FTXR vs. BNO
FTXR (First Trust Nasdaq Transportation ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - FTXR is a Industrials Equities fund tracking the Nasdaq U.S. Smart Transportation Index, while BNO is a Oil & Gas fund tracking the Crude Oil Brent ICE Near Term Futures. Both are passively managed. Over the past 5 years, FTXR returned 8.30%/yr vs 20.89%/yr for BNO. Their 0.12 correlation means their historical movements had little consistent relationship. FTXR charges 0.60%/yr vs 1.00%/yr for BNO.
Performance
FTXR vs. BNO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FTXR achieves a 14.58% return, which is significantly lower than BNO's 77.90% return.
FTXR
- 1D
- -0.49%
- 1M
- -1.91%
- 6M
- 11.22%
- YTD
- 14.58%
- 1Y
- 41.32%
- 3Y*
- 14.39%
- 5Y*
- 8.30%
- 10Y*
- —
- ALL TIME*
- 9.74%
BNO
- 1D
- 1.45%
- 1M
- 27.00%
- 6M
- 52.90%
- YTD
- 77.90%
- 1Y
- 62.83%
- 3Y*
- 20.31%
- 5Y*
- 20.89%
- 10Y*
- 15.06%
- ALL TIME*
- 4.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $107.13M | $97.34M | $147.52M | |
| $21.02M | $11.11M | $8.84M |
FTXR vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTXR First Trust Nasdaq Transportation ETF | 14.58% | 14.70% | 17.09% | 20.93% | -25.38% | 24.02% | 15.03% | 14.82% | -15.27% | 15.82% |
BNO United States Brent Oil Fund LP | 77.90% | -5.44% | 9.67% | -3.43% | 35.25% | 62.34% | -38.23% | 36.01% | -15.30% | 15.43% |
Correlation
The correlation between FTXR and BNO is -0.34, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.34 |
Correlation (3Y) Balances recent behavior with more history. | -0.11 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2016 | 0.12 |
The correlation between FTXR and BNO shifts across timeframes, from -0.34 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FTXR vs. BNO — Risk / Return Rank
FTXR
BNO
FTXR vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Transportation ETF (FTXR) 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.
| FTXR | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.24 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 1.70 | +0.96 |
| Martin ratioReturn relative to average drawdown | 9.11 | 5.15 | +3.96 |
Loading charts...
Drawdowns
FTXR vs. BNO - Drawdown Comparison
The maximum FTXR drawdown since its inception was -52.06%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for FTXR and BNO.
Loading charts...
Drawdown Indicators
| FTXR | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.06% | -87.06% | +35.00% |
Max Drawdown (1Y)Largest decline over 1 year | -14.49% | -34.46% | +19.97% |
Max Drawdown (3Y)Largest decline over 3 years | -29.71% | -34.46% | +4.75% |
Max Drawdown (5Y)Largest decline over 5 years | -33.96% | -34.46% | +0.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.18% | — |
Current DrawdownCurrent decline from peak | -3.12% | -16.21% | +13.09% |
Average DrawdownAverage peak-to-trough decline | -10.90% | -39.99% | +29.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.22% | 11.86% | -7.64% |
Volatility
FTXR vs. BNO - Volatility Comparison
The current volatility for First Trust Nasdaq Transportation ETF (FTXR) is 4.77%, while United States Brent Oil Fund LP (BNO) has a volatility of 17.47%. This indicates that FTXR 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.
Loading charts...
Volatility by Period
| FTXR | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 17.47% | -12.70% |
Volatility (6M)Calculated over the trailing 6-month period | 16.91% | 40.96% | -24.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.51% | 44.54% | -23.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.93% | 36.41% | -12.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.68% | 36.98% | -12.30% |
FTXR vs. BNO - Expense Ratio Comparison
FTXR has a 0.60% expense ratio, which is lower than BNO's 1.00% expense ratio.
Dividends
FTXR vs. BNO - Dividend Comparison
FTXR's dividend yield for the trailing twelve months is around 0.98%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BNO United States Brent Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTXR First Trust Nasdaq Transportation ETF | 0.98% | 1.52% | 2.13% | 1.50% | 2.38% | 0.67% | 0.33% | 1.34% | 1.74% | 1.18% | 0.24% |
Frequently Asked Questions
FTXR and BNO have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNO has higher volatility (17.47%) compared to FTXR (4.77%). In terms of maximum drawdown, FTXR dropped -52.06% vs BNO's -87.06%.
On 5-year performance, BNO leads with 20.89% vs 8.30% for FTXR. On fees, FTXR is cheaper at 0.60% per year. On volatility, FTXR has been the lower-risk option at 4.77%. 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 20.89% return vs 8.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTXR is cheaper with a 0.60% expense ratio, compared with 1.00% for BNO.
FTXR has the higher dividend yield at 0.98%, compared with 0.00% for BNO.
FTXR is categorized as Industrials Equities, while BNO is Oil & Gas. FTXR tracks Nasdaq U.S. Smart Transportation Index, while BNO tracks Crude Oil Brent ICE Near Term Futures. They also come from different issuers: First Trust and USCF. Their fees differ too: 0.60% for FTXR and 1.00% for BNO.
FTXR currently has the higher Sharpe Ratio (1.79 vs 1.32), 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.
Find the right allocation for FTXR and BNO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer