UBEW vs. BNO
UBEW (Roundhill UBER WeeklyPay ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - UBEW is a fund fund actively managed by Roundhill, while BNO is a Oil & Gas fund tracking the Crude Oil Brent ICE Near Term Futures. UBEW is actively managed, while BNO is passively managed. At a correlation of -0.07, they often move in opposite directions. UBEW charges 0.99%/yr vs 1.00%/yr for BNO.
Performance
UBEW vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, UBEW achieves a -18.80% return, which is significantly lower than BNO's 50.21% return.
UBEW
- 1D
- -2.97%
- 1M
- -3.85%
- YTD
- -18.80%
- 6M
- -17.81%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BNO
- 1D
- -1.35%
- 1M
- -22.65%
- YTD
- 50.21%
- 6M
- 47.81%
- 1Y
- 38.79%
- 3Y*
- 19.32%
- 5Y*
- 17.15%
- 10Y*
- 11.25%
UBEW vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UBEW Roundhill UBER WeeklyPay ETF | -18.80% | -16.62% |
BNO United States Brent Oil Fund LP | 50.21% | -1.67% |
Correlation
The correlation between UBEW and BNO is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025 | -0.07 |
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Return for Risk
UBEW vs. BNO — Risk / Return Rank
UBEW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BNO
UBEW vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill UBER WeeklyPay ETF (UBEW) 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.
| UBEW | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.19 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.33 | — |
| Martin ratioReturn relative to average drawdown | — | 4.21 | — |
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Drawdowns
UBEW vs. BNO - Drawdown Comparison
The maximum UBEW drawdown since its inception was -38.17%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for UBEW and BNO.
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Drawdown Indicators
| UBEW | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.17% | -87.06% | +48.89% |
Max Drawdown (1Y)Largest decline over 1 year | — | -29.25% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.25% | — |
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 | -37.17% | -29.25% | -7.92% |
Average DrawdownAverage peak-to-trough decline | -25.67% | -40.10% | +14.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 9.28% | — |
Volatility
UBEW vs. BNO - Volatility Comparison
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Volatility by Period
| UBEW | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 10.92% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 37.29% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 42.25% | 41.67% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.25% | 35.65% | +6.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.25% | 36.68% | +5.57% |
UBEW vs. BNO - Expense Ratio Comparison
UBEW has a 0.99% expense ratio, which is lower than BNO's 1.00% expense ratio.
Dividends
UBEW vs. BNO - Dividend Comparison
UBEW's dividend yield for the trailing twelve months is around 35.87%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BNO United States Brent Oil Fund LP | 0.00% | 0.00% |
UBEW Roundhill UBER WeeklyPay ETF | 35.87% | 8.98% |
Frequently Asked Questions
UBEW and BNO have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UBEW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UBEW is cheaper with a 0.99% expense ratio, compared with 1.00% for BNO.
UBEW has the higher dividend yield at 35.87%, compared with 0.00% for BNO.
They also come from different issuers: Roundhill and USCF Investments. Their fees differ too: 0.99% for UBEW and 1.00% for BNO.
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