FCG vs. PBOG
FCG (First Trust Natural Gas ETF) and PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) are both Energy Equities funds - FCG tracks the ISE-Revere Natural Gas Index while PBOG tracks the BITA Global Oil & Gas Select Index. Both are passively managed. Their correlation of 0.91 suggests significant overlap in exposure. FCG charges 0.60%/yr vs 0.13%/yr for PBOG.
Performance
FCG vs. PBOG - Performance Comparison
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Returns By Period
In the year-to-date period, FCG achieves a 17.54% return, which is significantly lower than PBOG's 20.33% return.
FCG
- 1D
- 0.26%
- 1M
- -9.72%
- YTD
- 17.54%
- 6M
- 17.54%
- 1Y
- 16.99%
- 3Y*
- 10.20%
- 5Y*
- 13.77%
- 10Y*
- 3.91%
PBOG
- 1D
- 0.25%
- 1M
- -9.73%
- YTD
- 20.33%
- 6M
- 21.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FCG vs. PBOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FCG First Trust Natural Gas ETF | 17.54% | -1.30% |
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 20.33% | 1.39% |
Correlation
The correlation between FCG and PBOG is 0.91, 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 25, 2025 | 0.91 |
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Return for Risk
FCG vs. PBOG — Risk / Return Rank
FCG
PBOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FCG vs. PBOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Natural Gas ETF (FCG) 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.
| FCG | PBOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.12 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | — | — |
| Martin ratioReturn relative to average drawdown | 2.77 | — | — |
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Drawdowns
FCG vs. PBOG - Drawdown Comparison
The maximum FCG drawdown since its inception was -97.20%, which is greater than PBOG's maximum drawdown of -16.46%. Use the drawdown chart below to compare losses from any high point for FCG and PBOG.
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Drawdown Indicators
| FCG | PBOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.20% | -16.46% | -80.74% |
Max Drawdown (1Y)Largest decline over 1 year | -17.90% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -29.44% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -33.33% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -85.04% | — | — |
Current DrawdownCurrent decline from peak | -76.30% | -15.19% | -61.11% |
Average DrawdownAverage peak-to-trough decline | -65.39% | -3.86% | -61.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.16% | — | — |
Volatility
FCG vs. PBOG - Volatility Comparison
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Volatility by Period
| FCG | PBOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.31% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 20.32% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.29% | 23.95% | +3.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.43% | 23.95% | +9.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.29% | 23.95% | +14.34% |
FCG vs. PBOG - Expense Ratio Comparison
FCG has a 0.60% expense ratio, which is higher than PBOG's 0.13% expense ratio.
Dividends
FCG vs. PBOG - Dividend Comparison
FCG's dividend yield for the trailing twelve months is around 2.33%, more than PBOG's 0.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCG First Trust Natural Gas ETF | 2.33% | 2.86% | 2.76% | 3.25% | 3.04% | 1.73% | 3.82% | 2.87% | 1.46% | 1.56% | 1.70% | 4.79% |
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 0.14% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, FCG 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.
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.
PBOG is cheaper with a 0.13% expense ratio, compared with 0.60% for FCG.
FCG has the higher dividend yield at 2.33%, compared with 0.14% for PBOG.
FCG tracks ISE-Revere Natural Gas Index, while PBOG tracks BITA Global Oil & Gas Select Index. They also come from different issuers: First Trust and Portfolio Building Blocks. Their fees differ too: 0.60% for FCG and 0.13% for PBOG.
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