IGE vs. PBOG
IGE (iShares North American Natural Resources ETF) and PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) are both Energy Equities funds - IGE tracks the S&P North American Natural Resources Sector Index while PBOG tracks the BITA Global Oil & Gas Select Index. Both are passively managed. A 0.71 correlation means they provide meaningful diversification when combined. IGE charges 0.39%/yr vs 0.13%/yr for PBOG.
Performance
IGE vs. PBOG - Performance Comparison
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Returns By Period
In the year-to-date period, IGE achieves a 17.47% return, which is significantly lower than PBOG's 25.11% return.
IGE
- 1D
- 0.65%
- 1M
- -2.08%
- 6M
- 9.87%
- YTD
- 17.47%
- 1Y
- 30.93%
- 3Y*
- 17.01%
- 5Y*
- 18.22%
- 10Y*
- 8.78%
PBOG
- 1D
- 0.21%
- 1M
- -2.13%
- 6M
- 21.62%
- YTD
- 25.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGE vs. PBOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IGE iShares North American Natural Resources ETF | 17.47% | 4.00% |
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 25.11% | 1.39% |
Correlation
The correlation between IGE and PBOG is 0.71, 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 25, 2025 | 0.71 |
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Return for Risk
IGE vs. PBOG — Risk / Return Rank
IGE
PBOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IGE vs. PBOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares North American Natural Resources ETF (IGE) 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.
| IGE | 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 | 2.69 | — | — |
| Martin ratioReturn relative to average drawdown | 8.87 | — | — |
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Drawdowns
IGE vs. PBOG - Drawdown Comparison
The maximum IGE drawdown since its inception was -67.55%, which is greater than PBOG's maximum drawdown of -19.24%. Use the drawdown chart below to compare losses from any high point for IGE and PBOG.
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Drawdown Indicators
| IGE | PBOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.55% | -19.24% | -48.31% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -19.49% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.72% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -60.57% | — | — |
Current DrawdownCurrent decline from peak | -7.21% | -11.82% | +4.61% |
Average DrawdownAverage peak-to-trough decline | -18.85% | -4.96% | -13.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | — | — |
Volatility
IGE vs. PBOG - Volatility Comparison
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Volatility by Period
| IGE | PBOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.76% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.51% | 24.14% | -7.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.34% | 24.14% | -1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.88% | 24.14% | +0.74% |
IGE vs. PBOG - Expense Ratio Comparison
IGE has a 0.39% expense ratio, which is higher than PBOG's 0.13% expense ratio.
Dividends
IGE vs. PBOG - Dividend Comparison
IGE's dividend yield for the trailing twelve months is around 2.03%, more than PBOG's 0.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGE iShares North American Natural Resources ETF | 2.03% | 2.32% | 2.54% | 2.85% | 2.96% | 2.92% | 3.34% | 5.55% | 2.68% | 2.11% | 1.66% | 3.08% |
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
IGE and PBOG have a correlation of 0.71, 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 0.39% for IGE.
IGE has the higher dividend yield at 2.03%, compared with 0.14% for PBOG.
IGE tracks S&P North American Natural Resources Sector 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: 0.39% for IGE and 0.13% for PBOG.
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