HBDC vs. BPH

Last updated Jul 12, 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 Energy Equities fund actively managed by Precidian. Both are actively managed. At a 0.06 correlation, their price movements are largely independent. 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: -0.02%
• 1M: 0.55%
• 6M: 0.94%
• YTD: 0.81%
• 1Y: 4.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BPH

• 1D: 1.58%
• 1M: -7.71%
• 6M: —
• YTD: —
• 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	0.92%
BPH BP p.l.c. ADRhedged ETF	-7.24%

Correlation

The correlation between HBDC and BPH is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 26, 2026	0.06

Return for Risk

HBDC vs. BPH — Risk / Return Rank

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

HBDC

HBDC Risk / Return Rank: 46
HBDC Sharpe Ratio Rank: 52
HBDC Sortino Ratio Rank: 55
HBDC Omega Ratio Rank: 55
HBDC Calmar Ratio Rank: 33
HBDC Martin Ratio Rank: 35

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.

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.

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.

	HBDC	BPH	Difference
Sharpe ratio: Return per unit of total volatility	1.41	—	—
Sortino ratio: Return per unit of downside risk	2.11	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	1.34	—	—
Martin ratio: Return relative to average drawdown	4.20	—	—

Drawdowns

HBDC vs. BPH - Drawdown Comparison

The maximum HBDC drawdown since its inception was -2.96%, smaller than the maximum BPH drawdown of -15.58%. 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%	-15.58%	+12.62%
Max Drawdown (1Y) Largest decline over 1 year	-2.96%	—	—
Current Drawdown Current decline from peak	-0.10%	-10.37%	+10.27%
Average Drawdown Average peak-to-trough decline	-0.64%	-6.79%	+6.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.94%	—	—

Volatility

Volatility by Period

	HBDC	BPH	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.12%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.81%	26.30%	-23.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.93%	26.30%	-23.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.93%	26.30%	-23.37%

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 4.92%, more than BPH's 0.54% yield.

Position	TTM	2025
BPH BP p.l.c. ADRhedged ETF	0.54%	0.00%
HBDC Hilton BDC Corporate Bond ETF	4.92%	2.42%

Frequently Asked Questions

Can I hold both HBDC and BPH in my portfolio?

HBDC and BPH have a correlation of 0.06, 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 4.92%, compared with 0.54% for BPH.

What is the main difference between HBDC and BPH?

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