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 Crude Oil Brent ICE Near Term Futures. Both are passively managed. Over the past 3 years, ODDS returned 6.71%/yr vs 20.31%/yr for BNO. Their 0.05 correlation means their historical movements had little consistent relationship. ODDS charges 0.63%/yr vs 1.00%/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 -13.44% return, which is significantly lower than BNO's 77.90% return.
ODDS
- 1D
- -1.82%
- 1M
- 1.72%
- 6M
- -3.96%
- YTD
- -13.44%
- 1Y
- -21.30%
- 3Y*
- 6.71%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.54%
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 | |
| $13.95K | $16.12K | $15.11K |
ODDS vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ODDS Pacer BlueStar Digital Entertainment ETF | -13.44% | 16.71% | 27.61% | 25.03% | -15.18% |
BNO United States Brent Oil Fund LP | 77.90% | -5.44% | 9.67% | -3.43% | -3.18% |
Correlation
The correlation between ODDS and BNO is -0.19, 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. | -0.19 |
Correlation (3Y) Balances recent behavior with more history. | -0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2022 | 0.05 |
The correlation between ODDS and BNO shifts across timeframes, from -0.19 (1 year) to 0.05 (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.
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.
| ODDS | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.36 | ||
| Sortino ratioReturn per unit of downside risk | -3.31 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.24 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | 1.70 | -2.34 |
| Martin ratioReturn relative to average drawdown | -0.98 | 5.15 | -6.13 |
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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% | -34.46% | -0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -35.09% | -34.46% | -0.63% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.18% | — |
Current DrawdownCurrent decline from peak | -27.81% | -16.21% | -11.60% |
Average DrawdownAverage peak-to-trough decline | -9.89% | -39.99% | +30.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.94% | 11.86% | +11.08% |
Volatility
ODDS vs. BNO - Volatility Comparison
The current volatility for Pacer BlueStar Digital Entertainment ETF (ODDS) is 6.06%, while United States Brent Oil Fund LP (BNO) has a volatility of 17.47%. 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 | 6.06% | 17.47% | -11.41% |
Volatility (6M)Calculated over the trailing 6-month period | 17.74% | 40.96% | -23.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.48% | 44.54% | -23.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.84% | 36.41% | -11.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.84% | 36.98% | -12.14% |
ODDS vs. BNO - Expense Ratio Comparison
ODDS has a 0.63% expense ratio, which is lower than BNO's 1.00% expense ratio.
Dividends
ODDS vs. BNO - Dividend Comparison
ODDS's dividend yield for the trailing twelve months is around 0.71%, 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 | 0.71% | 2.59% | 0.56% | 0.66% | 0.42% |
Frequently Asked Questions
ODDS and BNO have a correlation of -0.19, 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 ODDS (6.06%). In terms of maximum drawdown, ODDS dropped -35.09% vs BNO's -87.06%.
On 3-year performance, BNO leads with 20.31% vs 6.71% for ODDS. On fees, ODDS is cheaper at 0.63% per year. On volatility, ODDS has been the lower-risk option at 6.06%. 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 20.31% return vs 6.71%. 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 1.00% for BNO.
ODDS has the higher dividend yield at 0.71%, 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 Crude Oil Brent ICE Near Term Futures. They also come from different issuers: Pacer and USCF. Their fees differ too: 0.63% for ODDS and 1.00% for BNO.
BNO currently has the higher Sharpe Ratio (1.32 vs -1.05), 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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