PBOG vs. BPH

Last updated Aug 2, 2026

PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) and BPH (BP p.l.c. ADRhedged ETF) are both Energy Equities funds. PBOG is passively managed, while BPH is actively managed. Their correlation of 0.92 means they have usually moved in the same direction. PBOG charges 0.13%/yr vs 0.19%/yr for BPH.

Performance

PBOG vs. BPH - 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 BP p.l.c. ADRhedged ETF (BPH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PBOG

• 1D: 0.97%
• 1M: 16.05%
• 6M: 20.42%
• YTD: 35.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BPH

• 1D: 2.00%
• 1M: 18.84%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BPH BP p.l.c. ADRhedged ETF	$53.46K	$52.99K	$51.54K
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	$1.29M	$3.21M	$2.88M

PBOG vs. BPH - Yearly Performance Comparison

	2026 (YTD)
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	1.28%
BPH BP p.l.c. ADRhedged ETF	5.67%

Correlation

The correlation between PBOG and BPH is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 26, 2026	0.92

Return for Risk

PBOG vs. BPH - 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 BP p.l.c. ADRhedged ETF (BPH). 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.

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

Drawdowns

PBOG vs. BPH - Drawdown Comparison

The maximum PBOG drawdown since its inception was -19.24%, which is greater than BPH's maximum drawdown of -15.58%. Use the drawdown chart below to compare losses from any high point for PBOG and BPH.

Drawdown Indicators

	PBOG	BPH	Difference
Max Drawdown Largest peak-to-trough decline	-19.24%	-15.58%	-3.66%
Current Drawdown Current decline from peak	-4.85%	0.00%	-4.85%
Average Drawdown Average peak-to-trough decline	-5.21%	-5.64%	+0.43%

Volatility

Volatility by Period

	PBOG	BPH	Difference
Volatility (1Y) Calculated over the trailing 1-year period	24.21%	28.58%	-4.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.21%	28.58%	-4.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.21%	28.58%	-4.37%

PBOG vs. BPH - Expense Ratio Comparison

PBOG has a 0.13% expense ratio, which is lower than BPH's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

PBOG vs. BPH - Dividend Comparison

PBOG's dividend yield for the trailing twelve months is around 0.13%, less than BPH's 0.48% yield.

Position	TTM	2025
BPH BP p.l.c. ADRhedged ETF	0.48%	0.00%
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	0.13%	0.17%

Frequently Asked Questions

Can I hold both PBOG and BPH in my portfolio?

With a correlation of 0.92, PBOG and BPH 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, PBOG or BPH?

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 BPH?

PBOG is cheaper with a 0.13% expense ratio, compared with 0.19% for BPH.

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

BPH has the higher dividend yield at 0.48%, compared with 0.13% for PBOG.

What is the main difference between PBOG and BPH?

They also come from different issuers: Portfolio Building Block and Precidian. Their fees differ too: 0.13% for PBOG and 0.19% for BPH.