RGYY vs. BNO

Last updated Aug 2, 2026

RGYY (GraniteShares YieldBOOST RGTI ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - RGYY is a Derivative Income fund actively managed by GraniteShares, while BNO is a Oil & Gas fund tracking the Crude Oil Brent ICE Near Term Futures. RGYY is actively managed, while BNO is passively managed. Their -0.13 correlation means they have often moved in opposite directions in the past. RGYY charges 1.07%/yr vs 1.00%/yr for BNO.

Performance

RGYY vs. BNO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST RGTI ETF (RGYY) 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, RGYY achieves a -32.02% return, which is significantly lower than BNO's 77.90% return.

RGYY

• 1D: 0.67%
• 1M: -5.32%
• 6M: -25.47%
• YTD: -32.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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
RGYY GraniteShares YieldBOOST RGTI ETF	$182.44K	$182.78K	$152.25K

RGYY vs. BNO - Yearly Performance Comparison

	2026 (YTD)	2025
RGYY GraniteShares YieldBOOST RGTI ETF	-32.02%	-11.14%
BNO United States Brent Oil Fund LP	77.90%	-2.28%

Correlation

The correlation between RGYY and BNO is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025	-0.13

Return for Risk

RGYY vs. BNO — Risk / Return Rank

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

RGYY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

RGYY vs. BNO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST RGTI ETF (RGYY) 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.

	RGYY	BNO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.32	—
Sortino ratio: Return per unit of downside risk	—	1.90	—
Omega ratio: Gain probability vs. loss probability	—	1.24	—
Calmar ratio: Return relative to maximum drawdown	—	1.70	—
Martin ratio: Return relative to average drawdown	—	5.15	—

Drawdowns

RGYY vs. BNO - Drawdown Comparison

The maximum RGYY drawdown since its inception was -41.66%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for RGYY and BNO.

Drawdown Indicators

	RGYY	BNO	Difference
Max Drawdown Largest peak-to-trough decline	-41.66%	-87.06%	+45.40%
Max Drawdown (1Y) Largest decline over 1 year	—	-34.46%	—
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	-40.24%	-16.21%	-24.03%
Average Drawdown Average peak-to-trough decline	-26.35%	-39.99%	+13.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.86%	—

Volatility

Volatility by Period

	RGYY	BNO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	40.96%	—
Volatility (1Y) Calculated over the trailing 1-year period	29.92%	44.54%	-14.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.92%	36.41%	-6.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.92%	36.98%	-7.06%

RGYY vs. BNO - Expense Ratio Comparison

RGYY has a 1.07% expense ratio, which is higher than BNO's 1.00% expense ratio.

Dividends

RGYY vs. BNO - Dividend Comparison

RGYY's dividend yield for the trailing twelve months is around 159.78%, while BNO has not paid dividends to shareholders.

Position	TTM	2025
BNO United States Brent Oil Fund LP	0.00%	0.00%
RGYY GraniteShares YieldBOOST RGTI ETF	159.78%	15.50%

Frequently Asked Questions

Can I hold both RGYY and BNO in my portfolio?

RGYY and BNO have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RGYY or BNO?

On fees, BNO is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RGYY or BNO?

BNO is cheaper with a 1.00% expense ratio, compared with 1.07% for RGYY.

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

RGYY has the higher dividend yield at 159.78%, compared with 0.00% for BNO.

What is the main difference between RGYY and BNO?

RGYY is categorized as Derivative Income, while BNO is Oil & Gas. They also come from different issuers: GraniteShares and USCF. Their fees differ too: 1.07% for RGYY and 1.00% for BNO.