PBOG vs. JPMB

Last updated Jun 4, 2026

PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) and JPMB (JPMorgan USD Emerging Markets Sovereign Bond ETF) are both exchange-traded funds - PBOG is a Oil & Gas fund tracking the BITA Global Oil & Gas Select Index, while JPMB is a Emerging Markets Bonds fund tracking the J.P. Morgan Emerging Markets Risk-Aware Bond Index. Both are passively managed. At a correlation of -0.38, they often move in opposite directions. PBOG charges 0.13%/yr vs 0.39%/yr for JPMB.

Performance

PBOG vs. JPMB - 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 USD Emerging Markets Sovereign Bond ETF (JPMB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PBOG achieves a 32.22% return, which is significantly higher than JPMB's 1.60% return.

PBOG

• 1D: 1.23%
• 1M: -2.32%
• YTD: 32.22%
• 6M: 29.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JPMB

• 1D: -0.38%
• 1M: 1.30%
• YTD: 1.60%
• 6M: 1.55%
• 1Y: 11.48%
• 3Y*: 7.93%
• 5Y*: 1.42%
• 10Y*: —

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

PBOG vs. JPMB - Yearly Performance Comparison

	2026 (YTD)	2025
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	32.22%	1.62%
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF	1.60%	0.62%

Correlation

The correlation between PBOG and JPMB 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. JPMB — Risk / Return Rank

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

JPMB

JPMB Risk / Return Rank: 63
JPMB Sharpe Ratio Rank: 65
JPMB Sortino Ratio Rank: 69
JPMB Omega Ratio Rank: 71
JPMB Calmar Ratio Rank: 51
JPMB Martin Ratio Rank: 61

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. JPMB - 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 USD Emerging Markets Sovereign Bond ETF (JPMB). 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	JPMB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.18	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.31	0.28	+3.04

Drawdowns

PBOG vs. JPMB - Drawdown Comparison

The maximum PBOG drawdown since its inception was -11.45%, smaller than the maximum JPMB drawdown of -26.33%. Use the drawdown chart below to compare losses from any high point for PBOG and JPMB.

Drawdown Indicators

	PBOG	JPMB	Difference
Max Drawdown Largest peak-to-trough decline	-11.45%	-26.33%	+14.88%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.61%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-7.53%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.16%	—
Current Drawdown Current decline from peak	-6.81%	-0.38%	-6.43%
Average Drawdown Average peak-to-trough decline	-3.10%	-7.06%	+3.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.08%	—

Volatility

Volatility by Period

	PBOG	JPMB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.37%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.67%	5.29%	+18.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.67%	8.94%	+14.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.67%	9.65%	+14.02%

PBOG vs. JPMB - Expense Ratio Comparison

PBOG has a 0.13% expense ratio, which is lower than JPMB's 0.39% expense ratio.

Dividends

PBOG vs. JPMB - Dividend Comparison

PBOG's dividend yield for the trailing twelve months is around 0.13%, less than JPMB's 5.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF	5.80%	6.71%	6.32%	5.99%	4.94%	4.29%	4.29%	4.51%	4.58%
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%

Frequently Asked Questions

Can I hold both PBOG and JPMB in my portfolio?

PBOG and JPMB 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 JPMB?

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 JPMB?

PBOG is cheaper with a 0.13% expense ratio, compared with 0.39% for JPMB.

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

JPMB has the higher dividend yield at 5.80%, compared with 0.13% for PBOG.

What is the main difference between PBOG and JPMB?

PBOG is categorized as Oil & Gas, while JPMB is Emerging Markets Bonds. PBOG tracks BITA Global Oil & Gas Select Index, while JPMB tracks J.P. Morgan Emerging Markets Risk-Aware Bond Index. They also come from different issuers: Portfolio Building Blocks and JPMorgan. Their fees differ too: 0.13% for PBOG and 0.39% for JPMB.