OILT vs. PBOG

Last updated Jun 24, 2026

OILT (Texas Capital Texas Oil Index ETF) and PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) are both Energy Equities funds - OILT tracks the Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross while PBOG tracks the BITA Global Oil & Gas Select Index. Both are passively managed. Their correlation of 0.95 suggests significant overlap in exposure. OILT charges 0.35%/yr vs 0.13%/yr for PBOG.

Performance

OILT vs. PBOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Texas Capital Texas Oil Index ETF (OILT) 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, OILT achieves a 23.87% return, which is significantly higher than PBOG's 20.33% return.

OILT

• 1D: 0.51%
• 1M: -9.15%
• YTD: 23.87%
• 6M: 25.26%
• 1Y: 29.05%
• 3Y*: —
• 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)

OILT vs. PBOG - Yearly Performance Comparison

	2026 (YTD)	2025
OILT Texas Capital Texas Oil Index ETF	23.87%	0.35%
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	20.33%	1.39%

Correlation

The correlation between OILT and PBOG is 0.95, 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	0.95

Return for Risk

OILT vs. PBOG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OILT

OILT Risk / Return Rank: 31
OILT Sharpe Ratio Rank: 31
OILT Sortino Ratio Rank: 30
OILT Omega Ratio Rank: 27
OILT Calmar Ratio Rank: 34
OILT Martin Ratio Rank: 33

PBOG

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

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.

OILT vs. PBOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Oil Index ETF (OILT) 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.

	OILT	PBOG	Difference
Sharpe ratio: Return per unit of total volatility	1.04	—	—
Sortino ratio: Return per unit of downside risk	1.52	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.59	—	—
Martin ratio: Return relative to average drawdown	4.62	—	—

Drawdowns

OILT vs. PBOG - Drawdown Comparison

The maximum OILT drawdown since its inception was -35.21%, which is greater than PBOG's maximum drawdown of -16.46%. Use the drawdown chart below to compare losses from any high point for OILT and PBOG.

Drawdown Indicators

	OILT	PBOG	Difference
Max Drawdown Largest peak-to-trough decline	-35.21%	-16.46%	-18.75%
Max Drawdown (1Y) Largest decline over 1 year	-18.38%	—	—
Current Drawdown Current decline from peak	-16.41%	-15.19%	-1.22%
Average Drawdown Average peak-to-trough decline	-12.93%	-3.86%	-9.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.32%	—	—

Volatility

Volatility by Period

	OILT	PBOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.91%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.27%	23.95%	+4.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.76%	23.95%	+4.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.76%	23.95%	+4.81%

OILT vs. PBOG - Expense Ratio Comparison

OILT has a 0.35% expense ratio, which is higher than PBOG's 0.13% expense ratio.

Dividends

OILT vs. PBOG - Dividend Comparison

OILT's dividend yield for the trailing twelve months is around 2.66%, more than PBOG's 0.14% yield.

Position	TTM	2025	2024
OILT Texas Capital Texas Oil Index ETF	2.66%	3.12%	2.63%
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	0.14%	0.17%	0.00%

Frequently Asked Questions

Can I hold both OILT and PBOG in my portfolio?

With a correlation of 0.95, OILT 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, OILT 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, OILT or PBOG?

PBOG is cheaper with a 0.13% expense ratio, compared with 0.35% for OILT.

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

OILT has the higher dividend yield at 2.66%, compared with 0.14% for PBOG.

What is the main difference between OILT and PBOG?

OILT tracks Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross, while PBOG tracks BITA Global Oil & Gas Select Index. They also come from different issuers: Texas Capital and Portfolio Building Blocks. Their fees differ too: 0.35% for OILT and 0.13% for PBOG.