QQMG vs. BNO
QQMG (Invesco ESG NASDAQ 100 ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - QQMG is a Nasdaq-100 fund tracking the Nasdaq-100 ESG Total Return Index, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. Both are passively managed. Over the past 3 years, QQMG returned 29.63%/yr vs 27.93%/yr for BNO. At a 0.02 correlation, their price movements are largely independent. QQMG charges 0.20%/yr vs 0.90%/yr for BNO.
Performance
QQMG vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, QQMG achieves a 21.86% return, which is significantly lower than BNO's 90.47% return.
QQMG
- 1D
- -0.41%
- 1M
- 11.51%
- YTD
- 21.86%
- 6M
- 20.50%
- 1Y
- 44.32%
- 3Y*
- 29.63%
- 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%
QQMG vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QQMG Invesco ESG NASDAQ 100 ETF | 21.86% | 22.16% | 25.66% | 55.00% | -31.56% | 5.01% |
BNO United States Brent Oil Fund LP | 90.47% | -5.44% | 9.67% | -3.43% | 35.25% | -6.23% |
Correlation
The correlation between QQMG and BNO is -0.27, 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 | -0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2021 | 0.02 |
The correlation between QQMG and BNO shifts across timeframes, from -0.27 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QQMG vs. BNO — Risk / Return Rank
QQMG
BNO
QQMG vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco ESG NASDAQ 100 ETF (QQMG) 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.
| QQMG | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.38 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 5.17 | -1.65 |
| Martin ratioReturn relative to average drawdown | 13.08 | 9.76 | +3.32 |
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
| QQMG | BNO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.66 | 2.23 | +0.43 |
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 | 0.74 | 0.14 | +0.60 |
Drawdowns
QQMG vs. BNO - Drawdown Comparison
The maximum QQMG drawdown since its inception was -35.43%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for QQMG and BNO.
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Drawdown Indicators
| QQMG | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.43% | -87.06% | +51.63% |
Max Drawdown (1Y)Largest decline over 1 year | -12.67% | -17.87% | +5.20% |
Max Drawdown (3Y)Largest decline over 3 years | -22.79% | -23.75% | +0.96% |
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 | -0.41% | -10.29% | +9.88% |
Average DrawdownAverage peak-to-trough decline | -9.61% | -40.17% | +30.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 9.45% | -6.05% |
Volatility
QQMG vs. BNO - Volatility Comparison
The current volatility for Invesco ESG NASDAQ 100 ETF (QQMG) is 4.76%, while United States Brent Oil Fund LP (BNO) has a volatility of 14.22%. This indicates that QQMG 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
| QQMG | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 14.22% | -9.46% |
Volatility (6M)Calculated over the trailing 6-month period | 12.90% | 36.10% | -23.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.77% | 41.46% | -24.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.60% | 35.38% | -11.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.60% | 36.68% | -13.08% |
QQMG vs. BNO - Expense Ratio Comparison
QQMG has a 0.20% expense ratio, which is lower than BNO's 0.90% expense ratio.
Dividends
QQMG vs. BNO - Dividend Comparison
QQMG's dividend yield for the trailing twelve months is around 0.34%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BNO United States Brent Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQMG Invesco ESG NASDAQ 100 ETF | 0.34% | 0.41% | 0.50% | 0.60% | 0.82% | 0.08% |
Frequently Asked Questions
QQMG and BNO have a correlation of -0.27, 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 QQMG (4.76%). In terms of maximum drawdown, QQMG dropped -35.43% vs BNO's -87.06%.
On 3-year performance, QQMG leads with 29.63% vs 27.93% for BNO. On fees, QQMG is cheaper at 0.20% per year. On volatility, QQMG has been the lower-risk option at 4.76%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, QQMG has performed better with a 29.63% return vs 27.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQMG is cheaper with a 0.20% expense ratio, compared with 0.90% for BNO.
QQMG has the higher dividend yield at 0.34%, compared with 0.00% for BNO.
QQMG is categorized as Nasdaq-100, while BNO is Oil & Gas. QQMG tracks Nasdaq-100 ESG Total Return Index, while BNO tracks Front Month Brent Crude Oil. They also come from different issuers: Invesco and Concierge Technologies. Their fees differ too: 0.20% for QQMG and 0.90% for BNO.
QQMG currently has the higher Sharpe Ratio (2.66 vs 2.23), 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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