GOOP vs. BNO

Last updated Jun 4, 2026

GOOP (Kurv Yield Premium Strategy Google ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - GOOP is a Derivative Income fund actively managed by Kurv, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. GOOP is actively managed, while BNO is passively managed. Over the past year, GOOP returned 93.82% vs 91.89% for BNO. At a correlation of -0.02, they often move in opposite directions. GOOP charges 0.99%/yr vs 0.90%/yr for BNO.

Performance

GOOP vs. BNO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Yield Premium Strategy Google ETF (GOOP) 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, GOOP achieves a 12.36% return, which is significantly lower than BNO's 90.47% return.

GOOP

• 1D: -0.95%
• 1M: -7.01%
• YTD: 12.36%
• 6M: 10.67%
• 1Y: 93.82%
• 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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GOOP vs. BNO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GOOP Kurv Yield Premium Strategy Google ETF	12.36%	52.46%	27.67%	6.17%
BNO United States Brent Oil Fund LP	90.47%	-5.44%	9.67%	-9.54%

Correlation

The correlation between GOOP and BNO is -0.22, 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	-0.22
Correlation (All Time) Calculated using the full available price history since Nov 7, 2023	-0.02

Over the past year, the inverse relationship between GOOP and BNO has strengthened: their correlation has moved from -0.02 to -0.22, meaning they now move in opposite directions more often than their long-term average.

Return for Risk

GOOP vs. BNO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GOOP

GOOP Risk / Return Rank: 86
GOOP Sharpe Ratio Rank: 92
GOOP Sortino Ratio Rank: 91
GOOP Omega Ratio Rank: 88
GOOP Calmar Ratio Rank: 78
GOOP Martin Ratio Rank: 78

BNO

BNO Risk / Return Rank: 65
BNO Sharpe Ratio Rank: 66
BNO Sortino Ratio Rank: 56
BNO Omega Ratio Rank: 60
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.

GOOP vs. BNO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Google ETF (GOOP) 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.

	GOOP	BNO	Difference
Sharpe ratio Return per unit of total volatility	3.34	2.23	+1.11
Sortino ratio Return per unit of downside risk	4.35	2.73	+1.63
Omega ratio Gain probability vs. loss probability	1.57	1.38	+0.19
Calmar ratio Return relative to maximum drawdown	4.04	5.17	-1.12
Martin ratio Return relative to average drawdown	15.39	9.76	+5.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GOOP vs. BNO - Sharpe Ratio Comparison

The current GOOP Sharpe Ratio is 3.34, which is higher than the BNO Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of GOOP and BNO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GOOP	BNO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.34	2.23	+1.11
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

GOOP vs. BNO - Drawdown Comparison

The maximum GOOP drawdown since its inception was -27.49%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for GOOP and BNO.

Drawdown Indicators

	GOOP	BNO	Difference
Max Drawdown Largest peak-to-trough decline	-27.49%	-87.06%	+59.57%
Max Drawdown (1Y) Largest decline over 1 year	-23.32%	-17.87%	-5.45%
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	-11.90%	-10.29%	-1.61%
Average Drawdown Average peak-to-trough decline	-6.29%	-40.17%	+33.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.12%	9.45%	-3.33%

Volatility

GOOP vs. BNO - Volatility Comparison

The current volatility for Kurv Yield Premium Strategy Google ETF (GOOP) is 9.14%, while United States Brent Oil Fund LP (BNO) has a volatility of 14.22%. This indicates that GOOP 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.

Volatility by Period

	GOOP	BNO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.14%	14.22%	-5.08%
Volatility (6M) Calculated over the trailing 6-month period	22.59%	36.10%	-13.51%
Volatility (1Y) Calculated over the trailing 1-year period	28.30%	41.46%	-13.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.91%	35.38%	-9.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.91%	36.68%	-10.77%

GOOP vs. BNO - Expense Ratio Comparison

GOOP has a 0.99% expense ratio, which is higher than BNO's 0.90% expense ratio.

Dividends

GOOP vs. BNO - Dividend Comparison

GOOP's dividend yield for the trailing twelve months is around 12.25%, while BNO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
BNO United States Brent Oil Fund LP	0.00%	0.00%	0.00%	0.00%
GOOP Kurv Yield Premium Strategy Google ETF	12.25%	11.79%	13.73%	2.06%

Frequently Asked Questions

Can I hold both GOOP and BNO in my portfolio?

GOOP and BNO have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GOOP or BNO?

BNO has higher volatility (14.22%) compared to GOOP (9.14%). In terms of maximum drawdown, GOOP dropped -27.49% vs BNO's -87.06%.

Which ETF is better, GOOP or BNO?

On 1-year performance, GOOP leads with 93.82% vs 91.89% for BNO. On fees, BNO is cheaper at 0.90% per year. On volatility, GOOP has been the lower-risk option at 9.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GOOP or BNO?

Over the 1-year period, GOOP has performed better with a 93.82% return vs 91.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GOOP or BNO?

BNO is cheaper with a 0.90% expense ratio, compared with 0.99% for GOOP.

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

GOOP has the higher dividend yield at 12.25%, compared with 0.00% for BNO.

What is the main difference between GOOP and BNO?

GOOP is categorized as Derivative Income, while BNO is Oil & Gas. They also come from different issuers: Kurv and Concierge Technologies. Their fees differ too: 0.99% for GOOP and 0.90% for BNO.

Which has better risk-adjusted returns?

GOOP currently has the higher Sharpe Ratio (3.34 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.