BPH vs. MSTI

Last updated Jun 23, 2026

BPH (BP p.l.c. ADRhedged ETF) and MSTI (Madison Short-Term Strategic Income ETF) are both exchange-traded funds - BPH is a Energy Equities fund actively managed by Precidian, while MSTI is a Short-Term Bond fund actively managed by Madison. Both are actively managed. At a correlation of -0.41, they often move in opposite directions. BPH charges 0.19%/yr vs 0.40%/yr for MSTI.

Performance

BPH vs. MSTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BP p.l.c. ADRhedged ETF (BPH) and Madison Short-Term Strategic Income ETF (MSTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BPH

• 1D: 1.34%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTI

• 1D: -0.12%
• 1M: 0.24%
• YTD: 0.63%
• 6M: 1.19%
• 1Y: 3.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BPH vs. MSTI - Yearly Performance Comparison

	2026 (YTD)
BPH BP p.l.c. ADRhedged ETF	-5.01%
MSTI Madison Short-Term Strategic Income ETF	0.24%

Correlation

The correlation between BPH and MSTI is -0.41, 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 26, 2026	-0.41

Return for Risk

BPH vs. MSTI — Risk / Return Rank

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

BPH

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

MSTI

MSTI Risk / Return Rank: 55
MSTI Sharpe Ratio Rank: 47
MSTI Sortino Ratio Rank: 49
MSTI Omega Ratio Rank: 51
MSTI Calmar Ratio Rank: 61
MSTI Martin Ratio Rank: 67

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. MSTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BP p.l.c. ADRhedged ETF (BPH) and Madison Short-Term Strategic Income ETF (MSTI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BPH	MSTI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.58	—
Sortino ratio: Return per unit of downside risk	—	2.36	—
Omega ratio: Gain probability vs. loss probability	—	1.31	—
Calmar ratio: Return relative to maximum drawdown	—	2.93	—
Martin ratio: Return relative to average drawdown	—	11.87	—

Drawdowns

BPH vs. MSTI - Drawdown Comparison

The maximum BPH drawdown since its inception was -9.43%, which is greater than MSTI's maximum drawdown of -1.48%. Use the drawdown chart below to compare losses from any high point for BPH and MSTI.

Drawdown Indicators

	BPH	MSTI	Difference
Max Drawdown Largest peak-to-trough decline	-9.43%	-1.48%	-7.95%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.32%	—
Current Drawdown Current decline from peak	-8.21%	-0.33%	-7.88%
Average Drawdown Average peak-to-trough decline	-2.89%	-0.29%	-2.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.32%	—

Volatility

Volatility by Period

	BPH	MSTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.49%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.64%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.73%	2.45%	+22.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.73%	2.70%	+22.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.73%	2.70%	+22.03%

BPH vs. MSTI - Expense Ratio Comparison

BPH has a 0.19% expense ratio, which is lower than MSTI's 0.40% expense ratio.

Dividends

BPH vs. MSTI - Dividend Comparison

BPH's dividend yield for the trailing twelve months is around 0.53%, less than MSTI's 5.34% yield.

Position	TTM	2025	2024	2023
BPH BP p.l.c. ADRhedged ETF	0.53%	0.00%	0.00%	0.00%
MSTI Madison Short-Term Strategic Income ETF	5.34%	5.40%	5.48%	1.55%

Frequently Asked Questions

Can I hold both BPH and MSTI in my portfolio?

BPH and MSTI have a correlation of -0.41, 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 MSTI?

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 MSTI?

BPH is cheaper with a 0.19% expense ratio, compared with 0.40% for MSTI.

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

MSTI has the higher dividend yield at 5.34%, compared with 0.53% for BPH.

What is the main difference between BPH and MSTI?

BPH is categorized as Energy Equities, while MSTI is Short-Term Bond. They also come from different issuers: Precidian and Madison. Their fees differ too: 0.19% for BPH and 0.40% for MSTI.