OILT vs. PBOG
OILT (Texas Capital Texas Oil Index ETF) and PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) are both exchange-traded funds - OILT is a Energy Equities fund tracking the Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross, while PBOG is a Oil & Gas fund tracking the BITA Global Oil & Gas Select Index. Both are passively managed. Their correlation of 0.94 suggests significant overlap in exposure. OILT charges 0.35%/yr vs 0.13%/yr for PBOG.
Performance
OILT vs. PBOG - Performance Comparison
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Returns By Period
In the year-to-date period, OILT achieves a 35.33% return, which is significantly higher than PBOG's 32.22% return.
OILT
- 1D
- 1.74%
- 1M
- -4.77%
- YTD
- 35.33%
- 6M
- 29.79%
- 1Y
- 47.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PBOG
- 1D
- 1.23%
- 1M
- -2.32%
- YTD
- 32.22%
- 6M
- 29.70%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OILT vs. PBOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OILT Texas Capital Texas Oil Index ETF | 35.33% | 0.97% |
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 32.22% | 1.62% |
Correlation
The correlation between OILT and PBOG is 0.94, 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 26, 2025 | 0.94 |
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Return for Risk
OILT vs. PBOG — Risk / Return Rank
OILT
PBOG
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.
| OILT | PBOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.27 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | — | — |
| Martin ratioReturn relative to average drawdown | 8.37 | — | — |
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
| OILT | PBOG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 3.31 | -2.89 |
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 -11.45%. Use the drawdown chart below to compare losses from any high point for OILT and PBOG.
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Drawdown Indicators
| OILT | PBOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.21% | -11.45% | -23.76% |
Max Drawdown (1Y)Largest decline over 1 year | -13.79% | — | — |
Current DrawdownCurrent decline from peak | -8.67% | -6.81% | -1.86% |
Average DrawdownAverage peak-to-trough decline | -12.93% | -3.10% | -9.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.66% | — | — |
Volatility
OILT vs. PBOG - Volatility Comparison
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Volatility by Period
| OILT | PBOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.94% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 21.13% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 28.09% | 23.67% | +4.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.72% | 23.67% | +5.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.72% | 23.67% | +5.05% |
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 2.43%, more than PBOG's 0.13% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
OILT Texas Capital Texas Oil Index ETF | 2.43% | 3.12% | 2.63% |
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 0.13% | 0.17% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, 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.
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 0.35% for OILT.
OILT has the higher dividend yield at 2.43%, compared with 0.13% for PBOG.
OILT is categorized as Energy Equities, while PBOG is Oil & Gas. 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.
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