MOTO vs. BNO
MOTO (SmartETFs Smart Transportation & Technology ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - MOTO is a Transportation Equities fund actively managed by Guinness Atkinson Asset Management, while BNO is a Oil & Gas fund tracking the Crude Oil Brent ICE Near Term Futures. MOTO is actively managed, while BNO is passively managed. Over the past 5 years, MOTO returned 8.94%/yr vs 17.15%/yr for BNO. At a 0.15 correlation, their price movements are largely independent. MOTO charges 0.68%/yr vs 1.00%/yr for BNO.
Performance
MOTO vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, MOTO achieves a 21.35% return, which is significantly lower than BNO's 50.21% return.
MOTO
- 1D
- -5.00%
- 1M
- -2.33%
- YTD
- 21.35%
- 6M
- 20.71%
- 1Y
- 43.37%
- 3Y*
- 17.21%
- 5Y*
- 8.94%
- 10Y*
- —
BNO
- 1D
- -1.35%
- 1M
- -22.65%
- YTD
- 50.21%
- 6M
- 47.81%
- 1Y
- 38.79%
- 3Y*
- 19.32%
- 5Y*
- 17.15%
- 10Y*
- 11.25%
MOTO vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MOTO SmartETFs Smart Transportation & Technology ETF | 21.35% | 27.38% | 2.01% | 27.10% | -27.20% | 17.22% | 59.13% | 5.00% |
BNO United States Brent Oil Fund LP | 50.21% | -5.44% | 9.67% | -3.43% | 35.25% | 62.34% | -38.23% | 8.71% |
Correlation
The correlation between MOTO and BNO is -0.25, 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 | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2019 | 0.15 |
The correlation between MOTO and BNO shifts across timeframes, from -0.25 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MOTO vs. BNO — Risk / Return Rank
MOTO
BNO
MOTO vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SmartETFs Smart Transportation & Technology ETF (MOTO) 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.
| MOTO | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.19 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | 1.33 | +1.93 |
| Martin ratioReturn relative to average drawdown | 11.11 | 4.21 | +6.90 |
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Drawdowns
MOTO vs. BNO - Drawdown Comparison
The maximum MOTO drawdown since its inception was -38.24%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for MOTO and BNO.
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Drawdown Indicators
| MOTO | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.24% | -87.06% | +48.82% |
Max Drawdown (1Y)Largest decline over 1 year | -13.36% | -29.25% | +15.89% |
Max Drawdown (3Y)Largest decline over 3 years | -26.43% | -29.25% | +2.82% |
Max Drawdown (5Y)Largest decline over 5 years | -37.34% | -33.70% | -3.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.18% | — |
Current DrawdownCurrent decline from peak | -7.73% | -29.25% | +21.52% |
Average DrawdownAverage peak-to-trough decline | -9.93% | -40.10% | +30.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.91% | 9.28% | -5.37% |
Volatility
MOTO vs. BNO - Volatility Comparison
SmartETFs Smart Transportation & Technology ETF (MOTO) and United States Brent Oil Fund LP (BNO) have volatilities of 11.45% and 10.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MOTO | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.45% | 10.92% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 19.16% | 37.29% | -18.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.09% | 41.67% | -18.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.99% | 35.65% | -11.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.47% | 36.68% | -10.21% |
MOTO vs. BNO - Expense Ratio Comparison
MOTO has a 0.68% expense ratio, which is lower than BNO's 1.00% expense ratio.
Dividends
MOTO vs. BNO - Dividend Comparison
MOTO's dividend yield for the trailing twelve months is around 0.87%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BNO United States Brent Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MOTO SmartETFs Smart Transportation & Technology ETF | 0.87% | 1.06% | 1.07% | 2.73% | 2.33% | 0.55% | 2.71% |
Frequently Asked Questions
MOTO and BNO have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MOTO has higher volatility (11.45%) compared to BNO (10.92%). In terms of maximum drawdown, MOTO dropped -38.24% vs BNO's -87.06%.
On 5-year performance, BNO leads with 17.15% vs 8.94% for MOTO. On fees, MOTO is cheaper at 0.68% per year. On volatility, BNO has been the lower-risk option at 10.92%. 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 17.15% return vs 8.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MOTO is cheaper with a 0.68% expense ratio, compared with 1.00% for BNO.
MOTO has the higher dividend yield at 0.87%, compared with 0.00% for BNO.
MOTO is categorized as Transportation Equities, while BNO is Oil & Gas. They also come from different issuers: Guinness Atkinson Asset Management and USCF Investments. Their fees differ too: 0.68% for MOTO and 1.00% for BNO.
MOTO currently has the higher Sharpe Ratio (1.89 vs 0.95), 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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