ESSC vs. BNO

Last updated Jun 4, 2026

ESSC (Eventide Small Cap ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - ESSC is a Small Cap Blend Equities fund actively managed by Eventide, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. ESSC is actively managed, while BNO is passively managed. At a correlation of -0.30, they often move in opposite directions. ESSC charges 0.49%/yr vs 0.90%/yr for BNO.

Performance

ESSC vs. BNO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eventide Small Cap ETF (ESSC) 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, ESSC achieves a 15.03% return, which is significantly lower than BNO's 85.31% return.

ESSC

• 1D: -0.78%
• 1M: 2.91%
• YTD: 15.03%
• 6M: 14.38%
• 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)

ESSC vs. BNO - Yearly Performance Comparison

	2026 (YTD)	2025
ESSC Eventide Small Cap ETF	15.03%	3.65%
BNO United States Brent Oil Fund LP	85.31%	-5.76%

Correlation

The correlation between ESSC and BNO is -0.30, 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 Oct 1, 2025	-0.30

Return for Risk

ESSC 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.

ESSC vs. BNO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eventide Small Cap ETF (ESSC) 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

	ESSC	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	1.58	0.14	+1.45

Drawdowns

ESSC vs. BNO - Drawdown Comparison

The maximum ESSC drawdown since its inception was -9.51%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for ESSC and BNO.

Drawdown Indicators

	ESSC	BNO	Difference
Max Drawdown Largest peak-to-trough decline	-9.51%	-87.06%	+77.55%
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	-1.05%	-12.72%	+11.67%
Average Drawdown Average peak-to-trough decline	-2.19%	-40.16%	+37.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.48%	—

Volatility

Volatility by Period

	ESSC	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	19.00%	41.56%	-22.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.00%	35.40%	-16.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.00%	36.69%	-17.69%

ESSC vs. BNO - Expense Ratio Comparison

ESSC has a 0.49% expense ratio, which is lower than BNO's 0.90% expense ratio.

Dividends

ESSC vs. BNO - Dividend Comparison

ESSC's dividend yield for the trailing twelve months is around 0.16%, while BNO has not paid dividends to shareholders.

Position	TTM	2025
BNO United States Brent Oil Fund LP	0.00%	0.00%
ESSC Eventide Small Cap ETF	0.16%	0.04%

Frequently Asked Questions

Can I hold both ESSC and BNO in my portfolio?

ESSC and BNO have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESSC or BNO?

On fees, ESSC is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESSC or BNO?

ESSC is cheaper with a 0.49% expense ratio, compared with 0.90% for BNO.

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

ESSC has the higher dividend yield at 0.16%, compared with 0.00% for BNO.

What is the main difference between ESSC and BNO?

ESSC is categorized as Small Cap Blend Equities, while BNO is Oil & Gas. They also come from different issuers: Eventide and Concierge Technologies. Their fees differ too: 0.49% for ESSC and 0.90% for BNO.