BESF vs. EIPX

Last updated Aug 5, 2026

BESF (Bastion Energy ETF) and EIPX (FT Energy Income Partners Strategy ETF) are both Energy Equities funds. Both are actively managed. Over the past year, BESF returned 54.59% vs 28.53% for EIPX. Their 0.64 correlation means they have sometimes moved together and sometimes differently. BESF charges 0.80%/yr vs 0.95%/yr for EIPX.

Performance

BESF vs. EIPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bastion Energy ETF (BESF) and FT Energy Income Partners Strategy ETF (EIPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BESF achieves a 15.80% return, which is significantly lower than EIPX's 24.34% return.

BESF

• 1D: -0.71%
• 1M: 1.22%
• 6M: 6.34%
• YTD: 15.80%
• 1Y: 54.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 50.17%

EIPX

• 1D: 0.01%
• 1M: 3.43%
• 6M: 13.52%
• YTD: 24.34%
• 1Y: 28.53%
• 3Y*: 19.63%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.99%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BESF Bastion Energy ETF	$42.02K	$83.06K	$88.56K
EIPX FT Energy Income Partners Strategy ETF	$1.67M	$1.90M	$1.30M

BESF vs. EIPX - Yearly Performance Comparison

	2026 (YTD)	2025
BESF Bastion Energy ETF	15.80%	38.76%
EIPX FT Energy Income Partners Strategy ETF	24.34%	6.63%

Correlation

The correlation between BESF and EIPX is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.62
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	0.64

The correlation between BESF and EIPX has been stable across timeframes, ranging from 0.62 to 0.64 - a consistent structural relationship.

Return for Risk

BESF vs. EIPX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BESF

BESF Risk / Return Rank: 84
BESF Sharpe Ratio Rank: 85
BESF Sortino Ratio Rank: 83
BESF Omega Ratio Rank: 78
BESF Calmar Ratio Rank: 93
BESF Martin Ratio Rank: 79

EIPX

EIPX Risk / Return Rank: 91
EIPX Sharpe Ratio Rank: 91
EIPX Sortino Ratio Rank: 92
EIPX Omega Ratio Rank: 88
EIPX Calmar Ratio Rank: 95
EIPX Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BESF vs. EIPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bastion Energy ETF (BESF) and FT Energy Income Partners Strategy ETF (EIPX). 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.

	BESF	EIPX	Difference
Sharpe ratio: Return per unit of total volatility	2.20	2.52	-0.32
Sortino ratio: Return per unit of downside risk	2.99	3.61	-0.63
Omega ratio: Gain probability vs. loss probability	1.37	1.43	-0.07
Calmar ratio: Return relative to maximum drawdown	5.00	5.54	-0.54
Martin ratio: Return relative to average drawdown	11.57	15.59	-4.02

BESF vs. EIPX - Sharpe Ratio Comparison

The current BESF Sharpe Ratio is 2.20, which is comparable to the EIPX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of BESF and EIPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BESF vs. EIPX - Drawdown Comparison

The maximum BESF drawdown since its inception was -10.97%, smaller than the maximum EIPX drawdown of -15.43%. Use the drawdown chart below to compare losses from any high point for BESF and EIPX.

Drawdown Indicators

	BESF	EIPX	Difference
Max Drawdown Largest peak-to-trough decline	-10.97%	-15.43%	+4.46%
Max Drawdown (1Y) Largest decline over 1 year	-10.97%	-5.17%	-5.80%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.43%	—
Current Drawdown Current decline from peak	-8.98%	-1.27%	-7.71%
Average Drawdown Average peak-to-trough decline	-3.26%	-2.28%	-0.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.73%	1.84%	+2.89%

Volatility

BESF vs. EIPX - Volatility Comparison

Bastion Energy ETF (BESF) has a higher volatility of 7.37% compared to FT Energy Income Partners Strategy ETF (EIPX) at 3.29%. This indicates that BESF's price experiences larger fluctuations and is considered to be riskier than EIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BESF	EIPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.37%	3.29%	+4.08%
Volatility (6M) Calculated over the trailing 6-month period	15.30%	8.64%	+6.66%
Volatility (1Y) Calculated over the trailing 1-year period	24.94%	11.39%	+13.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.26%	14.94%	+9.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.26%	14.94%	+9.32%

BESF vs. EIPX - Expense Ratio Comparison

BESF has a 0.80% expense ratio, which is lower than EIPX's 0.95% expense ratio.

Dividends

BESF vs. EIPX - Dividend Comparison

BESF's dividend yield for the trailing twelve months is around 5.94%, more than EIPX's 2.70% yield.

Position	TTM	2025	2024	2023	2022
BESF Bastion Energy ETF	5.94%	6.39%	0.00%	0.00%	0.00%
EIPX FT Energy Income Partners Strategy ETF	2.70%	3.23%	3.27%	3.48%	0.34%

Frequently Asked Questions

Can I hold both BESF and EIPX in my portfolio?

BESF and EIPX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BESF or EIPX?

BESF has higher volatility (7.37%) compared to EIPX (3.29%). In terms of maximum drawdown, BESF dropped -10.97% vs EIPX's -15.43%.

Which ETF is better, BESF or EIPX?

On 1-year performance, BESF leads with 54.59% vs 28.53% for EIPX. On fees, BESF is cheaper at 0.80% per year. On volatility, EIPX has been the lower-risk option at 3.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BESF or EIPX?

Over the 1-year period, BESF has performed better with a 54.59% return vs 28.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BESF or EIPX?

BESF is cheaper with a 0.80% expense ratio, compared with 0.95% for EIPX.

Which ETF pays a higher dividend yield, BESF or EIPX?

BESF has the higher dividend yield at 5.94%, compared with 2.70% for EIPX.

What is the main difference between BESF and EIPX?

They also come from different issuers: Bastion and First Trust. Their fees differ too: 0.80% for BESF and 0.95% for EIPX.

Which has better risk-adjusted returns?

EIPX currently has the higher Sharpe Ratio (2.52 vs 2.20), 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.