DEFR vs. BPH

Last updated Jun 23, 2026

DEFR (Aptus Deferred Income ETF) and BPH (BP p.l.c. ADRhedged ETF) are both exchange-traded funds - DEFR is a Intermediate Core-Plus Bond fund actively managed by Aptus, while BPH is a Energy Equities fund actively managed by Precidian. Both are actively managed. At a correlation of -0.33, they often move in opposite directions. DEFR charges 0.79%/yr vs 0.19%/yr for BPH.

Performance

DEFR vs. BPH - Performance Comparison

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

Returns By Period

DEFR

• 1D: -0.35%
• 1M: 0.51%
• YTD: -0.46%
• 6M: -0.61%
• 1Y: 4.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BPH

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

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

DEFR vs. BPH - Yearly Performance Comparison

	2026 (YTD)
DEFR Aptus Deferred Income ETF	0.51%
BPH BP p.l.c. ADRhedged ETF	-5.01%

Correlation

The correlation between DEFR and BPH is -0.33, 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	-0.33

Return for Risk

DEFR vs. BPH — Risk / Return Rank

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

DEFR

DEFR Risk / Return Rank: 26
DEFR Sharpe Ratio Rank: 27
DEFR Sortino Ratio Rank: 25
DEFR Omega Ratio Rank: 25
DEFR Calmar Ratio Rank: 26
DEFR Martin Ratio Rank: 25

BPH

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

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.

DEFR vs. BPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus Deferred Income ETF (DEFR) 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.

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.

	DEFR	BPH	Difference
Sharpe ratio: Return per unit of total volatility	0.94	—	—
Sortino ratio: Return per unit of downside risk	1.35	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	1.25	—	—
Martin ratio: Return relative to average drawdown	3.19	—	—

Drawdowns

DEFR vs. BPH - Drawdown Comparison

The maximum DEFR drawdown since its inception was -3.90%, smaller than the maximum BPH drawdown of -9.43%. Use the drawdown chart below to compare losses from any high point for DEFR and BPH.

Drawdown Indicators

	DEFR	BPH	Difference
Max Drawdown Largest peak-to-trough decline	-3.90%	-9.43%	+5.53%
Max Drawdown (1Y) Largest decline over 1 year	-3.90%	—	—
Current Drawdown Current decline from peak	-2.76%	-8.21%	+5.45%
Average Drawdown Average peak-to-trough decline	-1.01%	-2.89%	+1.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	—	—

Volatility

Volatility by Period

	DEFR	BPH	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.50%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.18%	24.73%	-19.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.35%	24.73%	-19.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.35%	24.73%	-19.38%

DEFR vs. BPH - Expense Ratio Comparison

DEFR has a 0.79% expense ratio, which is higher than BPH's 0.19% expense ratio.

Dividends

DEFR vs. BPH - Dividend Comparison

DEFR has not paid dividends to shareholders, while BPH's dividend yield for the trailing twelve months is around 0.53%.

Position	TTM
BPH BP p.l.c. ADRhedged ETF	0.53%
DEFR Aptus Deferred Income ETF	0.00%

Frequently Asked Questions

Can I hold both DEFR and BPH in my portfolio?

DEFR and BPH have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DEFR 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, DEFR or BPH?

BPH is cheaper with a 0.19% expense ratio, compared with 0.79% for DEFR.

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

BPH has the higher dividend yield at 0.53%, compared with 0.00% for DEFR.

What is the main difference between DEFR and BPH?

DEFR is categorized as Intermediate Core-Plus Bond, while BPH is Energy Equities. They also come from different issuers: Aptus and Precidian. Their fees differ too: 0.79% for DEFR and 0.19% for BPH.