SURE vs. BNO
SURE (AdvisorShares Insider Advantage ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - SURE is a Large Cap Value Equities fund actively managed by AdvisorShares, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. SURE is actively managed, while BNO is passively managed. Over the past 10 years, SURE returned 11.02%/yr vs 13.60%/yr for BNO. At a 0.26 correlation, their price movements are largely independent. Both charge a 0.90% expense ratio.
Performance
SURE vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, SURE achieves a 12.47% return, which is significantly lower than BNO's 90.47% return. Over the past 10 years, SURE has underperformed BNO with an annualized return of 11.02%, while BNO has yielded a comparatively higher 13.60% annualized return.
SURE
- 1D
- 0.43%
- 1M
- 4.47%
- YTD
- 12.47%
- 6M
- 15.19%
- 1Y
- 27.10%
- 3Y*
- 17.99%
- 5Y*
- 9.29%
- 10Y*
- 11.02%
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%
SURE vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SURE AdvisorShares Insider Advantage ETF | 12.47% | 10.58% | 12.17% | 23.30% | -11.24% | 23.87% | 8.76% | 28.89% | -17.03% | 13.16% |
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 SURE and BNO is -0.19, 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 | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2011 | 0.26 |
The correlation between SURE and BNO shifts across timeframes, from -0.19 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SURE vs. BNO — Risk / Return Rank
SURE
BNO
SURE vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Insider Advantage ETF (SURE) 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.
| SURE | BNO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.12 | 2.23 | -0.11 |
Sortino ratioReturn per unit of downside risk | 3.11 | 2.73 | +0.38 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.38 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 3.82 | 5.17 | -1.35 |
Martin ratioReturn relative to average drawdown | 14.19 | 9.76 | +4.43 |
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
| SURE | BNO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 2.23 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.69 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.37 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.14 | +0.65 |
Drawdowns
SURE vs. BNO - Drawdown Comparison
The maximum SURE drawdown since its inception was -35.68%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for SURE and BNO.
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Drawdown Indicators
| SURE | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.68% | -87.06% | +51.38% |
Max Drawdown (1Y)Largest decline over 1 year | -7.10% | -17.87% | +10.77% |
Max Drawdown (3Y)Largest decline over 3 years | -21.54% | -23.75% | +2.21% |
Max Drawdown (5Y)Largest decline over 5 years | -23.75% | -33.70% | +9.95% |
Max Drawdown (10Y)Largest decline over 10 years | -35.68% | -75.18% | +39.50% |
Current DrawdownCurrent decline from peak | 0.00% | -10.29% | +10.29% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -40.17% | +35.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 9.45% | -7.54% |
Volatility
SURE vs. BNO - Volatility Comparison
The current volatility for AdvisorShares Insider Advantage ETF (SURE) is 3.84%, while United States Brent Oil Fund LP (BNO) has a volatility of 14.22%. This indicates that SURE 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
| SURE | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 14.22% | -10.38% |
Volatility (6M)Calculated over the trailing 6-month period | 9.37% | 36.10% | -26.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.83% | 41.46% | -28.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 35.38% | -18.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.58% | 36.68% | -19.10% |
SURE vs. BNO - Expense Ratio Comparison
Both SURE and BNO have an expense ratio of 0.90%.
Dividends
SURE vs. BNO - Dividend Comparison
SURE's dividend yield for the trailing twelve months is around 0.90%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SURE AdvisorShares Insider Advantage ETF | 0.90% | 1.01% | 0.68% | 1.11% | 1.72% | 1.08% | 1.28% | 1.09% | 1.26% | 0.65% | 1.14% | 0.77% |
Frequently Asked Questions
SURE and BNO have a correlation of -0.19, 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 SURE (3.84%). In terms of maximum drawdown, SURE dropped -35.68% vs BNO's -87.06%.
On 10-year performance, BNO leads with 13.60% vs 11.02% for SURE. Both ETFs have the same 0.90% expense ratio. On volatility, SURE has been the lower-risk option at 3.84%. 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 13.60% return vs 11.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SURE and BNO have the same expense ratio: 0.90% per year.
SURE has the higher dividend yield at 0.90%, compared with 0.00% for BNO.
SURE is categorized as Large Cap Value Equities, while BNO is Oil & Gas. They also come from different issuers: AdvisorShares and Concierge Technologies.
BNO currently has the higher Sharpe Ratio (2.23 vs 2.12), 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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