KLMN vs. BPH

Last updated Jul 16, 2026

KLMN (Invesco MSCI North America Climate ETF) and BPH (BP p.l.c. ADRhedged ETF) are both exchange-traded funds - KLMN is a Large Cap Blend Equities fund tracking the MSCI Global Climate 500 North America Selection Index, while BPH is a Energy Equities fund actively managed by Precidian. KLMN is passively managed, while BPH is actively managed. At a correlation of -0.15, they often move in opposite directions. KLMN charges 0.09%/yr vs 0.19%/yr for BPH.

Performance

KLMN vs. BPH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco MSCI North America Climate ETF (KLMN) and BP p.l.c. ADRhedged ETF (BPH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KLMN

• 1D: 0.28%
• 1M: 0.38%
• 6M: 10.28%
• YTD: 11.18%
• 1Y: 22.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BPH

• 1D: -1.32%
• 1M: -1.50%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KLMN vs. BPH - Yearly Performance Comparison

	2026 (YTD)
KLMN Invesco MSCI North America Climate ETF	1.67%
BPH BP p.l.c. ADRhedged ETF	-3.33%

Correlation

The correlation between KLMN and BPH is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 26, 2026	-0.15

Return for Risk

KLMN vs. BPH — Risk / Return Rank

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

KLMN

KLMN Risk / Return Rank: 66
KLMN Sharpe Ratio Rank: 67
KLMN Sortino Ratio Rank: 66
KLMN Omega Ratio Rank: 64
KLMN Calmar Ratio Rank: 61
KLMN Martin Ratio Rank: 73

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.

KLMN vs. BPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI North America Climate ETF (KLMN) 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.

	KLMN	BPH	Difference
Sharpe ratio: Return per unit of total volatility	1.77	—	—
Sortino ratio: Return per unit of downside risk	2.45	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	2.50	—	—
Martin ratio: Return relative to average drawdown	10.72	—	—

Drawdowns

KLMN vs. BPH - Drawdown Comparison

The maximum KLMN drawdown since its inception was -19.16%, which is greater than BPH's maximum drawdown of -15.58%. Use the drawdown chart below to compare losses from any high point for KLMN and BPH.

Drawdown Indicators

	KLMN	BPH	Difference
Max Drawdown Largest peak-to-trough decline	-19.16%	-15.58%	-3.58%
Max Drawdown (1Y) Largest decline over 1 year	-8.96%	—	—
Current Drawdown Current decline from peak	-0.40%	-6.59%	+6.19%
Average Drawdown Average peak-to-trough decline	-2.49%	-6.73%	+4.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	—	—

Volatility

Volatility by Period

	KLMN	BPH	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.93%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.66%	28.41%	-15.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.35%	28.41%	-11.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.35%	28.41%	-11.06%

KLMN vs. BPH - Expense Ratio Comparison

KLMN has a 0.09% 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

KLMN vs. BPH - Dividend Comparison

KLMN's dividend yield for the trailing twelve months is around 1.19%, more than BPH's 0.52% yield.

Position	TTM	2025
BPH BP p.l.c. ADRhedged ETF	0.52%	0.00%
KLMN Invesco MSCI North America Climate ETF	1.19%	1.25%

Frequently Asked Questions

Can I hold both KLMN and BPH in my portfolio?

KLMN and BPH have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KLMN or BPH?

On fees, KLMN is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KLMN or BPH?

KLMN is cheaper with a 0.09% expense ratio, compared with 0.19% for BPH.

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

KLMN has the higher dividend yield at 1.19%, compared with 0.52% for BPH.

What is the main difference between KLMN and BPH?

KLMN is categorized as Large Cap Blend Equities, while BPH is Energy Equities. They also come from different issuers: Invesco and Precidian. Their fees differ too: 0.09% for KLMN and 0.19% for BPH.