GEND vs. BNO
GEND (Genter Capital Dividend Income ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - GEND is a Large Cap Value Equities fund actively managed by Genter Capital, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. GEND is actively managed, while BNO is passively managed. Over the past year, GEND returned 25.44% vs 91.89% for BNO. At a 0.02 correlation, their price movements are largely independent. GEND charges 0.38%/yr vs 0.90%/yr for BNO.
Performance
GEND vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, GEND achieves a 11.95% return, which is significantly lower than BNO's 90.47% return.
GEND
- 1D
- -0.35%
- 1M
- 1.03%
- YTD
- 11.95%
- 6M
- 12.26%
- 1Y
- 25.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BNO
- 1D
- 1.99%
- 1M
- -10.29%
- YTD
- 90.47%
- 6M
- 86.00%
- 1Y
- 91.89%
- 3Y*
- 27.93%
- 5Y*
- 24.16%
- 10Y*
- 13.60%
GEND vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GEND Genter Capital Dividend Income ETF | 11.95% | 16.61% |
BNO United States Brent Oil Fund LP | 90.47% | -13.34% |
Correlation
The correlation between GEND and BNO is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2025 | 0.02 |
The correlation between GEND and BNO shifts across timeframes, from -0.09 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GEND vs. BNO — Risk / Return Rank
GEND
BNO
GEND vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Genter Capital Dividend Income ETF (GEND) 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.
| GEND | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.38 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | 5.17 | -1.17 |
| Martin ratioReturn relative to average drawdown | 14.48 | 9.76 | +4.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GEND | BNO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | 2.23 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.51 | 0.14 | +1.37 |
Drawdowns
GEND vs. BNO - Drawdown Comparison
The maximum GEND drawdown since its inception was -13.31%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for GEND and BNO.
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Drawdown Indicators
| GEND | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.31% | -87.06% | +73.75% |
Max Drawdown (1Y)Largest decline over 1 year | -6.40% | -17.87% | +11.47% |
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 | -1.46% | -10.29% | +8.83% |
Average DrawdownAverage peak-to-trough decline | -1.88% | -40.17% | +38.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 9.45% | -7.69% |
Volatility
GEND vs. BNO - Volatility Comparison
The current volatility for Genter Capital Dividend Income ETF (GEND) is 2.56%, while United States Brent Oil Fund LP (BNO) has a volatility of 14.22%. This indicates that GEND 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.
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Volatility by Period
| GEND | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.56% | 14.22% | -11.66% |
Volatility (6M)Calculated over the trailing 6-month period | 8.01% | 36.10% | -28.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.62% | 41.46% | -30.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.15% | 35.38% | -21.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.15% | 36.68% | -22.53% |
GEND vs. BNO - Expense Ratio Comparison
GEND has a 0.38% expense ratio, which is lower than BNO's 0.90% expense ratio.
Dividends
GEND vs. BNO - Dividend Comparison
GEND's dividend yield for the trailing twelve months is around 2.74%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BNO United States Brent Oil Fund LP | 0.00% | 0.00% |
GEND Genter Capital Dividend Income ETF | 2.74% | 2.10% |
Frequently Asked Questions
GEND and BNO have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNO has higher volatility (14.22%) compared to GEND (2.56%). In terms of maximum drawdown, GEND dropped -13.31% vs BNO's -87.06%.
On 1-year performance, BNO leads with 91.89% vs 25.44% for GEND. On fees, GEND is cheaper at 0.38% per year. On volatility, GEND has been the lower-risk option at 2.56%. 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 91.89% return vs 25.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GEND is cheaper with a 0.38% expense ratio, compared with 0.90% for BNO.
GEND has the higher dividend yield at 2.74%, compared with 0.00% for BNO.
GEND is categorized as Large Cap Value Equities, while BNO is Oil & Gas. They also come from different issuers: Genter Capital and Concierge Technologies. Their fees differ too: 0.38% for GEND and 0.90% for BNO.
GEND currently has the higher Sharpe Ratio (2.41 vs 2.23), 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.
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