TOLZ vs. BP

Last updated Jun 24, 2026

TOLZ (ProShares DJ Brookfield Global Infrastructure ETF) is Industrials Equities fund tracking the Dow Jones Brookfield Global Infrastructure Composite Index, while BP (BP p.l.c.) is a stock. Over the past 10 years, TOLZ returned 7.93%/yr vs 7.74%/yr for BP. At a 0.50 correlation, their price movements are largely independent.

Performance

TOLZ vs. BP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) and BP p.l.c. (BP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TOLZ achieves a 12.09% return, which is significantly lower than BP's 16.03% return. Both investments have delivered pretty close results over the past 10 years, with TOLZ having a 7.93% annualized return and BP not far behind at 7.74%.

TOLZ

• 1D: 0.88%
• 1M: -2.33%
• YTD: 12.09%
• 6M: 12.14%
• 1Y: 16.35%
• 3Y*: 15.12%
• 5Y*: 8.72%
• 10Y*: 7.93%

BP

• 1D: -1.13%
• 1M: -11.34%
• YTD: 16.03%
• 6M: 16.53%
• 1Y: 36.72%
• 3Y*: 9.90%
• 5Y*: 13.07%
• 10Y*: 7.74%

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

TOLZ vs. BP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TOLZ ProShares DJ Brookfield Global Infrastructure ETF	12.09%	14.76%	11.67%	6.18%	-4.25%	20.47%	-9.46%	26.84%	-7.90%	13.28%
BP BP p.l.c.	16.03%	24.54%	-11.84%	6.00%	37.01%	36.38%	-41.31%	5.83%	-4.57%	20.02%

Correlation

The correlation between TOLZ and BP is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since Mar 27, 2014	0.50

Over the past year, the correlation between TOLZ and BP has dropped to 0.25 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

Return for Risk

TOLZ vs. BP — Risk / Return Rank

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

TOLZ

TOLZ Risk / Return Rank: 53
TOLZ Sharpe Ratio Rank: 48
TOLZ Sortino Ratio Rank: 48
TOLZ Omega Ratio Rank: 44
TOLZ Calmar Ratio Rank: 68
TOLZ Martin Ratio Rank: 56

BP

BP Risk / Return Rank: 77
BP Sharpe Ratio Rank: 80
BP Sortino Ratio Rank: 73
BP Omega Ratio Rank: 73
BP Calmar Ratio Rank: 77
BP Martin Ratio Rank: 84

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.

TOLZ vs. BP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) and BP p.l.c. (BP). 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.

	TOLZ	BP	Difference
Sharpe ratio: Return per unit of total volatility	1.58	1.37	+0.21
Sortino ratio: Return per unit of downside risk	2.27	1.83	+0.44
Omega ratio: Gain probability vs. loss probability	1.27	1.23	+0.04
Calmar ratio: Return relative to maximum drawdown	3.17	2.17	+1.00
Martin ratio: Return relative to average drawdown	9.16	7.81	+1.35

TOLZ vs. BP - Sharpe Ratio Comparison

The current TOLZ Sharpe Ratio is 1.58, which is comparable to the BP Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of TOLZ and BP, 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

TOLZ vs. BP - Drawdown Comparison

The maximum TOLZ drawdown since its inception was -39.33%, smaller than the maximum BP drawdown of -74.94%. Use the drawdown chart below to compare losses from any high point for TOLZ and BP.

Drawdown Indicators

	TOLZ	BP	Difference
Max Drawdown Largest peak-to-trough decline	-39.33%	-74.94%	+35.61%
Max Drawdown (1Y) Largest decline over 1 year	-5.18%	-16.97%	+11.79%
Max Drawdown (3Y) Largest decline over 3 years	-11.94%	-30.63%	+18.69%
Max Drawdown (5Y) Largest decline over 5 years	-21.85%	-30.63%	+8.78%
Max Drawdown (10Y) Largest decline over 10 years	-39.33%	-63.91%	+24.58%
Current Drawdown Current decline from peak	-2.45%	-16.48%	+14.03%
Average Drawdown Average peak-to-trough decline	-6.61%	-25.25%	+18.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.79%	4.71%	-2.92%

Volatility

TOLZ vs. BP - Volatility Comparison

The current volatility for ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) is 3.24%, while BP p.l.c. (BP) has a volatility of 8.29%. This indicates that TOLZ experiences smaller price fluctuations and is considered to be less risky than BP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TOLZ	BP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.24%	8.29%	-5.05%
Volatility (6M) Calculated over the trailing 6-month period	8.30%	21.83%	-13.53%
Volatility (1Y) Calculated over the trailing 1-year period	10.41%	27.11%	-16.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.98%	28.59%	-14.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.23%	31.23%	-15.00%

Dividends

TOLZ vs. BP - Dividend Comparison

TOLZ's dividend yield for the trailing twelve months is around 3.63%, less than BP's 5.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BP BP p.l.c.	5.08%	5.64%	6.20%	4.71%	3.94%	4.83%	9.21%	6.52%	6.41%	5.66%	6.37%	7.63%
TOLZ ProShares DJ Brookfield Global Infrastructure ETF	3.63%	3.99%	3.53%	3.34%	3.01%	3.28%	3.16%	2.96%	3.63%	3.30%	2.62%	3.67%

Frequently Asked Questions

Can I hold both TOLZ and BP in my portfolio?

TOLZ and BP have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TOLZ or BP?

BP has higher volatility (8.29%) compared to TOLZ (3.24%). In terms of maximum drawdown, TOLZ dropped -39.33% vs BP's -74.94%.

Which has better risk-adjusted returns?

TOLZ currently has the higher Sharpe Ratio (1.58 vs 1.37), 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.