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ROBO vs. BNO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ROBO vs. BNO

Last updated Jun 4, 2026

ROBO (ROBO Global Robotics & Automation Index ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - ROBO is a Robotics fund tracking the ROBO Global Robotics and Automation TR Index, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. Both are passively managed. Over the past 10 years, ROBO returned 13.65%/yr vs 13.60%/yr for BNO. At a 0.20 correlation, their price movements are largely independent. ROBO charges 0.95%/yr vs 0.90%/yr for BNO.

Performance

ROBO vs. BNO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ROBO Global Robotics & Automation Index ETF (ROBO) and United States Brent Oil Fund LP (BNO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ROBO achieves a 29.33% return, which is significantly lower than BNO's 90.47% return. Both investments have delivered pretty close results over the past 10 years, with ROBO having a 13.65% annualized return and BNO not far behind at 13.60%.

ROBO

1D
-0.77%
1M
10.56%
YTD
29.33%
6M
30.40%
1Y
59.43%
3Y*
17.13%
5Y*
7.13%
10Y*
13.65%

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ROBO vs. BNO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ROBO
ROBO Global Robotics & Automation Index ETF		29.33%23.71%-1.28%23.74%-33.92%15.34%45.26%29.51%-20.92%44.26%
BNO
United States Brent Oil Fund LP		90.47%-5.44%9.67%-3.43%35.25%62.34%-38.23%36.01%-15.30%15.43%

Correlation

The correlation between ROBO and BNO is -0.31, 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

-0.31

Correlation (3Y)
Calculated over the trailing 3-year period

-0.04

Correlation (5Y)
Calculated over the trailing 5-year period

0.07

Correlation (10Y)
Calculated over the trailing 10-year period

0.18

Correlation (All Time)
Calculated using the full available price history since Oct 23, 2013

0.20

The correlation between ROBO and BNO shifts across timeframes, from -0.31 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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ROBO Global Robotics & Automation Index ETF

United States Brent Oil Fund LP

Often compared with ROBO:
ROBO vs. BOTZROBO vs. IRBOROBO vs. ROBTROBO vs. ARKQROBO vs. THNQROBO vs. AIQROBO vs. IBOT
Often compared with BNO:
BNO vs. USOBNO vs. XLEBNO vs. USLBNO vs. BOILBNO vs. UNGBNO vs. UCOBNO vs. XOM

Return for Risk

ROBO vs. BNO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ROBO
ROBO Risk / Return Rank: 7272
Overall Rank
ROBO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
ROBO Sortino Ratio Rank: 7474
Sortino Ratio Rank
ROBO Omega Ratio Rank: 7070
Omega Ratio Rank
ROBO Calmar Ratio Rank: 6868
Calmar Ratio Rank
ROBO Martin Ratio Rank: 7272
Martin Ratio Rank
BNO
BNO Risk / Return Rank: 6565
Overall Rank
BNO Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
BNO Sortino Ratio Rank: 5656
Sortino Ratio Rank
BNO Omega Ratio Rank: 6060
Omega Ratio Rank
BNO Calmar Ratio Rank: 8888
Calmar Ratio Rank
BNO Martin Ratio Rank: 5555
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ROBO vs. BNO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ROBO Global Robotics & Automation Index ETF (ROBO) 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.

ROBOBNODifference
Sharpe ratioReturn per unit of total volatility
2.60
2.23

+0.37

Sortino ratioReturn per unit of downside risk
3.41
2.73

+0.68

Omega ratioGain probability vs. loss probability

1.43

1.38

+0.05

Calmar ratioReturn relative to maximum drawdown

3.44

5.17

-1.73

Martin ratioReturn relative to average drawdown

13.77

9.76

+4.01

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ROBO vs. BNO - Sharpe Ratio Comparison

The current ROBO Sharpe Ratio is 2.60, which is comparable to the BNO Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of ROBO and BNO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

ROBOBNODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.60

2.23

+0.37

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.30

0.69

-0.38

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.59

0.37

+0.22

Sharpe Ratio (All Time)

Calculated using the full available price history

0.50

0.14

+0.36

Drawdowns

ROBO vs. BNO - Drawdown Comparison

The maximum ROBO drawdown since its inception was -43.65%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for ROBO and BNO.

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Drawdown Indicators

ROBOBNODifference

Max Drawdown

Largest peak-to-trough decline

-43.65%

-87.06%

+43.41%

Max Drawdown (1Y)

Largest decline over 1 year

-17.35%

-17.87%

+0.52%

Max Drawdown (3Y)

Largest decline over 3 years

-27.92%

-23.75%

-4.17%

Max Drawdown (5Y)

Largest decline over 5 years

-43.65%

-33.70%

-9.95%

Max Drawdown (10Y)

Largest decline over 10 years

-43.65%

-75.18%

+31.53%

Current Drawdown

Current decline from peak

-0.77%

-10.29%

+9.52%

Average Drawdown

Average peak-to-trough decline

-12.93%

-40.17%

+27.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.33%

9.45%

-5.12%

Volatility

ROBO vs. BNO - Volatility Comparison

The current volatility for ROBO Global Robotics & Automation Index ETF (ROBO) is 7.64%, while United States Brent Oil Fund LP (BNO) has a volatility of 14.22%. This indicates that ROBO 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

ROBOBNODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.64%

14.22%

-6.58%

Volatility (6M)

Calculated over the trailing 6-month period

18.06%

36.10%

-18.04%

Volatility (1Y)

Calculated over the trailing 1-year period

23.01%

41.46%

-18.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.63%

35.38%

-11.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.16%

36.68%

-13.52%

ROBO vs. BNO - Expense Ratio Comparison

ROBO has a 0.95% expense ratio, which is higher than BNO's 0.90% expense ratio.

Dividends

ROBO vs. BNO - Dividend Comparison

ROBO's dividend yield for the trailing twelve months is around 0.33%, while BNO has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
ROBO
ROBO Global Robotics & Automation Index ETF		0.33%0.42%0.55%0.05%0.00%0.18%0.20%0.37%0.37%0.02%0.19%0.28%

Frequently Asked Questions

ROBO and BNO have a correlation of -0.31, 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 ROBO (7.64%). In terms of maximum drawdown, ROBO dropped -43.65% vs BNO's -87.06%.

On 10-year performance, ROBO leads with 13.65% vs 13.60% for BNO. On fees, BNO is cheaper at 0.90% per year. On volatility, ROBO has been the lower-risk option at 7.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, ROBO has performed better with a 13.65% return vs 13.60%. 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 0.95% for ROBO.

ROBO has the higher dividend yield at 0.33%, compared with 0.00% for BNO.

ROBO is categorized as Robotics, while BNO is Oil & Gas. ROBO tracks ROBO Global Robotics and Automation TR Index, while BNO tracks Front Month Brent Crude Oil. They also come from different issuers: Exchange Traded Concepts and Concierge Technologies. Their fees differ too: 0.95% for ROBO and 0.90% for BNO.

ROBO currently has the higher Sharpe Ratio (2.60 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.

Portfolio Optimizer

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