PBOG vs. OILT

Last updated Jun 4, 2026

PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) and OILT (Texas Capital Texas Oil Index ETF) are both exchange-traded funds - PBOG is a Oil & Gas fund tracking the BITA Global Oil & Gas Select Index, while OILT is a Energy Equities fund tracking the Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross. Both are passively managed. Their correlation of 0.94 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 32.22% return, which is significantly lower than OILT's 35.33% return.

PBOG

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

OILT

• 1D: 1.74%
• 1M: -4.77%
• YTD: 35.33%
• 6M: 29.79%
• 1Y: 47.26%
• 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	32.22%	1.62%
OILT Texas Capital Texas Oil Index ETF	35.33%	0.97%

Correlation

The correlation between PBOG and OILT is 0.94, 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 26, 2025	0.94

Return for Risk

PBOG vs. OILT — Risk / Return Rank

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

OILT

OILT Risk / Return Rank: 51
OILT Sharpe Ratio Rank: 49
OILT Sortino Ratio Rank: 45
OILT Omega Ratio Rank: 42
OILT Calmar Ratio Rank: 70
OILT Martin Ratio Rank: 50

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.

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

Sharpe Ratios by Period

	PBOG	OILT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.31	0.42	+2.89

Drawdowns

PBOG vs. OILT - Drawdown Comparison

The maximum PBOG drawdown since its inception was -11.45%, 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	-11.45%	-35.21%	+23.76%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.79%	—
Current Drawdown Current decline from peak	-6.81%	-8.67%	+1.86%
Average Drawdown Average peak-to-trough decline	-3.10%	-12.93%	+9.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.66%	—

Volatility

Volatility by Period

	PBOG	OILT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.94%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.67%	28.09%	-4.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.67%	28.72%	-5.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.67%	28.72%	-5.05%

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 0.13%, less than OILT's 2.43% yield.

Position	TTM	2025	2024
OILT Texas Capital Texas Oil Index ETF	2.43%	3.12%	2.63%
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	0.13%	0.17%	0.00%

Frequently Asked Questions

Can I hold both PBOG and OILT in my portfolio?

With a correlation of 0.94, 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 2.43%, compared with 0.13% for PBOG.

What is the main difference between PBOG and OILT?

PBOG is categorized as Oil & Gas, while OILT is Energy Equities. 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.