AVGB vs. PBOG

Last updated Jun 5, 2026

AVGB (Avantis Credit ETF) and PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) are both exchange-traded funds - AVGB is a Global Bonds fund actively managed by Avantis, while PBOG is a Oil & Gas fund tracking the BITA Global Oil & Gas Select Index. AVGB is actively managed, while PBOG is passively managed. At a correlation of -0.43, they often move in opposite directions. AVGB charges 0.19%/yr vs 0.13%/yr for PBOG.

Performance

AVGB vs. PBOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Credit ETF (AVGB) and Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF (PBOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVGB achieves a 0.84% return, which is significantly lower than PBOG's 31.74% return.

AVGB

• 1D: 0.13%
• 1M: 0.63%
• YTD: 0.84%
• 6M: 1.06%
• 1Y: 4.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PBOG

• 1D: -0.36%
• 1M: -2.93%
• YTD: 31.74%
• 6M: 29.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVGB vs. PBOG - Yearly Performance Comparison

	2026 (YTD)	2025
AVGB Avantis Credit ETF	0.84%	0.19%
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	31.74%	1.62%

Correlation

The correlation between AVGB and PBOG is -0.43, 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 Nov 26, 2025	-0.43

Return for Risk

AVGB vs. PBOG — Risk / Return Rank

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

AVGB

AVGB Risk / Return Rank: 52
AVGB Sharpe Ratio Rank: 55
AVGB Sortino Ratio Rank: 58
AVGB Omega Ratio Rank: 56
AVGB Calmar Ratio Rank: 44
AVGB Martin Ratio Rank: 48

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.

AVGB vs. PBOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Credit ETF (AVGB) and Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF (PBOG). 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.

	AVGB	PBOG	Difference
Sharpe ratio: Return per unit of total volatility	1.83	—	—
Sortino ratio: Return per unit of downside risk	2.71	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	2.13	—	—
Martin ratio: Return relative to average drawdown	7.95	—	—
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

	AVGB	PBOG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.06	3.24	-1.17

Drawdowns

AVGB vs. PBOG - Drawdown Comparison

The maximum AVGB drawdown since its inception was -2.12%, smaller than the maximum PBOG drawdown of -11.45%. Use the drawdown chart below to compare losses from any high point for AVGB and PBOG.

Drawdown Indicators

	AVGB	PBOG	Difference
Max Drawdown Largest peak-to-trough decline	-2.12%	-11.45%	+9.33%
Max Drawdown (1Y) Largest decline over 1 year	-2.12%	—	—
Current Drawdown Current decline from peak	-0.37%	-7.15%	+6.78%
Average Drawdown Average peak-to-trough decline	-0.33%	-3.13%	+2.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.57%	—	—

Volatility

Volatility by Period

	AVGB	PBOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.91%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.48%	23.59%	-21.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.48%	23.59%	-21.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.48%	23.59%	-21.11%

AVGB vs. PBOG - Expense Ratio Comparison

AVGB has a 0.19% expense ratio, which is higher than PBOG's 0.13% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

AVGB vs. PBOG - Dividend Comparison

AVGB's dividend yield for the trailing twelve months is around 3.46%, more than PBOG's 0.13% yield.

Position	TTM	2025
AVGB Avantis Credit ETF	3.46%	3.49%
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	0.13%	0.17%

Frequently Asked Questions

Can I hold both AVGB and PBOG in my portfolio?

AVGB and PBOG have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AVGB or PBOG?

On fees, PBOG is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AVGB or PBOG?

PBOG is cheaper with a 0.13% expense ratio, compared with 0.19% for AVGB.

Which ETF pays a higher dividend yield, AVGB or PBOG?

AVGB has the higher dividend yield at 3.46%, compared with 0.13% for PBOG.

What is the main difference between AVGB and PBOG?

AVGB is categorized as Global Bonds, while PBOG is Oil & Gas. They also come from different issuers: Avantis and Portfolio Building Blocks. Their fees differ too: 0.19% for AVGB and 0.13% for PBOG.