EIPX vs. PBOG

Last updated Jun 4, 2026

EIPX (FT Energy Income Partners Strategy ETF) and PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) are both exchange-traded funds - EIPX is a Energy Equities fund actively managed by First Trust, while PBOG is a Oil & Gas fund tracking the BITA Global Oil & Gas Select Index. EIPX is actively managed, while PBOG is passively managed. A 0.77 correlation means they provide meaningful diversification when combined. 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 21.96% return, which is significantly lower than PBOG's 32.22% return.

EIPX

• 1D: 0.19%
• 1M: -2.12%
• YTD: 21.96%
• 6M: 19.46%
• 1Y: 30.04%
• 3Y*: 21.12%
• 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)

EIPX vs. PBOG - Yearly Performance Comparison

	2026 (YTD)	2025
EIPX FT Energy Income Partners Strategy ETF	21.96%	-0.55%
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	32.22%	1.62%

Correlation

The correlation between EIPX and PBOG is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 26, 2025	0.77

Return for Risk

EIPX vs. PBOG — Risk / Return Rank

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

EIPX

EIPX Risk / Return Rank: 86
EIPX Sharpe Ratio Rank: 83
EIPX Sortino Ratio Rank: 85
EIPX Omega Ratio Rank: 77
EIPX Calmar Ratio Rank: 94
EIPX Martin Ratio Rank: 89

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.

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.

	EIPX	PBOG	Difference
Sharpe ratio: Return per unit of total volatility	2.71	—	—
Sortino ratio: Return per unit of downside risk	3.82	—	—
Omega ratio: Gain probability vs. loss probability	1.46	—	—
Calmar ratio: Return relative to maximum drawdown	7.32	—	—
Martin ratio: Return relative to average drawdown	20.31	—	—
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

	EIPX	PBOG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.20	3.31	-2.11

Drawdowns

EIPX vs. PBOG - Drawdown Comparison

The maximum EIPX drawdown since its inception was -15.43%, which is greater than PBOG's maximum drawdown of -11.45%. 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%	-11.45%	-3.98%
Max Drawdown (1Y) Largest decline over 1 year	-4.12%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.43%	—	—
Current Drawdown Current decline from peak	-2.58%	-6.81%	+4.23%
Average Drawdown Average peak-to-trough decline	-2.27%	-3.10%	+0.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.49%	—	—

Volatility

Volatility by Period

	EIPX	PBOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.01%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.50%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.17%	23.67%	-12.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.06%	23.67%	-8.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.06%	23.67%	-8.61%

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 2.68%, more than PBOG's 0.13% yield.

Position	TTM	2025	2024	2023	2022
EIPX FT Energy Income Partners Strategy ETF	2.68%	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 0.77, 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 2.68%, compared with 0.13% for PBOG.

What is the main difference between EIPX and PBOG?

EIPX is categorized as Energy Equities, while PBOG is Oil & Gas. They also come from different issuers: First Trust and Portfolio Building Blocks. Their fees differ too: 0.95% for EIPX and 0.13% for PBOG.