HAUZ vs. BNO
HAUZ (Xtrackers International Real Estate ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - HAUZ is a REIT fund tracking the iSTOXX Developed and Emerging Markets ex USA PK VN Real Estate Index, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. Both are passively managed. Over the past 10 years, HAUZ returned 3.62%/yr vs 13.60%/yr for BNO. At a 0.13 correlation, their price movements are largely independent. HAUZ charges 0.10%/yr vs 0.90%/yr for BNO.
Performance
HAUZ vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, HAUZ achieves a -2.64% return, which is significantly lower than BNO's 90.47% return. Over the past 10 years, HAUZ has underperformed BNO with an annualized return of 3.62%, while BNO has yielded a comparatively higher 13.60% annualized return.
HAUZ
- 1D
- -1.44%
- 1M
- -4.21%
- YTD
- -2.64%
- 6M
- -1.65%
- 1Y
- 5.96%
- 3Y*
- 7.04%
- 5Y*
- -1.54%
- 10Y*
- 3.62%
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%
HAUZ vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HAUZ Xtrackers International Real Estate ETF | -2.64% | 22.70% | -5.44% | 6.29% | -22.24% | 9.82% | -6.23% | 20.89% | -9.12% | 27.52% |
BNO United States Brent Oil Fund LP | 90.47% | -5.44% | 9.67% | -3.43% | 35.25% | 62.34% | -38.23% | 36.01% | -15.30% | 15.43% |
Correlation
The correlation between HAUZ and BNO is -0.36, 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 | -0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2013 | 0.13 |
The correlation between HAUZ and BNO shifts across timeframes, from -0.36 (1 year) to 0.13 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
HAUZ vs. BNO — Risk / Return Rank
HAUZ
BNO
HAUZ vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers International Real Estate ETF (HAUZ) 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.
| HAUZ | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.38 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 5.17 | -4.74 |
| Martin ratioReturn relative to average drawdown | 1.28 | 9.76 | -8.48 |
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
| HAUZ | BNO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.43 | 2.23 | -1.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | 0.69 | -0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | 0.37 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.14 | +0.03 |
Drawdowns
HAUZ vs. BNO - Drawdown Comparison
The maximum HAUZ drawdown since its inception was -39.51%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for HAUZ and BNO.
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Drawdown Indicators
| HAUZ | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.51% | -87.06% | +47.55% |
Max Drawdown (1Y)Largest decline over 1 year | -14.08% | -17.87% | +3.79% |
Max Drawdown (3Y)Largest decline over 3 years | -17.88% | -23.75% | +5.87% |
Max Drawdown (5Y)Largest decline over 5 years | -34.52% | -33.70% | -0.82% |
Max Drawdown (10Y)Largest decline over 10 years | -39.51% | -75.18% | +35.67% |
Current DrawdownCurrent decline from peak | -11.73% | -10.29% | -1.44% |
Average DrawdownAverage peak-to-trough decline | -11.75% | -40.17% | +28.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 9.45% | -4.80% |
Volatility
HAUZ vs. BNO - Volatility Comparison
The current volatility for Xtrackers International Real Estate ETF (HAUZ) is 4.73%, while United States Brent Oil Fund LP (BNO) has a volatility of 14.22%. This indicates that HAUZ 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
| HAUZ | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.73% | 14.22% | -9.49% |
Volatility (6M)Calculated over the trailing 6-month period | 11.47% | 36.10% | -24.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 41.46% | -27.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.96% | 35.38% | -19.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.97% | 36.68% | -19.71% |
HAUZ vs. BNO - Expense Ratio Comparison
HAUZ has a 0.10% expense ratio, which is lower than BNO's 0.90% expense ratio.
Dividends
HAUZ vs. BNO - Dividend Comparison
HAUZ's dividend yield for the trailing twelve months is around 4.58%, 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% |
HAUZ Xtrackers International Real Estate ETF | 4.58% | 4.46% | 4.50% | 3.50% | 1.99% | 4.84% | 3.37% | 3.69% | 1.93% | 2.59% | 2.18% | 9.42% |
Frequently Asked Questions
HAUZ and BNO have a correlation of -0.36, 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 HAUZ (4.73%). In terms of maximum drawdown, HAUZ dropped -39.51% vs BNO's -87.06%.
On 10-year performance, BNO leads with 13.60% vs 3.62% for HAUZ. On fees, HAUZ is cheaper at 0.10% per year. On volatility, HAUZ has been the lower-risk option at 4.73%. 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 13.60% return vs 3.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HAUZ is cheaper with a 0.10% expense ratio, compared with 0.90% for BNO.
HAUZ has the higher dividend yield at 4.58%, compared with 0.00% for BNO.
HAUZ is categorized as REIT, while BNO is Oil & Gas. HAUZ tracks iSTOXX Developed and Emerging Markets ex USA PK VN Real Estate Index, while BNO tracks Front Month Brent Crude Oil. They also come from different issuers: DWS and Concierge Technologies. Their fees differ too: 0.10% for HAUZ and 0.90% for BNO.
BNO currently has the higher Sharpe Ratio (2.23 vs 0.43), 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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