TOGA vs. BPH

Last updated Jul 14, 2026

TOGA (Tremblant Global ETF) and BPH (BP p.l.c. ADRhedged ETF) are both exchange-traded funds - TOGA is a Global Equities fund actively managed by Tremblant Advisors, while BPH is a Energy Equities fund actively managed by Precidian. Both are actively managed. At a correlation of -0.44, they often move in opposite directions. TOGA charges 0.69%/yr vs 0.19%/yr for BPH.

Performance

TOGA vs. BPH - Performance Comparison

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

Returns By Period

TOGA

• 1D: -0.12%
• 1M: 6.18%
• 6M: -9.71%
• YTD: -8.17%
• 1Y: -8.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BPH

• 1D: 4.41%
• 1M: -3.74%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TOGA vs. BPH - Yearly Performance Comparison

	2026 (YTD)
TOGA Tremblant Global ETF	7.19%
BPH BP p.l.c. ADRhedged ETF	-3.15%

Correlation

The correlation between TOGA and BPH is -0.44, 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	-0.44

TOGA vs. BPH - Sectors Allocation Comparison

Sectors	TOGA	BPH
Technology	32.9%	-
Communication Services	30.0%	-
Consumer Cyclical	25.7%	-
Financial Services	5.2%	-
Real Estate	3.1%	-
Industrials	1.9%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	100.0%
Healthcare	-	-
Utilities	-	-

Return for Risk

TOGA vs. BPH — Risk / Return Rank

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

TOGA

TOGA Risk / Return Rank: 6
TOGA Sharpe Ratio Rank: 6
TOGA Sortino Ratio Rank: 5
TOGA Omega Ratio Rank: 5
TOGA Calmar Ratio Rank: 6
TOGA Martin Ratio Rank: 6

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.

TOGA vs. BPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tremblant Global ETF (TOGA) 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.

	TOGA	BPH	Difference
Sharpe ratio: Return per unit of total volatility	-0.42	—	—
Sortino ratio: Return per unit of downside risk	-0.44	—	—
Omega ratio: Gain probability vs. loss probability	0.95	—	—
Calmar ratio: Return relative to maximum drawdown	-0.31	—	—
Martin ratio: Return relative to average drawdown	-0.66	—	—

Drawdowns

TOGA vs. BPH - Drawdown Comparison

The maximum TOGA drawdown since its inception was -28.50%, which is greater than BPH's maximum drawdown of -15.58%. Use the drawdown chart below to compare losses from any high point for TOGA and BPH.

Drawdown Indicators

	TOGA	BPH	Difference
Max Drawdown Largest peak-to-trough decline	-28.50%	-15.58%	-12.92%
Max Drawdown (1Y) Largest decline over 1 year	-28.50%	—	—
Current Drawdown Current decline from peak	-13.87%	-6.41%	-7.46%
Average Drawdown Average peak-to-trough decline	-6.90%	-6.77%	-0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.62%	—	—

Volatility

Volatility by Period

	TOGA	BPH	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.91%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.63%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.38%	28.88%	-7.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.11%	28.88%	-7.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.11%	28.88%	-7.77%

TOGA vs. BPH - Expense Ratio Comparison

TOGA has a 0.69% expense ratio, which is higher than BPH's 0.19% expense ratio.

Dividends

TOGA vs. BPH - Dividend Comparison

TOGA has not paid dividends to shareholders, while BPH's dividend yield for the trailing twelve months is around 0.52%.

Position	TTM
BPH BP p.l.c. ADRhedged ETF	0.52%
TOGA Tremblant Global ETF	0.00%

Frequently Asked Questions

Can I hold both TOGA and BPH in my portfolio?

TOGA and BPH have a correlation of -0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TOGA 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, TOGA or BPH?

BPH is cheaper with a 0.19% expense ratio, compared with 0.69% for TOGA.

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

BPH has the higher dividend yield at 0.52%, compared with 0.00% for TOGA.

What is the main difference between TOGA and BPH?

TOGA is categorized as Global Equities, while BPH is Energy Equities. They also come from different issuers: Tremblant Advisors and Precidian. Their fees differ too: 0.69% for TOGA and 0.19% for BPH.