ODDS vs. BNO
ODDS (Pacer BlueStar Digital Entertainment ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - ODDS is a Technology Equities fund tracking the BlueStar Global Online Gambling, Video Gaming and eSports Index, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. Both are passively managed. Over the past 3 years, ODDS returned 7.66%/yr vs 27.93%/yr for BNO. At a 0.06 correlation, their price movements are largely independent. ODDS charges 0.63%/yr vs 0.90%/yr for BNO.
Performance
ODDS vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, ODDS achieves a -16.40% return, which is significantly lower than BNO's 90.47% return.
ODDS
- 1D
- -2.39%
- 1M
- -0.02%
- YTD
- -16.40%
- 6M
- -17.80%
- 1Y
- -13.71%
- 3Y*
- 7.66%
- 5Y*
- —
- 10Y*
- —
BNO
- 1D
- 1.99%
- 1M
- -10.29%
- YTD
- 90.47%
- 6M
- 86.00%
- 1Y
- 91.89%
- 3Y*
- 27.93%
- 5Y*
- 24.16%
- 10Y*
- 13.60%
ODDS vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ODDS Pacer BlueStar Digital Entertainment ETF | -16.40% | 16.71% | 27.61% | 25.03% | -14.96% |
BNO United States Brent Oil Fund LP | 90.47% | -5.44% | 9.67% | -3.43% | 0.21% |
Correlation
The correlation between ODDS 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 (All Time) Calculated using the full available price history since Apr 12, 2022 | 0.06 |
The correlation between ODDS and BNO shifts across timeframes, from -0.25 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ODDS vs. BNO — Risk / Return Rank
ODDS
BNO
ODDS vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer BlueStar Digital Entertainment ETF (ODDS) 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.
| ODDS | BNO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.68 | 2.23 | -2.90 |
Sortino ratioReturn per unit of downside risk | -0.82 | 2.73 | -3.55 |
Omega ratioGain probability vs. loss probability | 0.90 | 1.38 | -0.48 |
Calmar ratioReturn relative to maximum drawdown | -0.39 | 5.17 | -5.56 |
Martin ratioReturn relative to average drawdown | -0.69 | 9.76 | -10.45 |
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
| ODDS | BNO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.68 | 2.23 | -2.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.14 | +0.14 |
Drawdowns
ODDS vs. BNO - Drawdown Comparison
The maximum ODDS drawdown since its inception was -35.09%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for ODDS and BNO.
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Drawdown Indicators
| ODDS | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.09% | -87.06% | +51.97% |
Max Drawdown (1Y)Largest decline over 1 year | -35.09% | -17.87% | -17.22% |
Max Drawdown (3Y)Largest decline over 3 years | -35.09% | -23.75% | -11.34% |
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 | -30.27% | -10.29% | -19.98% |
Average DrawdownAverage peak-to-trough decline | -9.16% | -40.17% | +31.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.81% | 9.45% | +10.36% |
Volatility
ODDS vs. BNO - Volatility Comparison
The current volatility for Pacer BlueStar Digital Entertainment ETF (ODDS) is 4.69%, while United States Brent Oil Fund LP (BNO) has a volatility of 14.22%. This indicates that ODDS 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
| ODDS | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 14.22% | -9.53% |
Volatility (6M)Calculated over the trailing 6-month period | 15.74% | 36.10% | -20.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.36% | 41.46% | -21.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.87% | 35.38% | -10.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.87% | 36.68% | -11.81% |
ODDS vs. BNO - Expense Ratio Comparison
ODDS has a 0.63% expense ratio, which is lower than BNO's 0.90% expense ratio.
Dividends
ODDS vs. BNO - Dividend Comparison
ODDS's dividend yield for the trailing twelve months is around 2.91%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BNO United States Brent Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ODDS Pacer BlueStar Digital Entertainment ETF | 2.91% | 2.59% | 0.56% | 0.66% | 0.42% |
Frequently Asked Questions
ODDS 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.
BNO has higher volatility (14.22%) compared to ODDS (4.69%). In terms of maximum drawdown, ODDS dropped -35.09% vs BNO's -87.06%.
On 3-year performance, BNO leads with 27.93% vs 7.66% for ODDS. On fees, ODDS is cheaper at 0.63% per year. On volatility, ODDS has been the lower-risk option at 4.69%. 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 27.93% return vs 7.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ODDS is cheaper with a 0.63% expense ratio, compared with 0.90% for BNO.
ODDS has the higher dividend yield at 2.91%, compared with 0.00% for BNO.
ODDS is categorized as Technology Equities, while BNO is Oil & Gas. ODDS tracks BlueStar Global Online Gambling, Video Gaming and eSports Index, while BNO tracks Front Month Brent Crude Oil. They also come from different issuers: Pacer and Concierge Technologies. Their fees differ too: 0.63% for ODDS and 0.90% for BNO.
BNO currently has the higher Sharpe Ratio (2.23 vs -0.68), 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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