FMCX vs. BPH

Last updated Jul 14, 2026

FMCX (FMC Excelsior Focus Equity ETF) and BPH (BP p.l.c. ADRhedged ETF) are both exchange-traded funds - FMCX is a Large Cap Blend Equities fund actively managed by First Manhattan, while BPH is a Energy Equities fund actively managed by Precidian. Both are actively managed. At a correlation of -0.34, they often move in opposite directions. FMCX charges 0.70%/yr vs 0.19%/yr for BPH.

Performance

FMCX vs. BPH - Performance Comparison

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

Returns By Period

FMCX

• 1D: -1.04%
• 1M: 0.07%
• 6M: 1.19%
• YTD: 5.24%
• 1Y: 9.42%
• 3Y*: 13.94%
• 5Y*: —
• 10Y*: —

BPH

• 1D: 4.41%
• 1M: -3.74%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FMCX vs. BPH - Yearly Performance Comparison

	2026 (YTD)
FMCX FMC Excelsior Focus Equity ETF	-1.21%
BPH BP p.l.c. ADRhedged ETF	-3.15%

Correlation

The correlation between FMCX and BPH is -0.34, 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	-0.34

FMCX vs. BPH - Sectors Allocation Comparison

Sectors	FMCX	BPH
Technology	31.2%	-
Industrials	21.3%	-
Consumer Cyclical	15.5%	-
Financial Services	13.6%	-
Healthcare	9.3%	-
Communication Services	5.3%	-
Basic Materials	3.8%	-
Consumer Defensive	-	-
Energy	-	100.0%
Real Estate	-	-
Utilities	-	-

Return for Risk

FMCX vs. BPH — Risk / Return Rank

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

FMCX

FMCX Risk / Return Rank: 23
FMCX Sharpe Ratio Rank: 24
FMCX Sortino Ratio Rank: 23
FMCX Omega Ratio Rank: 22
FMCX Calmar Ratio Rank: 21
FMCX 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.

FMCX vs. BPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FMC Excelsior Focus Equity ETF (FMCX) 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.

	FMCX	BPH	Difference
Sharpe ratio: Return per unit of total volatility	0.71	—	—
Sortino ratio: Return per unit of downside risk	1.10	—	—
Omega ratio: Gain probability vs. loss probability	1.13	—	—
Calmar ratio: Return relative to maximum drawdown	0.75	—	—
Martin ratio: Return relative to average drawdown	2.59	—	—

Drawdowns

FMCX vs. BPH - Drawdown Comparison

The maximum FMCX drawdown since its inception was -17.70%, which is greater than BPH's maximum drawdown of -15.58%. Use the drawdown chart below to compare losses from any high point for FMCX and BPH.

Drawdown Indicators

	FMCX	BPH	Difference
Max Drawdown Largest peak-to-trough decline	-17.70%	-15.58%	-2.12%
Max Drawdown (1Y) Largest decline over 1 year	-12.59%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.70%	—	—
Current Drawdown Current decline from peak	-2.86%	-6.41%	+3.55%
Average Drawdown Average peak-to-trough decline	-4.23%	-6.77%	+2.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.64%	—	—

Volatility

Volatility by Period

	FMCX	BPH	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.16%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.43%	28.88%	-15.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.20%	28.88%	-12.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.20%	28.88%	-12.68%

FMCX vs. BPH - Expense Ratio Comparison

FMCX has a 0.70% expense ratio, which is higher than BPH's 0.19% expense ratio.

Dividends

FMCX vs. BPH - Dividend Comparison

FMCX's dividend yield for the trailing twelve months is around 0.29%, less than BPH's 0.52% yield.

Position	TTM	2025	2024	2023	2022
BPH BP p.l.c. ADRhedged ETF	0.52%	0.00%	0.00%	0.00%	0.00%
FMCX FMC Excelsior Focus Equity ETF	0.29%	0.35%	2.12%	1.34%	1.19%

Frequently Asked Questions

Can I hold both FMCX and BPH in my portfolio?

FMCX and BPH have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FMCX 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, FMCX or BPH?

BPH is cheaper with a 0.19% expense ratio, compared with 0.70% for FMCX.

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

BPH has the higher dividend yield at 0.52%, compared with 0.29% for FMCX.

What is the main difference between FMCX and BPH?

FMCX is categorized as Large Cap Blend Equities, while BPH is Energy Equities. They also come from different issuers: First Manhattan and Precidian. Their fees differ too: 0.70% for FMCX and 0.19% for BPH.