TINY vs. BNO
TINY (ProShares Nanotechnology ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - TINY is a Technology Equities fund tracking the Solactive Nanotechnology Index, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. Both are passively managed. Over the past 3 years, TINY returned 30.24%/yr vs 26.74%/yr for BNO. At a 0.05 correlation, their price movements are largely independent. TINY charges 0.58%/yr vs 0.90%/yr for BNO.
Performance
TINY vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, TINY achieves a 55.62% return, which is significantly lower than BNO's 85.31% return.
TINY
- 1D
- -2.60%
- 1M
- 7.29%
- YTD
- 55.62%
- 6M
- 55.41%
- 1Y
- 105.71%
- 3Y*
- 30.24%
- 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%
TINY vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TINY ProShares Nanotechnology ETF | 55.62% | 19.98% | 6.63% | 47.97% | -34.14% | 8.73% |
BNO United States Brent Oil Fund LP | 85.31% | -5.44% | 9.67% | -3.43% | 35.25% | -5.64% |
Correlation
The correlation between TINY 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 | -0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.05 |
The correlation between TINY and BNO shifts across timeframes, from -0.19 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TINY vs. BNO — Risk / Return Rank
TINY
BNO
TINY vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Nanotechnology ETF (TINY) 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.
| TINY | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.36 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 6.35 | 4.99 | +1.36 |
| Martin ratioReturn relative to average drawdown | 22.33 | 9.39 | +12.94 |
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
| TINY | BNO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.25 | 2.15 | +1.10 |
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 | 0.55 | 0.14 | +0.41 |
Drawdowns
TINY vs. BNO - Drawdown Comparison
The maximum TINY drawdown since its inception was -43.79%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for TINY and BNO.
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Drawdown Indicators
| TINY | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.79% | -87.06% | +43.27% |
Max Drawdown (1Y)Largest decline over 1 year | -16.75% | -17.87% | +1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -42.13% | -23.75% | -18.38% |
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 | -2.60% | -12.72% | +10.12% |
Average DrawdownAverage peak-to-trough decline | -16.15% | -40.16% | +24.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.75% | 9.48% | -4.73% |
Volatility
TINY vs. BNO - Volatility Comparison
The current volatility for ProShares Nanotechnology ETF (TINY) is 11.69%, while United States Brent Oil Fund LP (BNO) has a volatility of 14.12%. This indicates that TINY 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
| TINY | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.69% | 14.12% | -2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 26.55% | 36.21% | -9.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.75% | 41.56% | -8.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.38% | 35.40% | -3.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.38% | 36.69% | -4.31% |
TINY vs. BNO - Expense Ratio Comparison
TINY has a 0.58% expense ratio, which is lower than BNO's 0.90% expense ratio.
Dividends
TINY vs. BNO - Dividend Comparison
TINY's dividend yield for the trailing twelve months is around 0.19%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BNO United States Brent Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TINY ProShares Nanotechnology ETF | 0.19% | 0.29% | 0.01% | 0.35% | 0.42% | 0.07% |
Frequently Asked Questions
TINY 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 (14.12%) compared to TINY (11.69%). In terms of maximum drawdown, TINY dropped -43.79% vs BNO's -87.06%.
On 3-year performance, TINY leads with 30.24% vs 26.74% for BNO. On fees, TINY is cheaper at 0.58% per year. On volatility, TINY has been the lower-risk option at 11.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, TINY has performed better with a 30.24% return vs 26.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TINY is cheaper with a 0.58% expense ratio, compared with 0.90% for BNO.
TINY has the higher dividend yield at 0.19%, compared with 0.00% for BNO.
TINY is categorized as Technology Equities, while BNO is Oil & Gas. TINY tracks Solactive Nanotechnology Index, while BNO tracks Front Month Brent Crude Oil. They also come from different issuers: ProShares and Concierge Technologies. Their fees differ too: 0.58% for TINY and 0.90% for BNO.
TINY currently has the higher Sharpe Ratio (3.25 vs 2.15), 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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