JMTG vs. BPH

Last updated Jul 28, 2026

JMTG (JPMorgan Mortgage-Backed Securities ETF) and BPH (BP p.l.c. ADRhedged ETF) are both exchange-traded funds - JMTG is a Mortgage Backed Securities fund actively managed by JPMorgan, while BPH is a Energy Equities fund actively managed by Precidian. Both are actively managed. Their -0.44 correlation means they have often moved in opposite directions in the past. JMTG charges 0.24%/yr vs 0.19%/yr for BPH.

Performance

JMTG vs. BPH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Mortgage-Backed Securities ETF (JMTG) and BP p.l.c. ADRhedged ETF (BPH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JMTG

• 1D: 0.22%
• 1M: -0.92%
• 6M: -0.08%
• YTD: 0.28%
• 1Y: 4.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.93%

BPH

• 1D: -3.01%
• 1M: 12.73%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BPH BP p.l.c. ADRhedged ETF	$43.80K	$44.85K	$49.89K
JMTG JPMorgan Mortgage-Backed Securities ETF	$24.75M	$27.99M	$36.83M

JMTG vs. BPH - Yearly Performance Comparison

	2026 (YTD)
JMTG JPMorgan Mortgage-Backed Securities ETF	0.25%
BPH BP p.l.c. ADRhedged ETF	0.72%

Correlation

The correlation between JMTG and BPH is -0.44, 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	-0.44

Return for Risk

JMTG vs. BPH — Risk / Return Rank

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

JMTG

JMTG Risk / Return Rank: 52
JMTG Sharpe Ratio Rank: 57
JMTG Sortino Ratio Rank: 59
JMTG Omega Ratio Rank: 55
JMTG Calmar Ratio Rank: 50
JMTG Martin Ratio Rank: 42

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.

JMTG vs. BPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Mortgage-Backed Securities ETF (JMTG) 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.

	JMTG	BPH	Difference
Sharpe ratio: Return per unit of total volatility	1.34	—	—
Sortino ratio: Return per unit of downside risk	1.99	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	1.76	—	—
Martin ratio: Return relative to average drawdown	4.56	—	—

Drawdowns

JMTG vs. BPH - Drawdown Comparison

The maximum JMTG drawdown since its inception was -2.78%, smaller than the maximum BPH drawdown of -15.58%. Use the drawdown chart below to compare losses from any high point for JMTG and BPH.

Drawdown Indicators

	JMTG	BPH	Difference
Max Drawdown Largest peak-to-trough decline	-2.78%	-15.58%	+12.80%
Max Drawdown (1Y) Largest decline over 1 year	-2.78%	—	—
Current Drawdown Current decline from peak	-1.96%	-3.26%	+1.30%
Average Drawdown Average peak-to-trough decline	-0.79%	-6.01%	+5.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.07%	—	—

Volatility

Volatility by Period

	JMTG	BPH	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.85%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.66%	28.11%	-24.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.66%	28.11%	-24.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.66%	28.11%	-24.45%

JMTG vs. BPH - Expense Ratio Comparison

JMTG has a 0.24% expense ratio, which is higher than BPH's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

JMTG vs. BPH - Dividend Comparison

JMTG's dividend yield for the trailing twelve months is around 4.33%, more than BPH's 0.50% yield.

Position	TTM	2025
BPH BP p.l.c. ADRhedged ETF	0.50%	0.00%
JMTG JPMorgan Mortgage-Backed Securities ETF	4.33%	2.10%

Frequently Asked Questions

Can I hold both JMTG and BPH in my portfolio?

JMTG and BPH have a correlation of -0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JMTG 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, JMTG or BPH?

BPH is cheaper with a 0.19% expense ratio, compared with 0.24% for JMTG.

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

JMTG has the higher dividend yield at 4.33%, compared with 0.50% for BPH.

What is the main difference between JMTG and BPH?

JMTG is categorized as Mortgage Backed Securities, while BPH is Energy Equities. They also come from different issuers: JPMorgan and Precidian. Their fees differ too: 0.24% for JMTG and 0.19% for BPH.