BESF vs. PRIV

Last updated Jun 4, 2026

BESF (Bastion Energy ETF) and PRIV (State Street IG Public & Private Credit ETF) are both exchange-traded funds - BESF is a Energy Equities fund actively managed by Bastion, while PRIV is a Intermediate Core-Plus Bond fund actively managed by State Street. Both are actively managed. At a correlation of -0.18, they often move in opposite directions. BESF charges 0.80%/yr vs 0.55%/yr for PRIV.

Performance

BESF vs. PRIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bastion Energy ETF (BESF) and State Street IG Public & Private Credit ETF (PRIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BESF achieves a 19.74% return, which is significantly higher than PRIV's 0.55% return.

BESF

• 1D: 0.68%
• 1M: -4.08%
• YTD: 19.74%
• 6M: 21.51%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PRIV

• 1D: -0.26%
• 1M: 0.15%
• YTD: 0.55%
• 6M: 0.46%
• 1Y: 6.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BESF vs. PRIV - Yearly Performance Comparison

	2026 (YTD)	2025
BESF Bastion Energy ETF	19.74%	41.15%
PRIV State Street IG Public & Private Credit ETF	0.55%	5.05%

Correlation

The correlation between BESF and PRIV is -0.18, 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 (All Time) Calculated using the full available price history since Jun 5, 2025	-0.18

Return for Risk

BESF vs. PRIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PRIV

PRIV Risk / Return Rank: 50
PRIV Sharpe Ratio Rank: 49
PRIV Sortino Ratio Rank: 53
PRIV Omega Ratio Rank: 49
PRIV Calmar Ratio Rank: 49
PRIV Martin Ratio Rank: 48

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.

BESF vs. PRIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bastion Energy ETF (BESF) and State Street IG Public & Private Credit ETF (PRIV). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BESF	PRIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.87	1.10	+1.77

Drawdowns

BESF vs. PRIV - Drawdown Comparison

The maximum BESF drawdown since its inception was -9.89%, which is greater than PRIV's maximum drawdown of -2.75%. Use the drawdown chart below to compare losses from any high point for BESF and PRIV.

Drawdown Indicators

	BESF	PRIV	Difference
Max Drawdown Largest peak-to-trough decline	-9.89%	-2.75%	-7.14%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.54%	—
Current Drawdown Current decline from peak	-5.88%	-1.16%	-4.72%
Average Drawdown Average peak-to-trough decline	-2.45%	-0.66%	-1.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.78%	—

Volatility

Volatility by Period

	BESF	PRIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.37%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.33%	3.69%	+20.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.33%	4.15%	+20.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.33%	4.15%	+20.18%

BESF vs. PRIV - Expense Ratio Comparison

BESF has a 0.80% expense ratio, which is higher than PRIV's 0.55% expense ratio.

Dividends

BESF vs. PRIV - Dividend Comparison

BESF's dividend yield for the trailing twelve months is around 5.68%, more than PRIV's 4.60% yield.

Position	TTM	2025
BESF Bastion Energy ETF	5.68%	6.39%
PRIV State Street IG Public & Private Credit ETF	4.60%	3.75%

Frequently Asked Questions

Can I hold both BESF and PRIV in my portfolio?

BESF and PRIV have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BESF or PRIV?

On fees, PRIV is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BESF or PRIV?

PRIV is cheaper with a 0.55% expense ratio, compared with 0.80% for BESF.

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

BESF has the higher dividend yield at 5.68%, compared with 4.60% for PRIV.

What is the main difference between BESF and PRIV?

BESF is categorized as Energy Equities, while PRIV is Intermediate Core-Plus Bond. They also come from different issuers: Bastion and State Street. Their fees differ too: 0.80% for BESF and 0.55% for PRIV.