PSCD vs. BNO
PSCD (Invesco S&P SmallCap Consumer Discretionary ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - PSCD is a Consumer Discretionary Equities fund tracking the S&P Small Cap 600 / Consumer Discretionary -SEC, while BNO is a Oil & Gas fund tracking the Crude Oil Brent ICE Near Term Futures. Both are passively managed. Over the past 10 years, PSCD returned 10.31%/yr vs 15.06%/yr for BNO. Their 0.17 correlation means their historical movements had little consistent relationship. PSCD charges 0.29%/yr vs 1.00%/yr for BNO.
Performance
PSCD vs. BNO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PSCD achieves a 13.01% return, which is significantly lower than BNO's 77.90% return. Over the past 10 years, PSCD has underperformed BNO with an annualized return of 10.31%, while BNO has yielded a comparatively higher 15.06% annualized return.
PSCD
- 1D
- -1.01%
- 1M
- -0.20%
- 6M
- 8.46%
- YTD
- 13.01%
- 1Y
- 19.09%
- 3Y*
- 8.35%
- 5Y*
- 2.08%
- 10Y*
- 10.31%
- ALL TIME*
- 10.81%
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 | |
| $37.38K | $43.87K | $67.57K |
PSCD vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSCD Invesco S&P SmallCap Consumer Discretionary ETF | 13.01% | -2.87% | 6.46% | 33.23% | -28.06% | 37.34% | 29.07% | 17.49% | -9.28% | 18.16% |
BNO United States Brent Oil Fund LP | 77.90% | -5.44% | 9.67% | -3.43% | 35.25% | 62.34% | -38.23% | 36.01% | -15.30% | 15.43% |
Correlation
The correlation between PSCD and BNO is -0.33, 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. | -0.33 |
Correlation (3Y) Balances recent behavior with more history. | -0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.04 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2010 | 0.17 |
The correlation between PSCD and BNO shifts across timeframes, from -0.33 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PSCD vs. BNO — Risk / Return Rank
PSCD
BNO
PSCD vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) 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.
| PSCD | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.24 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 1.70 | -0.62 |
| Martin ratioReturn relative to average drawdown | 2.67 | 5.15 | -2.48 |
Loading charts...
Drawdowns
PSCD vs. BNO - Drawdown Comparison
The maximum PSCD drawdown since its inception was -56.57%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for PSCD and BNO.
Loading charts...
Drawdown Indicators
| PSCD | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.57% | -87.06% | +30.49% |
Max Drawdown (1Y)Largest decline over 1 year | -17.14% | -34.46% | +17.32% |
Max Drawdown (3Y)Largest decline over 3 years | -31.93% | -34.46% | +2.53% |
Max Drawdown (5Y)Largest decline over 5 years | -40.03% | -34.46% | -5.57% |
Max Drawdown (10Y)Largest decline over 10 years | -56.57% | -75.18% | +18.61% |
Current DrawdownCurrent decline from peak | -3.41% | -16.21% | +12.80% |
Average DrawdownAverage peak-to-trough decline | -11.25% | -39.99% | +28.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.87% | 11.86% | -4.99% |
Volatility
PSCD vs. BNO - Volatility Comparison
The current volatility for Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) is 6.09%, while United States Brent Oil Fund LP (BNO) has a volatility of 17.47%. This indicates that PSCD 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.
Loading charts...
Volatility by Period
| PSCD | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.09% | 17.47% | -11.38% |
Volatility (6M)Calculated over the trailing 6-month period | 16.85% | 40.96% | -24.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.13% | 44.54% | -20.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.66% | 36.41% | -8.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.10% | 36.98% | -7.88% |
PSCD vs. BNO - Expense Ratio Comparison
PSCD has a 0.29% expense ratio, which is lower than BNO's 1.00% expense ratio.
Dividends
PSCD vs. BNO - Dividend Comparison
PSCD's dividend yield for the trailing twelve months is around 0.99%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNO United States Brent Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSCD Invesco S&P SmallCap Consumer Discretionary ETF | 0.99% | 0.94% | 1.28% | 1.09% | 1.60% | 0.57% | 0.56% | 0.91% | 1.39% | 0.97% | 1.07% | 1.10% |
Frequently Asked Questions
PSCD and BNO have a correlation of -0.33, 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 PSCD (6.09%). In terms of maximum drawdown, PSCD dropped -56.57% vs BNO's -87.06%.
On 10-year performance, BNO leads with 15.06% vs 10.31% for PSCD. On fees, PSCD is cheaper at 0.29% per year. On volatility, PSCD has been the lower-risk option at 6.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, BNO has performed better with a 15.06% return vs 10.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSCD is cheaper with a 0.29% expense ratio, compared with 1.00% for BNO.
PSCD has the higher dividend yield at 0.99%, compared with 0.00% for BNO.
PSCD is categorized as Consumer Discretionary Equities, while BNO is Oil & Gas. PSCD tracks S&P Small Cap 600 / Consumer Discretionary -SEC, while BNO tracks Crude Oil Brent ICE Near Term Futures. They also come from different issuers: Invesco and USCF. Their fees differ too: 0.29% for PSCD and 1.00% for BNO.
BNO currently has the higher Sharpe Ratio (1.32 vs 0.77), 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.
Find the right allocation for PSCD and BNO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer