NIKL vs. PBOG
NIKL (Sprott Nickel Miners ETF) and PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) are both exchange-traded funds - NIKL is a Energy Equities fund tracking the Nasdaq Sprott Nickel Miners Index - Benchmark TR Gross, while PBOG is a Oil & Gas fund tracking the BITA Global Oil & Gas Select Index. Both are passively managed. At a correlation of -0.02, they often move in opposite directions. NIKL charges 0.75%/yr vs 0.13%/yr for PBOG.
Performance
NIKL vs. PBOG - Performance Comparison
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Returns By Period
In the year-to-date period, NIKL achieves a -7.50% return, which is significantly lower than PBOG's 31.74% return.
NIKL
- 1D
- 0.76%
- 1M
- -13.19%
- YTD
- -7.50%
- 6M
- 4.95%
- 1Y
- 27.58%
- 3Y*
- -3.02%
- 5Y*
- —
- 10Y*
- —
PBOG
- 1D
- -0.36%
- 1M
- -2.93%
- YTD
- 31.74%
- 6M
- 29.27%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NIKL vs. PBOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NIKL Sprott Nickel Miners ETF | -7.50% | 19.25% |
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 31.74% | 1.62% |
Correlation
The correlation between NIKL and PBOG is -0.02, 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 26, 2025 | -0.02 |
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Return for Risk
NIKL vs. PBOG — Risk / Return Rank
NIKL
PBOG
NIKL vs. PBOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Nickel Miners ETF (NIKL) 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.
| NIKL | PBOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.14 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | — | — |
| Martin ratioReturn relative to average drawdown | 2.23 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NIKL | PBOG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 3.24 | -3.34 |
Drawdowns
NIKL vs. PBOG - Drawdown Comparison
The maximum NIKL drawdown since its inception was -60.23%, which is greater than PBOG's maximum drawdown of -11.45%. Use the drawdown chart below to compare losses from any high point for NIKL and PBOG.
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Drawdown Indicators
| NIKL | PBOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.23% | -11.45% | -48.78% |
Max Drawdown (1Y)Largest decline over 1 year | -29.87% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -60.23% | — | — |
Current DrawdownCurrent decline from peak | -29.33% | -7.15% | -22.18% |
Average DrawdownAverage peak-to-trough decline | -26.58% | -3.13% | -23.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.42% | — | — |
Volatility
NIKL vs. PBOG - Volatility Comparison
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Volatility by Period
| NIKL | PBOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.35% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 35.55% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 42.12% | 23.59% | +18.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.60% | 23.59% | +9.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.60% | 23.59% | +9.01% |
NIKL vs. PBOG - Expense Ratio Comparison
NIKL has a 0.75% expense ratio, which is higher than PBOG's 0.13% expense ratio.
Dividends
NIKL vs. PBOG - Dividend Comparison
NIKL's dividend yield for the trailing twelve months is around 2.73%, more than PBOG's 0.13% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NIKL Sprott Nickel Miners ETF | 2.73% | 2.53% | 3.49% | 19.52% |
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 0.13% | 0.17% | 0.00% | 0.00% |
Frequently Asked Questions
NIKL and PBOG have a correlation of -0.02, 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 0.75% for NIKL.
NIKL has the higher dividend yield at 2.73%, compared with 0.13% for PBOG.
NIKL is categorized as Energy Equities, while PBOG is Oil & Gas. NIKL tracks Nasdaq Sprott Nickel Miners Index - Benchmark TR Gross, while PBOG tracks BITA Global Oil & Gas Select Index. They also come from different issuers: Sprott and Portfolio Building Blocks. Their fees differ too: 0.75% for NIKL and 0.13% for PBOG.
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