PBOG vs. FENY
PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) and FENY (Fidelity MSCI Energy Index ETF) are both exchange-traded funds - PBOG is a Oil & Gas fund tracking the BITA Global Oil & Gas Select Index, while FENY is a Energy Equities fund tracking the MSCI USA IMI Energy Index. Both are passively managed. Their correlation of 0.94 suggests significant overlap in exposure. PBOG charges 0.13%/yr vs 0.08%/yr for FENY.
Performance
PBOG vs. FENY - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with PBOG having a 32.22% return and FENY slightly higher at 32.28%.
PBOG
- 1D
- 1.23%
- 1M
- -2.32%
- YTD
- 32.22%
- 6M
- 29.70%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FENY
- 1D
- 1.12%
- 1M
- -2.02%
- YTD
- 32.28%
- 6M
- 29.37%
- 1Y
- 45.42%
- 3Y*
- 17.98%
- 5Y*
- 20.48%
- 10Y*
- 9.57%
PBOG vs. FENY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 32.22% | 1.62% |
FENY Fidelity MSCI Energy Index ETF | 32.28% | 1.54% |
Correlation
The correlation between PBOG and FENY is 0.94, 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 26, 2025 | 0.94 |
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Return for Risk
PBOG vs. FENY — Risk / Return Rank
PBOG
FENY
PBOG vs. FENY - 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 Fidelity MSCI Energy Index ETF (FENY). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| PBOG | FENY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.24 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.78 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.31 | 0.20 | +3.11 |
Drawdowns
PBOG vs. FENY - Drawdown Comparison
The maximum PBOG drawdown since its inception was -11.45%, smaller than the maximum FENY drawdown of -74.35%. Use the drawdown chart below to compare losses from any high point for PBOG and FENY.
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Drawdown Indicators
| PBOG | FENY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.45% | -74.35% | +62.90% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.78% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.47% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.07% | — |
Current DrawdownCurrent decline from peak | -6.81% | -6.35% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -3.10% | -23.12% | +20.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.99% | — |
Volatility
PBOG vs. FENY - Volatility Comparison
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Volatility by Period
| PBOG | FENY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.96% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.33% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.67% | 20.39% | +3.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.67% | 26.46% | -2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.67% | 29.80% | -6.13% |
PBOG vs. FENY - Expense Ratio Comparison
PBOG has a 0.13% expense ratio, which is higher than FENY's 0.08% expense ratio. However, 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. FENY - Dividend Comparison
PBOG's dividend yield for the trailing twelve months is around 0.13%, less than FENY's 2.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FENY Fidelity MSCI Energy Index ETF | 2.41% | 3.18% | 3.05% | 3.33% | 3.33% | 3.69% | 4.60% | 6.43% | 3.21% | 2.94% | 2.29% | 3.05% |
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 0.13% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, PBOG and FENY 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.
On fees, FENY is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FENY is cheaper with a 0.08% expense ratio, compared with 0.13% for PBOG.
FENY has the higher dividend yield at 2.41%, compared with 0.13% for PBOG.
PBOG is categorized as Oil & Gas, while FENY is Energy Equities. PBOG tracks BITA Global Oil & Gas Select Index, while FENY tracks MSCI USA IMI Energy Index. They also come from different issuers: Portfolio Building Blocks and Fidelity. Their fees differ too: 0.13% for PBOG and 0.08% for FENY.
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