BPH vs. PXJ

Last updated Jun 24, 2026

BPH (BP p.l.c. ADRhedged ETF) and PXJ (Invesco Dynamic Oil & Gas Services ETF) are both Energy Equities funds. BPH is actively managed, while PXJ is passively managed. A 0.77 correlation means they provide meaningful diversification when combined. BPH charges 0.19%/yr vs 0.63%/yr for PXJ.

Performance

BPH vs. PXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BP p.l.c. ADRhedged ETF (BPH) and Invesco Dynamic Oil & Gas Services ETF (PXJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BPH

• 1D: -0.55%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PXJ

• 1D: 0.11%
• 1M: -8.62%
• YTD: 42.12%
• 6M: 42.80%
• 1Y: 74.07%
• 3Y*: 24.32%
• 5Y*: 17.58%
• 10Y*: -1.36%

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

BPH vs. PXJ - Yearly Performance Comparison

	2026 (YTD)
BPH BP p.l.c. ADRhedged ETF	-5.53%
PXJ Invesco Dynamic Oil & Gas Services ETF	-8.62%

Correlation

The correlation between BPH and PXJ is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 26, 2026	0.77

BPH vs. PXJ - Sectors Allocation Comparison

Sectors	BPH	PXJ
Energy	100.0%	93.9%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	0.2%
Healthcare	-	-
Industrials	-	5.9%
Real Estate	-	-
Technology	-	-
Utilities	-	2.1%

Return for Risk

BPH vs. PXJ — 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.

PXJ

PXJ Risk / Return Rank: 87
PXJ Sharpe Ratio Rank: 89
PXJ Sortino Ratio Rank: 85
PXJ Omega Ratio Rank: 79
PXJ Calmar Ratio Rank: 92
PXJ Martin Ratio Rank: 90

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. PXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BP p.l.c. ADRhedged ETF (BPH) and Invesco Dynamic Oil & Gas Services ETF (PXJ). 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	PXJ	Difference
Sharpe ratio: Return per unit of total volatility	—	2.81	—
Sortino ratio: Return per unit of downside risk	—	3.57	—
Omega ratio: Gain probability vs. loss probability	—	1.44	—
Calmar ratio: Return relative to maximum drawdown	—	5.79	—
Martin ratio: Return relative to average drawdown	—	19.22	—

Drawdowns

BPH vs. PXJ - Drawdown Comparison

The maximum BPH drawdown since its inception was -9.43%, smaller than the maximum PXJ drawdown of -94.82%. Use the drawdown chart below to compare losses from any high point for BPH and PXJ.

Drawdown Indicators

	BPH	PXJ	Difference
Max Drawdown Largest peak-to-trough decline	-9.43%	-94.82%	+85.39%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.86%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-40.03%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-40.03%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-87.72%	—
Current Drawdown Current decline from peak	-8.71%	-67.53%	+58.82%
Average Drawdown Average peak-to-trough decline	-3.18%	-55.69%	+52.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.87%	—

Volatility

Volatility by Period

	BPH	PXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.62%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.50%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.10%	26.77%	-2.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.10%	34.48%	-10.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.10%	39.34%	-15.24%

BPH vs. PXJ - Expense Ratio Comparison

BPH has a 0.19% expense ratio, which is lower than PXJ's 0.63% expense ratio.

Dividends

BPH vs. PXJ - Dividend Comparison

BPH's dividend yield for the trailing twelve months is around 0.53%, less than PXJ's 2.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BPH BP p.l.c. ADRhedged ETF	0.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PXJ Invesco Dynamic Oil & Gas Services ETF	2.46%	2.91%	3.34%	1.99%	0.65%	2.40%	4.72%	1.87%	0.99%	2.75%	1.18%	2.36%

Frequently Asked Questions

Can I hold both BPH and PXJ in my portfolio?

BPH and PXJ have a correlation of 0.77, 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 PXJ?

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 PXJ?

BPH is cheaper with a 0.19% expense ratio, compared with 0.63% for PXJ.

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

PXJ has the higher dividend yield at 2.46%, compared with 0.53% for BPH.

What is the main difference between BPH and PXJ?

They also come from different issuers: Precidian and Invesco. Their fees differ too: 0.19% for BPH and 0.63% for PXJ.