SAPH vs. BLUI

Last updated Jul 17, 2026

SAPH (ADRhedged SAP ETF) and BLUI (Bluemonte Diversified Income ETF) are both exchange-traded funds - SAPH is a Actively Managed fund actively managed by ADRhedged, while BLUI is a Multisector Bonds fund managed by Bluemonte. Over the past year, SAPH returned -44.18% vs 8.22% for BLUI. At a 0.14 correlation, their price movements are largely independent. SAPH charges 0.19%/yr vs 0.75%/yr for BLUI.

Performance

SAPH vs. BLUI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ADRhedged SAP ETF (SAPH) and Bluemonte Diversified Income ETF (BLUI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SAPH achieves a -29.61% return, which is significantly lower than BLUI's 4.44% return.

SAPH

• 1D: 3.72%
• 1M: -0.69%
• 6M: -28.50%
• YTD: -29.61%
• 1Y: -44.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BLUI

• 1D: 0.31%
• 1M: 0.74%
• 6M: 3.13%
• YTD: 4.44%
• 1Y: 8.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SAPH vs. BLUI - Yearly Performance Comparison

	2026 (YTD)	2025
SAPH ADRhedged SAP ETF	-29.61%	-16.37%
BLUI Bluemonte Diversified Income ETF	4.44%	3.60%

Correlation

The correlation between SAPH and BLUI is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jun 23, 2025	0.14

Return for Risk

SAPH vs. BLUI — Risk / Return Rank

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

SAPH

SAPH Risk / Return Rank: 1
SAPH Sharpe Ratio Rank: 0
SAPH Sortino Ratio Rank: 1
SAPH Omega Ratio Rank: 1
SAPH Calmar Ratio Rank: 1
SAPH Martin Ratio Rank: 1

BLUI

BLUI Risk / Return Rank: 85
BLUI Sharpe Ratio Rank: 84
BLUI Sortino Ratio Rank: 87
BLUI Omega Ratio Rank: 88
BLUI Calmar Ratio Rank: 81
BLUI Martin Ratio Rank: 88

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.

SAPH vs. BLUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ADRhedged SAP ETF (SAPH) and Bluemonte Diversified Income ETF (BLUI). 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.

	SAPH	BLUI	Difference
Sharpe ratio: Return per unit of total volatility	-1.26	2.15	-3.40
Sortino ratio: Return per unit of downside risk	-1.85	3.20	-5.05
Omega ratio: Gain probability vs. loss probability	0.76	1.43	-0.67
Calmar ratio: Return relative to maximum drawdown	-0.91	3.40	-4.30
Martin ratio: Return relative to average drawdown	-1.45	14.91	-16.36

SAPH vs. BLUI - Sharpe Ratio Comparison

The current SAPH Sharpe Ratio is -1.26, which is lower than the BLUI Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of SAPH and BLUI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SAPH vs. BLUI - Drawdown Comparison

The maximum SAPH drawdown since its inception was -51.14%, which is greater than BLUI's maximum drawdown of -2.43%. Use the drawdown chart below to compare losses from any high point for SAPH and BLUI.

Drawdown Indicators

	SAPH	BLUI	Difference
Max Drawdown Largest peak-to-trough decline	-51.14%	-2.43%	-48.71%
Max Drawdown (1Y) Largest decline over 1 year	-48.85%	-2.43%	-46.42%
Current Drawdown Current decline from peak	-47.22%	0.00%	-47.22%
Average Drawdown Average peak-to-trough decline	-22.55%	-0.35%	-22.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.53%	0.55%	+29.98%

Volatility

SAPH vs. BLUI - Volatility Comparison

ADRhedged SAP ETF (SAPH) has a higher volatility of 11.43% compared to Bluemonte Diversified Income ETF (BLUI) at 1.13%. This indicates that SAPH's price experiences larger fluctuations and is considered to be riskier than BLUI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SAPH	BLUI	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.43%	1.13%	+10.30%
Volatility (6M) Calculated over the trailing 6-month period	31.75%	3.16%	+28.59%
Volatility (1Y) Calculated over the trailing 1-year period	35.26%	3.85%	+31.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.18%	3.88%	+30.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.18%	3.88%	+30.30%

SAPH vs. BLUI - Expense Ratio Comparison

SAPH has a 0.19% expense ratio, which is lower than BLUI's 0.75% expense ratio.

Dividends

SAPH vs. BLUI - Dividend Comparison

SAPH's dividend yield for the trailing twelve months is around 3.96%, less than BLUI's 5.02% yield.

Position	TTM	2025
BLUI Bluemonte Diversified Income ETF	5.02%	2.91%
SAPH ADRhedged SAP ETF	3.96%	0.00%

Frequently Asked Questions

Can I hold both SAPH and BLUI in my portfolio?

SAPH and BLUI have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SAPH or BLUI?

SAPH has higher volatility (11.43%) compared to BLUI (1.13%). In terms of maximum drawdown, SAPH dropped -51.14% vs BLUI's -2.43%.

Which ETF is better, SAPH or BLUI?

On 1-year performance, BLUI leads with 8.22% vs -44.18% for SAPH. On fees, SAPH is cheaper at 0.19% per year. On volatility, BLUI has been the lower-risk option at 1.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SAPH or BLUI?

Over the 1-year period, BLUI has performed better with a 8.22% return vs -44.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SAPH or BLUI?

SAPH is cheaper with a 0.19% expense ratio, compared with 0.75% for BLUI.

Which ETF pays a higher dividend yield, SAPH or BLUI?

BLUI has the higher dividend yield at 5.02%, compared with 3.96% for SAPH.

What is the main difference between SAPH and BLUI?

SAPH is categorized as Actively Managed, while BLUI is Multisector Bonds. They also come from different issuers: ADRhedged and Bluemonte. Their fees differ too: 0.19% for SAPH and 0.75% for BLUI.

Which has better risk-adjusted returns?

BLUI currently has the higher Sharpe Ratio (2.15 vs -1.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.