FENY vs. PBOG
FENY (Fidelity MSCI Energy Index ETF) and PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) are both Energy Equities funds - FENY tracks the MSCI USA IMI Energy 25/50 Index while PBOG tracks the BITA Global Oil & Gas Select Index. Both are passively managed. Their correlation of 0.94 means they have usually moved in the same direction. FENY charges 0.08%/yr vs 0.13%/yr for PBOG.
Performance
FENY vs. PBOG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FENY achieves a 32.87% return, which is significantly higher than PBOG's 31.21% return.
FENY
- 1D
- -0.40%
- 1M
- 9.72%
- 6M
- 15.12%
- YTD
- 32.87%
- 1Y
- 41.70%
- 3Y*
- 14.17%
- 5Y*
- 23.48%
- 10Y*
- 9.47%
- ALL TIME*
- 5.49%
PBOG
- 1D
- -1.42%
- 1M
- 12.79%
- 6M
- 16.27%
- YTD
- 31.21%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $48.28M | $43.61M | $52.27M | |
| $1.26M | $1.22M | $2.87M |
FENY vs. PBOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FENY Fidelity MSCI Energy Index ETF | 32.87% | 1.05% |
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 31.21% | 1.39% |
Correlation
The correlation between FENY and PBOG is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025 | 0.94 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FENY vs. PBOG — Risk / Return Rank
FENY
PBOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FENY vs. PBOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Energy Index ETF (FENY) 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.
| FENY | PBOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.32 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | — | — |
| Martin ratioReturn relative to average drawdown | 7.52 | — | — |
Loading charts...
Drawdowns
FENY vs. PBOG - Drawdown Comparison
The maximum FENY drawdown since its inception was -74.35%, which is greater than PBOG's maximum drawdown of -19.24%. Use the drawdown chart below to compare losses from any high point for FENY and PBOG.
Loading charts...
Drawdown Indicators
| FENY | PBOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.35% | -19.24% | -55.11% |
Max Drawdown (1Y)Largest decline over 1 year | -14.96% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -21.47% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -69.07% | — | — |
Current DrawdownCurrent decline from peak | -5.93% | -7.52% | +1.59% |
Average DrawdownAverage peak-to-trough decline | -22.94% | -5.23% | -17.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.56% | — | — |
Volatility
FENY vs. PBOG - Volatility Comparison
Loading charts...
Volatility by Period
| FENY | PBOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.24% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.54% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.87% | 24.22% | -3.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.17% | 24.22% | +1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.78% | 24.22% | +5.56% |
FENY vs. PBOG - Expense Ratio Comparison
FENY has a 0.08% expense ratio, which is lower than PBOG's 0.13% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FENY vs. PBOG - Dividend Comparison
FENY's dividend yield for the trailing twelve months is around 2.39%, more than PBOG's 0.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FENY Fidelity MSCI Energy Index ETF | 2.39% | 3.18% | 3.05% | 3.33% | 3.33% | 3.69% | 4.60% | 6.43% | 3.21% | 2.94% | 2.29% | 3.05% |
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 0.13% | 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 0.94, FENY 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, FENY is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FENY is cheaper with a 0.08% expense ratio, compared with 0.13% for PBOG.
FENY has the higher dividend yield at 2.39%, compared with 0.13% for PBOG.
FENY tracks MSCI USA IMI Energy 25/50 Index, while PBOG tracks BITA Global Oil & Gas Select Index. They also come from different issuers: Fidelity and Portfolio Building Block. Their fees differ too: 0.08% for FENY and 0.13% for PBOG.
Find the right allocation for FENY and PBOG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer