STOT vs. BNO
STOT (State Street DoubleLine Short Duration Total Return Tactical ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - STOT is a Short-Term Bond fund tracking the Bloomberg U.S. Aggregate 1-3 Year Index, while BNO is a Oil & Gas fund tracking the Crude Oil Brent ICE Near Term Futures. Both are passively managed. Over the past 10 years, STOT returned 2.38%/yr vs 15.06%/yr for BNO. Their -0.09 correlation means they have often moved in opposite directions in the past. STOT charges 0.45%/yr vs 1.00%/yr for BNO.
Performance
STOT vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, STOT achieves a 1.31% return, which is significantly lower than BNO's 77.90% return. Over the past 10 years, STOT has underperformed BNO with an annualized return of 2.38%, while BNO has yielded a comparatively higher 15.06% annualized return.
STOT
- 1D
- -0.02%
- 1M
- -0.01%
- 6M
- 0.95%
- YTD
- 1.31%
- 1Y
- 3.42%
- 3Y*
- 5.09%
- 5Y*
- 2.80%
- 10Y*
- 2.38%
- ALL TIME*
- 2.43%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $107.13M | $97.34M | $147.52M | |
| $3.99M | $3.46M | $3.76M |
STOT vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STOT State Street DoubleLine Short Duration Total Return Tactical ETF | 1.31% | 5.56% | 5.26% | 6.39% | -3.75% | 0.27% | 2.43% | 4.40% | 0.95% | 1.71% |
BNO United States Brent Oil Fund LP | 77.90% | -5.44% | 9.67% | -3.43% | 35.25% | 62.34% | -38.23% | 36.01% | -15.30% | 15.43% |
Correlation
The correlation between STOT and BNO is -0.27, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.27 |
Correlation (3Y) Balances recent behavior with more history. | -0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.11 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2016 | -0.09 |
The correlation between STOT and BNO shifts across timeframes, from -0.27 (1 year) to -0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
STOT vs. BNO — Risk / Return Rank
STOT
BNO
STOT vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street DoubleLine Short Duration Total Return Tactical ETF (STOT) 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.
| STOT | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.94 | ||
| Sortino ratioReturn per unit of downside risk | +3.07 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.24 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 4.84 | 1.70 | +3.14 |
| Martin ratioReturn relative to average drawdown | 20.60 | 5.15 | +15.45 |
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Drawdowns
STOT vs. BNO - Drawdown Comparison
The maximum STOT drawdown since its inception was -6.07%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for STOT and BNO.
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Drawdown Indicators
| STOT | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.07% | -87.06% | +80.99% |
Max Drawdown (1Y)Largest decline over 1 year | -0.76% | -34.46% | +33.70% |
Max Drawdown (3Y)Largest decline over 3 years | -0.76% | -34.46% | +33.70% |
Max Drawdown (5Y)Largest decline over 5 years | -6.00% | -34.46% | +28.46% |
Max Drawdown (10Y)Largest decline over 10 years | -6.07% | -75.18% | +69.11% |
Current DrawdownCurrent decline from peak | -0.10% | -16.21% | +16.11% |
Average DrawdownAverage peak-to-trough decline | -0.83% | -39.99% | +39.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.18% | 11.86% | -11.68% |
Volatility
STOT vs. BNO - Volatility Comparison
The current volatility for State Street DoubleLine Short Duration Total Return Tactical ETF (STOT) is 0.30%, while United States Brent Oil Fund LP (BNO) has a volatility of 17.47%. This indicates that STOT 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
| STOT | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.30% | 17.47% | -17.17% |
Volatility (6M)Calculated over the trailing 6-month period | 0.89% | 40.96% | -40.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.14% | 44.54% | -43.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.73% | 36.41% | -34.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.20% | 36.98% | -34.78% |
STOT vs. BNO - Expense Ratio Comparison
STOT has a 0.45% expense ratio, which is lower than BNO's 1.00% expense ratio.
Dividends
STOT vs. BNO - Dividend Comparison
STOT's dividend yield for the trailing twelve months is around 4.42%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
STOT State Street DoubleLine Short Duration Total Return Tactical ETF | 4.06% | 4.52% | 5.10% | 4.53% | 2.54% | 1.76% | 1.66% | 2.61% | 2.50% | 1.95% | 2.08% |
Frequently Asked Questions
STOT 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 (17.47%) compared to STOT (0.30%). In terms of maximum drawdown, STOT dropped -6.07% vs BNO's -87.06%.
On 10-year performance, BNO leads with 15.06% vs 2.38% for STOT. On fees, STOT is cheaper at 0.45% per year. On volatility, STOT has been the lower-risk option at 0.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, BNO has performed better with a 15.06% return vs 2.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
STOT is cheaper with a 0.45% expense ratio, compared with 1.00% for BNO.
STOT has the higher dividend yield at 4.06%, compared with 0.00% for BNO.
STOT is categorized as Short-Term Bond, while BNO is Oil & Gas. STOT tracks Bloomberg U.S. Aggregate 1-3 Year Index, while BNO tracks Crude Oil Brent ICE Near Term Futures. They also come from different issuers: State Street and USCF. Their fees differ too: 0.45% for STOT and 1.00% for BNO.
STOT currently has the higher Sharpe Ratio (3.25 vs 1.32), 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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