BPH vs. BTOT

Last updated Jun 4, 2026

BPH (BP p.l.c. ADRhedged ETF) and BTOT (iShares Total USD Fixed Income Market ETF) are both exchange-traded funds - BPH is a Oil & Gas fund actively managed by Precidian, while BTOT is a Total Bond Market fund tracking the Bloomberg US Total Fixed Income Market Index. BPH is actively managed, while BTOT is passively managed. At a correlation of -0.83, they often move in opposite directions. BPH charges 0.19%/yr vs 0.09%/yr for BTOT.

Performance

BPH vs. BTOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BP p.l.c. ADRhedged ETF (BPH) and iShares Total USD Fixed Income Market ETF (BTOT). 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*: —

BTOT

• 1D: -0.21%
• 1M: 0.29%
• YTD: 0.39%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BPH vs. BTOT - Yearly Performance Comparison

	2026 (YTD)
BPH BP p.l.c. ADRhedged ETF	2.83%
BTOT iShares Total USD Fixed Income Market ETF	0.16%

Correlation

The correlation between BPH and BTOT is -0.83, 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	-0.83

Return for Risk

BPH vs. BTOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BP p.l.c. ADRhedged ETF (BPH) and iShares Total USD Fixed Income Market ETF (BTOT). 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	BTOT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	9.48	0.41	+9.07

Drawdowns

BPH vs. BTOT - Drawdown Comparison

The maximum BPH drawdown since its inception was -2.35%, roughly equal to the maximum BTOT drawdown of -2.36%. Use the drawdown chart below to compare losses from any high point for BPH and BTOT.

Drawdown Indicators

	BPH	BTOT	Difference
Max Drawdown Largest peak-to-trough decline	-2.35%	-2.36%	+0.01%
Current Drawdown Current decline from peak	0.00%	-1.18%	+1.18%
Average Drawdown Average peak-to-trough decline	-1.08%	-0.77%	-0.31%

Volatility

Volatility by Period

	BPH	BTOT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	25.75%	3.70%	+22.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.75%	3.70%	+22.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.75%	3.70%	+22.05%

BPH vs. BTOT - Expense Ratio Comparison

BPH has a 0.19% expense ratio, which is higher than BTOT's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BPH vs. BTOT - Dividend Comparison

BPH has not paid dividends to shareholders, while BTOT's dividend yield for the trailing twelve months is around 2.13%.

Position	TTM	2025
BPH BP p.l.c. ADRhedged ETF	0.00%	0.00%
BTOT iShares Total USD Fixed Income Market ETF	2.13%	0.22%

Frequently Asked Questions

Can I hold both BPH and BTOT in my portfolio?

BPH and BTOT have a correlation of -0.83, 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 BTOT?

On fees, BTOT is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BPH or BTOT?

BTOT is cheaper with a 0.09% expense ratio, compared with 0.19% for BPH.

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

BTOT has the higher dividend yield at 2.13%, compared with 0.00% for BPH.

What is the main difference between BPH and BTOT?

BPH is categorized as Oil & Gas, while BTOT is Total Bond Market. They also come from different issuers: Precidian and iShares. Their fees differ too: 0.19% for BPH and 0.09% for BTOT.