LOWV vs. BNO
LOWV (AB US Low Volatility Equity ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - LOWV is a Large Cap Blend Equities fund actively managed by AllianceBernstein, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. LOWV is actively managed, while BNO is passively managed. Over the past 3 years, LOWV returned 15.81%/yr vs 27.10%/yr for BNO. At a correlation of -0.05, they often move in opposite directions. LOWV charges 0.48%/yr vs 0.90%/yr for BNO.
Performance
LOWV vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, LOWV achieves a 3.60% return, which is significantly lower than BNO's 86.76% return.
LOWV
- 1D
- -0.09%
- 1M
- 1.23%
- YTD
- 3.60%
- 6M
- 3.58%
- 1Y
- 12.24%
- 3Y*
- 15.81%
- 5Y*
- —
- 10Y*
- —
BNO
- 1D
- 0.76%
- 1M
- -7.65%
- YTD
- 86.76%
- 6M
- 83.45%
- 1Y
- 89.50%
- 3Y*
- 27.10%
- 5Y*
- 23.77%
- 10Y*
- 13.38%
LOWV vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
LOWV AB US Low Volatility Equity ETF | 3.60% | 12.26% | 20.43% | 20.41% |
BNO United States Brent Oil Fund LP | 86.76% | -5.44% | 9.67% | 8.50% |
Correlation
The correlation between LOWV and BNO is -0.26, 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 | -0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2023 | -0.05 |
Over the past year, the inverse relationship between LOWV and BNO has strengthened: their correlation has moved from -0.05 to -0.26, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
LOWV vs. BNO — Risk / Return Rank
LOWV
BNO
LOWV vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB US Low Volatility Equity ETF (LOWV) 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.
| LOWV | BNO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.18 | 2.17 | -0.99 |
Sortino ratioReturn per unit of downside risk | 1.68 | 2.68 | -1.00 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.37 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.30 | 5.39 | -4.09 |
Martin ratioReturn relative to average drawdown | 5.34 | 10.23 | -4.89 |
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
| LOWV | BNO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 2.17 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.68 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.50 | 0.14 | +1.36 |
Drawdowns
LOWV vs. BNO - Drawdown Comparison
The maximum LOWV drawdown since its inception was -13.87%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for LOWV and BNO.
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Drawdown Indicators
| LOWV | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.87% | -87.06% | +73.19% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -17.87% | +8.28% |
Max Drawdown (3Y)Largest decline over 3 years | -13.87% | -23.75% | +9.88% |
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 | -0.12% | -12.04% | +11.92% |
Average DrawdownAverage peak-to-trough decline | -1.50% | -40.18% | +38.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 9.43% | -7.09% |
Volatility
LOWV vs. BNO - Volatility Comparison
The current volatility for AB US Low Volatility Equity ETF (LOWV) is 2.04%, while United States Brent Oil Fund LP (BNO) has a volatility of 15.03%. This indicates that LOWV 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
| LOWV | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.04% | 15.03% | -12.99% |
Volatility (6M)Calculated over the trailing 6-month period | 7.85% | 36.08% | -28.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.44% | 41.56% | -31.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.95% | 35.37% | -23.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.95% | 36.68% | -24.73% |
LOWV vs. BNO - Expense Ratio Comparison
LOWV has a 0.48% expense ratio, which is lower than BNO's 0.90% expense ratio.
Dividends
LOWV vs. BNO - Dividend Comparison
LOWV's dividend yield for the trailing twelve months is around 0.90%, 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% |
LOWV AB US Low Volatility Equity ETF | 0.90% | 0.85% | 0.92% | 0.77% |
Frequently Asked Questions
LOWV and BNO have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNO has higher volatility (15.03%) compared to LOWV (2.04%). In terms of maximum drawdown, LOWV dropped -13.87% vs BNO's -87.06%.
On 3-year performance, BNO leads with 27.10% vs 15.81% for LOWV. On fees, LOWV is cheaper at 0.48% per year. On volatility, LOWV has been the lower-risk option at 2.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BNO has performed better with a 27.10% return vs 15.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LOWV is cheaper with a 0.48% expense ratio, compared with 0.90% for BNO.
LOWV has the higher dividend yield at 0.90%, compared with 0.00% for BNO.
LOWV is categorized as Large Cap Blend Equities, while BNO is Oil & Gas. They also come from different issuers: AllianceBernstein and Concierge Technologies. Their fees differ too: 0.48% for LOWV and 0.90% for BNO.
BNO currently has the higher Sharpe Ratio (2.17 vs 1.18), 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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