LOGO vs. BNO
LOGO (Alpha Brands Consumption Leaders ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - LOGO is a Mid Cap Blend Equities fund actively managed by Alpha Brands, while BNO is a Oil & Gas fund tracking the Crude Oil Brent ICE Near Term Futures. LOGO is actively managed, while BNO is passively managed. Over the past year, LOGO returned -1.07% vs 39.47% for BNO. At a correlation of -0.26, they often move in opposite directions. LOGO charges 0.69%/yr vs 1.00%/yr for BNO.
Performance
LOGO vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, LOGO achieves a -4.41% return, which is significantly lower than BNO's 43.86% return.
LOGO
- 1D
- 0.00%
- 1M
- -3.87%
- YTD
- -4.41%
- 6M
- -5.79%
- 1Y
- -1.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BNO
- 1D
- -4.23%
- 1M
- -25.93%
- YTD
- 43.86%
- 6M
- 41.93%
- 1Y
- 39.47%
- 3Y*
- 17.61%
- 5Y*
- 15.98%
- 10Y*
- 10.77%
LOGO vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LOGO Alpha Brands Consumption Leaders ETF | -4.41% | 4.84% |
BNO United States Brent Oil Fund LP | 43.86% | 3.85% |
Correlation
The correlation between LOGO and BNO is -0.24, 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 | -0.24 |
Correlation (All Time) Calculated using the full available price history since May 28, 2025 | -0.26 |
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Return for Risk
LOGO vs. BNO — Risk / Return Rank
LOGO
BNO
LOGO vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alpha Brands Consumption Leaders ETF (LOGO) 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.
| LOGO | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.20 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 1.23 | -1.29 |
| Martin ratioReturn relative to average drawdown | -0.14 | 4.18 | -4.32 |
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Drawdowns
LOGO vs. BNO - Drawdown Comparison
The maximum LOGO drawdown since its inception was -18.34%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for LOGO and BNO.
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Drawdown Indicators
| LOGO | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.34% | -87.06% | +68.72% |
Max Drawdown (1Y)Largest decline over 1 year | -18.34% | -32.25% | +13.91% |
Max Drawdown (3Y)Largest decline over 3 years | — | -32.25% | — |
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 | -10.90% | -32.25% | +21.35% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -40.10% | +34.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.64% | 9.47% | -1.83% |
Volatility
LOGO vs. BNO - Volatility Comparison
The current volatility for Alpha Brands Consumption Leaders ETF (LOGO) is 8.75%, while United States Brent Oil Fund LP (BNO) has a volatility of 11.33%. This indicates that LOGO 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
| LOGO | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.75% | 11.33% | -2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 13.28% | 37.57% | -24.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 41.20% | -25.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.75% | 35.70% | -19.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.75% | 36.70% | -20.95% |
LOGO vs. BNO - Expense Ratio Comparison
LOGO has a 0.69% expense ratio, which is lower than BNO's 1.00% expense ratio.
Dividends
LOGO vs. BNO - Dividend Comparison
Neither LOGO nor BNO has paid dividends to shareholders.
Frequently Asked Questions
LOGO 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 (11.33%) compared to LOGO (8.75%). In terms of maximum drawdown, LOGO dropped -18.34% vs BNO's -87.06%.
On 1-year performance, BNO leads with 39.47% vs -1.07% for LOGO. On fees, LOGO is cheaper at 0.69% per year. On volatility, LOGO has been the lower-risk option at 8.75%. 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 39.47% return vs -1.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LOGO is cheaper with a 0.69% expense ratio, compared with 1.00% for BNO.
LOGO and BNO have nearly identical dividend yields, around 0.00%.
LOGO is categorized as Mid Cap Blend Equities, while BNO is Oil & Gas. They also come from different issuers: Alpha Brands and USCF Investments. Their fees differ too: 0.69% for LOGO and 1.00% for BNO.
BNO currently has the higher Sharpe Ratio (0.97 vs -0.07), 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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