PBOG vs. INFR

Last updated Jun 23, 2026

PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) and INFR (ClearBridge Sustainable Infrastructure ETF) are both Energy Equities funds - PBOG tracks the BITA Global Oil & Gas Select Index while INFR tracks the RARE Global Infrastructure Index. Both are passively managed. At a 0.10 correlation, their price movements are largely independent. PBOG charges 0.13%/yr vs 0.59%/yr for INFR.

Performance

PBOG vs. INFR - 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 ClearBridge Sustainable Infrastructure ETF (INFR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PBOG achieves a 20.03% return, which is significantly higher than INFR's 1.41% return.

PBOG

• 1D: 1.27%
• 1M: -9.96%
• YTD: 20.03%
• 6M: 21.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

INFR

• 1D: 0.00%
• 1M: 0.00%
• YTD: 1.41%
• 6M: 2.04%
• 1Y: 7.57%
• 3Y*: 5.42%
• 5Y*: —
• 10Y*: —

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

PBOG vs. INFR - Yearly Performance Comparison

	2026 (YTD)	2025
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	20.03%	1.39%
INFR ClearBridge Sustainable Infrastructure ETF	1.41%	1.67%

Correlation

The correlation between PBOG and INFR is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025	0.10

Return for Risk

PBOG vs. INFR - 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 ClearBridge Sustainable Infrastructure ETF (INFR). 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	INFR	Difference
Sharpe ratio: Return per unit of total volatility	—	0.93	—
Sortino ratio: Return per unit of downside risk	—	1.36	—
Omega ratio: Gain probability vs. loss probability	—	1.21	—
Calmar ratio: Return relative to maximum drawdown	—	1.28	—
Martin ratio: Return relative to average drawdown	—	3.97	—

Drawdowns

PBOG vs. INFR - Drawdown Comparison

The maximum PBOG drawdown since its inception was -16.46%, smaller than the maximum INFR drawdown of -19.28%. Use the drawdown chart below to compare losses from any high point for PBOG and INFR.

Drawdown Indicators

	PBOG	INFR	Difference
Max Drawdown Largest peak-to-trough decline	-16.46%	-19.28%	+2.82%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.43%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.48%	—
Current Drawdown Current decline from peak	-15.40%	-0.70%	-14.70%
Average Drawdown Average peak-to-trough decline	-3.78%	-4.91%	+1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.04%	—

Volatility

Volatility by Period

	PBOG	INFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.73%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.04%	8.90%	+15.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.04%	14.24%	+9.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.04%	14.24%	+9.80%

PBOG vs. INFR - Expense Ratio Comparison

PBOG has a 0.13% expense ratio, which is lower than INFR's 0.59% expense ratio.

Dividends

PBOG vs. INFR - Dividend Comparison

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

Position	TTM	2025	2024	2023
INFR ClearBridge Sustainable Infrastructure ETF	1.71%	2.52%	2.36%	3.06%
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	0.14%	0.17%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PBOG and INFR in my portfolio?

PBOG and INFR have a correlation of 0.10, 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 INFR?

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 INFR?

PBOG is cheaper with a 0.13% expense ratio, compared with 0.59% for INFR.

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

INFR has the higher dividend yield at 1.71%, compared with 0.14% for PBOG.

What is the main difference between PBOG and INFR?

PBOG tracks BITA Global Oil & Gas Select Index, while INFR tracks RARE Global Infrastructure Index. They also come from different issuers: Portfolio Building Blocks and ClearBridge. Their fees differ too: 0.13% for PBOG and 0.59% for INFR.