INFR vs. PBOG

Last updated Jun 24, 2026

INFR (ClearBridge Sustainable Infrastructure ETF) and PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) are both Energy Equities funds - INFR tracks the RARE Global Infrastructure Index while PBOG tracks the BITA Global Oil & Gas Select Index. Both are passively managed. At a 0.10 correlation, their price movements are largely independent. INFR charges 0.59%/yr vs 0.13%/yr for PBOG.

Performance

INFR vs. PBOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ClearBridge Sustainable Infrastructure ETF (INFR) 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, INFR achieves a 1.41% return, which is significantly lower than PBOG's 20.33% return.

INFR

• 1D: 0.00%
• 1M: 0.00%
• YTD: 1.41%
• 6M: 1.56%
• 1Y: 5.89%
• 3Y*: 5.42%
• 5Y*: —
• 10Y*: —

PBOG

• 1D: 0.25%
• 1M: -9.73%
• YTD: 20.33%
• 6M: 21.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

INFR vs. PBOG - Yearly Performance Comparison

	2026 (YTD)	2025
INFR ClearBridge Sustainable Infrastructure ETF	1.41%	1.67%
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	20.33%	1.39%

Correlation

The correlation between INFR and PBOG is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025	0.10

Return for Risk

INFR vs. PBOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ClearBridge Sustainable Infrastructure ETF (INFR) 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.

	INFR	PBOG	Difference
Sharpe ratio: Return per unit of total volatility	0.93	—	—
Sortino ratio: Return per unit of downside risk	1.36	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.28	—	—
Martin ratio: Return relative to average drawdown	3.97	—	—

Drawdowns

INFR vs. PBOG - Drawdown Comparison

The maximum INFR drawdown since its inception was -19.28%, which is greater than PBOG's maximum drawdown of -16.46%. Use the drawdown chart below to compare losses from any high point for INFR and PBOG.

Drawdown Indicators

	INFR	PBOG	Difference
Max Drawdown Largest peak-to-trough decline	-19.28%	-16.46%	-2.82%
Max Drawdown (1Y) Largest decline over 1 year	-6.43%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.48%	—	—
Current Drawdown Current decline from peak	-0.70%	-15.19%	+14.49%
Average Drawdown Average peak-to-trough decline	-4.91%	-3.86%	-1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	—	—

Volatility

Volatility by Period

	INFR	PBOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.73%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.90%	23.95%	-15.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.24%	23.95%	-9.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.24%	23.95%	-9.71%

INFR vs. PBOG - Expense Ratio Comparison

INFR has a 0.59% expense ratio, which is higher than PBOG's 0.13% expense ratio.

Dividends

INFR vs. PBOG - Dividend Comparison

INFR has not paid dividends to shareholders, while PBOG's dividend yield for the trailing twelve months is around 0.14%.

Position	TTM	2025	2024	2023
INFR ClearBridge Sustainable Infrastructure ETF	1.71%	2.52%	2.36%	3.06%
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	0.14%	0.17%	0.00%	0.00%

Frequently Asked Questions

Can I hold both INFR and PBOG in my portfolio?

INFR and PBOG have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, INFR 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, INFR or PBOG?

PBOG is cheaper with a 0.13% expense ratio, compared with 0.59% for INFR.

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

INFR has the higher dividend yield at 1.71%, compared with 0.14% for PBOG.

What is the main difference between INFR and PBOG?

INFR tracks RARE Global Infrastructure Index, while PBOG tracks BITA Global Oil & Gas Select Index. They also come from different issuers: ClearBridge and Portfolio Building Blocks. Their fees differ too: 0.59% for INFR and 0.13% for PBOG.