ROCQ vs. BNO

Last updated Jun 4, 2026

ROCQ (JPMorgan Nasdaq Equity Premium Yield ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - ROCQ is a Nasdaq-100 fund actively managed by JPMorgan, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. ROCQ is actively managed, while BNO is passively managed. At a correlation of -0.70, they often move in opposite directions. ROCQ charges 0.35%/yr vs 0.90%/yr for BNO.

Performance

ROCQ vs. BNO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Nasdaq Equity Premium Yield ETF (ROCQ) and United States Brent Oil Fund LP (BNO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ROCQ

• 1D: -0.12%
• 1M: 6.49%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 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%

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

ROCQ vs. BNO - Yearly Performance Comparison

	2026 (YTD)
ROCQ JPMorgan Nasdaq Equity Premium Yield ETF	17.62%
BNO United States Brent Oil Fund LP	5.48%

Correlation

The correlation between ROCQ and BNO is -0.70, 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 (All Time) Calculated using the full available price history since Mar 20, 2026	-0.70

Return for Risk

ROCQ vs. BNO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BNO

BNO Risk / Return Rank: 65
BNO Sharpe Ratio Rank: 66
BNO Sortino Ratio Rank: 56
BNO Omega Ratio Rank: 60
BNO Calmar Ratio Rank: 88
BNO Martin Ratio Rank: 55

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.

ROCQ vs. BNO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Yield ETF (ROCQ) 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.

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

Sharpe Ratios by Period

	ROCQ	BNO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.23	—
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	7.49	0.14	+7.35

Drawdowns

ROCQ vs. BNO - Drawdown Comparison

The maximum ROCQ drawdown since its inception was -5.15%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for ROCQ and BNO.

Drawdown Indicators

	ROCQ	BNO	Difference
Max Drawdown Largest peak-to-trough decline	-5.15%	-87.06%	+81.91%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.87%	—
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 Drawdown Current decline from peak	-0.33%	-10.29%	+9.96%
Average Drawdown Average peak-to-trough decline	-0.66%	-40.17%	+39.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.45%	—

Volatility

Volatility by Period

	ROCQ	BNO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	36.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.13%	41.46%	-25.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.13%	35.38%	-19.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.13%	36.68%	-20.55%

ROCQ vs. BNO - Expense Ratio Comparison

ROCQ has a 0.35% expense ratio, which is lower than BNO's 0.90% expense ratio.

Dividends

ROCQ vs. BNO - Dividend Comparison

ROCQ's dividend yield for the trailing twelve months is around 2.02%, while BNO has not paid dividends to shareholders.

Position	TTM
BNO United States Brent Oil Fund LP	0.00%
ROCQ JPMorgan Nasdaq Equity Premium Yield ETF	2.02%

Frequently Asked Questions

Can I hold both ROCQ and BNO in my portfolio?

ROCQ and BNO have a correlation of -0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ROCQ or BNO?

On fees, ROCQ is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ROCQ or BNO?

ROCQ is cheaper with a 0.35% expense ratio, compared with 0.90% for BNO.

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

ROCQ has the higher dividend yield at 2.02%, compared with 0.00% for BNO.

What is the main difference between ROCQ and BNO?

ROCQ is categorized as Nasdaq-100, while BNO is Oil & Gas. They also come from different issuers: JPMorgan and Concierge Technologies. Their fees differ too: 0.35% for ROCQ and 0.90% for BNO.