PBOG vs. JHMB
PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) and JHMB (John Hancock Mortgage Backed Securities ETF) are both exchange-traded funds - PBOG is a Energy Equities fund tracking the BITA Global Oil & Gas Select Index, while JHMB is a Intermediate Core-Plus Bond fund actively managed by John Hancock. PBOG is passively managed, while JHMB is actively managed. At a correlation of -0.38, they often move in opposite directions. PBOG charges 0.13%/yr vs 0.39%/yr for JHMB.
Performance
PBOG vs. JHMB - Performance Comparison
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Returns By Period
In the year-to-date period, PBOG achieves a 24.78% return, which is significantly higher than JHMB's 0.64% return.
PBOG
- 1D
- 0.16%
- 1M
- 1.84%
- 6M
- 20.36%
- YTD
- 24.78%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JHMB
- 1D
- -0.23%
- 1M
- -0.34%
- 6M
- 0.10%
- YTD
- 0.64%
- 1Y
- 6.04%
- 3Y*
- 5.12%
- 5Y*
- —
- 10Y*
- —
PBOG vs. JHMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 24.78% | 1.39% |
JHMB John Hancock Mortgage Backed Securities ETF | 0.64% | 0.28% |
Correlation
The correlation between PBOG and JHMB is -0.38, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025 | -0.38 |
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Return for Risk
PBOG vs. JHMB — Risk / Return Rank
PBOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JHMB
PBOG vs. JHMB - 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 John Hancock Mortgage Backed Securities ETF (JHMB). 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 | JHMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.01 | — |
| Martin ratioReturn relative to average drawdown | — | 5.34 | — |
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Drawdowns
PBOG vs. JHMB - Drawdown Comparison
The maximum PBOG drawdown since its inception was -19.24%, which is greater than JHMB's maximum drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for PBOG and JHMB.
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Drawdown Indicators
| PBOG | JHMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.24% | -14.53% | -4.71% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.01% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.80% | — |
Current DrawdownCurrent decline from peak | -12.05% | -1.57% | -10.48% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -4.74% | -0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.13% | — |
Volatility
PBOG vs. JHMB - Volatility Comparison
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Volatility by Period
| PBOG | JHMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.19% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.92% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.00% | 3.80% | +20.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.00% | 5.77% | +18.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.00% | 5.77% | +18.23% |
PBOG vs. JHMB - Expense Ratio Comparison
PBOG has a 0.13% expense ratio, which is lower than JHMB's 0.39% expense ratio.
Dividends
PBOG vs. JHMB - Dividend Comparison
PBOG's dividend yield for the trailing twelve months is around 0.14%, less than JHMB's 4.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JHMB John Hancock Mortgage Backed Securities ETF | 4.76% | 4.48% | 4.88% | 4.04% | 4.17% | 0.98% |
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 0.14% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PBOG and JHMB have a correlation of -0.38, 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 0.39% for JHMB.
JHMB has the higher dividend yield at 4.76%, compared with 0.14% for PBOG.
PBOG is categorized as Energy Equities, while JHMB is Intermediate Core-Plus Bond. They also come from different issuers: Portfolio Building Blocks and John Hancock. Their fees differ too: 0.13% for PBOG and 0.39% for JHMB.
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