PBOG vs. DBE
PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - PBOG is a Energy Equities fund tracking the BITA Global Oil & Gas Select Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. A 0.71 correlation means they provide meaningful diversification when combined. PBOG charges 0.13%/yr vs 0.78%/yr for DBE.
Performance
PBOG vs. DBE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PBOG achieves a 20.33% return, which is significantly lower than DBE's 53.97% return.
PBOG
- 1D
- 0.25%
- 1M
- -9.73%
- YTD
- 20.33%
- 6M
- 21.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBE
- 1D
- -0.63%
- 1M
- -16.23%
- YTD
- 53.97%
- 6M
- 50.93%
- 1Y
- 43.95%
- 3Y*
- 16.83%
- 5Y*
- 14.66%
- 10Y*
- 10.12%
PBOG vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 20.33% | 1.39% |
DBE Invesco DB Energy Fund | 53.97% | -4.53% |
Correlation
The correlation between PBOG and DBE is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025 | 0.71 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PBOG vs. DBE — Risk / Return Rank
PBOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DBE
PBOG vs. DBE - 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 Invesco DB Energy Fund (DBE). 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 | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.23 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.07 | — |
| Martin ratioReturn relative to average drawdown | — | 6.89 | — |
Loading charts...
Drawdowns
PBOG vs. DBE - Drawdown Comparison
The maximum PBOG drawdown since its inception was -16.46%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for PBOG and DBE.
Loading charts...
Drawdown Indicators
| PBOG | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.46% | -86.69% | +70.23% |
Max Drawdown (1Y)Largest decline over 1 year | — | -21.28% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.89% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -15.19% | -41.55% | +26.36% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -57.24% | +53.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.42% | — |
Volatility
PBOG vs. DBE - Volatility Comparison
Loading charts...
Volatility by Period
| PBOG | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.37% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 31.44% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.95% | 35.27% | -11.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.95% | 29.58% | -5.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.95% | 28.34% | -4.39% |
PBOG vs. DBE - Expense Ratio Comparison
PBOG has a 0.13% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
PBOG vs. DBE - Dividend Comparison
PBOG's dividend yield for the trailing twelve months is around 0.14%, less than DBE's 2.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.51% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
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% | 0.00% |
Frequently Asked Questions
PBOG and DBE have a correlation of 0.71, 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 0.78% for DBE.
DBE has the higher dividend yield at 2.51%, compared with 0.14% for PBOG.
PBOG is categorized as Energy Equities, while DBE is Oil & Gas. PBOG tracks BITA Global Oil & Gas Select Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Portfolio Building Blocks and Invesco. Their fees differ too: 0.13% for PBOG and 0.78% for DBE.
Find the right allocation for PBOG and DBE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer