WBIY vs. BNO
WBIY (WBI Power Factor High Dividend ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - WBIY is a Mid Cap Value Equities fund tracking the Solactive Power Factor High Dividend Index, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. Both are passively managed. Over the past 5 years, WBIY returned 9.24%/yr vs 22.87%/yr for BNO. At a 0.25 correlation, their price movements are largely independent. WBIY charges 0.97%/yr vs 0.90%/yr for BNO.
Performance
WBIY vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, WBIY achieves a 10.54% return, which is significantly lower than BNO's 80.79% return.
WBIY
- 1D
- -0.20%
- 1M
- 2.75%
- YTD
- 10.54%
- 6M
- 10.99%
- 1Y
- 27.17%
- 3Y*
- 16.24%
- 5Y*
- 9.24%
- 10Y*
- —
BNO
- 1D
- -2.44%
- 1M
- -4.35%
- YTD
- 80.79%
- 6M
- 73.97%
- 1Y
- 82.92%
- 3Y*
- 25.89%
- 5Y*
- 22.87%
- 10Y*
- 12.62%
WBIY vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WBIY WBI Power Factor High Dividend ETF | 10.54% | 13.00% | 8.36% | 13.80% | -0.52% | 28.35% | -8.48% | 24.82% | -14.47% | 14.59% |
BNO United States Brent Oil Fund LP | 80.79% | -5.44% | 9.67% | -3.43% | 35.25% | 62.34% | -38.23% | 36.01% | -15.30% | 15.43% |
Correlation
The correlation between WBIY 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 (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 2016 | 0.25 |
The correlation between WBIY and BNO shifts across timeframes, from -0.07 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WBIY vs. BNO — Risk / Return Rank
WBIY
BNO
WBIY vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WBI Power Factor High Dividend ETF (WBIY) 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.
| WBIY | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.34 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.12 | 4.66 | -0.55 |
| Martin ratioReturn relative to average drawdown | 10.38 | 8.73 | +1.64 |
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
| WBIY | BNO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 2.00 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.65 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.13 | +0.25 |
Drawdowns
WBIY vs. BNO - Drawdown Comparison
The maximum WBIY drawdown since its inception was -48.71%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for WBIY and BNO.
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Drawdown Indicators
| WBIY | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.71% | -87.06% | +38.35% |
Max Drawdown (1Y)Largest decline over 1 year | -6.63% | -17.87% | +11.24% |
Max Drawdown (3Y)Largest decline over 3 years | -19.37% | -23.75% | +4.38% |
Max Drawdown (5Y)Largest decline over 5 years | -20.97% | -33.70% | +12.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.18% | — |
Current DrawdownCurrent decline from peak | -1.35% | -14.85% | +13.50% |
Average DrawdownAverage peak-to-trough decline | -7.11% | -40.16% | +33.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 9.53% | -6.91% |
Volatility
WBIY vs. BNO - Volatility Comparison
The current volatility for WBI Power Factor High Dividend ETF (WBIY) is 3.66%, while United States Brent Oil Fund LP (BNO) has a volatility of 11.71%. This indicates that WBIY 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
| WBIY | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.66% | 11.71% | -8.05% |
Volatility (6M)Calculated over the trailing 6-month period | 8.80% | 36.33% | -27.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.06% | 41.63% | -26.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.50% | 35.41% | -16.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.64% | 36.69% | -14.05% |
WBIY vs. BNO - Expense Ratio Comparison
WBIY has a 0.97% expense ratio, which is higher than BNO's 0.90% expense ratio.
Dividends
WBIY vs. BNO - Dividend Comparison
WBIY's dividend yield for the trailing twelve months is around 4.38%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
WBIY WBI Power Factor High Dividend ETF | 4.38% | 4.73% | 4.57% | 4.87% | 4.40% | 3.94% | 5.10% | 4.54% | 3.25% | 5.84% | 0.01% |
Frequently Asked Questions
WBIY 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.
BNO has higher volatility (11.71%) compared to WBIY (3.66%). In terms of maximum drawdown, WBIY dropped -48.71% vs BNO's -87.06%.
On 5-year performance, BNO leads with 22.87% vs 9.24% for WBIY. On fees, BNO is cheaper at 0.90% per year. On volatility, WBIY has been the lower-risk option at 3.66%. 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 22.87% return vs 9.24%. 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 0.97% for WBIY.
WBIY has the higher dividend yield at 4.38%, compared with 0.00% for BNO.
WBIY is categorized as Mid Cap Value Equities, while BNO is Oil & Gas. WBIY tracks Solactive Power Factor High Dividend Index, while BNO tracks Front Month Brent Crude Oil. They also come from different issuers: WBI and Concierge Technologies. Their fees differ too: 0.97% for WBIY and 0.90% for BNO.
BNO currently has the higher Sharpe Ratio (2.00 vs 1.81), 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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