XTRE vs. BPH

Last updated Aug 5, 2026

XTRE (BondBloxx Bloomberg Three Year Target Duration US Treasury ETF) and BPH (BP p.l.c. ADRhedged ETF) are both exchange-traded funds - XTRE is a Government Bonds fund tracking the Bloomberg US Treasury 3 Year Target Duration Index, while BPH is a Energy Equities fund actively managed by Precidian. XTRE is passively managed, while BPH is actively managed. Their -0.48 correlation means they have often moved in opposite directions in the past. XTRE charges 0.05%/yr vs 0.19%/yr for BPH.

Performance

XTRE vs. BPH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (XTRE) and BP p.l.c. ADRhedged ETF (BPH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XTRE

• 1D: 0.18%
• 1M: 0.05%
• 6M: 0.27%
• YTD: 0.30%
• 1Y: 2.09%
• 3Y*: 4.11%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.54%

BPH

• 1D: -4.23%
• 1M: 12.03%
• 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	$45.76K	$51.75K	$50.82K
XTRE BondBloxx Bloomberg Three Year Target Duration US Treasury ETF	$3.52M	$3.03M	$2.76M

XTRE vs. BPH - Yearly Performance Comparison

	2026 (YTD)
XTRE BondBloxx Bloomberg Three Year Target Duration US Treasury ETF	0.58%
BPH BP p.l.c. ADRhedged ETF	-0.39%

Correlation

The correlation between XTRE and BPH is -0.48, 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	-0.48

Return for Risk

XTRE vs. BPH — Risk / Return Rank

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

XTRE

XTRE Risk / Return Rank: 34
XTRE Sharpe Ratio Rank: 37
XTRE Sortino Ratio Rank: 36
XTRE Omega Ratio Rank: 33
XTRE Calmar Ratio Rank: 35
XTRE Martin Ratio Rank: 32

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.

XTRE vs. BPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (XTRE) 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.

	XTRE	BPH	Difference
Sharpe ratio: Return per unit of total volatility	1.03	—	—
Sortino ratio: Return per unit of downside risk	1.50	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.37	—	—
Martin ratio: Return relative to average drawdown	3.16	—	—

Drawdowns

XTRE vs. BPH - Drawdown Comparison

The maximum XTRE drawdown since its inception was -2.89%, smaller than the maximum BPH drawdown of -15.58%. Use the drawdown chart below to compare losses from any high point for XTRE and BPH.

Drawdown Indicators

	XTRE	BPH	Difference
Max Drawdown Largest peak-to-trough decline	-2.89%	-15.58%	+12.69%
Max Drawdown (1Y) Largest decline over 1 year	-1.53%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-2.00%	—	—
Current Drawdown Current decline from peak	-0.77%	-5.73%	+4.96%
Average Drawdown Average peak-to-trough decline	-0.84%	-5.56%	+4.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.66%	—	—

Volatility

Volatility by Period

	XTRE	BPH	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.55%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.67%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.04%	29.90%	-27.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.28%	29.90%	-26.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.28%	29.90%	-26.62%

XTRE vs. BPH - Expense Ratio Comparison

XTRE has a 0.05% expense ratio, which is lower than BPH's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XTRE vs. BPH - Dividend Comparison

XTRE's dividend yield for the trailing twelve months is around 4.02%, more than BPH's 0.50% yield.

Position	TTM	2025	2024	2023	2022
BPH BP p.l.c. ADRhedged ETF	0.50%	0.00%	0.00%	0.00%	0.00%
XTRE BondBloxx Bloomberg Three Year Target Duration US Treasury ETF	4.02%	3.85%	4.19%	3.97%	1.16%

Frequently Asked Questions

Can I hold both XTRE and BPH in my portfolio?

XTRE and BPH have a correlation of -0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XTRE or BPH?

On fees, XTRE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XTRE or BPH?

XTRE is cheaper with a 0.05% expense ratio, compared with 0.19% for BPH.

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

XTRE has the higher dividend yield at 4.02%, compared with 0.50% for BPH.

What is the main difference between XTRE and BPH?

XTRE is categorized as Government Bonds, while BPH is Energy Equities. They also come from different issuers: BondBloxx and Precidian. Their fees differ too: 0.05% for XTRE and 0.19% for BPH.