DRLL vs. PBOG

Last updated Jun 23, 2026

DRLL (Strive U.S. Energy ETF) and PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) are both Energy Equities funds - DRLL tracks the Bloomberg US Energy Select Index while PBOG tracks the BITA Global Oil & Gas Select Index. Both are passively managed. With a 0.95 correlation, they move nearly in lockstep. DRLL charges 0.41%/yr vs 0.13%/yr for PBOG.

Performance

DRLL vs. PBOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive U.S. Energy ETF (DRLL) 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

The year-to-date returns for both stocks are quite close, with DRLL having a 20.68% return and PBOG slightly lower at 20.03%.

DRLL

• 1D: 1.39%
• 1M: -8.33%
• YTD: 20.68%
• 6M: 21.93%
• 1Y: 22.10%
• 3Y*: 12.27%
• 5Y*: —
• 10Y*: —

PBOG

• 1D: 1.27%
• 1M: -9.96%
• YTD: 20.03%
• 6M: 21.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DRLL vs. PBOG - Yearly Performance Comparison

	2026 (YTD)	2025
DRLL Strive U.S. Energy ETF	20.68%	-0.42%
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	20.03%	1.39%

Correlation

The correlation between DRLL and PBOG is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025	0.95

Return for Risk

DRLL vs. PBOG — Risk / Return Rank

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

DRLL

DRLL Risk / Return Rank: 27
DRLL Sharpe Ratio Rank: 28
DRLL Sortino Ratio Rank: 26
DRLL Omega Ratio Rank: 25
DRLL Calmar Ratio Rank: 28
DRLL Martin Ratio Rank: 30

PBOG

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

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.

DRLL vs. PBOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive U.S. Energy ETF (DRLL) 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.

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.

	DRLL	PBOG	Difference
Sharpe ratio: Return per unit of total volatility	0.97	—	—
Sortino ratio: Return per unit of downside risk	1.39	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	1.33	—	—
Martin ratio: Return relative to average drawdown	3.99	—	—

Drawdowns

DRLL vs. PBOG - Drawdown Comparison

The maximum DRLL drawdown since its inception was -23.73%, which is greater than PBOG's maximum drawdown of -16.46%. Use the drawdown chart below to compare losses from any high point for DRLL and PBOG.

Drawdown Indicators

	DRLL	PBOG	Difference
Max Drawdown Largest peak-to-trough decline	-23.73%	-16.46%	-7.27%
Max Drawdown (1Y) Largest decline over 1 year	-16.66%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-23.73%	—	—
Current Drawdown Current decline from peak	-15.51%	-15.40%	-0.11%
Average Drawdown Average peak-to-trough decline	-8.06%	-3.78%	-4.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.60%	—	—

Volatility

Volatility by Period

	DRLL	PBOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.94%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.53%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.82%	24.04%	-1.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.83%	24.04%	-0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.83%	24.04%	-0.21%

DRLL vs. PBOG - Expense Ratio Comparison

DRLL has a 0.41% expense ratio, which is higher than PBOG's 0.13% expense ratio.

Dividends

DRLL vs. PBOG - Dividend Comparison

DRLL's dividend yield for the trailing twelve months is around 2.54%, more than PBOG's 0.14% yield.

Position	TTM	2025	2024	2023	2022
DRLL Strive U.S. Energy ETF	2.54%	2.99%	3.00%	3.01%	1.18%
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	0.14%	0.17%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DRLL and PBOG in my portfolio?

With a correlation of 0.95, DRLL and PBOG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, DRLL 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, DRLL or PBOG?

PBOG is cheaper with a 0.13% expense ratio, compared with 0.41% for DRLL.

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

DRLL has the higher dividend yield at 2.54%, compared with 0.14% for PBOG.

What is the main difference between DRLL and PBOG?

DRLL tracks Bloomberg US Energy Select Index, while PBOG tracks BITA Global Oil & Gas Select Index. They also come from different issuers: Strive and Portfolio Building Blocks. Their fees differ too: 0.41% for DRLL and 0.13% for PBOG.