PBOG vs. BJAN
PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) and BJAN (Innovator U.S. Equity Buffer ETF - January) are both exchange-traded funds - PBOG is a Energy Equities fund tracking the BITA Global Oil & Gas Select Index, while BJAN is a Defined Outcome fund tracking the S&P 500. Both are passively managed. At a correlation of -0.30, they often move in opposite directions. PBOG charges 0.13%/yr vs 0.79%/yr for BJAN.
Performance
PBOG vs. BJAN - Performance Comparison
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Returns By Period
In the year-to-date period, PBOG achieves a 24.78% return, which is significantly higher than BJAN's 7.50% return.
PBOG
- 1D
- 0.16%
- 1M
- 1.84%
- 6M
- 20.36%
- YTD
- 24.78%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BJAN
- 1D
- -0.29%
- 1M
- 0.42%
- 6M
- 6.47%
- YTD
- 7.50%
- 1Y
- 17.03%
- 3Y*
- 15.71%
- 5Y*
- 10.54%
- 10Y*
- —
PBOG vs. BJAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 24.78% | 1.39% |
BJAN Innovator U.S. Equity Buffer ETF - January | 7.50% | 2.87% |
Correlation
The correlation between PBOG and BJAN is -0.30, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025 | -0.30 |
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Return for Risk
PBOG vs. BJAN — Risk / Return Rank
PBOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BJAN
PBOG vs. BJAN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF (PBOG) and Innovator U.S. Equity Buffer ETF - January (BJAN). 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.
| PBOG | BJAN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.41 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.73 | — |
| Martin ratioReturn relative to average drawdown | — | 13.40 | — |
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Drawdowns
PBOG vs. BJAN - Drawdown Comparison
The maximum PBOG drawdown since its inception was -19.24%, smaller than the maximum BJAN drawdown of -26.86%. Use the drawdown chart below to compare losses from any high point for PBOG and BJAN.
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Drawdown Indicators
| PBOG | BJAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.24% | -26.86% | +7.62% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.27% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.81% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.38% | — |
Current DrawdownCurrent decline from peak | -12.05% | -0.29% | -11.76% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -2.87% | -2.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.27% | — |
Volatility
PBOG vs. BJAN - Volatility Comparison
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Volatility by Period
| PBOG | BJAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.43% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.68% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.00% | 8.03% | +15.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.00% | 12.04% | +11.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.00% | 14.01% | +9.99% |
PBOG vs. BJAN - Expense Ratio Comparison
PBOG has a 0.13% expense ratio, which is lower than BJAN's 0.79% expense ratio.
Dividends
PBOG vs. BJAN - Dividend Comparison
PBOG's dividend yield for the trailing twelve months is around 0.14%, while BJAN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BJAN Innovator U.S. Equity Buffer ETF - January | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.66% |
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% |
Frequently Asked Questions
PBOG and BJAN have a correlation of -0.30, 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 0.79% for BJAN.
PBOG has the higher dividend yield at 0.14%, compared with 0.00% for BJAN.
PBOG is categorized as Energy Equities, while BJAN is Defined Outcome. PBOG tracks BITA Global Oil & Gas Select Index, while BJAN tracks S&P 500. They also come from different issuers: Portfolio Building Blocks and Innovator. Their fees differ too: 0.13% for PBOG and 0.79% for BJAN.
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