HEDG vs. BPH

Last updated Jun 4, 2026

HEDG (Equable Shares Hedged Equity ETF) and BPH (BP p.l.c. ADRhedged ETF) are both exchange-traded funds - HEDG is a Equity Hedged fund tracking the Actively Managed, while BPH is a Oil & Gas fund actively managed by Precidian. HEDG is passively managed, while BPH is actively managed. At a 0.43 correlation, their price movements are largely independent. HEDG charges 0.96%/yr vs 0.19%/yr for BPH.

Performance

HEDG vs. BPH - Performance Comparison

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

Returns By Period

HEDG

• 1D: 0.00%
• 1M: 0.64%
• YTD: 2.64%
• 6M: 3.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BPH

• 1D: 1.20%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HEDG vs. BPH - Yearly Performance Comparison

	2026 (YTD)
HEDG Equable Shares Hedged Equity ETF	0.07%
BPH BP p.l.c. ADRhedged ETF	2.83%

Correlation

The correlation between HEDG and BPH is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	0.43

HEDG vs. BPH - Sectors Allocation Comparison

Sectors	HEDG	BPH
Technology	36.2%	-
Financial Services	11.9%	-
Communication Services	10.9%	-
Consumer Cyclical	10.1%	-
Healthcare	8.4%	-
Industrials	8.1%	-
Consumer Defensive	4.9%	-
Energy	3.5%	100.0%
Utilities	2.3%	-
Real Estate	1.9%	-
Basic Materials	1.8%	-

Return for Risk

HEDG vs. BPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Equable Shares Hedged Equity ETF (HEDG) 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

	HEDG	BPH	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.60	9.48	-7.88

Drawdowns

HEDG vs. BPH - Drawdown Comparison

The maximum HEDG drawdown since its inception was -3.85%, which is greater than BPH's maximum drawdown of -2.35%. Use the drawdown chart below to compare losses from any high point for HEDG and BPH.

Drawdown Indicators

	HEDG	BPH	Difference
Max Drawdown Largest peak-to-trough decline	-3.85%	-2.35%	-1.50%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.39%	-1.08%	+0.69%

Volatility

Volatility by Period

	HEDG	BPH	Difference
Volatility (1Y) Calculated over the trailing 1-year period	5.90%	25.75%	-19.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.90%	25.75%	-19.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.90%	25.75%	-19.85%

HEDG vs. BPH - Expense Ratio Comparison

HEDG has a 0.96% expense ratio, which is higher than BPH's 0.19% expense ratio.

Dividends

HEDG vs. BPH - Dividend Comparison

HEDG's dividend yield for the trailing twelve months is around 1.84%, while BPH has not paid dividends to shareholders.

Position	TTM	2025
BPH BP p.l.c. ADRhedged ETF	0.00%	0.00%
HEDG Equable Shares Hedged Equity ETF	1.84%	1.38%

Frequently Asked Questions

Can I hold both HEDG and BPH in my portfolio?

HEDG and BPH have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HEDG 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, HEDG or BPH?

BPH is cheaper with a 0.19% expense ratio, compared with 0.96% for HEDG.

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

HEDG has the higher dividend yield at 1.84%, compared with 0.00% for BPH.

What is the main difference between HEDG and BPH?

HEDG is categorized as Equity Hedged, while BPH is Oil & Gas. They also come from different issuers: Equable Shares and Precidian. Their fees differ too: 0.96% for HEDG and 0.19% for BPH.