IBGB vs. BPH
IBGB (iShares iBonds Dec 2045 Term Treasury ETF) and BPH (BP p.l.c. ADRhedged ETF) are both exchange-traded funds - IBGB is a Government Bonds fund tracking the ICE 2045 Maturity US Treasury Index, while BPH is a Energy Equities fund actively managed by Precidian. IBGB is passively managed, while BPH is actively managed. Their -0.56 correlation means they have often moved in opposite directions in the past. IBGB charges 0.07%/yr vs 0.19%/yr for BPH.
Performance
IBGB vs. BPH - Performance Comparison
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Returns By Period
IBGB
- 1D
- 0.77%
- 1M
- -2.11%
- 6M
- -1.81%
- YTD
- -1.86%
- 1Y
- -0.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.52%
BPH
- 1D
- -4.23%
- 1M
- 12.03%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $45.76K | $51.75K | $50.82K | |
| $32.56K | $33.15K | $77.72K |
IBGB vs. BPH - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IBGB iShares iBonds Dec 2045 Term Treasury ETF | -0.37% |
BPH BP p.l.c. ADRhedged ETF | -0.39% |
Correlation
The correlation between IBGB and BPH is -0.56, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 26, 2026 | -0.56 |
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Return for Risk
IBGB vs. BPH — Risk / Return Rank
IBGB
BPH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBGB vs. BPH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2045 Term Treasury ETF (IBGB) 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.
| IBGB | BPH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.00 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | — | — |
| Martin ratioReturn relative to average drawdown | -0.08 | — | — |
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Drawdowns
IBGB vs. BPH - Drawdown Comparison
The maximum IBGB drawdown since its inception was -8.09%, smaller than the maximum BPH drawdown of -15.58%. Use the drawdown chart below to compare losses from any high point for IBGB and BPH.
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Drawdown Indicators
| IBGB | BPH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.09% | -15.58% | +7.49% |
Max Drawdown (1Y)Largest decline over 1 year | -6.79% | — | — |
Current DrawdownCurrent decline from peak | -5.59% | -5.73% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -3.31% | -5.56% | +2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | — | — |
Volatility
IBGB vs. BPH - Volatility Comparison
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Volatility by Period
| IBGB | BPH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.36% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 6.21% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 8.02% | 29.90% | -21.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.37% | 29.90% | -20.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.37% | 29.90% | -20.53% |
IBGB vs. BPH - Expense Ratio Comparison
IBGB has a 0.07% expense ratio, which is lower than BPH's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBGB vs. BPH - Dividend Comparison
IBGB's dividend yield for the trailing twelve months is around 4.74%, more than BPH's 0.50% yield.
| Position | TTM | 2025 |
|---|---|---|
BPH BP p.l.c. ADRhedged ETF | 0.50% | 0.00% |
IBGB iShares iBonds Dec 2045 Term Treasury ETF | 4.74% | 3.53% |
Frequently Asked Questions
IBGB and BPH have a correlation of -0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBGB is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBGB is cheaper with a 0.07% expense ratio, compared with 0.19% for BPH.
IBGB has the higher dividend yield at 4.74%, compared with 0.50% for BPH.
IBGB is categorized as Government Bonds, while BPH is Energy Equities. They also come from different issuers: iShares and Precidian. Their fees differ too: 0.07% for IBGB and 0.19% for BPH.
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