PBOG vs. BKGI

Last updated Jul 17, 2026

PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) and BKGI (Bny Mellon Global Infrastructure Income ETF) are both Energy Equities funds. PBOG is passively managed, while BKGI is actively managed. At a 0.14 correlation, their price movements are largely independent. PBOG charges 0.13%/yr vs 0.65%/yr for BKGI.

Performance

PBOG vs. BKGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF (PBOG) and Bny Mellon Global Infrastructure Income ETF (BKGI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PBOG achieves a 24.78% return, which is significantly higher than BKGI's 14.63% return.

PBOG

• 1D: 0.16%
• 1M: 1.84%
• 6M: 20.36%
• YTD: 24.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BKGI

• 1D: 0.31%
• 1M: 1.38%
• 6M: 12.05%
• YTD: 14.63%
• 1Y: 23.16%
• 3Y*: 21.51%
• 5Y*: —
• 10Y*: —

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

PBOG vs. BKGI - Yearly Performance Comparison

	2026 (YTD)	2025
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	24.78%	1.39%
BKGI Bny Mellon Global Infrastructure Income ETF	14.63%	1.49%

Correlation

The correlation between PBOG and BKGI is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025	0.14

Return for Risk

PBOG vs. BKGI — Risk / Return Rank

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

PBOG

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

BKGI

BKGI Risk / Return Rank: 79
BKGI Sharpe Ratio Rank: 79
BKGI Sortino Ratio Rank: 77
BKGI Omega Ratio Rank: 77
BKGI Calmar Ratio Rank: 86
BKGI Martin Ratio Rank: 77

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.

PBOG vs. BKGI - 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 Bny Mellon Global Infrastructure Income ETF (BKGI). 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	BKGI	Difference
Sharpe ratio: Return per unit of total volatility	—	2.00	—
Sortino ratio: Return per unit of downside risk	—	2.76	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	3.78	—
Martin ratio: Return relative to average drawdown	—	11.31	—

Drawdowns

PBOG vs. BKGI - Drawdown Comparison

The maximum PBOG drawdown since its inception was -19.24%, which is greater than BKGI's maximum drawdown of -14.79%. Use the drawdown chart below to compare losses from any high point for PBOG and BKGI.

Drawdown Indicators

	PBOG	BKGI	Difference
Max Drawdown Largest peak-to-trough decline	-19.24%	-14.79%	-4.45%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.16%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.16%	—
Current Drawdown Current decline from peak	-12.05%	-1.04%	-11.01%
Average Drawdown Average peak-to-trough decline	-5.05%	-2.56%	-2.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.05%	—

Volatility

Volatility by Period

	PBOG	BKGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.54%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.58%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.00%	11.64%	+12.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.00%	13.99%	+10.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.00%	13.99%	+10.01%

PBOG vs. BKGI - Expense Ratio Comparison

PBOG has a 0.13% expense ratio, which is lower than BKGI's 0.65% expense ratio.

Dividends

PBOG vs. BKGI - Dividend Comparison

PBOG's dividend yield for the trailing twelve months is around 0.14%, less than BKGI's 2.88% yield.

Position	TTM	2025	2024	2023	2022
BKGI Bny Mellon Global Infrastructure Income ETF	2.88%	2.65%	4.55%	4.55%	0.53%
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	0.14%	0.17%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PBOG and BKGI in my portfolio?

PBOG and BKGI have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PBOG or BKGI?

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, PBOG or BKGI?

PBOG is cheaper with a 0.13% expense ratio, compared with 0.65% for BKGI.

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

BKGI has the higher dividend yield at 2.88%, compared with 0.14% for PBOG.

What is the main difference between PBOG and BKGI?

They also come from different issuers: Portfolio Building Blocks and BNY Mellon. Their fees differ too: 0.13% for PBOG and 0.65% for BKGI.