GXPE vs. PBOG

Last updated Jun 25, 2026

GXPE (Global X PureCap MSCI Energy ETF) and PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) are both Energy Equities funds - GXPE tracks the MSCI USA Energy PureCap Index while PBOG tracks the BITA Global Oil & Gas Select Index. Both are passively managed. Their correlation of 0.94 suggests significant overlap in exposure. GXPE charges 0.15%/yr vs 0.13%/yr for PBOG.

Performance

GXPE vs. PBOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X PureCap MSCI Energy ETF (GXPE) 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, GXPE achieves a 20.25% return, which is significantly higher than PBOG's 17.45% return.

GXPE

• 1D: -1.80%
• 1M: -9.28%
• YTD: 20.25%
• 6M: 21.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PBOG

• 1D: -2.39%
• 1M: -11.89%
• YTD: 17.45%
• 6M: 18.76%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GXPE vs. PBOG - Yearly Performance Comparison

	2026 (YTD)	2025
GXPE Global X PureCap MSCI Energy ETF	20.25%	1.20%
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	17.45%	1.39%

Correlation

The correlation between GXPE and PBOG is 0.94, 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	0.94

Return for Risk

GXPE vs. PBOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X PureCap MSCI Energy ETF (GXPE) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

GXPE vs. PBOG - Drawdown Comparison

The maximum GXPE drawdown since its inception was -14.89%, smaller than the maximum PBOG drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for GXPE and PBOG.

Drawdown Indicators

	GXPE	PBOG	Difference
Max Drawdown Largest peak-to-trough decline	-14.89%	-17.22%	+2.33%
Current Drawdown Current decline from peak	-14.64%	-17.22%	+2.58%
Average Drawdown Average peak-to-trough decline	-3.66%	-3.95%	+0.29%

Volatility

Volatility by Period

	GXPE	PBOG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	20.74%	24.10%	-3.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.74%	24.10%	-3.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.74%	24.10%	-3.36%

GXPE vs. PBOG - Expense Ratio Comparison

GXPE has a 0.15% expense ratio, which is higher than PBOG's 0.13% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

GXPE vs. PBOG - Dividend Comparison

GXPE's dividend yield for the trailing twelve months is around 1.00%, more than PBOG's 0.15% yield.

Position	TTM	2025
GXPE Global X PureCap MSCI Energy ETF	1.00%	1.20%
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	0.15%	0.17%

Frequently Asked Questions

Can I hold both GXPE and PBOG in my portfolio?

With a correlation of 0.94, GXPE 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.

Which ETF is better, GXPE 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, GXPE or PBOG?

PBOG is cheaper with a 0.13% expense ratio, compared with 0.15% for GXPE.

Which ETF pays a higher dividend yield, GXPE or PBOG?

GXPE has the higher dividend yield at 1.00%, compared with 0.15% for PBOG.

What is the main difference between GXPE and PBOG?

GXPE tracks MSCI USA Energy PureCap Index, while PBOG tracks BITA Global Oil & Gas Select Index. They also come from different issuers: Global X and Portfolio Building Blocks. Their fees differ too: 0.15% for GXPE and 0.13% for PBOG.