XUDV vs. BNO
XUDV (Franklin U.S. Dividend Booster Index ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - XUDV is a Dividend fund tracking the VettaFi New Frontier U.S. Dividend Select Index, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. Both are passively managed. Over the past year, XUDV returned 29.58% vs 91.89% for BNO. At a 0.02 correlation, their price movements are largely independent. XUDV charges 0.09%/yr vs 0.90%/yr for BNO.
Performance
XUDV vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, XUDV achieves a 19.02% return, which is significantly lower than BNO's 90.47% return.
XUDV
- 1D
- -1.47%
- 1M
- 4.20%
- YTD
- 19.02%
- 6M
- 19.23%
- 1Y
- 29.58%
- 3Y*
- —
- 5Y*
- —
- 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%
XUDV vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XUDV Franklin U.S. Dividend Booster Index ETF | 19.02% | 8.24% |
BNO United States Brent Oil Fund LP | 90.47% | -10.32% |
Correlation
The correlation between XUDV and BNO is -0.12, 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 | -0.12 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2025 | 0.02 |
The correlation between XUDV and BNO shifts across timeframes, from -0.12 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XUDV vs. BNO — Risk / Return Rank
XUDV
BNO
XUDV vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin U.S. Dividend Booster Index ETF (XUDV) 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.
| XUDV | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.38 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.69 | 5.17 | -0.48 |
| Martin ratioReturn relative to average drawdown | 15.94 | 9.76 | +6.18 |
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
| XUDV | BNO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.43 | 2.23 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.26 | 0.14 | +1.12 |
Drawdowns
XUDV vs. BNO - Drawdown Comparison
The maximum XUDV drawdown since its inception was -15.98%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for XUDV and BNO.
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Drawdown Indicators
| XUDV | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.98% | -87.06% | +71.08% |
Max Drawdown (1Y)Largest decline over 1 year | -6.34% | -17.87% | +11.53% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.75% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.18% | — |
Current DrawdownCurrent decline from peak | -1.85% | -10.29% | +8.44% |
Average DrawdownAverage peak-to-trough decline | -2.10% | -40.17% | +38.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 9.45% | -7.59% |
Volatility
XUDV vs. BNO - Volatility Comparison
The current volatility for Franklin U.S. Dividend Booster Index ETF (XUDV) is 3.69%, while United States Brent Oil Fund LP (BNO) has a volatility of 14.22%. This indicates that XUDV 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
| XUDV | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 14.22% | -10.53% |
Volatility (6M)Calculated over the trailing 6-month period | 8.25% | 36.10% | -27.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.27% | 41.46% | -29.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.34% | 35.38% | -19.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.34% | 36.68% | -20.34% |
XUDV vs. BNO - Expense Ratio Comparison
XUDV has a 0.09% expense ratio, which is lower than BNO's 0.90% expense ratio.
Dividends
XUDV vs. BNO - Dividend Comparison
XUDV's dividend yield for the trailing twelve months is around 3.48%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BNO United States Brent Oil Fund LP | 0.00% | 0.00% |
XUDV Franklin U.S. Dividend Booster Index ETF | 3.48% | 3.80% |
Frequently Asked Questions
XUDV and BNO have a correlation of -0.12, 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 XUDV (3.69%). In terms of maximum drawdown, XUDV dropped -15.98% vs BNO's -87.06%.
On 1-year performance, BNO leads with 91.89% vs 29.58% for XUDV. On fees, XUDV is cheaper at 0.09% per year. On volatility, XUDV has been the lower-risk option at 3.69%. 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 91.89% return vs 29.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XUDV is cheaper with a 0.09% expense ratio, compared with 0.90% for BNO.
XUDV has the higher dividend yield at 3.48%, compared with 0.00% for BNO.
XUDV is categorized as Dividend, while BNO is Oil & Gas. XUDV tracks VettaFi New Frontier U.S. Dividend Select Index, while BNO tracks Front Month Brent Crude Oil. They also come from different issuers: Franklin and Concierge Technologies. Their fees differ too: 0.09% for XUDV and 0.90% for BNO.
XUDV currently has the higher Sharpe Ratio (2.43 vs 2.23), 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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