GEME vs. BNO
GEME (Pacific North of South Global Emerging Markets Equity Active ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - GEME is a Emerging Markets Equities fund actively managed by Pacific AM, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. GEME is actively managed, while BNO is passively managed. Over the past year, GEME returned 78.02% vs 88.71% for BNO. At a correlation of -0.12, they often move in opposite directions. GEME charges 0.75%/yr vs 0.90%/yr for BNO.
Performance
GEME vs. BNO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GEME achieves a 37.12% return, which is significantly lower than BNO's 85.31% return.
GEME
- 1D
- -1.01%
- 1M
- 7.83%
- YTD
- 37.12%
- 6M
- 43.45%
- 1Y
- 78.02%
- 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%
GEME vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GEME Pacific North of South Global Emerging Markets Equity Active ETF | 37.12% | 37.35% |
BNO United States Brent Oil Fund LP | 85.31% | -10.32% |
Correlation
The correlation between GEME and BNO is -0.25, 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 (1Y) Calculated over the trailing 1-year period | -0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2025 | -0.12 |
The correlation between GEME and BNO shifts across timeframes, from -0.25 (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
GEME vs. BNO — Risk / Return Rank
GEME
BNO
GEME vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacific North of South Global Emerging Markets Equity Active ETF (GEME) 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.
| GEME | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.36 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 5.83 | 4.99 | +0.84 |
| Martin ratioReturn relative to average drawdown | 22.78 | 9.39 | +13.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GEME | BNO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.69 | 2.15 | +1.55 |
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 | 2.59 | 0.14 | +2.46 |
Drawdowns
GEME vs. BNO - Drawdown Comparison
The maximum GEME drawdown since its inception was -16.86%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for GEME and BNO.
Loading charts...
Drawdown Indicators
| GEME | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.86% | -87.06% | +70.20% |
Max Drawdown (1Y)Largest decline over 1 year | -13.46% | -17.87% | +4.41% |
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 DrawdownCurrent decline from peak | -2.23% | -12.72% | +10.49% |
Average DrawdownAverage peak-to-trough decline | -2.30% | -40.16% | +37.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 9.48% | -6.04% |
Volatility
GEME vs. BNO - Volatility Comparison
The current volatility for Pacific North of South Global Emerging Markets Equity Active ETF (GEME) is 8.57%, while United States Brent Oil Fund LP (BNO) has a volatility of 14.12%. This indicates that GEME 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
| GEME | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.57% | 14.12% | -5.55% |
Volatility (6M)Calculated over the trailing 6-month period | 17.94% | 36.21% | -18.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.26% | 41.56% | -20.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.94% | 35.40% | -12.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.94% | 36.69% | -13.75% |
GEME vs. BNO - Expense Ratio Comparison
GEME has a 0.75% expense ratio, which is lower than BNO's 0.90% expense ratio.
Dividends
GEME vs. BNO - Dividend Comparison
GEME's dividend yield for the trailing twelve months is around 5.11%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BNO United States Brent Oil Fund LP | 0.00% | 0.00% |
GEME Pacific North of South Global Emerging Markets Equity Active ETF | 5.11% | 7.01% |
Frequently Asked Questions
GEME and BNO have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNO has higher volatility (14.12%) compared to GEME (8.57%). In terms of maximum drawdown, GEME dropped -16.86% vs BNO's -87.06%.
On 1-year performance, BNO leads with 88.71% vs 78.02% for GEME. On fees, GEME is cheaper at 0.75% per year. On volatility, GEME has been the lower-risk option at 8.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BNO has performed better with a 88.71% return vs 78.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GEME is cheaper with a 0.75% expense ratio, compared with 0.90% for BNO.
GEME has the higher dividend yield at 5.11%, compared with 0.00% for BNO.
GEME is categorized as Emerging Markets Equities, while BNO is Oil & Gas. They also come from different issuers: Pacific AM and Concierge Technologies. Their fees differ too: 0.75% for GEME and 0.90% for BNO.
GEME currently has the higher Sharpe Ratio (3.69 vs 2.15), 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 GEME 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