GENZ vs. BNO
GENZ (VanEck Digital Native Economy ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - GENZ is a Technology Equities fund tracking the MarketVector Digital Native Economy Index, while BNO is a Oil & Gas fund tracking the Crude Oil Brent ICE Near Term Futures. Both are passively managed. Over the past 10 years, GENZ returned 3.13%/yr vs 15.06%/yr for BNO. Their 0.23 correlation means their historical movements had little consistent relationship. GENZ charges 0.50%/yr vs 1.00%/yr for BNO.
Performance
GENZ vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, GENZ achieves a -8.92% return, which is significantly lower than BNO's 77.90% return. Over the past 10 years, GENZ has underperformed BNO with an annualized return of 3.13%, while BNO has yielded a comparatively higher 15.06% annualized return.
GENZ
- 1D
- -3.10%
- 1M
- -2.17%
- 6M
- 0.24%
- YTD
- -8.92%
- 1Y
- -13.86%
- 3Y*
- -4.53%
- 5Y*
- -3.36%
- 10Y*
- 3.13%
- ALL TIME*
- 1.85%
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 | |
| $64.71K | $66.66K | $80.30K |
GENZ vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GENZ VanEck Digital Native Economy ETF | -8.92% | 4.15% | -1.39% | 11.52% | -12.83% | -4.30% | 12.72% | 30.17% | -26.79% | 41.11% |
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 GENZ and BNO is -0.24, 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. | -0.24 |
Correlation (3Y) Balances recent behavior with more history. | -0.04 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2010 | 0.23 |
The correlation between GENZ and BNO shifts across timeframes, from -0.24 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GENZ vs. BNO — Risk / Return Rank
GENZ
BNO
GENZ vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Digital Native Economy ETF (GENZ) 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.
| GENZ | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.01 | ||
| Sortino ratioReturn per unit of downside risk | -2.80 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.24 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 1.70 | -2.24 |
| Martin ratioReturn relative to average drawdown | -0.89 | 5.15 | -6.04 |
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Drawdowns
GENZ vs. BNO - Drawdown Comparison
The maximum GENZ drawdown since its inception was -71.12%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for GENZ and BNO.
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Drawdown Indicators
| GENZ | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.12% | -87.06% | +15.94% |
Max Drawdown (1Y)Largest decline over 1 year | -26.40% | -34.46% | +8.06% |
Max Drawdown (3Y)Largest decline over 3 years | -26.40% | -34.46% | +8.06% |
Max Drawdown (5Y)Largest decline over 5 years | -39.93% | -34.46% | -5.47% |
Max Drawdown (10Y)Largest decline over 10 years | -56.43% | -75.18% | +18.75% |
Current DrawdownCurrent decline from peak | -28.49% | -16.21% | -12.28% |
Average DrawdownAverage peak-to-trough decline | -24.57% | -39.99% | +15.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.08% | 11.86% | +4.22% |
Volatility
GENZ vs. BNO - Volatility Comparison
The current volatility for VanEck Digital Native Economy ETF (GENZ) is 7.97%, while United States Brent Oil Fund LP (BNO) has a volatility of 17.47%. This indicates that GENZ 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
| GENZ | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.97% | 17.47% | -9.50% |
Volatility (6M)Calculated over the trailing 6-month period | 17.84% | 40.96% | -23.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.62% | 44.54% | -23.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.71% | 36.41% | -11.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.15% | 36.98% | -11.83% |
GENZ vs. BNO - Expense Ratio Comparison
GENZ has a 0.50% expense ratio, which is lower than BNO's 1.00% expense ratio.
Dividends
GENZ vs. BNO - Dividend Comparison
GENZ's dividend yield for the trailing twelve months is around 3.66%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
GENZ VanEck Digital Native Economy ETF | 3.66% | 3.34% | 2.88% | 1.68% | 0.44% | 0.79% | 0.47% | 2.95% | 3.43% | 2.31% | 3.15% | 4.09% |
Frequently Asked Questions
GENZ and BNO have a correlation of -0.24, 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 GENZ (7.97%). In terms of maximum drawdown, GENZ dropped -71.12% vs BNO's -87.06%.
On 10-year performance, BNO leads with 15.06% vs 3.13% for GENZ. On fees, GENZ is cheaper at 0.50% per year. On volatility, GENZ has been the lower-risk option at 7.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, BNO has performed better with a 15.06% return vs 3.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GENZ is cheaper with a 0.50% expense ratio, compared with 1.00% for BNO.
GENZ has the higher dividend yield at 3.66%, compared with 0.00% for BNO.
GENZ is categorized as Technology Equities, while BNO is Oil & Gas. GENZ tracks MarketVector Digital Native Economy Index, while BNO tracks Crude Oil Brent ICE Near Term Futures. They also come from different issuers: VanEck and USCF. Their fees differ too: 0.50% for GENZ and 1.00% for BNO.
BNO currently has the higher Sharpe Ratio (1.32 vs -0.69), 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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