PBOG vs. JPIE

Last updated Jun 5, 2026

PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) and JPIE (JPMorgan Income ETF) are both exchange-traded funds - PBOG is a Oil & Gas fund tracking the BITA Global Oil & Gas Select Index, while JPIE is a Multisector Bonds fund actively managed by JPMorgan. PBOG is passively managed, while JPIE is actively managed. At a correlation of -0.38, they often move in opposite directions. PBOG charges 0.13%/yr vs 0.40%/yr for JPIE.

Performance

PBOG vs. JPIE - 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 JPMorgan Income ETF (JPIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PBOG achieves a 31.74% return, which is significantly higher than JPIE's 1.51% return.

PBOG

• 1D: -0.36%
• 1M: -2.93%
• YTD: 31.74%
• 6M: 29.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JPIE

• 1D: 0.09%
• 1M: 0.39%
• YTD: 1.51%
• 6M: 1.98%
• 1Y: 5.83%
• 3Y*: 6.55%
• 5Y*: —
• 10Y*: —

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

PBOG vs. JPIE - Yearly Performance Comparison

	2026 (YTD)	2025
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	31.74%	1.62%
JPIE JPMorgan Income ETF	1.51%	0.59%

Correlation

The correlation between PBOG and JPIE 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 26, 2025	-0.38

Return for Risk

PBOG vs. JPIE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JPIE

JPIE Risk / Return Rank: 94
JPIE Sharpe Ratio Rank: 94
JPIE Sortino Ratio Rank: 96
JPIE Omega Ratio Rank: 96
JPIE Calmar Ratio Rank: 88
JPIE Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PBOG vs. JPIE - 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 JPMorgan Income ETF (JPIE). 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.

Sharpe Ratios by Period

	PBOG	JPIE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.24	0.99	+2.25

Drawdowns

PBOG vs. JPIE - Drawdown Comparison

The maximum PBOG drawdown since its inception was -11.45%, which is greater than JPIE's maximum drawdown of -9.96%. Use the drawdown chart below to compare losses from any high point for PBOG and JPIE.

Drawdown Indicators

	PBOG	JPIE	Difference
Max Drawdown Largest peak-to-trough decline	-11.45%	-9.96%	-1.49%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.15%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-2.40%	—
Current Drawdown Current decline from peak	-7.15%	-0.04%	-7.11%
Average Drawdown Average peak-to-trough decline	-3.13%	-2.09%	-1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.23%	—

Volatility

Volatility by Period

	PBOG	JPIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.61%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.28%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.59%	1.59%	+22.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.59%	3.52%	+20.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.59%	3.52%	+20.07%

PBOG vs. JPIE - Expense Ratio Comparison

PBOG has a 0.13% expense ratio, which is lower than JPIE's 0.40% expense ratio.

Dividends

PBOG vs. JPIE - Dividend Comparison

PBOG's dividend yield for the trailing twelve months is around 0.13%, less than JPIE's 5.62% yield.

Position	TTM	2025	2024	2023	2022	2021
JPIE JPMorgan Income ETF	5.62%	5.65%	6.11%	5.70%	4.49%	0.63%
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	0.13%	0.17%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PBOG and JPIE in my portfolio?

PBOG and JPIE 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.

Which ETF is better, PBOG or JPIE?

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 JPIE?

PBOG is cheaper with a 0.13% expense ratio, compared with 0.40% for JPIE.

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

JPIE has the higher dividend yield at 5.62%, compared with 0.13% for PBOG.

What is the main difference between PBOG and JPIE?

PBOG is categorized as Oil & Gas, while JPIE is Multisector Bonds. They also come from different issuers: Portfolio Building Blocks and JPMorgan. Their fees differ too: 0.13% for PBOG and 0.40% for JPIE.