XLCI vs. BNO
XLCI (State Street Communication Services Select Sector SPDR Premium Income ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - XLCI is a Derivative Income fund actively managed by State Street, while BNO is a Oil & Gas fund tracking the Crude Oil Brent ICE Near Term Futures. XLCI is actively managed, while BNO is passively managed. Over the past year, XLCI returned 4.28% vs 62.83% for BNO. Their -0.19 correlation means they have often moved in opposite directions in the past. XLCI charges 0.35%/yr vs 1.00%/yr for BNO.
Performance
XLCI vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, XLCI achieves a -2.58% return, which is significantly lower than BNO's 77.90% return.
XLCI
- 1D
- 1.54%
- 1M
- -0.56%
- 6M
- -4.49%
- YTD
- -2.58%
- 1Y
- 4.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.98%
BNO
- 1D
- 1.45%
- 1M
- 27.00%
- 6M
- 52.90%
- YTD
- 77.90%
- 1Y
- 62.83%
- 3Y*
- 20.31%
- 5Y*
- 20.89%
- 10Y*
- 15.06%
- ALL TIME*
- 4.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $107.13M | $97.34M | $147.52M | |
| $102.51K | $79.36K | $72.31K |
XLCI vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XLCI State Street Communication Services Select Sector SPDR Premium Income ETF | -2.58% | 6.73% |
BNO United States Brent Oil Fund LP | 77.90% | -11.39% |
Correlation
The correlation between XLCI and BNO is -0.19, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.19 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025 | -0.19 |
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Return for Risk
XLCI vs. BNO — Risk / Return Rank
XLCI
BNO
XLCI vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Communication Services Select Sector SPDR Premium Income ETF (XLCI) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XLCI | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.24 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 1.70 | -1.28 |
| Martin ratioReturn relative to average drawdown | 1.23 | 5.15 | -3.92 |
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Drawdowns
XLCI vs. BNO - Drawdown Comparison
The maximum XLCI drawdown since its inception was -8.44%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for XLCI and BNO.
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Drawdown Indicators
| XLCI | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.44% | -87.06% | +78.62% |
Max Drawdown (1Y)Largest decline over 1 year | -8.44% | -34.46% | +26.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -34.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.18% | — |
Current DrawdownCurrent decline from peak | -5.54% | -16.21% | +10.67% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -39.99% | +37.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 11.86% | -9.00% |
Volatility
XLCI vs. BNO - Volatility Comparison
The current volatility for State Street Communication Services Select Sector SPDR Premium Income ETF (XLCI) is 5.62%, while United States Brent Oil Fund LP (BNO) has a volatility of 17.47%. This indicates that XLCI 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
| XLCI | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.62% | 17.47% | -11.85% |
Volatility (6M)Calculated over the trailing 6-month period | 10.27% | 40.96% | -30.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.32% | 44.54% | -32.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.29% | 36.41% | -24.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.29% | 36.98% | -24.69% |
XLCI vs. BNO - Expense Ratio Comparison
XLCI has a 0.35% expense ratio, which is lower than BNO's 1.00% expense ratio.
Dividends
XLCI vs. BNO - Dividend Comparison
XLCI's dividend yield for the trailing twelve months is around 11.73%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BNO United States Brent Oil Fund LP | 0.00% | 0.00% |
XLCI State Street Communication Services Select Sector SPDR Premium Income ETF | 11.73% | 5.23% |
Frequently Asked Questions
XLCI 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 (17.47%) compared to XLCI (5.62%). In terms of maximum drawdown, XLCI dropped -8.44% vs BNO's -87.06%.
On 1-year performance, BNO leads with 62.83% vs 4.28% for XLCI. On fees, XLCI is cheaper at 0.35% per year. On volatility, XLCI has been the lower-risk option at 5.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BNO has performed better with a 62.83% return vs 4.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLCI is cheaper with a 0.35% expense ratio, compared with 1.00% for BNO.
XLCI has the higher dividend yield at 11.73%, compared with 0.00% for BNO.
XLCI is categorized as Derivative Income, while BNO is Oil & Gas. They also come from different issuers: State Street and USCF. Their fees differ too: 0.35% for XLCI and 1.00% for BNO.
BNO currently has the higher Sharpe Ratio (1.32 vs 0.29), 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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