PBOG vs. PSCE

Last updated Jun 4, 2026

PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) and PSCE (Invesco S&P SmallCap Energy ETF) are both exchange-traded funds - PBOG is a Oil & Gas fund tracking the BITA Global Oil & Gas Select Index, while PSCE is a Energy Equities fund tracking the S&P SmallCap 600 Energy Index. Both are passively managed. A 0.79 correlation means they provide meaningful diversification when combined. PBOG charges 0.13%/yr vs 0.29%/yr for PSCE.

Performance

PBOG vs. PSCE - 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 Invesco S&P SmallCap Energy ETF (PSCE). 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 PSCE's 42.33% return.

PBOG

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

PSCE

• 1D: 0.29%
• 1M: -4.35%
• YTD: 42.33%
• 6M: 34.80%
• 1Y: 61.94%
• 3Y*: 12.72%
• 5Y*: 10.77%
• 10Y*: -1.45%

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

PBOG vs. PSCE - Yearly Performance Comparison

	2026 (YTD)	2025
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	32.22%	1.62%
PSCE Invesco S&P SmallCap Energy ETF	42.33%	0.47%

Correlation

The correlation between PBOG and PSCE is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 26, 2025	0.79

Return for Risk

PBOG vs. PSCE — Risk / Return Rank

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

PSCE

PSCE Risk / Return Rank: 73
PSCE Sharpe Ratio Rank: 70
PSCE Sortino Ratio Rank: 62
PSCE Omega Ratio Rank: 58
PSCE Calmar Ratio Rank: 93
PSCE Martin Ratio Rank: 82

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. PSCE - 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 Invesco S&P SmallCap Energy ETF (PSCE). 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	PSCE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.32	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.29	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.31	-0.09	+3.40

Drawdowns

PBOG vs. PSCE - Drawdown Comparison

The maximum PBOG drawdown since its inception was -11.45%, smaller than the maximum PSCE drawdown of -96.21%. Use the drawdown chart below to compare losses from any high point for PBOG and PSCE.

Drawdown Indicators

	PBOG	PSCE	Difference
Max Drawdown Largest peak-to-trough decline	-11.45%	-96.21%	+84.76%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.41%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-44.57%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-45.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-90.70%	—
Current Drawdown Current decline from peak	-6.81%	-74.71%	+67.90%
Average Drawdown Average peak-to-trough decline	-3.10%	-58.83%	+55.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.74%	—

Volatility

Volatility by Period

	PBOG	PSCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.54%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.67%	27.01%	-3.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.67%	37.44%	-13.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.67%	43.26%	-19.59%

PBOG vs. PSCE - Expense Ratio Comparison

PBOG has a 0.13% expense ratio, which is lower than PSCE's 0.29% expense ratio.

Dividends

PBOG vs. PSCE - Dividend Comparison

PBOG's dividend yield for the trailing twelve months is around 0.13%, less than PSCE's 1.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%
PSCE Invesco S&P SmallCap Energy ETF	1.84%	2.39%	1.70%	2.57%	1.70%	0.46%	0.87%	0.14%	0.22%	0.04%	0.22%	0.82%

Frequently Asked Questions

Can I hold both PBOG and PSCE in my portfolio?

PBOG and PSCE have a correlation of 0.79, 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 PSCE?

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 PSCE?

PBOG is cheaper with a 0.13% expense ratio, compared with 0.29% for PSCE.

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

PSCE has the higher dividend yield at 1.84%, compared with 0.13% for PBOG.

What is the main difference between PBOG and PSCE?

PBOG is categorized as Oil & Gas, while PSCE is Energy Equities. PBOG tracks BITA Global Oil & Gas Select Index, while PSCE tracks S&P SmallCap 600 Energy Index. They also come from different issuers: Portfolio Building Blocks and Invesco. Their fees differ too: 0.13% for PBOG and 0.29% for PSCE.