VCAR vs. BNO
VCAR (Simplify Volt RoboCar Disruption and Tech ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - VCAR is a Consumer Discretionary Equities fund actively managed by Simplify, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. VCAR is actively managed, while BNO is passively managed. Over the past 5 years, VCAR returned 14.14%/yr vs 24.16%/yr for BNO. At a 0.02 correlation, their price movements are largely independent. VCAR charges 0.95%/yr vs 0.90%/yr for BNO.
Performance
VCAR vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, VCAR achieves a 0.60% return, which is significantly lower than BNO's 90.47% return.
VCAR
- 1D
- -2.63%
- 1M
- 23.98%
- YTD
- 0.60%
- 6M
- -18.80%
- 1Y
- -14.28%
- 3Y*
- 33.50%
- 5Y*
- 14.14%
- 10Y*
- —
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%
VCAR vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VCAR Simplify Volt RoboCar Disruption and Tech ETF | 0.60% | -14.73% | 152.27% | 58.33% | -61.11% | 18.52% | 4.79% |
BNO United States Brent Oil Fund LP | 90.47% | -5.44% | 9.67% | -3.43% | 35.25% | 62.34% | 1.02% |
Correlation
The correlation between VCAR 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 | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2020 | 0.02 |
The correlation between VCAR and BNO shifts across timeframes, from -0.17 (1 year) to 0.02 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VCAR vs. BNO — Risk / Return Rank
VCAR
BNO
VCAR vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Volt RoboCar Disruption and Tech ETF (VCAR) 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.
| VCAR | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.48 | ||
| Sortino ratioReturn per unit of downside risk | -2.71 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.38 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 5.17 | -5.42 |
| Martin ratioReturn relative to average drawdown | -0.46 | 9.76 | -10.22 |
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
| VCAR | BNO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | 2.23 | -2.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.69 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.14 | +0.05 |
Drawdowns
VCAR vs. BNO - Drawdown Comparison
The maximum VCAR drawdown since its inception was -69.11%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for VCAR and BNO.
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Drawdown Indicators
| VCAR | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.11% | -87.06% | +17.95% |
Max Drawdown (1Y)Largest decline over 1 year | -56.12% | -17.87% | -38.25% |
Max Drawdown (3Y)Largest decline over 3 years | -56.12% | -23.75% | -32.37% |
Max Drawdown (5Y)Largest decline over 5 years | -69.11% | -33.70% | -35.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.18% | — |
Current DrawdownCurrent decline from peak | -37.58% | -10.29% | -27.29% |
Average DrawdownAverage peak-to-trough decline | -37.70% | -40.17% | +2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.22% | 9.45% | +21.77% |
Volatility
VCAR vs. BNO - Volatility Comparison
Simplify Volt RoboCar Disruption and Tech ETF (VCAR) has a higher volatility of 24.38% compared to United States Brent Oil Fund LP (BNO) at 14.22%. This indicates that VCAR'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.
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Volatility by Period
| VCAR | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.38% | 14.22% | +10.16% |
Volatility (6M)Calculated over the trailing 6-month period | 41.08% | 36.10% | +4.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.90% | 41.46% | +15.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.69% | 35.38% | +15.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.02% | 36.68% | +13.34% |
VCAR vs. BNO - Expense Ratio Comparison
VCAR has a 0.95% expense ratio, which is higher than BNO's 0.90% expense ratio.
Dividends
VCAR vs. BNO - Dividend Comparison
VCAR's dividend yield for the trailing twelve months is around 22.86%, 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% |
VCAR Simplify Volt RoboCar Disruption and Tech ETF | 22.86% | 23.87% | 0.62% | 0.00% | 0.83% |
Frequently Asked Questions
VCAR 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.
VCAR has higher volatility (24.38%) compared to BNO (14.22%). In terms of maximum drawdown, VCAR dropped -69.11% vs BNO's -87.06%.
On 5-year performance, BNO leads with 24.16% vs 14.14% for VCAR. On fees, BNO is cheaper at 0.90% per year. On volatility, BNO has been the lower-risk option at 14.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BNO has performed better with a 24.16% return vs 14.14%. 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 0.95% for VCAR.
VCAR has the higher dividend yield at 22.86%, compared with 0.00% for BNO.
VCAR is categorized as Consumer Discretionary Equities, while BNO is Oil & Gas. They also come from different issuers: Simplify and Concierge Technologies. Their fees differ too: 0.95% for VCAR and 0.90% for BNO.
BNO currently has the higher Sharpe Ratio (2.23 vs -0.25), 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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