PBOG vs. DVXE

Last updated Jun 24, 2026

PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) and DVXE (WEBs Energy XLE Defined Volatility ETF) are both Energy Equities funds - PBOG tracks the BITA Global Oil & Gas Select Index while DVXE tracks the Syntax Defined Volatility XLE Index. Both are passively managed. Their correlation of 0.92 suggests significant overlap in exposure. PBOG charges 0.13%/yr vs 0.89%/yr for DVXE.

Performance

PBOG vs. DVXE - 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 WEBs Energy XLE Defined Volatility ETF (DVXE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PBOG achieves a 20.33% return, which is significantly lower than DVXE's 34.11% return.

PBOG

• 1D: 0.25%
• 1M: -9.73%
• YTD: 20.33%
• 6M: 21.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DVXE

• 1D: 0.96%
• 1M: -8.86%
• YTD: 34.11%
• 6M: 35.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PBOG vs. DVXE - Yearly Performance Comparison

	2026 (YTD)	2025
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	20.33%	1.39%
DVXE WEBs Energy XLE Defined Volatility ETF	34.11%	0.73%

Correlation

The correlation between PBOG and DVXE is 0.92, 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 25, 2025	0.92

Return for Risk

PBOG vs. DVXE - 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 WEBs Energy XLE Defined Volatility ETF (DVXE). 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. DVXE - Drawdown Comparison

The maximum PBOG drawdown since its inception was -16.46%, smaller than the maximum DVXE drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for PBOG and DVXE.

Drawdown Indicators

	PBOG	DVXE	Difference
Max Drawdown Largest peak-to-trough decline	-16.46%	-20.56%	+4.10%
Current Drawdown Current decline from peak	-15.19%	-18.58%	+3.39%
Average Drawdown Average peak-to-trough decline	-3.86%	-6.35%	+2.49%

Volatility

Volatility by Period

	PBOG	DVXE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	23.95%	31.12%	-7.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.95%	31.12%	-7.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.95%	31.12%	-7.17%

PBOG vs. DVXE - Expense Ratio Comparison

PBOG has a 0.13% expense ratio, which is lower than DVXE's 0.89% expense ratio.

Dividends

PBOG vs. DVXE - Dividend Comparison

PBOG's dividend yield for the trailing twelve months is around 0.14%, while DVXE has not paid dividends to shareholders.

Position	TTM	2025
DVXE WEBs Energy XLE Defined Volatility ETF	0.00%	0.00%
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	0.14%	0.17%

Frequently Asked Questions

Can I hold both PBOG and DVXE in my portfolio?

With a correlation of 0.92, PBOG and DVXE 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 DVXE?

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 DVXE?

PBOG is cheaper with a 0.13% expense ratio, compared with 0.89% for DVXE.

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

PBOG has the higher dividend yield at 0.14%, compared with 0.00% for DVXE.

What is the main difference between PBOG and DVXE?

PBOG tracks BITA Global Oil & Gas Select Index, while DVXE tracks Syntax Defined Volatility XLE Index. They also come from different issuers: Portfolio Building Blocks and WEBs. Their fees differ too: 0.13% for PBOG and 0.89% for DVXE.