PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XITK vs. BNO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XITK vs. BNO

Last updated Jun 4, 2026

XITK (SPDR FactSet Innovative Technology ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - XITK is a Technology Equities fund tracking the FactSet Innovative Technology Index, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. Both are passively managed. Over the past 10 years, XITK returned 14.35%/yr vs 13.60%/yr for BNO. At a 0.13 correlation, their price movements are largely independent. XITK charges 0.45%/yr vs 0.90%/yr for BNO.

Performance

XITK vs. BNO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR FactSet Innovative Technology ETF (XITK) and United States Brent Oil Fund LP (BNO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, XITK achieves a 13.97% return, which is significantly lower than BNO's 90.47% return. Over the past 10 years, XITK has outperformed BNO with an annualized return of 14.35%, while BNO has yielded a comparatively lower 13.60% annualized return.

XITK

1D
-3.51%
1M
12.45%
YTD
13.97%
6M
14.17%
1Y
11.38%
3Y*
17.58%
5Y*
-0.31%
10Y*
14.35%

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XITK vs. BNO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XITK
SPDR FactSet Innovative Technology ETF		13.97%2.53%19.12%45.87%-47.45%-11.24%90.22%36.98%7.60%36.01%
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%15.43%

Correlation

The correlation between XITK and BNO is -0.19, 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

-0.19

Correlation (3Y)
Calculated over the trailing 3-year period

-0.02

Correlation (5Y)
Calculated over the trailing 5-year period

0.06

Correlation (10Y)
Calculated over the trailing 10-year period

0.13

Correlation (All Time)
Calculated using the full available price history since Jan 15, 2016

0.13

The correlation between XITK and BNO shifts across timeframes, from -0.19 (1 year) to 0.13 (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.

SPDR FactSet Innovative Technology ETF

United States Brent Oil Fund LP

Often compared with XITK:
XITK vs. ARKKXITK vs. ARKWXITK vs. VGTXITK vs. XNTKXITK vs. WAMVXXITK vs. SCAPXITK vs. FSCSX
Often compared with BNO:
BNO vs. USOBNO vs. XLEBNO vs. USLBNO vs. BOILBNO vs. UNGBNO vs. UCOBNO vs. XOM

Return for Risk

XITK vs. BNO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XITK
XITK Risk / Return Rank: 1515
Overall Rank
XITK Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
XITK Sortino Ratio Rank: 1616
Sortino Ratio Rank
XITK Omega Ratio Rank: 1515
Omega Ratio Rank
XITK Calmar Ratio Rank: 1414
Calmar Ratio Rank
XITK Martin Ratio Rank: 1313
Martin Ratio Rank
BNO
BNO Risk / Return Rank: 6565
Overall Rank
BNO Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
BNO Sortino Ratio Rank: 5656
Sortino Ratio Rank
BNO Omega Ratio Rank: 6060
Omega Ratio Rank
BNO Calmar Ratio Rank: 8888
Calmar Ratio Rank
BNO Martin Ratio Rank: 5555
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XITK vs. BNO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR FactSet Innovative Technology ETF (XITK) 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.

XITKBNODifference

Sharpe ratio

Return per unit of total volatility

0.43

2.23

-1.80

Sortino ratio

Return per unit of downside risk

0.78

2.73

-1.95

Omega ratio

Gain probability vs. loss probability

1.09

1.38

-0.28

Calmar ratio

Return relative to maximum drawdown

0.41

5.17

-4.76

Martin ratio

Return relative to average drawdown

0.95

9.76

-8.81

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XITK vs. BNO - Sharpe Ratio Comparison

The current XITK Sharpe Ratio is 0.43, which is lower than the BNO Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of XITK and BNO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

XITKBNODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.43

2.23

-1.80

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.01

0.69

-0.70

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.49

0.37

+0.11

Sharpe Ratio (All Time)

Calculated using the full available price history

0.51

0.14

+0.37

Drawdowns

XITK vs. BNO - Drawdown Comparison

The maximum XITK drawdown since its inception was -65.56%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for XITK and BNO.

Loading charts...

Drawdown Indicators

XITKBNODifference

Max Drawdown

Largest peak-to-trough decline

-65.56%

-87.06%

+21.50%

Max Drawdown (1Y)

Largest decline over 1 year

-28.03%

-17.87%

-10.16%

Max Drawdown (3Y)

Largest decline over 3 years

-28.18%

-23.75%

-4.43%

Max Drawdown (5Y)

Largest decline over 5 years

-61.53%

-33.70%

-27.83%

Max Drawdown (10Y)

Largest decline over 10 years

-65.56%

-75.18%

+9.62%

Current Drawdown

Current decline from peak

-22.29%

-10.29%

-12.00%

Average Drawdown

Average peak-to-trough decline

-22.08%

-40.17%

+18.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.96%

9.45%

+2.51%

Volatility

XITK vs. BNO - Volatility Comparison

The current volatility for SPDR FactSet Innovative Technology ETF (XITK) is 8.59%, while United States Brent Oil Fund LP (BNO) has a volatility of 14.22%. This indicates that XITK 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.

Loading charts...

Volatility by Period

XITKBNODifference

Volatility (1M)

Calculated over the trailing 1-month period

8.59%

14.22%

-5.63%

Volatility (6M)

Calculated over the trailing 6-month period

21.87%

36.10%

-14.23%

Volatility (1Y)

Calculated over the trailing 1-year period

26.50%

41.46%

-14.96%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

32.63%

35.38%

-2.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.57%

36.68%

-7.11%

XITK vs. BNO - Expense Ratio Comparison

XITK has a 0.45% expense ratio, which is lower than BNO's 0.90% expense ratio.

Dividends

XITK vs. BNO - Dividend Comparison

Neither XITK nor BNO has paid dividends to shareholders.

PositionTTM2025202420232022202120202019201820172016
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%
XITK
SPDR FactSet Innovative Technology ETF		0.00%0.00%0.00%0.08%0.11%0.00%0.06%0.14%1.50%1.74%1.88%

Frequently Asked Questions

XITK and BNO have a correlation of -0.19, 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 XITK (8.59%). In terms of maximum drawdown, XITK dropped -65.56% vs BNO's -87.06%.

On 10-year performance, XITK leads with 14.35% vs 13.60% for BNO. On fees, XITK is cheaper at 0.45% per year. On volatility, XITK has been the lower-risk option at 8.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, XITK has performed better with a 14.35% return vs 13.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

XITK is cheaper with a 0.45% expense ratio, compared with 0.90% for BNO.

XITK and BNO have nearly identical dividend yields, around 0.00%.

XITK is categorized as Technology Equities, while BNO is Oil & Gas. XITK tracks FactSet Innovative Technology Index, while BNO tracks Front Month Brent Crude Oil. They also come from different issuers: State Street and Concierge Technologies. Their fees differ too: 0.45% for XITK and 0.90% for BNO.

BNO currently has the higher Sharpe Ratio (2.23 vs 0.43), 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.

Portfolio Optimizer

Find the right allocation for XITK 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