BPH vs. AAPB

Last updated Jun 4, 2026

BPH (BP p.l.c. ADRhedged ETF) and AAPB (GraniteShares 2x Long AAPL Daily ETF) are both exchange-traded funds - BPH is a Oil & Gas fund actively managed by Precidian, while AAPB is a Leveraged Equities fund actively managed by GraniteShares. Both are actively managed. At a correlation of -0.66, they often move in opposite directions. BPH charges 0.19%/yr vs 1.15%/yr for AAPB.

Performance

BPH vs. AAPB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BP p.l.c. ADRhedged ETF (BPH) and GraniteShares 2x Long AAPL Daily ETF (AAPB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BPH

• 1D: 1.20%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AAPB

• 1D: -3.30%
• 1M: 24.81%
• YTD: 23.70%
• 6M: 12.69%
• 1Y: 106.72%
• 3Y*: 23.23%
• 5Y*: —
• 10Y*: —

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

BPH vs. AAPB - Yearly Performance Comparison

	2026 (YTD)
BPH BP p.l.c. ADRhedged ETF	2.83%
AAPB GraniteShares 2x Long AAPL Daily ETF	0.99%

Correlation

The correlation between BPH and AAPB is -0.66, 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 May 27, 2026	-0.66

BPH vs. AAPB - Sectors Allocation Comparison

Sectors	BPH	AAPB
Energy	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	66.7%
Utilities	-	-

Return for Risk

BPH vs. AAPB — Risk / Return Rank

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

AAPB

AAPB Risk / Return Rank: 66
AAPB Sharpe Ratio Rank: 72
AAPB Sortino Ratio Rank: 64
AAPB Omega Ratio Rank: 63
AAPB Calmar Ratio Rank: 75
AAPB Martin Ratio Rank: 53

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.

BPH vs. AAPB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BP p.l.c. ADRhedged ETF (BPH) and GraniteShares 2x Long AAPL Daily ETF (AAPB). 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

	BPH	AAPB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	9.48	0.38	+9.10

Drawdowns

BPH vs. AAPB - Drawdown Comparison

The maximum BPH drawdown since its inception was -2.35%, smaller than the maximum AAPB drawdown of -58.13%. Use the drawdown chart below to compare losses from any high point for BPH and AAPB.

Drawdown Indicators

	BPH	AAPB	Difference
Max Drawdown Largest peak-to-trough decline	-2.35%	-58.13%	+55.78%
Max Drawdown (1Y) Largest decline over 1 year	—	-28.11%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-58.13%	—
Current Drawdown Current decline from peak	0.00%	-3.30%	+3.30%
Average Drawdown Average peak-to-trough decline	-1.08%	-19.36%	+18.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.64%	—

Volatility

Volatility by Period

	BPH	AAPB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.20%	—
Volatility (6M) Calculated over the trailing 6-month period	—	31.96%	—
Volatility (1Y) Calculated over the trailing 1-year period	25.75%	44.82%	-19.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.75%	51.33%	-25.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.75%	51.33%	-25.58%

BPH vs. AAPB - Expense Ratio Comparison

BPH has a 0.19% expense ratio, which is lower than AAPB's 1.15% expense ratio.

Dividends

BPH vs. AAPB - Dividend Comparison

BPH has not paid dividends to shareholders, while AAPB's dividend yield for the trailing twelve months is around 3.55%.

Position	TTM	2025	2024	2023
AAPB GraniteShares 2x Long AAPL Daily ETF	3.55%	4.39%	0.00%	18.75%
BPH BP p.l.c. ADRhedged ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BPH and AAPB in my portfolio?

BPH and AAPB have a correlation of -0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BPH or AAPB?

On fees, BPH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BPH or AAPB?

BPH is cheaper with a 0.19% expense ratio, compared with 1.15% for AAPB.

Which ETF pays a higher dividend yield, BPH or AAPB?

AAPB has the higher dividend yield at 3.55%, compared with 0.00% for BPH.

What is the main difference between BPH and AAPB?

BPH is categorized as Oil & Gas, while AAPB is Leveraged Equities. They also come from different issuers: Precidian and GraniteShares. Their fees differ too: 0.19% for BPH and 1.15% for AAPB.