NUMI vs. BPH

Last updated Jun 4, 2026

NUMI (Nuveen Municipal Income ETF) and BPH (BP p.l.c. ADRhedged ETF) are both exchange-traded funds - NUMI is a Municipal Bonds fund actively managed by Nuveen, while BPH is a Oil & Gas fund actively managed by Precidian. Both are actively managed. At a correlation of -0.77, they often move in opposite directions. NUMI charges 0.29%/yr vs 0.19%/yr for BPH.

Performance

NUMI vs. BPH - Performance Comparison

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

Returns By Period

NUMI

• 1D: 0.06%
• 1M: 0.54%
• YTD: 1.53%
• 6M: 1.91%
• 1Y: 7.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BPH

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

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

NUMI vs. BPH - Yearly Performance Comparison

	2026 (YTD)
NUMI Nuveen Municipal Income ETF	0.66%
BPH BP p.l.c. ADRhedged ETF	2.83%

Correlation

The correlation between NUMI and BPH is -0.77, 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	-0.77

Return for Risk

NUMI vs. BPH — Risk / Return Rank

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

NUMI

NUMI Risk / Return Rank: 66
NUMI Sharpe Ratio Rank: 69
NUMI Sortino Ratio Rank: 74
NUMI Omega Ratio Rank: 81
NUMI Calmar Ratio Rank: 56
NUMI Martin Ratio Rank: 51

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.

NUMI vs. BPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Municipal Income ETF (NUMI) 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.

	NUMI	BPH	Difference
Sharpe ratio: Return per unit of total volatility	2.24	—	—
Sortino ratio: Return per unit of downside risk	3.32	—	—
Omega ratio: Gain probability vs. loss probability	1.48	—	—
Calmar ratio: Return relative to maximum drawdown	2.76	—	—
Martin ratio: Return relative to average drawdown	8.62	—	—
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

	NUMI	BPH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	9.48	-8.57

Drawdowns

NUMI vs. BPH - Drawdown Comparison

The maximum NUMI drawdown since its inception was -4.72%, which is greater than BPH's maximum drawdown of -2.35%. Use the drawdown chart below to compare losses from any high point for NUMI and BPH.

Drawdown Indicators

	NUMI	BPH	Difference
Max Drawdown Largest peak-to-trough decline	-4.72%	-2.35%	-2.37%
Max Drawdown (1Y) Largest decline over 1 year	-2.82%	—	—
Current Drawdown Current decline from peak	-0.63%	0.00%	-0.63%
Average Drawdown Average peak-to-trough decline	-1.39%	-1.08%	-0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	—	—

Volatility

Volatility by Period

	NUMI	BPH	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.05%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.23%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.48%	25.75%	-22.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.39%	25.75%	-21.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.39%	25.75%	-21.36%

NUMI vs. BPH - Expense Ratio Comparison

NUMI has a 0.29% expense ratio, which is higher than BPH's 0.19% expense ratio.

Dividends

NUMI vs. BPH - Dividend Comparison

NUMI's dividend yield for the trailing twelve months is around 3.66%, while BPH has not paid dividends to shareholders.

Position	TTM	2025
BPH BP p.l.c. ADRhedged ETF	0.00%	0.00%
NUMI Nuveen Municipal Income ETF	3.66%	3.44%

Frequently Asked Questions

Can I hold both NUMI and BPH in my portfolio?

NUMI and BPH have a correlation of -0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NUMI 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, NUMI or BPH?

BPH is cheaper with a 0.19% expense ratio, compared with 0.29% for NUMI.

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

NUMI has the higher dividend yield at 3.66%, compared with 0.00% for BPH.

What is the main difference between NUMI and BPH?

NUMI is categorized as Municipal Bonds, while BPH is Oil & Gas. They also come from different issuers: Nuveen and Precidian. Their fees differ too: 0.29% for NUMI and 0.19% for BPH.