BPH vs. AAPX

Last updated Jun 5, 2026

BPH (BP p.l.c. ADRhedged ETF) and AAPX (T-Rex 2X Long Apple Daily Target ETF) are both exchange-traded funds - BPH is a Oil & Gas fund actively managed by Precidian, while AAPX is a Leveraged Equities fund actively managed by T-Rex. Both are actively managed. At a correlation of -0.54, they often move in opposite directions. BPH charges 0.19%/yr vs 1.05%/yr for AAPX.

Performance

BPH vs. AAPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BP p.l.c. ADRhedged ETF (BPH) and T-Rex 2X Long Apple Daily Target ETF (AAPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BPH

• 1D: 0.38%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AAPX

• 1D: 0.89%
• 1M: 18.76%
• YTD: 22.31%
• 6M: 12.90%
• 1Y: 100.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BPH vs. AAPX - Yearly Performance Comparison

	2026 (YTD)
BPH BP p.l.c. ADRhedged ETF	3.22%
AAPX T-Rex 2X Long Apple Daily Target ETF	1.41%

Correlation

The correlation between BPH and AAPX is -0.54, 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	-0.54

BPH vs. AAPX - Sectors Allocation Comparison

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

Return for Risk

BPH vs. AAPX — Risk / Return Rank

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

AAPX

AAPX Risk / Return Rank: 62
AAPX Sharpe Ratio Rank: 70
AAPX Sortino Ratio Rank: 63
AAPX Omega Ratio Rank: 61
AAPX Calmar Ratio Rank: 69
AAPX Martin Ratio Rank: 49

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. AAPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BP p.l.c. ADRhedged ETF (BPH) and T-Rex 2X Long Apple Daily Target ETF (AAPX). 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	AAPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	9.79	0.53	+9.27

Drawdowns

BPH vs. AAPX - Drawdown Comparison

The maximum BPH drawdown since its inception was -2.35%, smaller than the maximum AAPX drawdown of -58.55%. Use the drawdown chart below to compare losses from any high point for BPH and AAPX.

Drawdown Indicators

	BPH	AAPX	Difference
Max Drawdown Largest peak-to-trough decline	-2.35%	-58.55%	+56.20%
Max Drawdown (1Y) Largest decline over 1 year	—	-30.12%	—
Current Drawdown Current decline from peak	0.00%	-2.66%	+2.66%
Average Drawdown Average peak-to-trough decline	-0.93%	-19.33%	+18.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.66%	—

Volatility

Volatility by Period

	BPH	AAPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.31%	—
Volatility (6M) Calculated over the trailing 6-month period	—	32.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.51%	44.98%	-21.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.51%	54.58%	-31.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.51%	54.58%	-31.07%

BPH vs. AAPX - Expense Ratio Comparison

BPH has a 0.19% expense ratio, which is lower than AAPX's 1.05% expense ratio.

Dividends

BPH vs. AAPX - Dividend Comparison

BPH has not paid dividends to shareholders, while AAPX's dividend yield for the trailing twelve months is around 0.54%.

Position	TTM	2025	2024
AAPX T-Rex 2X Long Apple Daily Target ETF	0.54%	0.67%	21.46%
BPH BP p.l.c. ADRhedged ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BPH and AAPX in my portfolio?

BPH and AAPX have a correlation of -0.54, 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 AAPX?

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 AAPX?

BPH is cheaper with a 0.19% expense ratio, compared with 1.05% for AAPX.

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

AAPX has the higher dividend yield at 0.54%, compared with 0.00% for BPH.

What is the main difference between BPH and AAPX?

BPH is categorized as Oil & Gas, while AAPX is Leveraged Equities. They also come from different issuers: Precidian and T-Rex. Their fees differ too: 0.19% for BPH and 1.05% for AAPX.