TCPB vs. BPH

Last updated Jun 4, 2026

TCPB (Thrivent Core Plus Bond ETF) and BPH (BP p.l.c. ADRhedged ETF) are both exchange-traded funds - TCPB is a Intermediate Core-Plus Bond fund actively managed by Thrivent, while BPH is a Oil & Gas fund actively managed by Precidian. Both are actively managed. At a correlation of -0.60, they often move in opposite directions. TCPB charges 0.39%/yr vs 0.19%/yr for BPH.

Performance

TCPB vs. BPH - Performance Comparison

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

Returns By Period

TCPB

• 1D: -0.25%
• 1M: 0.36%
• YTD: 0.43%
• 6M: 0.31%
• 1Y: 5.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BPH

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

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

TCPB vs. BPH - Yearly Performance Comparison

	2026 (YTD)
TCPB Thrivent Core Plus Bond ETF	0.07%
BPH BP p.l.c. ADRhedged ETF	2.83%

Correlation

The correlation between TCPB and BPH is -0.60, 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	-0.60

Return for Risk

TCPB vs. BPH — Risk / Return Rank

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

TCPB

TCPB Risk / Return Rank: 43
TCPB Sharpe Ratio Rank: 42
TCPB Sortino Ratio Rank: 44
TCPB Omega Ratio Rank: 43
TCPB Calmar Ratio Rank: 45
TCPB Martin Ratio Rank: 42

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.

TCPB vs. BPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Core Plus Bond ETF (TCPB) 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.

	TCPB	BPH	Difference
Sharpe ratio: Return per unit of total volatility	1.46	—	—
Sortino ratio: Return per unit of downside risk	2.19	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.19	—	—
Martin ratio: Return relative to average drawdown	6.60	—	—
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

	TCPB	BPH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.18	9.48	-8.30

Drawdowns

TCPB vs. BPH - Drawdown Comparison

The maximum TCPB drawdown since its inception was -2.74%, which is greater than BPH's maximum drawdown of -2.35%. Use the drawdown chart below to compare losses from any high point for TCPB and BPH.

Drawdown Indicators

	TCPB	BPH	Difference
Max Drawdown Largest peak-to-trough decline	-2.74%	-2.35%	-0.39%
Max Drawdown (1Y) Largest decline over 1 year	-2.74%	—	—
Current Drawdown Current decline from peak	-1.34%	0.00%	-1.34%
Average Drawdown Average peak-to-trough decline	-0.79%	-1.08%	+0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.91%	—	—

Volatility

Volatility by Period

	TCPB	BPH	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.10%	25.75%	-21.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.45%	25.75%	-21.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.45%	25.75%	-21.30%

TCPB vs. BPH - Expense Ratio Comparison

TCPB has a 0.39% expense ratio, which is higher than BPH's 0.19% expense ratio.

Dividends

TCPB vs. BPH - Dividend Comparison

TCPB's dividend yield for the trailing twelve months is around 4.78%, while BPH has not paid dividends to shareholders.

Position	TTM	2025
BPH BP p.l.c. ADRhedged ETF	0.00%	0.00%
TCPB Thrivent Core Plus Bond ETF	4.78%	3.85%

Frequently Asked Questions

Can I hold both TCPB and BPH in my portfolio?

TCPB and BPH have a correlation of -0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TCPB 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, TCPB or BPH?

BPH is cheaper with a 0.19% expense ratio, compared with 0.39% for TCPB.

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

TCPB has the higher dividend yield at 4.78%, compared with 0.00% for BPH.

What is the main difference between TCPB and BPH?

TCPB is categorized as Intermediate Core-Plus Bond, while BPH is Oil & Gas. They also come from different issuers: Thrivent and Precidian. Their fees differ too: 0.39% for TCPB and 0.19% for BPH.