MYCJ vs. BNO

Last updated Aug 2, 2026

MYCJ (State Street My2030 Corporate Bond ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - MYCJ is a Corporate Bonds fund actively managed by State Street, while BNO is a Oil & Gas fund tracking the Crude Oil Brent ICE Near Term Futures. MYCJ is actively managed, while BNO is passively managed. Over the past year, MYCJ returned 2.51% vs 62.83% for BNO. Their -0.27 correlation means they have often moved in opposite directions in the past. MYCJ charges 0.15%/yr vs 1.00%/yr for BNO.

Performance

MYCJ vs. BNO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street My2030 Corporate Bond ETF (MYCJ) and United States Brent Oil Fund LP (BNO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MYCJ achieves a 0.04% return, which is significantly lower than BNO's 77.90% return.

MYCJ

• 1D: -0.10%
• 1M: -0.65%
• 6M: -0.18%
• YTD: 0.04%
• 1Y: 2.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.17%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BNO United States Brent Oil Fund LP	$107.13M	$97.34M	$147.52M
MYCJ State Street My2030 Corporate Bond ETF	$399.37K	$233.99K	$181.35K

MYCJ vs. BNO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MYCJ State Street My2030 Corporate Bond ETF	0.04%	8.32%	-2.24%
BNO United States Brent Oil Fund LP	77.90%	-5.44%	3.56%

Correlation

The correlation between MYCJ and BNO is -0.40, 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.	-0.40
Correlation (All Time) Calculated using the full available price history since Sep 24, 2024	-0.27

The correlation between MYCJ and BNO shifts across timeframes, from -0.40 (1 year) to -0.27 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MYCJ vs. BNO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MYCJ

MYCJ Risk / Return Rank: 46
MYCJ Sharpe Ratio Rank: 48
MYCJ Sortino Ratio Rank: 48
MYCJ Omega Ratio Rank: 45
MYCJ Calmar Ratio Rank: 45
MYCJ Martin Ratio Rank: 43

BNO

BNO Risk / Return Rank: 52
BNO Sharpe Ratio Rank: 55
BNO Sortino Ratio Rank: 55
BNO Omega Ratio Rank: 55
BNO Calmar Ratio Rank: 47
BNO Martin Ratio Rank: 45

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MYCJ vs. BNO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street My2030 Corporate Bond ETF (MYCJ) 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.

	MYCJ	BNO	Difference
Sharpe ratio: Return per unit of total volatility	1.19	1.32	-0.12
Sortino ratio: Return per unit of downside risk	1.76	1.90	-0.14
Omega ratio: Gain probability vs. loss probability	1.21	1.24	-0.03
Calmar ratio: Return relative to maximum drawdown	1.63	1.70	-0.07
Martin ratio: Return relative to average drawdown	4.83	5.15	-0.32

MYCJ vs. BNO - Sharpe Ratio Comparison

The current MYCJ Sharpe Ratio is 1.19, which is comparable to the BNO Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of MYCJ and BNO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MYCJ vs. BNO - Drawdown Comparison

The maximum MYCJ drawdown since its inception was -3.29%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for MYCJ and BNO.

Drawdown Indicators

	MYCJ	BNO	Difference
Max Drawdown Largest peak-to-trough decline	-3.29%	-87.06%	+83.77%
Max Drawdown (1Y) Largest decline over 1 year	-2.02%	-34.46%	+32.44%
Max Drawdown (3Y) Largest decline over 3 years	—	-34.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-75.18%	—
Current Drawdown Current decline from peak	-1.13%	-16.21%	+15.08%
Average Drawdown Average peak-to-trough decline	-0.76%	-39.99%	+39.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.68%	11.86%	-11.18%

Volatility

MYCJ vs. BNO - Volatility Comparison

The current volatility for State Street My2030 Corporate Bond ETF (MYCJ) is 0.73%, while United States Brent Oil Fund LP (BNO) has a volatility of 17.47%. This indicates that MYCJ 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.

Volatility by Period

	MYCJ	BNO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.73%	17.47%	-16.74%
Volatility (6M) Calculated over the trailing 6-month period	2.17%	40.96%	-38.79%
Volatility (1Y) Calculated over the trailing 1-year period	2.75%	44.54%	-41.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.59%	36.41%	-32.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.59%	36.98%	-33.39%

MYCJ vs. BNO - Expense Ratio Comparison

MYCJ has a 0.15% expense ratio, which is lower than BNO's 1.00% expense ratio.

Dividends

MYCJ vs. BNO - Dividend Comparison

MYCJ's dividend yield for the trailing twelve months is around 4.66%, while BNO has not paid dividends to shareholders.

Position	TTM	2025	2024
BNO United States Brent Oil Fund LP	0.00%	0.00%	0.00%
MYCJ State Street My2030 Corporate Bond ETF	4.24%	4.68%	1.21%

Frequently Asked Questions

Can I hold both MYCJ and BNO in my portfolio?

MYCJ and BNO have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MYCJ or BNO?

BNO has higher volatility (17.47%) compared to MYCJ (0.73%). In terms of maximum drawdown, MYCJ dropped -3.29% vs BNO's -87.06%.

Which ETF is better, MYCJ or BNO?

On 1-year performance, BNO leads with 62.83% vs 2.51% for MYCJ. On fees, MYCJ is cheaper at 0.15% per year. On volatility, MYCJ has been the lower-risk option at 0.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MYCJ or BNO?

Over the 1-year period, BNO has performed better with a 62.83% return vs 2.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MYCJ or BNO?

MYCJ is cheaper with a 0.15% expense ratio, compared with 1.00% for BNO.

Which ETF pays a higher dividend yield, MYCJ or BNO?

MYCJ has the higher dividend yield at 4.24%, compared with 0.00% for BNO.

What is the main difference between MYCJ and BNO?

MYCJ is categorized as Corporate Bonds, while BNO is Oil & Gas. They also come from different issuers: State Street and USCF. Their fees differ too: 0.15% for MYCJ and 1.00% for BNO.

Which has better risk-adjusted returns?

BNO currently has the higher Sharpe Ratio (1.32 vs 1.19), 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.