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.67	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.15	0.14	+3.01

Drawdowns

EDGX vs. BNO - Drawdown Comparison

The maximum EDGX drawdown since its inception was -7.56%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for EDGX and BNO.

Drawdown Indicators

	EDGX	BNO	Difference
Max Drawdown Largest peak-to-trough decline	-7.56%	-87.06%	+79.50%
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	-0.14%	-12.72%	+12.58%
Average Drawdown Average peak-to-trough decline	-1.48%	-40.16%	+38.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.48%	—

Volatility

Volatility by Period

	EDGX	BNO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	36.21%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.02%	41.56%	-28.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.02%	35.40%	-22.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.02%	36.69%	-23.67%

Dividends

EDGX vs. BNO - Dividend Comparison

EDGX's dividend yield for the trailing twelve months is around 2.43%, while BNO has not paid dividends to shareholders.

Position	TTM
BNO United States Brent Oil Fund LP	0.00%
EDGX Global X U.S. 500 Income Edge ETF	2.43%

Frequently Asked Questions

Can I hold both EDGX and BNO in my portfolio?

EDGX and BNO have a correlation of -0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

EDGX has the higher dividend yield at 2.43%, compared with 0.00% for BNO.

What is the main difference between EDGX and BNO?

EDGX is categorized as Derivative Income, while BNO is Oil & Gas. EDGX tracks Solactive GBS United States 500 Index, while BNO tracks Front Month Brent Crude Oil. They also come from different issuers: Global X and Concierge Technologies.