HBDC vs. BPH

Last updated Jun 6, 2026

HBDC (Hilton BDC Corporate Bond ETF) and BPH (BP p.l.c. ADRhedged ETF) are both exchange-traded funds - HBDC is a Corporate Bonds fund actively managed by Hilton, while BPH is a Oil & Gas fund actively managed by Precidian. Both are actively managed. A 0.52 correlation means they provide meaningful diversification when combined. HBDC charges 0.39%/yr vs 0.19%/yr for BPH.

Performance

HBDC vs. BPH - Performance Comparison

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

Returns By Period

HBDC

• 1D: -0.14%
• 1M: 0.27%
• YTD: -0.04%
• 6M: 0.54%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BPH

• 1D: -1.59%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HBDC vs. BPH - Yearly Performance Comparison

	2026 (YTD)
HBDC Hilton BDC Corporate Bond ETF	-0.06%
BPH BP p.l.c. ADRhedged ETF	1.58%

Correlation

The correlation between HBDC and BPH is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	0.52

Return for Risk

HBDC vs. BPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hilton BDC Corporate Bond ETF (HBDC) 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.

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

Sharpe Ratios by Period

	HBDC	BPH	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	2.77	-1.87

Drawdowns

HBDC vs. BPH - Drawdown Comparison

The maximum HBDC drawdown since its inception was -2.96%, which is greater than BPH's maximum drawdown of -2.35%. Use the drawdown chart below to compare losses from any high point for HBDC and BPH.

Drawdown Indicators

	HBDC	BPH	Difference
Max Drawdown Largest peak-to-trough decline	-2.96%	-2.35%	-0.61%
Current Drawdown Current decline from peak	-0.67%	-1.59%	+0.92%
Average Drawdown Average peak-to-trough decline	-0.68%	-1.01%	+0.33%

Volatility

Volatility by Period

	HBDC	BPH	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.98%	24.64%	-21.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.98%	24.64%	-21.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.98%	24.64%	-21.66%

HBDC vs. BPH - Expense Ratio Comparison

HBDC has a 0.39% expense ratio, which is higher than BPH's 0.19% expense ratio.

Dividends

HBDC vs. BPH - Dividend Comparison

HBDC's dividend yield for the trailing twelve months is around 4.53%, while BPH has not paid dividends to shareholders.

Position	TTM	2025
BPH BP p.l.c. ADRhedged ETF	0.00%	0.00%
HBDC Hilton BDC Corporate Bond ETF	4.53%	2.42%

Frequently Asked Questions

Can I hold both HBDC and BPH in my portfolio?

HBDC and BPH have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HBDC 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, HBDC or BPH?

BPH is cheaper with a 0.19% expense ratio, compared with 0.39% for HBDC.

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

HBDC has the higher dividend yield at 4.53%, compared with 0.00% for BPH.

What is the main difference between HBDC and BPH?

HBDC is categorized as Corporate Bonds, while BPH is Oil & Gas. They also come from different issuers: Hilton and Precidian. Their fees differ too: 0.39% for HBDC and 0.19% for BPH.