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IEZ vs. PBOG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IEZ vs. PBOG

Last updated Jun 4, 2026

IEZ (iShares U.S. Oil Equipment & Services ETF) and PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) are both exchange-traded funds - IEZ is a Energy Equities fund tracking the Dow Jones U.S. Select Oil Equipment & Services Index, while PBOG is a Oil & Gas fund tracking the BITA Global Oil & Gas Select Index. Both are passively managed. A 0.57 correlation means they provide meaningful diversification when combined. IEZ charges 0.42%/yr vs 0.13%/yr for PBOG.

Performance

IEZ vs. PBOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Oil Equipment & Services ETF (IEZ) and Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF (PBOG). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IEZ achieves a 47.84% return, which is significantly higher than PBOG's 32.22% return.

IEZ

1D
0.03%
1M
-3.54%
YTD
47.84%
6M
42.02%
1Y
85.10%
3Y*
19.17%
5Y*
13.91%
10Y*
-0.13%

PBOG

1D
1.23%
1M
-2.32%
YTD
32.22%
6M
29.70%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IEZ vs. PBOG - Yearly Performance Comparison

2026 (YTD)2025
IEZ
iShares U.S. Oil Equipment & Services ETF		47.84%1.81%
PBOG
Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF		32.22%1.62%

Correlation

The correlation between IEZ and PBOG is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (All Time)
Calculated using the full available price history since Nov 26, 2025

0.57

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares U.S. Oil Equipment & Services ETF

Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF

Often compared with IEZ:
IEZ vs. XESIEZ vs. XOPIEZ vs. FCGIEZ vs. EZUIEZ vs. IEOIEZ vs. IBBQIEZ vs. USO
Often compared with PBOG:
PBOG vs. BESFPBOG vs. COALPBOG vs. PIPEPBOG vs. USOPBOG vs. PWRDPBOG vs. BPHPBOG vs. INFR

Return for Risk

IEZ vs. PBOG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IEZ
IEZ Risk / Return Rank: 8787
Overall Rank
IEZ Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
IEZ Sortino Ratio Rank: 8282
Sortino Ratio Rank
IEZ Omega Ratio Rank: 7777
Omega Ratio Rank
IEZ Calmar Ratio Rank: 9595
Calmar Ratio Rank
IEZ Martin Ratio Rank: 9292
Martin Ratio Rank
PBOG
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IEZ vs. PBOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Oil Equipment & Services ETF (IEZ) 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.

IEZPBOGDifference
Sharpe ratioReturn per unit of total volatility
3.00

—

—

Sortino ratioReturn per unit of downside risk
3.71

—

—

Omega ratioGain probability vs. loss probability

1.46

—

—

Calmar ratioReturn relative to maximum drawdown

8.29

—

—

Martin ratioReturn relative to average drawdown

22.60

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IEZ vs. PBOG - Sharpe Ratio Comparison

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Sharpe Ratios by Period

IEZPBOGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.00

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.38

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.00

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.04

3.31

-3.35

Drawdowns

IEZ vs. PBOG - Drawdown Comparison

The maximum IEZ drawdown since its inception was -92.52%, which is greater than PBOG's maximum drawdown of -11.45%. Use the drawdown chart below to compare losses from any high point for IEZ and PBOG.

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Drawdown Indicators

IEZPBOGDifference

Max Drawdown

Largest peak-to-trough decline

-92.52%

-11.45%

-81.07%

Max Drawdown (1Y)

Largest decline over 1 year

-10.32%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-40.25%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-40.25%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-88.29%

—

—

Current Drawdown

Current decline from peak

-51.21%

-6.81%

-44.40%

Average Drawdown

Average peak-to-trough decline

-48.26%

-3.10%

-45.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.78%

—

—

Volatility

IEZ vs. PBOG - Volatility Comparison

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Volatility by Period

IEZPBOGDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.95%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

20.11%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

28.62%

23.67%

+4.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.35%

23.67%

+12.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

41.56%

23.67%

+17.89%

IEZ vs. PBOG - Expense Ratio Comparison

IEZ has a 0.42% expense ratio, which is higher than PBOG's 0.13% expense ratio.

Dividends

IEZ vs. PBOG - Dividend Comparison

IEZ's dividend yield for the trailing twelve months is around 1.18%, more than PBOG's 0.13% yield.

PositionTTM20252024202320222021202020192018201720162015
IEZ
iShares U.S. Oil Equipment & Services ETF		1.18%1.87%1.76%0.97%0.65%1.20%2.07%2.28%1.81%3.42%0.91%2.40%
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

IEZ and PBOG have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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 0.42% for IEZ.

IEZ has the higher dividend yield at 1.18%, compared with 0.13% for PBOG.

IEZ is categorized as Energy Equities, while PBOG is Oil & Gas. IEZ tracks Dow Jones U.S. Select Oil Equipment & Services Index, while PBOG tracks BITA Global Oil & Gas Select Index. They also come from different issuers: iShares and Portfolio Building Blocks. Their fees differ too: 0.42% for IEZ and 0.13% for PBOG.

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