MNBD vs. BPH

Last updated Jun 4, 2026

MNBD (ALPS Intermediate Municipal Bond ETF) and BPH (BP p.l.c. ADRhedged ETF) are both exchange-traded funds - MNBD is a Municipal Bonds fund actively managed by ALPS, while BPH is a Oil & Gas fund actively managed by Precidian. Both are actively managed. At a correlation of -0.43, they often move in opposite directions. MNBD charges 0.50%/yr vs 0.19%/yr for BPH.

Performance

MNBD vs. BPH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS Intermediate Municipal Bond ETF (MNBD) and BP p.l.c. ADRhedged ETF (BPH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MNBD

• 1D: -0.26%
• 1M: 0.34%
• YTD: 1.33%
• 6M: 1.65%
• 1Y: 6.31%
• 3Y*: 4.51%
• 5Y*: —
• 10Y*: —

BPH

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

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

MNBD vs. BPH - Yearly Performance Comparison

	2026 (YTD)
MNBD ALPS Intermediate Municipal Bond ETF	0.44%
BPH BP p.l.c. ADRhedged ETF	2.83%

Correlation

The correlation between MNBD and BPH is -0.43, 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 27, 2026	-0.43

MNBD vs. BPH - Sectors Allocation Comparison

Sectors	MNBD	BPH
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	100.0%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-
Financial Services	-1.0%	-

Return for Risk

MNBD vs. BPH — Risk / Return Rank

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

MNBD

MNBD Risk / Return Rank: 71
MNBD Sharpe Ratio Rank: 78
MNBD Sortino Ratio Rank: 83
MNBD Omega Ratio Rank: 88
MNBD Calmar Ratio Rank: 55
MNBD Martin Ratio Rank: 52

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.

MNBD vs. BPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS Intermediate Municipal Bond ETF (MNBD) 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.

	MNBD	BPH	Difference
Sharpe ratio: Return per unit of total volatility	2.53	—	—
Sortino ratio: Return per unit of downside risk	3.71	—	—
Omega ratio: Gain probability vs. loss probability	1.55	—	—
Calmar ratio: Return relative to maximum drawdown	2.66	—	—
Martin ratio: Return relative to average drawdown	8.75	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MNBD	BPH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.20	9.48	-8.28

Drawdowns

MNBD vs. BPH - Drawdown Comparison

The maximum MNBD drawdown since its inception was -5.89%, which is greater than BPH's maximum drawdown of -2.35%. Use the drawdown chart below to compare losses from any high point for MNBD and BPH.

Drawdown Indicators

	MNBD	BPH	Difference
Max Drawdown Largest peak-to-trough decline	-5.89%	-2.35%	-3.54%
Max Drawdown (1Y) Largest decline over 1 year	-2.38%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-3.97%	—	—
Current Drawdown Current decline from peak	-0.92%	0.00%	-0.92%
Average Drawdown Average peak-to-trough decline	-1.09%	-1.08%	-0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.72%	—	—

Volatility

Volatility by Period

	MNBD	BPH	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.94%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.50%	25.75%	-23.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.78%	25.75%	-21.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.78%	25.75%	-21.97%

MNBD vs. BPH - Expense Ratio Comparison

MNBD has a 0.50% expense ratio, which is higher than BPH's 0.19% expense ratio.

Dividends

MNBD vs. BPH - Dividend Comparison

MNBD's dividend yield for the trailing twelve months is around 3.32%, while BPH has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
BPH BP p.l.c. ADRhedged ETF	0.00%	0.00%	0.00%	0.00%	0.00%
MNBD ALPS Intermediate Municipal Bond ETF	3.32%	3.32%	3.83%	3.44%	2.40%

Frequently Asked Questions

Can I hold both MNBD and BPH in my portfolio?

MNBD 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, MNBD 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, MNBD or BPH?

BPH is cheaper with a 0.19% expense ratio, compared with 0.50% for MNBD.

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

MNBD has the higher dividend yield at 3.32%, compared with 0.00% for BPH.

What is the main difference between MNBD and BPH?

MNBD is categorized as Municipal Bonds, while BPH is Oil & Gas. They also come from different issuers: ALPS and Precidian. Their fees differ too: 0.50% for MNBD and 0.19% for BPH.