EIPX vs. PBOG

Last updated Aug 2, 2026

EIPX (FT Energy Income Partners Strategy ETF) and PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) are both Energy Equities funds. EIPX is actively managed, while PBOG is passively managed. Their 0.75 correlation means they have sometimes moved together and sometimes differently. EIPX charges 0.95%/yr vs 0.13%/yr for PBOG.

Performance

EIPX vs. PBOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Energy Income Partners Strategy ETF (EIPX) 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, EIPX achieves a 24.74% return, which is significantly lower than PBOG's 35.00% return.

EIPX

• 1D: 0.49%
• 1M: 3.77%
• 6M: 14.96%
• YTD: 24.74%
• 1Y: 29.89%
• 3Y*: 19.41%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.15%

PBOG

• 1D: 0.97%
• 1M: 16.05%
• 6M: 20.42%
• YTD: 35.00%
• 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)
EIPX FT Energy Income Partners Strategy ETF	$1.76M	$1.94M	$1.35M
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	$1.29M	$3.21M	$2.88M

EIPX vs. PBOG - Yearly Performance Comparison

	2026 (YTD)	2025
EIPX FT Energy Income Partners Strategy ETF	24.74%	-0.79%
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	35.00%	1.39%

Correlation

The correlation between EIPX and PBOG is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025	0.75

Return for Risk

EIPX vs. PBOG — Risk / Return Rank

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

EIPX

EIPX Risk / Return Rank: 93
EIPX Sharpe Ratio Rank: 93
EIPX Sortino Ratio Rank: 93
EIPX Omega Ratio Rank: 91
EIPX Calmar Ratio Rank: 95
EIPX Martin Ratio Rank: 92

PBOG

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.

EIPX vs. PBOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Energy Income Partners Strategy ETF (EIPX) 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.

	EIPX	PBOG	Difference
Sharpe ratio: Return per unit of total volatility	2.51	—	—
Sortino ratio: Return per unit of downside risk	3.59	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	5.56	—	—
Martin ratio: Return relative to average drawdown	15.59	—	—

Drawdowns

EIPX vs. PBOG - Drawdown Comparison

The maximum EIPX drawdown since its inception was -15.43%, smaller than the maximum PBOG drawdown of -19.24%. Use the drawdown chart below to compare losses from any high point for EIPX and PBOG.

Drawdown Indicators

	EIPX	PBOG	Difference
Max Drawdown Largest peak-to-trough decline	-15.43%	-19.24%	+3.81%
Max Drawdown (1Y) Largest decline over 1 year	-5.17%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.43%	—	—
Current Drawdown Current decline from peak	-0.94%	-4.85%	+3.91%
Average Drawdown Average peak-to-trough decline	-2.28%	-5.21%	+2.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	—	—

Volatility

Volatility by Period

	EIPX	PBOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.45%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.73%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.44%	24.21%	-12.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.95%	24.21%	-9.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.95%	24.21%	-9.26%

EIPX vs. PBOG - Expense Ratio Comparison

EIPX has a 0.95% expense ratio, which is higher than PBOG's 0.13% expense ratio.

Dividends

EIPX vs. PBOG - Dividend Comparison

EIPX'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
EIPX FT Energy Income Partners Strategy ETF	2.69%	3.23%	3.27%	3.48%	0.34%
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 EIPX and PBOG in my portfolio?

EIPX and PBOG have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EIPX 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, EIPX or PBOG?

PBOG is cheaper with a 0.13% expense ratio, compared with 0.95% for EIPX.

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

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

What is the main difference between EIPX and PBOG?

They also come from different issuers: First Trust and Portfolio Building Block. Their fees differ too: 0.95% for EIPX and 0.13% for PBOG.