TRFK vs. BNO
TRFK (Pacer Data and Digital Revolution ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - TRFK is a Technology Equities fund tracking the Pacer Data Transmission and Communication Revolution Index - Benchmark TR Net, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. Both are passively managed. Over the past 3 years, TRFK returned 52.66%/yr vs 26.74%/yr for BNO. At a 0.06 correlation, their price movements are largely independent. TRFK charges 0.60%/yr vs 0.90%/yr for BNO.
Performance
TRFK vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, TRFK achieves a 64.96% return, which is significantly lower than BNO's 85.31% return.
TRFK
- 1D
- -2.93%
- 1M
- 24.68%
- YTD
- 64.96%
- 6M
- 57.34%
- 1Y
- 97.75%
- 3Y*
- 52.66%
- 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%
TRFK vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TRFK Pacer Data and Digital Revolution ETF | 64.96% | 26.81% | 38.30% | 66.63% | -10.61% |
BNO United States Brent Oil Fund LP | 85.31% | -5.44% | 9.67% | -3.43% | -21.31% |
Correlation
The correlation between TRFK and BNO is -0.17, 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 | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2022 | 0.06 |
The correlation between TRFK and BNO shifts across timeframes, from -0.17 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TRFK vs. BNO — Risk / Return Rank
TRFK
BNO
TRFK vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Data and Digital Revolution ETF (TRFK) 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.
| TRFK | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.39 | ||
| Sortino ratioReturn per unit of downside risk | +1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.36 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 5.03 | 4.99 | +0.04 |
| Martin ratioReturn relative to average drawdown | 12.06 | 9.39 | +2.67 |
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
| TRFK | BNO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.53 | 2.15 | +1.39 |
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 | 1.54 | 0.14 | +1.41 |
Drawdowns
TRFK vs. BNO - Drawdown Comparison
The maximum TRFK drawdown since its inception was -29.06%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for TRFK and BNO.
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Drawdown Indicators
| TRFK | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.06% | -87.06% | +58.00% |
Max Drawdown (1Y)Largest decline over 1 year | -19.56% | -17.87% | -1.69% |
Max Drawdown (3Y)Largest decline over 3 years | -29.06% | -23.75% | -5.31% |
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 | -2.99% | -12.72% | +9.73% |
Average DrawdownAverage peak-to-trough decline | -6.04% | -40.16% | +34.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.13% | 9.48% | -1.35% |
Volatility
TRFK vs. BNO - Volatility Comparison
The current volatility for Pacer Data and Digital Revolution ETF (TRFK) is 10.70%, while United States Brent Oil Fund LP (BNO) has a volatility of 14.12%. This indicates that TRFK 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
| TRFK | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.70% | 14.12% | -3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 21.98% | 36.21% | -14.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.82% | 41.56% | -13.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.94% | 35.40% | -6.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.94% | 36.69% | -7.75% |
TRFK vs. BNO - Expense Ratio Comparison
TRFK has a 0.60% expense ratio, which is lower than BNO's 0.90% expense ratio.
Dividends
TRFK vs. BNO - Dividend Comparison
TRFK's dividend yield for the trailing twelve months is around 0.01%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BNO United States Brent Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TRFK Pacer Data and Digital Revolution ETF | 0.01% | 0.01% | 0.40% | 0.20% | 0.56% |
Frequently Asked Questions
TRFK and BNO have a correlation of -0.17, 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 TRFK (10.70%). In terms of maximum drawdown, TRFK dropped -29.06% vs BNO's -87.06%.
On 3-year performance, TRFK leads with 52.66% vs 26.74% for BNO. On fees, TRFK is cheaper at 0.60% per year. On volatility, TRFK has been the lower-risk option at 10.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, TRFK has performed better with a 52.66% return vs 26.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TRFK is cheaper with a 0.60% expense ratio, compared with 0.90% for BNO.
TRFK has the higher dividend yield at 0.01%, compared with 0.00% for BNO.
TRFK is categorized as Technology Equities, while BNO is Oil & Gas. TRFK tracks Pacer Data Transmission and Communication Revolution Index - Benchmark TR Net, while BNO tracks Front Month Brent Crude Oil. They also come from different issuers: Pacer and Concierge Technologies. Their fees differ too: 0.60% for TRFK and 0.90% for BNO.
TRFK currently has the higher Sharpe Ratio (3.53 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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