URAA vs. BNO
URAA (Direxion Daily Uranium Industry Bull 2X Shares) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - URAA is a Leveraged Equities fund tracking the Solactive United States Uranium and Nuclear Energy ETF Select Index (200%), while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. Both are passively managed. Over the past year, URAA returned 69.53% vs 88.71% for BNO. At a 0.01 correlation, their price movements are largely independent. URAA charges 1.28%/yr vs 0.90%/yr for BNO.
Performance
URAA vs. BNO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, URAA achieves a 10.16% return, which is significantly lower than BNO's 85.31% return.
URAA
- 1D
- -1.33%
- 1M
- -16.02%
- YTD
- 10.16%
- 6M
- -9.50%
- 1Y
- 69.53%
- 3Y*
- —
- 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%
URAA vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
URAA Direxion Daily Uranium Industry Bull 2X Shares | 10.16% | 88.33% | -26.53% |
BNO United States Brent Oil Fund LP | 85.31% | -5.44% | -6.02% |
Correlation
The correlation between URAA and BNO is -0.14, 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 | -0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2024 | 0.01 |
The correlation between URAA and BNO shifts across timeframes, from -0.14 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
URAA vs. BNO — Risk / Return Rank
URAA
BNO
URAA vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Uranium Industry Bull 2X Shares (URAA) 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.
| URAA | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.36 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 4.99 | -3.59 |
| Martin ratioReturn relative to average drawdown | 2.57 | 9.39 | -6.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| URAA | BNO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 2.15 | -1.40 |
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 | 0.28 | 0.14 | +0.14 |
Drawdowns
URAA vs. BNO - Drawdown Comparison
The maximum URAA drawdown since its inception was -67.45%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for URAA and BNO.
Loading charts...
Drawdown Indicators
| URAA | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.45% | -87.06% | +19.61% |
Max Drawdown (1Y)Largest decline over 1 year | -49.91% | -17.87% | -32.04% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.75% | — |
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 | -44.53% | -12.72% | -31.81% |
Average DrawdownAverage peak-to-trough decline | -27.30% | -40.16% | +12.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.19% | 9.48% | +17.71% |
Volatility
URAA vs. BNO - Volatility Comparison
Direxion Daily Uranium Industry Bull 2X Shares (URAA) has a higher volatility of 28.36% compared to United States Brent Oil Fund LP (BNO) at 14.12%. This indicates that URAA's price experiences larger fluctuations and is considered to be riskier than BNO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| URAA | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.36% | 14.12% | +14.24% |
Volatility (6M)Calculated over the trailing 6-month period | 72.56% | 36.21% | +36.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 94.12% | 41.56% | +52.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.87% | 35.40% | +53.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.87% | 36.69% | +52.18% |
URAA vs. BNO - Expense Ratio Comparison
URAA has a 1.28% expense ratio, which is higher than BNO's 0.90% expense ratio.
Dividends
URAA vs. BNO - Dividend Comparison
URAA's dividend yield for the trailing twelve months is around 9.24%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BNO United States Brent Oil Fund LP | 0.00% | 0.00% | 0.00% |
URAA Direxion Daily Uranium Industry Bull 2X Shares | 9.24% | 9.14% | 4.36% |
Frequently Asked Questions
URAA and BNO have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
URAA has higher volatility (28.36%) compared to BNO (14.12%). In terms of maximum drawdown, URAA dropped -67.45% vs BNO's -87.06%.
On 1-year performance, BNO leads with 88.71% vs 69.53% for URAA. On fees, BNO is cheaper at 0.90% per year. On volatility, BNO has been the lower-risk option at 14.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BNO has performed better with a 88.71% return vs 69.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BNO is cheaper with a 0.90% expense ratio, compared with 1.28% for URAA.
URAA has the higher dividend yield at 9.24%, compared with 0.00% for BNO.
URAA is categorized as Leveraged Equities, while BNO is Oil & Gas. URAA tracks Solactive United States Uranium and Nuclear Energy ETF Select Index (200%), while BNO tracks Front Month Brent Crude Oil. They also come from different issuers: Direxion and Concierge Technologies. Their fees differ too: 1.28% for URAA and 0.90% for BNO.
BNO currently has the higher Sharpe Ratio (2.15 vs 0.74), 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.
Find the right allocation for URAA and BNO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer