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 0.92 suggests significant overlap in exposure. FXN charges 0.64%/yr vs 0.13%/yr for PBOG.
Performance
FXN vs. PBOG - Performance Comparison
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Returns By Period
In the year-to-date period, FXN achieves a 25.36% return, which is significantly higher than PBOG's 20.33% return.
FXN
- 1D
- 0.10%
- 1M
- -7.84%
- YTD
- 25.36%
- 6M
- 25.74%
- 1Y
- 36.81%
- 3Y*
- 13.95%
- 5Y*
- 15.13%
- 10Y*
- 5.82%
PBOG
- 1D
- 0.25%
- 1M
- -9.73%
- YTD
- 20.33%
- 6M
- 21.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FXN vs. PBOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FXN First Trust Energy AlphaDEX Fund | 25.36% | 0.97% |
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 20.33% | 1.39% |
Correlation
The correlation between FXN and PBOG is 0.92, 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 | 0.92 |
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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 | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | — | — |
| Martin ratioReturn relative to average drawdown | 8.08 | — | — |
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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 -16.46%. 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% | -16.46% | -70.93% |
Max Drawdown (1Y)Largest decline over 1 year | -12.99% | — | — |
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 | -11.26% | -15.19% | +3.93% |
Average DrawdownAverage peak-to-trough decline | -37.90% | -3.86% | -34.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.57% | — | — |
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 | 7.38% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 17.15% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.85% | 23.95% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.95% | 23.95% | +5.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.94% | 23.95% | +10.99% |
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 1.91%, more than PBOG's 0.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXN First Trust Energy AlphaDEX Fund | 1.91% | 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 | 0.14% | 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 0.92, 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 1.91%, compared with 0.14% 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 Blocks. Their fees differ too: 0.64% for FXN and 0.13% for PBOG.
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