CEW vs. BPH

Last updated Jun 4, 2026

CEW (WisdomTree Emerging Currency Strategy Fund) and BPH (BP p.l.c. ADRhedged ETF) are both exchange-traded funds - CEW is a Currency fund actively managed by WisdomTree, while BPH is a Oil & Gas fund actively managed by Precidian. Both are actively managed. At a correlation of -0.43, they often move in opposite directions. CEW charges 0.55%/yr vs 0.19%/yr for BPH.

Performance

CEW vs. BPH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Emerging Currency Strategy Fund (CEW) and BP p.l.c. ADRhedged ETF (BPH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CEW

• 1D: -0.25%
• 1M: 0.38%
• YTD: 2.70%
• 6M: 3.84%
• 1Y: 8.61%
• 3Y*: 6.87%
• 5Y*: 3.05%
• 10Y*: 2.54%

BPH

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

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

CEW vs. BPH - Yearly Performance Comparison

	2026 (YTD)
CEW WisdomTree Emerging Currency Strategy Fund	0.08%
BPH BP p.l.c. ADRhedged ETF	2.83%

Correlation

The correlation between CEW and BPH is -0.43, 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	-0.43

Return for Risk

CEW vs. BPH — Risk / Return Rank

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

CEW

CEW Risk / Return Rank: 42
CEW Sharpe Ratio Rank: 39
CEW Sortino Ratio Rank: 39
CEW Omega Ratio Rank: 39
CEW Calmar Ratio Rank: 45
CEW Martin Ratio Rank: 46

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.

CEW vs. BPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Currency Strategy Fund (CEW) 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.

	CEW	BPH	Difference
Sharpe ratio Return per unit of total volatility	1.39	—	—
Sortino ratio Return per unit of downside risk	2.02	—	—
Omega ratio Gain probability vs. loss probability	1.26	—	—
Calmar ratio Return relative to maximum drawdown	2.24	—	—
Martin ratio Return relative to average drawdown	7.57	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CEW	BPH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	9.48	-9.34

Drawdowns

CEW vs. BPH - Drawdown Comparison

The maximum CEW drawdown since its inception was -27.89%, which is greater than BPH's maximum drawdown of -2.35%. Use the drawdown chart below to compare losses from any high point for CEW and BPH.

Drawdown Indicators

	CEW	BPH	Difference
Max Drawdown Largest peak-to-trough decline	-27.89%	-2.35%	-25.54%
Max Drawdown (1Y) Largest decline over 1 year	-3.85%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.28%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.02%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-17.72%	—	—
Current Drawdown Current decline from peak	-0.93%	0.00%	-0.93%
Average Drawdown Average peak-to-trough decline	-13.01%	-1.08%	-11.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.14%	—	—

Volatility

Volatility by Period

	CEW	BPH	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.65%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.04%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.23%	25.75%	-19.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.85%	25.75%	-18.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.03%	25.75%	-18.72%

CEW vs. BPH - Expense Ratio Comparison

CEW has a 0.55% expense ratio, which is higher than BPH's 0.19% expense ratio.

Dividends

CEW vs. BPH - Dividend Comparison

CEW's dividend yield for the trailing twelve months is around 2.41%, while BPH has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BPH BP p.l.c. ADRhedged ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CEW WisdomTree Emerging Currency Strategy Fund	2.41%	2.47%	5.42%	2.00%	0.80%	0.00%	0.64%	1.90%	1.87%

Frequently Asked Questions

Can I hold both CEW and BPH in my portfolio?

CEW and BPH have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CEW or BPH?

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, CEW or BPH?

BPH is cheaper with a 0.19% expense ratio, compared with 0.55% for CEW.

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

CEW has the higher dividend yield at 2.41%, compared with 0.00% for BPH.

What is the main difference between CEW and BPH?

CEW is categorized as Currency, while BPH is Oil & Gas. They also come from different issuers: WisdomTree and Precidian. Their fees differ too: 0.55% for CEW and 0.19% for BPH.