JANT vs. BNO
JANT (AllianzIM U.S. Large Cap Buffer10 Jan ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - JANT is a Options Trading fund actively managed by Allianz, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. JANT is actively managed, while BNO is passively managed. Over the past 5 years, JANT returned 10.32%/yr vs 23.48%/yr for BNO. At a 0.05 correlation, their price movements are largely independent. JANT charges 0.74%/yr vs 0.90%/yr for BNO.
Performance
JANT vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, JANT achieves a 6.90% return, which is significantly lower than BNO's 85.31% return.
JANT
- 1D
- 0.27%
- 1M
- 2.50%
- YTD
- 6.90%
- 6M
- 8.26%
- 1Y
- 19.82%
- 3Y*
- 16.53%
- 5Y*
- 10.32%
- 10Y*
- —
BNO
- 1D
- -2.71%
- 1M
- -9.80%
- YTD
- 85.31%
- 6M
- 79.66%
- 1Y
- 88.71%
- 3Y*
- 26.74%
- 5Y*
- 23.48%
- 10Y*
- 13.13%
JANT vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JANT AllianzIM U.S. Large Cap Buffer10 Jan ETF | 6.90% | 14.30% | 16.01% | 22.92% | -10.31% | 13.68% |
BNO United States Brent Oil Fund LP | 85.31% | -5.44% | 9.67% | -3.43% | 35.25% | 65.43% |
Correlation
The correlation between JANT and BNO is -0.34, 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 | -0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2021 | 0.05 |
The correlation between JANT and BNO shifts across timeframes, from -0.34 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JANT vs. BNO — Risk / Return Rank
JANT
BNO
JANT vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer10 Jan ETF (JANT) 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.
| JANT | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.36 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 4.99 | -1.64 |
| Martin ratioReturn relative to average drawdown | 17.58 | 9.39 | +8.19 |
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
| JANT | BNO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.67 | 2.15 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.67 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.14 | +0.88 |
Drawdowns
JANT vs. BNO - Drawdown Comparison
The maximum JANT drawdown since its inception was -16.18%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for JANT and BNO.
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Drawdown Indicators
| JANT | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.18% | -87.06% | +70.88% |
Max Drawdown (1Y)Largest decline over 1 year | -5.94% | -17.87% | +11.93% |
Max Drawdown (3Y)Largest decline over 3 years | -13.25% | -23.75% | +10.50% |
Max Drawdown (5Y)Largest decline over 5 years | -16.18% | -33.70% | +17.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.18% | — |
Current DrawdownCurrent decline from peak | -0.03% | -12.72% | +12.69% |
Average DrawdownAverage peak-to-trough decline | -2.67% | -40.16% | +37.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 9.48% | -8.35% |
Volatility
JANT vs. BNO - Volatility Comparison
The current volatility for AllianzIM U.S. Large Cap Buffer10 Jan ETF (JANT) is 1.33%, while United States Brent Oil Fund LP (BNO) has a volatility of 14.12%. This indicates that JANT 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
| JANT | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 14.12% | -12.79% |
Volatility (6M)Calculated over the trailing 6-month period | 5.96% | 36.21% | -30.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.44% | 41.56% | -34.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.31% | 35.40% | -24.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.10% | 36.69% | -25.59% |
JANT vs. BNO - Expense Ratio Comparison
JANT has a 0.74% expense ratio, which is lower than BNO's 0.90% expense ratio.
Dividends
JANT vs. BNO - Dividend Comparison
Neither JANT nor BNO has paid dividends to shareholders.
Frequently Asked Questions
JANT and BNO have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNO has higher volatility (14.12%) compared to JANT (1.33%). In terms of maximum drawdown, JANT dropped -16.18% vs BNO's -87.06%.
On 5-year performance, BNO leads with 23.48% vs 10.32% for JANT. On fees, JANT is cheaper at 0.74% per year. On volatility, JANT has been the lower-risk option at 1.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BNO has performed better with a 23.48% return vs 10.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JANT is cheaper with a 0.74% expense ratio, compared with 0.90% for BNO.
JANT and BNO have nearly identical dividend yields, around 0.00%.
JANT is categorized as Options Trading, while BNO is Oil & Gas. They also come from different issuers: Allianz and Concierge Technologies. Their fees differ too: 0.74% for JANT and 0.90% for BNO.
JANT currently has the higher Sharpe Ratio (2.67 vs 2.15), 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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