GXDW vs. BPH

Last updated Jul 15, 2026

GXDW (Global X Dorsey Wright Thematic ETF) and BPH (BP p.l.c. ADRhedged ETF) are both exchange-traded funds - GXDW is a Systematic Trend fund tracking the Nasdaq Dorsey Wright Thematic Rotation Total Return Index, while BPH is a Energy Equities fund actively managed by Precidian. GXDW is passively managed, while BPH is actively managed. At a correlation of -0.17, they often move in opposite directions. GXDW charges 0.50%/yr vs 0.19%/yr for BPH.

Performance

GXDW vs. BPH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Dorsey Wright Thematic ETF (GXDW) and BP p.l.c. ADRhedged ETF (BPH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GXDW

• 1D: 1.18%
• 1M: -11.94%
• 6M: -5.62%
• YTD: 1.70%
• 1Y: -4.05%
• 3Y*: -4.23%
• 5Y*: -12.06%
• 10Y*: —

BPH

• 1D: 1.14%
• 1M: -2.64%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GXDW vs. BPH - Yearly Performance Comparison

	2026 (YTD)
GXDW Global X Dorsey Wright Thematic ETF	-16.92%
BPH BP p.l.c. ADRhedged ETF	-2.04%

Correlation

The correlation between GXDW and BPH is -0.17, 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	-0.17

Return for Risk

GXDW vs. BPH — Risk / Return Rank

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

GXDW

GXDW Risk / Return Rank: 8
GXDW Sharpe Ratio Rank: 8
GXDW Sortino Ratio Rank: 8
GXDW Omega Ratio Rank: 8
GXDW Calmar Ratio Rank: 8
GXDW Martin Ratio Rank: 8

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.

GXDW vs. BPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Dorsey Wright Thematic ETF (GXDW) 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.

	GXDW	BPH	Difference
Sharpe ratio: Return per unit of total volatility	-0.14	—	—
Sortino ratio: Return per unit of downside risk	0.01	—	—
Omega ratio: Gain probability vs. loss probability	1.00	—	—
Calmar ratio: Return relative to maximum drawdown	-0.17	—	—
Martin ratio: Return relative to average drawdown	-0.36	—	—

Drawdowns

GXDW vs. BPH - Drawdown Comparison

The maximum GXDW drawdown since its inception was -67.81%, which is greater than BPH's maximum drawdown of -15.58%. Use the drawdown chart below to compare losses from any high point for GXDW and BPH.

Drawdown Indicators

	GXDW	BPH	Difference
Max Drawdown Largest peak-to-trough decline	-67.81%	-15.58%	-52.23%
Max Drawdown (1Y) Largest decline over 1 year	-24.65%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-29.97%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-61.17%	—	—
Current Drawdown Current decline from peak	-59.80%	-5.35%	-54.45%
Average Drawdown Average peak-to-trough decline	-43.27%	-6.73%	-36.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.33%	—	—

Volatility

Volatility by Period

	GXDW	BPH	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.60%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.42%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	29.44%	28.63%	+0.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.39%	28.63%	-0.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.92%	28.63%	+1.29%

GXDW vs. BPH - Expense Ratio Comparison

GXDW has a 0.50% expense ratio, which is higher than BPH's 0.19% expense ratio.

Dividends

GXDW vs. BPH - Dividend Comparison

GXDW's dividend yield for the trailing twelve months is around 1.47%, more than BPH's 0.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BPH BP p.l.c. ADRhedged ETF	0.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GXDW Global X Dorsey Wright Thematic ETF	1.47%	1.40%	1.08%	1.99%	1.48%	1.56%	0.48%	0.31%

Frequently Asked Questions

Can I hold both GXDW and BPH in my portfolio?

GXDW and BPH have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GXDW 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, GXDW or BPH?

BPH is cheaper with a 0.19% expense ratio, compared with 0.50% for GXDW.

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

GXDW has the higher dividend yield at 1.47%, compared with 0.51% for BPH.

What is the main difference between GXDW and BPH?

GXDW is categorized as Systematic Trend, while BPH is Energy Equities. They also come from different issuers: Global X and Precidian. Their fees differ too: 0.50% for GXDW and 0.19% for BPH.