ROBN vs. BNO
ROBN (T-REX 2X Long HOOD Daily Target ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - ROBN is a Leveraged Equities fund actively managed by T-Rex, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. ROBN is actively managed, while BNO is passively managed. Over the past year, ROBN returned -21.67% vs 88.71% for BNO. At a correlation of -0.06, they often move in opposite directions. ROBN charges 1.05%/yr vs 0.90%/yr for BNO.
Performance
ROBN vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, ROBN achieves a -54.82% return, which is significantly lower than BNO's 85.31% return.
ROBN
- 1D
- 13.19%
- 1M
- 23.97%
- YTD
- -54.82%
- 6M
- -70.41%
- 1Y
- -21.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BNO
- 1D
- -2.71%
- 1M
- -9.80%
- YTD
- 85.31%
- 6M
- 79.66%
- 1Y
- 88.71%
- 3Y*
- 26.74%
- 5Y*
- 23.48%
- 10Y*
- 13.13%
ROBN vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ROBN T-REX 2X Long HOOD Daily Target ETF | -54.82% | 134.27% |
BNO United States Brent Oil Fund LP | 85.31% | -9.17% |
Correlation
The correlation between ROBN and BNO is -0.18, 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 | -0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2025 | -0.06 |
The correlation between ROBN and BNO shifts across timeframes, from -0.18 (1 year) to -0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ROBN vs. BNO — Risk / Return Rank
ROBN
BNO
ROBN vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long HOOD Daily Target ETF (ROBN) 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.
| ROBN | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.36 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 4.99 | -5.24 |
| Martin ratioReturn relative to average drawdown | -0.41 | 9.39 | -9.80 |
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
| ROBN | BNO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.16 | 2.15 | -2.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.67 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.14 | -0.11 |
Drawdowns
ROBN vs. BNO - Drawdown Comparison
The maximum ROBN drawdown since its inception was -86.84%, roughly equal to the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for ROBN and BNO.
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Drawdown Indicators
| ROBN | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.84% | -87.06% | +0.22% |
Max Drawdown (1Y)Largest decline over 1 year | -86.84% | -17.87% | -68.97% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.75% | — |
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 | -78.90% | -12.72% | -66.18% |
Average DrawdownAverage peak-to-trough decline | -43.30% | -40.16% | -3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.34% | 9.48% | +43.86% |
Volatility
ROBN vs. BNO - Volatility Comparison
T-REX 2X Long HOOD Daily Target ETF (ROBN) has a higher volatility of 43.14% compared to United States Brent Oil Fund LP (BNO) at 14.12%. This indicates that ROBN's price experiences larger fluctuations and is considered to be riskier 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
| ROBN | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 43.14% | 14.12% | +29.02% |
Volatility (6M)Calculated over the trailing 6-month period | 101.95% | 36.21% | +65.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 138.04% | 41.56% | +96.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 152.52% | 35.40% | +117.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 152.52% | 36.69% | +115.83% |
ROBN vs. BNO - Expense Ratio Comparison
ROBN has a 1.05% expense ratio, which is higher than BNO's 0.90% expense ratio.
Dividends
ROBN vs. BNO - Dividend Comparison
ROBN's dividend yield for the trailing twelve months is around 9.92%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BNO United States Brent Oil Fund LP | 0.00% | 0.00% |
ROBN T-REX 2X Long HOOD Daily Target ETF | 9.92% | 4.48% |
Frequently Asked Questions
ROBN and BNO have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ROBN has higher volatility (43.14%) compared to BNO (14.12%). In terms of maximum drawdown, ROBN dropped -86.84% vs BNO's -87.06%.
On 1-year performance, BNO leads with 88.71% vs -21.67% for ROBN. On fees, BNO is cheaper at 0.90% per year. On volatility, BNO has been the lower-risk option at 14.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BNO has performed better with a 88.71% return vs -21.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BNO is cheaper with a 0.90% expense ratio, compared with 1.05% for ROBN.
ROBN has the higher dividend yield at 9.92%, compared with 0.00% for BNO.
ROBN is categorized as Leveraged Equities, while BNO is Oil & Gas. They also come from different issuers: T-Rex and Concierge Technologies. Their fees differ too: 1.05% for ROBN and 0.90% for BNO.
BNO currently has the higher Sharpe Ratio (2.15 vs -0.16), 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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