GVLE vs. BPH

Last updated Aug 2, 2026

GVLE (Goldman Sachs Value Opportunities ETF) and BPH (BP p.l.c. ADRhedged ETF) are both exchange-traded funds - GVLE is a Large Cap Value Equities fund actively managed by Goldman Sachs, while BPH is a Energy Equities fund actively managed by Precidian. Both are actively managed. Their -0.04 correlation means they have often moved in opposite directions in the past. GVLE charges 0.45%/yr vs 0.19%/yr for BPH.

Performance

GVLE vs. BPH - Performance Comparison

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

Returns By Period

GVLE

• 1D: 2.16%
• 1M: 2.61%
• 6M: 16.20%
• YTD: 18.84%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BPH

• 1D: 2.00%
• 1M: 18.84%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BPH BP p.l.c. ADRhedged ETF	$53.46K	$52.99K	$51.54K
GVLE Goldman Sachs Value Opportunities ETF	$50.89K	$151.90K	$80.35K

GVLE vs. BPH - Yearly Performance Comparison

	2026 (YTD)
GVLE Goldman Sachs Value Opportunities ETF	8.25%
BPH BP p.l.c. ADRhedged ETF	5.67%

Correlation

The correlation between GVLE and BPH is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 26, 2026	-0.04

Return for Risk

GVLE vs. BPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Value Opportunities ETF (GVLE) 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.

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

Drawdowns

GVLE vs. BPH - Drawdown Comparison

The maximum GVLE drawdown since its inception was -7.88%, smaller than the maximum BPH drawdown of -15.58%. Use the drawdown chart below to compare losses from any high point for GVLE and BPH.

Drawdown Indicators

	GVLE	BPH	Difference
Max Drawdown Largest peak-to-trough decline	-7.88%	-15.58%	+7.70%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.16%	-5.64%	+4.48%

Volatility

Volatility by Period

	GVLE	BPH	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.05%	28.58%	-14.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.05%	28.58%	-14.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.05%	28.58%	-14.53%

GVLE vs. BPH - Expense Ratio Comparison

GVLE has a 0.45% expense ratio, which is higher than BPH's 0.19% expense ratio.

Dividends

GVLE vs. BPH - Dividend Comparison

GVLE's dividend yield for the trailing twelve months is around 0.98%, more than BPH's 0.48% yield.

Position	TTM	2025
BPH BP p.l.c. ADRhedged ETF	0.48%	0.00%
GVLE Goldman Sachs Value Opportunities ETF	0.98%	1.16%

Frequently Asked Questions

Can I hold both GVLE and BPH in my portfolio?

GVLE and BPH have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GVLE 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, GVLE or BPH?

BPH is cheaper with a 0.19% expense ratio, compared with 0.45% for GVLE.

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

GVLE has the higher dividend yield at 0.98%, compared with 0.48% for BPH.

What is the main difference between GVLE and BPH?

GVLE is categorized as Large Cap Value Equities, while BPH is Energy Equities. They also come from different issuers: Goldman Sachs and Precidian. Their fees differ too: 0.45% for GVLE and 0.19% for BPH.