XDQQ vs. BNO
XDQQ (Innovator Growth Accelerated ETF - Quarterly) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - XDQQ is a Leveraged Equities fund actively managed by Innovator, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. XDQQ is actively managed, while BNO is passively managed. Over the past 5 years, XDQQ returned 8.32%/yr vs 23.48%/yr for BNO. At a 0.03 correlation, their price movements are largely independent. XDQQ charges 0.79%/yr vs 0.90%/yr for BNO.
Performance
XDQQ vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, XDQQ achieves a 2.62% return, which is significantly lower than BNO's 85.31% return.
XDQQ
- 1D
- 0.04%
- 1M
- 1.17%
- YTD
- 2.62%
- 6M
- 2.67%
- 1Y
- 17.22%
- 3Y*
- 17.88%
- 5Y*
- 8.32%
- 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%
XDQQ vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XDQQ Innovator Growth Accelerated ETF - Quarterly | 2.62% | 13.75% | 31.47% | 30.15% | -33.74% | 18.29% |
BNO United States Brent Oil Fund LP | 85.31% | -5.44% | 9.67% | -3.43% | 35.25% | 28.20% |
Correlation
The correlation between XDQQ and BNO is -0.20, 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 | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2021 | 0.03 |
The correlation between XDQQ and BNO shifts across timeframes, from -0.20 (1 year) to 0.04 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XDQQ vs. BNO — Risk / Return Rank
XDQQ
BNO
XDQQ vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated ETF - Quarterly (XDQQ) 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.
| XDQQ | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.36 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 4.99 | -3.53 |
| Martin ratioReturn relative to average drawdown | 6.63 | 9.39 | -2.75 |
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
| XDQQ | BNO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 2.15 | -0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.67 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.14 | +0.33 |
Drawdowns
XDQQ vs. BNO - Drawdown Comparison
The maximum XDQQ drawdown since its inception was -35.63%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for XDQQ and BNO.
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Drawdown Indicators
| XDQQ | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.63% | -87.06% | +51.43% |
Max Drawdown (1Y)Largest decline over 1 year | -11.84% | -17.87% | +6.03% |
Max Drawdown (3Y)Largest decline over 3 years | -23.17% | -23.75% | +0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -35.63% | -33.70% | -1.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.18% | — |
Current DrawdownCurrent decline from peak | -0.01% | -12.72% | +12.71% |
Average DrawdownAverage peak-to-trough decline | -10.83% | -40.16% | +29.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 9.48% | -6.88% |
Volatility
XDQQ vs. BNO - Volatility Comparison
The current volatility for Innovator Growth Accelerated ETF - Quarterly (XDQQ) is 0.36%, while United States Brent Oil Fund LP (BNO) has a volatility of 14.12%. This indicates that XDQQ 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
| XDQQ | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 14.12% | -13.76% |
Volatility (6M)Calculated over the trailing 6-month period | 11.10% | 36.21% | -25.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.80% | 41.56% | -27.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.80% | 35.40% | -15.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.65% | 36.69% | -17.04% |
XDQQ vs. BNO - Expense Ratio Comparison
XDQQ has a 0.79% expense ratio, which is lower than BNO's 0.90% expense ratio.
Dividends
XDQQ vs. BNO - Dividend Comparison
Neither XDQQ nor BNO has paid dividends to shareholders.
Frequently Asked Questions
XDQQ and BNO have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNO has higher volatility (14.12%) compared to XDQQ (0.36%). In terms of maximum drawdown, XDQQ dropped -35.63% vs BNO's -87.06%.
On 5-year performance, BNO leads with 23.48% vs 8.32% for XDQQ. On fees, XDQQ is cheaper at 0.79% per year. On volatility, XDQQ has been the lower-risk option at 0.36%. 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 23.48% return vs 8.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XDQQ is cheaper with a 0.79% expense ratio, compared with 0.90% for BNO.
XDQQ and BNO have nearly identical dividend yields, around 0.00%.
XDQQ is categorized as Leveraged Equities, while BNO is Oil & Gas. They also come from different issuers: Innovator and Concierge Technologies. Their fees differ too: 0.79% for XDQQ and 0.90% for BNO.
BNO currently has the higher Sharpe Ratio (2.15 vs 1.25), 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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