UBRL vs. BPH

Last updated Aug 2, 2026

UBRL (GraniteShares 2x Long UBER Daily ETF) and BPH (BP p.l.c. ADRhedged ETF) are both exchange-traded funds - UBRL is a Leveraged Equities fund actively managed by GraniteShares, while BPH is a Energy Equities fund actively managed by Precidian. Both are actively managed. Their -0.22 correlation means they have often moved in opposite directions in the past. UBRL charges 1.15%/yr vs 0.19%/yr for BPH.

Performance

UBRL vs. BPH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long UBER Daily ETF (UBRL) and BP p.l.c. ADRhedged ETF (BPH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UBRL

• 1D: -0.17%
• 1M: -12.12%
• 6M: -30.61%
• YTD: -34.07%
• 1Y: -46.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -21.95%

BPH

• 1D: 2.00%
• 1M: 18.84%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BPH BP p.l.c. ADRhedged ETF	$53.46K	$52.99K	$51.54K
UBRL GraniteShares 2x Long UBER Daily ETF	$1.81M	$1.87M	$2.98M

UBRL vs. BPH - Yearly Performance Comparison

	2026 (YTD)
UBRL GraniteShares 2x Long UBER Daily ETF	-8.50%
BPH BP p.l.c. ADRhedged ETF	5.67%

Correlation

The correlation between UBRL and BPH is -0.22, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 26, 2026	-0.22

Return for Risk

UBRL vs. BPH — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

UBRL

UBRL Risk / Return Rank: 4
UBRL Sharpe Ratio Rank: 4
UBRL Sortino Ratio Rank: 4
UBRL Omega Ratio Rank: 4
UBRL Calmar Ratio Rank: 3
UBRL Martin Ratio Rank: 3

BPH

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

UBRL vs. BPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long UBER Daily ETF (UBRL) 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.

	UBRL	BPH	Difference
Sharpe ratio: Return per unit of total volatility	-0.69	—	—
Sortino ratio: Return per unit of downside risk	-0.85	—	—
Omega ratio: Gain probability vs. loss probability	0.91	—	—
Calmar ratio: Return relative to maximum drawdown	-0.75	—	—
Martin ratio: Return relative to average drawdown	-1.19	—	—

Drawdowns

UBRL vs. BPH - Drawdown Comparison

The maximum UBRL drawdown since its inception was -62.78%, which is greater than BPH's maximum drawdown of -15.58%. Use the drawdown chart below to compare losses from any high point for UBRL and BPH.

Drawdown Indicators

	UBRL	BPH	Difference
Max Drawdown Largest peak-to-trough decline	-62.78%	-15.58%	-47.20%
Max Drawdown (1Y) Largest decline over 1 year	-62.78%	—	—
Current Drawdown Current decline from peak	-57.94%	0.00%	-57.94%
Average Drawdown Average peak-to-trough decline	-30.54%	-5.64%	-24.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.60%	—	—

Volatility

Volatility by Period

	UBRL	BPH	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	51.61%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	68.23%	28.58%	+39.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.17%	28.58%	+47.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	76.17%	28.58%	+47.59%

UBRL vs. BPH - Expense Ratio Comparison

UBRL has a 1.15% expense ratio, which is higher than BPH's 0.19% expense ratio.

Dividends

UBRL vs. BPH - Dividend Comparison

UBRL's dividend yield for the trailing twelve months is around 15.84%, more than BPH's 0.48% yield.

Position	TTM	2025
BPH BP p.l.c. ADRhedged ETF	0.48%	0.00%
UBRL GraniteShares 2x Long UBER Daily ETF	15.84%	10.44%

Frequently Asked Questions

Can I hold both UBRL and BPH in my portfolio?

UBRL and BPH have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UBRL 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, UBRL or BPH?

BPH is cheaper with a 0.19% expense ratio, compared with 1.15% for UBRL.

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

UBRL has the higher dividend yield at 15.84%, compared with 0.48% for BPH.

What is the main difference between UBRL and BPH?

UBRL is categorized as Leveraged Equities, while BPH is Energy Equities. They also come from different issuers: GraniteShares and Precidian. Their fees differ too: 1.15% for UBRL and 0.19% for BPH.