DVXE vs. PBOG

Last updated Jun 4, 2026

DVXE (WEBs Energy XLE Defined Volatility ETF) and PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) are both exchange-traded funds - DVXE is a Energy Equities fund tracking the Syntax Defined Volatility XLE Index, while PBOG is a Oil & Gas fund tracking the BITA Global Oil & Gas Select Index. Both are passively managed. Their correlation of 0.92 suggests significant overlap in exposure. DVXE charges 0.89%/yr vs 0.13%/yr for PBOG.

Performance

DVXE vs. PBOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Energy XLE Defined Volatility ETF (DVXE) 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, DVXE achieves a 44.98% return, which is significantly higher than PBOG's 32.22% return.

DVXE

• 1D: 1.52%
• 1M: -1.50%
• YTD: 44.98%
• 6M: 39.14%
• 1Y: —
• 3Y*: —
• 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)

DVXE vs. PBOG - Yearly Performance Comparison

	2026 (YTD)	2025
DVXE WEBs Energy XLE Defined Volatility ETF	44.98%	2.09%
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	32.22%	1.62%

Correlation

The correlation between DVXE and PBOG is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 26, 2025	0.92

Return for Risk

DVXE vs. PBOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Energy XLE Defined Volatility ETF (DVXE) 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.

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

Sharpe Ratios by Period

	DVXE	PBOG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.99	3.31	-1.32

Drawdowns

DVXE vs. PBOG - Drawdown Comparison

The maximum DVXE drawdown since its inception was -17.96%, which is greater than PBOG's maximum drawdown of -11.45%. Use the drawdown chart below to compare losses from any high point for DVXE and PBOG.

Drawdown Indicators

	DVXE	PBOG	Difference
Max Drawdown Largest peak-to-trough decline	-17.96%	-11.45%	-6.51%
Current Drawdown Current decline from peak	-11.99%	-6.81%	-5.18%
Average Drawdown Average peak-to-trough decline	-5.80%	-3.10%	-2.70%

Volatility

Volatility by Period

	DVXE	PBOG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	31.23%	23.67%	+7.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.23%	23.67%	+7.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.23%	23.67%	+7.56%

DVXE vs. PBOG - Expense Ratio Comparison

DVXE has a 0.89% expense ratio, which is higher than PBOG's 0.13% expense ratio.

Dividends

DVXE vs. PBOG - Dividend Comparison

DVXE has not paid dividends to shareholders, while PBOG's dividend yield for the trailing twelve months is around 0.13%.

Position	TTM	2025
DVXE WEBs Energy XLE Defined Volatility ETF	0.00%	0.00%
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	0.13%	0.17%

Frequently Asked Questions

Can I hold both DVXE and PBOG in my portfolio?

With a correlation of 0.92, DVXE 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, DVXE 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, DVXE or PBOG?

PBOG is cheaper with a 0.13% expense ratio, compared with 0.89% for DVXE.

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

PBOG has the higher dividend yield at 0.13%, compared with 0.00% for DVXE.

What is the main difference between DVXE and PBOG?

DVXE is categorized as Energy Equities, while PBOG is Oil & Gas. DVXE tracks Syntax Defined Volatility XLE Index, while PBOG tracks BITA Global Oil & Gas Select Index. They also come from different issuers: WEBs and Portfolio Building Blocks. Their fees differ too: 0.89% for DVXE and 0.13% for PBOG.