MIDE vs. BNO
MIDE (Xtrackers S&P MidCap 400 ESG ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - MIDE is a Mid Cap Blend Equities fund tracking the S&P MidCap 400 ESG Index, while BNO is a Oil & Gas fund tracking the Crude Oil Brent ICE Near Term Futures. Both are passively managed. Over the past 5 years, MIDE returned 8.56%/yr vs 20.89%/yr for BNO. Their 0.10 correlation means their historical movements had little consistent relationship. MIDE charges 0.15%/yr vs 1.00%/yr for BNO.
Performance
MIDE vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, MIDE achieves a 15.09% return, which is significantly lower than BNO's 77.90% return.
MIDE
- 1D
- 0.02%
- 1M
- -0.21%
- 6M
- 10.55%
- YTD
- 15.09%
- 1Y
- 25.54%
- 3Y*
- 13.06%
- 5Y*
- 8.56%
- 10Y*
- —
- ALL TIME*
- 9.04%
BNO
- 1D
- 1.45%
- 1M
- 27.00%
- 6M
- 52.90%
- YTD
- 77.90%
- 1Y
- 62.83%
- 3Y*
- 20.31%
- 5Y*
- 20.89%
- 10Y*
- 15.06%
- ALL TIME*
- 4.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $107.13M | $97.34M | $147.52M | |
| $7.22K | $26.17K | $21.85K |
MIDE vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MIDE Xtrackers S&P MidCap 400 ESG ETF | 15.09% | 9.81% | 11.21% | 15.20% | -11.63% | 11.80% |
BNO United States Brent Oil Fund LP | 77.90% | -5.44% | 9.67% | -3.43% | 35.25% | 27.97% |
Correlation
The correlation between MIDE and BNO is -0.27, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.27 |
Correlation (3Y) Balances recent behavior with more history. | -0.05 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.10 |
The correlation between MIDE and BNO shifts across timeframes, from -0.27 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MIDE vs. BNO — Risk / Return Rank
MIDE
BNO
MIDE vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P MidCap 400 ESG ETF (MIDE) 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.
| MIDE | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.24 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 1.70 | +0.85 |
| Martin ratioReturn relative to average drawdown | 9.19 | 5.15 | +4.04 |
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Drawdowns
MIDE vs. BNO - Drawdown Comparison
The maximum MIDE drawdown since its inception was -24.59%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for MIDE and BNO.
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Drawdown Indicators
| MIDE | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.59% | -87.06% | +62.47% |
Max Drawdown (1Y)Largest decline over 1 year | -9.36% | -34.46% | +25.10% |
Max Drawdown (3Y)Largest decline over 3 years | -24.59% | -34.46% | +9.87% |
Max Drawdown (5Y)Largest decline over 5 years | -24.59% | -34.46% | +9.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.18% | — |
Current DrawdownCurrent decline from peak | -1.44% | -16.21% | +14.77% |
Average DrawdownAverage peak-to-trough decline | -6.34% | -39.99% | +33.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 11.86% | -9.26% |
Volatility
MIDE vs. BNO - Volatility Comparison
The current volatility for Xtrackers S&P MidCap 400 ESG ETF (MIDE) is 3.38%, while United States Brent Oil Fund LP (BNO) has a volatility of 17.47%. This indicates that MIDE 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
| MIDE | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 17.47% | -14.09% |
Volatility (6M)Calculated over the trailing 6-month period | 11.53% | 40.96% | -29.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.85% | 44.54% | -28.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.61% | 36.41% | -16.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.51% | 36.98% | -17.47% |
MIDE vs. BNO - Expense Ratio Comparison
MIDE has a 0.15% expense ratio, which is lower than BNO's 1.00% expense ratio.
Dividends
MIDE vs. BNO - Dividend Comparison
MIDE's dividend yield for the trailing twelve months is around 1.26%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BNO United States Brent Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MIDE Xtrackers S&P MidCap 400 ESG ETF | 1.26% | 1.52% | 1.45% | 1.36% | 1.33% | 0.93% |
Frequently Asked Questions
MIDE 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 (17.47%) compared to MIDE (3.38%). In terms of maximum drawdown, MIDE dropped -24.59% vs BNO's -87.06%.
On 5-year performance, BNO leads with 20.89% vs 8.56% for MIDE. On fees, MIDE is cheaper at 0.15% per year. On volatility, MIDE has been the lower-risk option at 3.38%. 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 20.89% return vs 8.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MIDE is cheaper with a 0.15% expense ratio, compared with 1.00% for BNO.
MIDE has the higher dividend yield at 1.26%, compared with 0.00% for BNO.
MIDE is categorized as Mid Cap Blend Equities, while BNO is Oil & Gas. MIDE tracks S&P MidCap 400 ESG Index, while BNO tracks Crude Oil Brent ICE Near Term Futures. They also come from different issuers: Deutsche Bank and USCF. Their fees differ too: 0.15% for MIDE and 1.00% for BNO.
MIDE currently has the higher Sharpe Ratio (1.51 vs 1.32), 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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