HYTI vs. BNO
HYTI (FT Vest High Yield & Target Income ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - HYTI is a Derivative Income fund actively managed by FT Vest, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. HYTI is actively managed, while BNO is passively managed. Over the past year, HYTI returned 6.41% vs 79.52% for BNO. At a correlation of -0.13, they often move in opposite directions. HYTI charges 0.65%/yr vs 0.90%/yr for BNO.
Performance
HYTI vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, HYTI achieves a 1.24% return, which is significantly lower than BNO's 80.79% return.
HYTI
- 1D
- -0.65%
- 1M
- -0.42%
- YTD
- 1.24%
- 6M
- 1.77%
- 1Y
- 6.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BNO
- 1D
- -2.44%
- 1M
- -3.60%
- YTD
- 80.79%
- 6M
- 73.97%
- 1Y
- 79.52%
- 3Y*
- 25.89%
- 5Y*
- 22.87%
- 10Y*
- 12.62%
HYTI vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HYTI FT Vest High Yield & Target Income ETF | 1.24% | 7.01% |
BNO United States Brent Oil Fund LP | 80.79% | -8.11% |
Correlation
The correlation between HYTI and BNO is -0.27, 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 | -0.27 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025 | -0.13 |
The correlation between HYTI and BNO shifts across timeframes, from -0.27 (1 year) to -0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HYTI vs. BNO — Risk / Return Rank
HYTI
BNO
HYTI vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest High Yield & Target Income ETF (HYTI) 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.
| HYTI | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.34 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 4.66 | -1.99 |
| Martin ratioReturn relative to average drawdown | 11.33 | 8.73 | +2.60 |
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
| HYTI | BNO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 2.00 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.65 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.21 | 0.13 | +1.08 |
Drawdowns
HYTI vs. BNO - Drawdown Comparison
The maximum HYTI drawdown since its inception was -4.47%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for HYTI and BNO.
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Drawdown Indicators
| HYTI | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.47% | -87.06% | +82.59% |
Max Drawdown (1Y)Largest decline over 1 year | -2.38% | -17.87% | +15.49% |
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 | -0.65% | -14.85% | +14.20% |
Average DrawdownAverage peak-to-trough decline | -0.46% | -40.16% | +39.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 9.53% | -8.97% |
Volatility
HYTI vs. BNO - Volatility Comparison
The current volatility for FT Vest High Yield & Target Income ETF (HYTI) is 1.27%, while United States Brent Oil Fund LP (BNO) has a volatility of 11.71%. This indicates that HYTI 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
| HYTI | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 11.71% | -10.44% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 36.33% | -33.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.87% | 41.63% | -37.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.23% | 35.41% | -30.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.23% | 36.69% | -31.46% |
HYTI vs. BNO - Expense Ratio Comparison
HYTI has a 0.65% expense ratio, which is lower than BNO's 0.90% expense ratio.
Dividends
HYTI vs. BNO - Dividend Comparison
HYTI's dividend yield for the trailing twelve months is around 10.46%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BNO United States Brent Oil Fund LP | 0.00% | 0.00% |
HYTI FT Vest High Yield & Target Income ETF | 10.46% | 8.10% |
Frequently Asked Questions
HYTI and BNO have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNO has higher volatility (11.71%) compared to HYTI (1.27%). In terms of maximum drawdown, HYTI dropped -4.47% vs BNO's -87.06%.
On 1-year performance, BNO leads with 79.52% vs 6.41% for HYTI. On fees, HYTI is cheaper at 0.65% per year. On volatility, HYTI has been the lower-risk option at 1.27%. 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 79.52% return vs 6.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYTI is cheaper with a 0.65% expense ratio, compared with 0.90% for BNO.
HYTI has the higher dividend yield at 10.46%, compared with 0.00% for BNO.
HYTI is categorized as Derivative Income, while BNO is Oil & Gas. They also come from different issuers: FT Vest and Concierge Technologies. Their fees differ too: 0.65% for HYTI and 0.90% for BNO.
BNO currently has the higher Sharpe Ratio (2.00 vs 1.65), 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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