FXN vs. PBOG
FXN (First Trust Energy AlphaDEX Fund) and PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) are both Energy Equities funds - FXN tracks the StrataQuant Energy Index while PBOG tracks the BITA Global Oil & Gas Select Index. Both are passively managed. Their correlation of 0.91 means they have usually moved in the same direction. FXN charges 0.64%/yr vs 0.13%/yr for PBOG.
Performance
FXN vs. PBOG - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FXN having a 34.12% return and PBOG slightly lower at 33.10%.
FXN
- 1D
- -0.77%
- 1M
- 8.88%
- 6M
- 23.33%
- YTD
- 34.12%
- 1Y
- 45.83%
- 3Y*
- 10.71%
- 5Y*
- 19.56%
- 10Y*
- 6.54%
- ALL TIME*
- 2.12%
PBOG
- 1D
- -1.41%
- 1M
- 14.41%
- 6M
- 21.05%
- YTD
- 33.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.82M | $9.25M | $37.23M | |
| $1.29M | $1.24M | $2.88M |
FXN vs. PBOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FXN First Trust Energy AlphaDEX Fund | 34.12% | 0.97% |
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 33.10% | 1.39% |
Correlation
The correlation between FXN and PBOG is 0.91, 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 | 0.91 |
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Return for Risk
FXN vs. PBOG — Risk / Return Rank
FXN
PBOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FXN vs. PBOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Energy AlphaDEX Fund (FXN) 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.
| FXN | 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 | 3.43 | — | — |
| Martin ratioReturn relative to average drawdown | 8.58 | — | — |
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Drawdowns
FXN vs. PBOG - Drawdown Comparison
The maximum FXN drawdown since its inception was -87.39%, which is greater than PBOG's maximum drawdown of -19.24%. Use the drawdown chart below to compare losses from any high point for FXN and PBOG.
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Drawdown Indicators
| FXN | PBOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.39% | -19.24% | -68.15% |
Max Drawdown (1Y)Largest decline over 1 year | -13.41% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -31.69% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.69% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -80.63% | — | — |
Current DrawdownCurrent decline from peak | -5.06% | -6.19% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -37.73% | -5.22% | -32.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.36% | — | — |
Volatility
FXN vs. PBOG - Volatility Comparison
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Volatility by Period
| FXN | PBOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.21% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 17.24% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.15% | 24.22% | -1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.71% | 24.22% | +4.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.80% | 24.22% | +10.58% |
FXN vs. PBOG - Expense Ratio Comparison
FXN has a 0.64% expense ratio, which is higher than PBOG's 0.13% expense ratio.
Dividends
FXN vs. PBOG - Dividend Comparison
FXN's dividend yield for the trailing twelve months is around 1.63%, more than PBOG's 0.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXN First Trust Energy AlphaDEX Fund | 1.63% | 2.53% | 2.50% | 3.09% | 2.28% | 0.87% | 4.71% | 1.47% | 1.43% | 1.17% | 1.05% | 2.36% |
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 0.91, FXN 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 0.64% for FXN.
FXN has the higher dividend yield at 1.63%, compared with 0.13% for PBOG.
FXN tracks StrataQuant Energy Index, while PBOG tracks BITA Global Oil & Gas Select Index. They also come from different issuers: First Trust and Portfolio Building Block. Their fees differ too: 0.64% for FXN and 0.13% for PBOG.
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