EDGX vs. BNO

Last updated Jul 17, 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 Crude Oil Brent ICE Near Term Futures. Both are passively managed. At a correlation of -0.48, 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: 0.23%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BNO

• 1D: -1.70%
• 1M: 6.58%
• 6M: 58.17%
• YTD: 65.18%
• 1Y: 55.11%
• 3Y*: 20.77%
• 5Y*: 19.90%
• 10Y*: 12.78%

*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	9.90%
BNO United States Brent Oil Fund LP	47.20%

Correlation

The correlation between EDGX and BNO is -0.48, 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 18, 2026	-0.48

Return for Risk

EDGX vs. BNO — Risk / Return Rank

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

EDGX

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

BNO

BNO Risk / Return Rank: 42
BNO Sharpe Ratio Rank: 45
BNO Sortino Ratio Rank: 45
BNO Omega Ratio Rank: 45
BNO Calmar Ratio Rank: 38
BNO Martin Ratio Rank: 37

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.

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.

	EDGX	BNO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.30	—
Sortino ratio: Return per unit of downside risk	—	1.89	—
Omega ratio: Gain probability vs. loss probability	—	1.24	—
Calmar ratio: Return relative to maximum drawdown	—	1.61	—
Martin ratio: Return relative to average drawdown	—	4.66	—

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	—	-34.46%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-34.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-75.18%	—
Current Drawdown Current decline from peak	-0.73%	-22.20%	+21.47%
Average Drawdown Average peak-to-trough decline	-1.52%	-40.06%	+38.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.87%	—

Volatility

Volatility by Period

	EDGX	BNO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	39.16%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.25%	42.74%	-29.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.25%	36.11%	-22.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.25%	36.77%	-23.52%

Dividends

EDGX vs. BNO - Dividend Comparison

EDGX's dividend yield for the trailing twelve months is around 3.50%, 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	3.50%

Frequently Asked Questions

Can I hold both EDGX and BNO in my portfolio?

EDGX and BNO have a correlation of -0.48, 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 3.50%, 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 Crude Oil Brent ICE Near Term Futures. They also come from different issuers: Global X and USCF Investments.