BKGI vs. PBOG

Last updated Jun 4, 2026

BKGI (Bny Mellon Global Infrastructure Income ETF) and PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) are both exchange-traded funds - BKGI is a Energy Equities fund actively managed by BNY Mellon, while PBOG is a Oil & Gas fund tracking the BITA Global Oil & Gas Select Index. BKGI is actively managed, while PBOG is passively managed. At a 0.10 correlation, their price movements are largely independent. BKGI charges 0.65%/yr vs 0.13%/yr for PBOG.

Performance

BKGI vs. PBOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bny Mellon Global Infrastructure Income ETF (BKGI) 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, BKGI achieves a 12.20% return, which is significantly lower than PBOG's 32.22% return.

BKGI

• 1D: -0.43%
• 1M: 0.13%
• YTD: 12.20%
• 6M: 12.27%
• 1Y: 21.78%
• 3Y*: 22.14%
• 5Y*: —
• 10Y*: —

PBOG

• 1D: 1.23%
• 1M: -2.32%
• YTD: 32.22%
• 6M: 29.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BKGI vs. PBOG - Yearly Performance Comparison

	2026 (YTD)	2025
BKGI Bny Mellon Global Infrastructure Income ETF	12.20%	1.11%
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	32.22%	1.62%

Correlation

The correlation between BKGI and PBOG is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 26, 2025	0.10

Return for Risk

BKGI vs. PBOG — Risk / Return Rank

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

BKGI

BKGI Risk / Return Rank: 59
BKGI Sharpe Ratio Rank: 54
BKGI Sortino Ratio Rank: 54
BKGI Omega Ratio Rank: 55
BKGI Calmar Ratio Rank: 70
BKGI Martin Ratio Rank: 64

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.

BKGI vs. PBOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bny Mellon Global Infrastructure Income ETF (BKGI) 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.

	BKGI	PBOG	Difference
Sharpe ratio Return per unit of total volatility	1.89	—	—
Sortino ratio Return per unit of downside risk	2.63	—	—
Omega ratio Gain probability vs. loss probability	1.34	—	—
Calmar ratio Return relative to maximum drawdown	3.55	—	—
Martin ratio Return relative to average drawdown	11.67	—	—
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

	BKGI	PBOG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.61	3.31	-1.70

Drawdowns

BKGI vs. PBOG - Drawdown Comparison

The maximum BKGI drawdown since its inception was -14.79%, which is greater than PBOG's maximum drawdown of -11.45%. Use the drawdown chart below to compare losses from any high point for BKGI and PBOG.

Drawdown Indicators

	BKGI	PBOG	Difference
Max Drawdown Largest peak-to-trough decline	-14.79%	-11.45%	-3.34%
Max Drawdown (1Y) Largest decline over 1 year	-6.16%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.16%	—	—
Current Drawdown Current decline from peak	-3.14%	-6.81%	+3.67%
Average Drawdown Average peak-to-trough decline	-2.57%	-3.10%	+0.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	—	—

Volatility

Volatility by Period

	BKGI	PBOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.17%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.04%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.59%	23.67%	-12.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.07%	23.67%	-9.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.07%	23.67%	-9.60%

BKGI vs. PBOG - Expense Ratio Comparison

BKGI has a 0.65% expense ratio, which is higher than PBOG's 0.13% expense ratio.

Dividends

BKGI vs. PBOG - Dividend Comparison

BKGI's dividend yield for the trailing twelve months is around 2.69%, more than PBOG's 0.13% yield.

Position	TTM	2025	2024	2023	2022
BKGI Bny Mellon Global Infrastructure Income ETF	2.69%	2.65%	4.55%	4.55%	0.53%
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	0.13%	0.17%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BKGI and PBOG in my portfolio?

BKGI and PBOG have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BKGI 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, BKGI or PBOG?

PBOG is cheaper with a 0.13% expense ratio, compared with 0.65% for BKGI.

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

BKGI has the higher dividend yield at 2.69%, compared with 0.13% for PBOG.

What is the main difference between BKGI and PBOG?

BKGI is categorized as Energy Equities, while PBOG is Oil & Gas. They also come from different issuers: BNY Mellon and Portfolio Building Blocks. Their fees differ too: 0.65% for BKGI and 0.13% for PBOG.