EMES vs. BPH

Last updated Jun 4, 2026

EMES (Harbor Emerging Markets Select ETF) and BPH (BP p.l.c. ADRhedged ETF) are both exchange-traded funds - EMES is a Emerging Markets Diversified fund actively managed by Harbor, while BPH is a Oil & Gas fund actively managed by Precidian. Both are actively managed. At a 0.14 correlation, their price movements are largely independent. EMES charges 0.65%/yr vs 0.19%/yr for BPH.

Performance

EMES vs. BPH - Performance Comparison

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

Returns By Period

EMES

• 1D: -1.25%
• 1M: 5.92%
• YTD: 28.30%
• 6M: 29.99%
• 1Y: 46.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BPH

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

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

EMES vs. BPH - Yearly Performance Comparison

	2026 (YTD)
EMES Harbor Emerging Markets Select ETF	1.87%
BPH BP p.l.c. ADRhedged ETF	2.83%

Correlation

The correlation between EMES and BPH is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	0.14

EMES vs. BPH - Sectors Allocation Comparison

Sectors	EMES	BPH
Technology	42.9%	-
Industrials	16.3%	-
Consumer Cyclical	14.8%	-
Financial Services	14.2%	-
Communication Services	4.7%	-
Consumer Defensive	3.1%	-
Real Estate	3.0%	-
Healthcare	1.1%	-
Basic Materials	-	-
Energy	-	100.0%
Utilities	-	-

Return for Risk

EMES vs. BPH — Risk / Return Rank

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

EMES

EMES Risk / Return Rank: 71
EMES Sharpe Ratio Rank: 70
EMES Sortino Ratio Rank: 65
EMES Omega Ratio Rank: 70
EMES Calmar Ratio Rank: 73
EMES Martin Ratio Rank: 75

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.

EMES vs. BPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Emerging Markets Select ETF (EMES) 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.

	EMES	BPH	Difference
Sharpe ratio Return per unit of total volatility	2.25	—	—
Sortino ratio Return per unit of downside risk	2.98	—	—
Omega ratio Gain probability vs. loss probability	1.41	—	—
Calmar ratio Return relative to maximum drawdown	3.62	—	—
Martin ratio Return relative to average drawdown	14.07	—	—
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

	EMES	BPH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.06	9.48	-7.42

Drawdowns

EMES vs. BPH - Drawdown Comparison

The maximum EMES drawdown since its inception was -12.98%, which is greater than BPH's maximum drawdown of -2.35%. Use the drawdown chart below to compare losses from any high point for EMES and BPH.

Drawdown Indicators

	EMES	BPH	Difference
Max Drawdown Largest peak-to-trough decline	-12.98%	-2.35%	-10.63%
Max Drawdown (1Y) Largest decline over 1 year	-12.98%	—	—
Current Drawdown Current decline from peak	-1.25%	0.00%	-1.25%
Average Drawdown Average peak-to-trough decline	-2.07%	-1.08%	-0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.34%	—	—

Volatility

Volatility by Period

	EMES	BPH	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.70%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.89%	25.75%	-4.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.56%	25.75%	-5.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.56%	25.75%	-5.19%

EMES vs. BPH - Expense Ratio Comparison

EMES has a 0.65% expense ratio, which is higher than BPH's 0.19% expense ratio.

Dividends

EMES vs. BPH - Dividend Comparison

EMES's dividend yield for the trailing twelve months is around 0.42%, while BPH has not paid dividends to shareholders.

Position	TTM	2025
BPH BP p.l.c. ADRhedged ETF	0.00%	0.00%
EMES Harbor Emerging Markets Select ETF	0.42%	0.53%

Frequently Asked Questions

Can I hold both EMES and BPH in my portfolio?

EMES and BPH have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EMES 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, EMES or BPH?

BPH is cheaper with a 0.19% expense ratio, compared with 0.65% for EMES.

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

EMES has the higher dividend yield at 0.42%, compared with 0.00% for BPH.

What is the main difference between EMES and BPH?

EMES is categorized as Emerging Markets Diversified, while BPH is Oil & Gas. They also come from different issuers: Harbor and Precidian. Their fees differ too: 0.65% for EMES and 0.19% for BPH.