PBOG vs. OILT

Last updated Jun 24, 2026

PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) and OILT (Texas Capital Texas Oil Index ETF) are both Energy Equities funds - PBOG tracks the BITA Global Oil & Gas Select Index while OILT tracks the Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross. Both are passively managed. Their correlation of 0.95 suggests significant overlap in exposure. PBOG charges 0.13%/yr vs 0.35%/yr for OILT.

Performance

PBOG vs. OILT - 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 Texas Capital Texas Oil Index ETF (OILT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PBOG achieves a 20.33% return, which is significantly lower than OILT's 23.87% return.

PBOG

• 1D: 0.25%
• 1M: -9.73%
• YTD: 20.33%
• 6M: 21.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OILT

• 1D: 0.51%
• 1M: -9.15%
• YTD: 23.87%
• 6M: 25.26%
• 1Y: 29.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PBOG vs. OILT - Yearly Performance Comparison

	2026 (YTD)	2025
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	20.33%	1.39%
OILT Texas Capital Texas Oil Index ETF	23.87%	0.35%

Correlation

The correlation between PBOG and OILT is 0.95, 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 25, 2025	0.95

Return for Risk

PBOG vs. OILT — Risk / Return Rank

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

PBOG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

OILT

OILT Risk / Return Rank: 31
OILT Sharpe Ratio Rank: 31
OILT Sortino Ratio Rank: 30
OILT Omega Ratio Rank: 27
OILT Calmar Ratio Rank: 34
OILT Martin Ratio Rank: 33

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. OILT - 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 Texas Capital Texas Oil Index ETF (OILT). 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	OILT	Difference
Sharpe ratio: Return per unit of total volatility	—	1.04	—
Sortino ratio: Return per unit of downside risk	—	1.52	—
Omega ratio: Gain probability vs. loss probability	—	1.18	—
Calmar ratio: Return relative to maximum drawdown	—	1.59	—
Martin ratio: Return relative to average drawdown	—	4.62	—

Drawdowns

PBOG vs. OILT - Drawdown Comparison

The maximum PBOG drawdown since its inception was -16.46%, smaller than the maximum OILT drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for PBOG and OILT.

Drawdown Indicators

	PBOG	OILT	Difference
Max Drawdown Largest peak-to-trough decline	-16.46%	-35.21%	+18.75%
Max Drawdown (1Y) Largest decline over 1 year	—	-18.38%	—
Current Drawdown Current decline from peak	-15.19%	-16.41%	+1.22%
Average Drawdown Average peak-to-trough decline	-3.86%	-12.93%	+9.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.32%	—

Volatility

Volatility by Period

	PBOG	OILT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.91%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.95%	28.27%	-4.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.95%	28.76%	-4.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.95%	28.76%	-4.81%

PBOG vs. OILT - Expense Ratio Comparison

PBOG has a 0.13% expense ratio, which is lower than OILT's 0.35% expense ratio.

Dividends

PBOG vs. OILT - Dividend Comparison

PBOG's dividend yield for the trailing twelve months is around 0.14%, less than OILT's 2.66% yield.

Position	TTM	2025	2024
OILT Texas Capital Texas Oil Index ETF	2.66%	3.12%	2.63%
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	0.14%	0.17%	0.00%

Frequently Asked Questions

Can I hold both PBOG and OILT in my portfolio?

With a correlation of 0.95, PBOG and OILT 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.

Which ETF is better, PBOG or OILT?

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 OILT?

PBOG is cheaper with a 0.13% expense ratio, compared with 0.35% for OILT.

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

OILT has the higher dividend yield at 2.66%, compared with 0.14% for PBOG.

What is the main difference between PBOG and OILT?

PBOG tracks BITA Global Oil & Gas Select Index, while OILT tracks Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross. They also come from different issuers: Portfolio Building Blocks and Texas Capital. Their fees differ too: 0.13% for PBOG and 0.35% for OILT.