BPH vs. JMTG

Last updated Jun 4, 2026

BPH (BP p.l.c. ADRhedged ETF) and JMTG (JPMorgan Mortgage-Backed Securities ETF) are both exchange-traded funds - BPH is a Oil & Gas fund actively managed by Precidian, while JMTG is a Mortgage Backed Securities fund actively managed by JPMorgan. Both are actively managed. At a correlation of -0.83, they often move in opposite directions. BPH charges 0.19%/yr vs 0.24%/yr for JMTG.

Performance

BPH vs. JMTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BP p.l.c. ADRhedged ETF (BPH) and JPMorgan Mortgage-Backed Securities ETF (JMTG). 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*: —

JMTG

• 1D: -0.06%
• 1M: -0.04%
• YTD: 0.45%
• 6M: 0.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BPH vs. JMTG - Yearly Performance Comparison

	2026 (YTD)
BPH BP p.l.c. ADRhedged ETF	2.83%
JMTG JPMorgan Mortgage-Backed Securities ETF	0.14%

Correlation

The correlation between BPH and JMTG 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

BPH vs. JMTG - Sectors Allocation Comparison

Sectors	BPH	JMTG
Energy	100.0%	0.4%
Basic Materials	-	0.0%
Communication Services	-	3.0%
Consumer Cyclical	-	0.1%
Consumer Defensive	-	0.2%
Financial Services	-	9.2%
Healthcare	-	6.1%
Industrials	-	0.1%
Real Estate	-	5.3%
Technology	-	27.4%
Utilities	-	-

Return for Risk

BPH vs. JMTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BP p.l.c. ADRhedged ETF (BPH) and JPMorgan Mortgage-Backed Securities ETF (JMTG). 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	JMTG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	9.48	1.29	+8.19

Drawdowns

BPH vs. JMTG - Drawdown Comparison

The maximum BPH drawdown since its inception was -2.35%, smaller than the maximum JMTG drawdown of -2.78%. Use the drawdown chart below to compare losses from any high point for BPH and JMTG.

Drawdown Indicators

	BPH	JMTG	Difference
Max Drawdown Largest peak-to-trough decline	-2.35%	-2.78%	+0.43%
Current Drawdown Current decline from peak	0.00%	-1.79%	+1.79%
Average Drawdown Average peak-to-trough decline	-1.08%	-0.66%	-0.42%

Volatility

Volatility by Period

	BPH	JMTG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	25.75%	3.68%	+22.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.75%	3.68%	+22.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.75%	3.68%	+22.07%

BPH vs. JMTG - Expense Ratio Comparison

BPH has a 0.19% expense ratio, which is lower than JMTG's 0.24% expense ratio. Despite the difference, 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. JMTG - Dividend Comparison

BPH has not paid dividends to shareholders, while JMTG's dividend yield for the trailing twelve months is around 3.92%.

Position	TTM	2025
BPH BP p.l.c. ADRhedged ETF	0.00%	0.00%
JMTG JPMorgan Mortgage-Backed Securities ETF	3.92%	2.10%

Frequently Asked Questions

Can I hold both BPH and JMTG in my portfolio?

BPH and JMTG 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 JMTG?

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 JMTG?

BPH is cheaper with a 0.19% expense ratio, compared with 0.24% for JMTG.

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

JMTG has the higher dividend yield at 3.92%, compared with 0.00% for BPH.

What is the main difference between BPH and JMTG?

BPH is categorized as Oil & Gas, while JMTG is Mortgage Backed Securities. They also come from different issuers: Precidian and JPMorgan. Their fees differ too: 0.19% for BPH and 0.24% for JMTG.