BTOT vs. BPH

Last updated Jun 4, 2026

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

Performance

BTOT vs. BPH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Total USD Fixed Income Market ETF (BTOT) and BP p.l.c. ADRhedged ETF (BPH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BTOT

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

BPH

• 1D: 1.20%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BTOT vs. BPH - Yearly Performance Comparison

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

Correlation

The correlation between BTOT and BPH 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

BTOT vs. BPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Total USD Fixed Income Market ETF (BTOT) and BP p.l.c. ADRhedged ETF (BPH). 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

	BTOT	BPH	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	9.48	-9.07

Drawdowns

BTOT vs. BPH - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

Volatility by Period

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

BTOT vs. BPH - Expense Ratio Comparison

BTOT has a 0.09% expense ratio, which is lower than BPH's 0.19% 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

BTOT vs. BPH - Dividend Comparison

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

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 BTOT and BPH in my portfolio?

BTOT and BPH 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, BTOT or BPH?

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, BTOT or BPH?

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

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

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

What is the main difference between BTOT and BPH?

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