VICE vs. BNO
VICE (AdvisorShares Vice ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - VICE is a Consumer Discretionary Equities fund actively managed by AdvisorShares, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. VICE is actively managed, while BNO is passively managed. Over the past 5 years, VICE returned -0.32%/yr vs 24.16%/yr for BNO. At a 0.16 correlation, their price movements are largely independent. VICE charges 0.99%/yr vs 0.90%/yr for BNO.
Performance
VICE vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, VICE achieves a 3.62% return, which is significantly lower than BNO's 90.47% return.
VICE
- 1D
- -0.84%
- 1M
- -0.02%
- YTD
- 3.62%
- 6M
- 2.59%
- 1Y
- -1.03%
- 3Y*
- 7.32%
- 5Y*
- -0.32%
- 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%
VICE vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VICE AdvisorShares Vice ETF | 3.62% | 1.56% | 18.27% | 3.01% | -18.28% | 8.50% | 22.45% | 20.05% | -16.93% | 4.31% |
BNO United States Brent Oil Fund LP | 90.47% | -5.44% | 9.67% | -3.43% | 35.25% | 62.34% | -38.23% | 36.01% | -15.30% | 7.42% |
Correlation
The correlation between VICE and BNO is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2017 | 0.16 |
The correlation between VICE and BNO shifts across timeframes, from -0.11 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VICE vs. BNO — Risk / Return Rank
VICE
BNO
VICE vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Vice ETF (VICE) 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.
| VICE | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.31 | ||
| Sortino ratioReturn per unit of downside risk | -2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.38 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 5.17 | -5.24 |
| Martin ratioReturn relative to average drawdown | -0.13 | 9.76 | -9.89 |
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
| VICE | BNO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.08 | 2.23 | -2.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.69 | -0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.14 | +0.09 |
Drawdowns
VICE vs. BNO - Drawdown Comparison
The maximum VICE drawdown since its inception was -38.27%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for VICE and BNO.
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Drawdown Indicators
| VICE | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.27% | -87.06% | +48.79% |
Max Drawdown (1Y)Largest decline over 1 year | -13.59% | -17.87% | +4.28% |
Max Drawdown (3Y)Largest decline over 3 years | -19.55% | -23.75% | +4.20% |
Max Drawdown (5Y)Largest decline over 5 years | -35.23% | -33.70% | -1.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.18% | — |
Current DrawdownCurrent decline from peak | -8.14% | -10.29% | +2.15% |
Average DrawdownAverage peak-to-trough decline | -12.37% | -40.17% | +27.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.73% | 9.45% | -1.72% |
Volatility
VICE vs. BNO - Volatility Comparison
The current volatility for AdvisorShares Vice ETF (VICE) is 4.53%, while United States Brent Oil Fund LP (BNO) has a volatility of 14.22%. This indicates that VICE 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
| VICE | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.53% | 14.22% | -9.69% |
Volatility (6M)Calculated over the trailing 6-month period | 9.10% | 36.10% | -27.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.19% | 41.46% | -28.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.79% | 35.38% | -17.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.19% | 36.68% | -17.49% |
VICE vs. BNO - Expense Ratio Comparison
VICE has a 0.99% expense ratio, which is higher than BNO's 0.90% expense ratio.
Dividends
VICE vs. BNO - Dividend Comparison
VICE's dividend yield for the trailing twelve months is around 0.76%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BNO United States Brent Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VICE AdvisorShares Vice ETF | 0.76% | 0.79% | 1.46% | 1.69% | 0.96% | 0.99% | 0.00% | 2.47% | 1.72% | 0.17% |
Frequently Asked Questions
VICE and BNO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNO has higher volatility (14.22%) compared to VICE (4.53%). In terms of maximum drawdown, VICE dropped -38.27% vs BNO's -87.06%.
On 5-year performance, BNO leads with 24.16% vs -0.32% for VICE. On fees, BNO is cheaper at 0.90% per year. On volatility, VICE has been the lower-risk option at 4.53%. 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 -0.32%. 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 0.99% for VICE.
VICE has the higher dividend yield at 0.76%, compared with 0.00% for BNO.
VICE is categorized as Consumer Discretionary Equities, while BNO is Oil & Gas. They also come from different issuers: AdvisorShares and Concierge Technologies. Their fees differ too: 0.99% for VICE and 0.90% for BNO.
BNO currently has the higher Sharpe Ratio (2.23 vs -0.08), 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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