PBOG vs. USO
PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) and USO (United States Oil Fund LP) are both exchange-traded funds - PBOG is a Energy Equities fund tracking the BITA Global Oil & Gas Select Index, while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. Both are passively managed. Their 0.74 correlation means they have sometimes moved together and sometimes differently. PBOG charges 0.13%/yr vs 0.86%/yr for USO.
Performance
PBOG vs. USO - Performance Comparison
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Returns By Period
In the year-to-date period, PBOG achieves a 35.00% return, which is significantly lower than USO's 86.77% return.
PBOG
- 1D
- 0.97%
- 1M
- 16.05%
- 6M
- 20.42%
- YTD
- 35.00%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
USO
- 1D
- 1.33%
- 1M
- 24.23%
- 6M
- 62.44%
- YTD
- 86.77%
- 1Y
- 66.76%
- 3Y*
- 20.97%
- 5Y*
- 20.59%
- 10Y*
- 5.64%
- ALL TIME*
- -6.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.29M | $3.21M | $2.88M | |
| $968.42M | $871.56M | $931.57M |
PBOG vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 35.00% | 1.39% |
USO United States Oil Fund LP | 86.77% | -1.79% |
Correlation
The correlation between PBOG and USO is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025 | 0.74 |
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Return for Risk
PBOG vs. USO — Risk / Return Rank
PBOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
USO
PBOG vs. USO - 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 United States Oil Fund LP (USO). 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 | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.93 | — |
| Martin ratioReturn relative to average drawdown | — | 5.60 | — |
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Drawdowns
PBOG vs. USO - Drawdown Comparison
The maximum PBOG drawdown since its inception was -19.24%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for PBOG and USO.
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Drawdown Indicators
| PBOG | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.24% | -98.19% | +78.95% |
Max Drawdown (1Y)Largest decline over 1 year | — | -32.49% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -32.49% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.75% | — |
Current DrawdownCurrent decline from peak | -4.85% | -86.26% | +81.41% |
Average DrawdownAverage peak-to-trough decline | -5.21% | -75.38% | +70.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 12.03% | — |
Volatility
PBOG vs. USO - Volatility Comparison
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Volatility by Period
| PBOG | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 17.73% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 42.79% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.21% | 46.91% | -22.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.21% | 37.06% | -12.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.21% | 39.29% | -15.08% |
PBOG vs. USO - Expense Ratio Comparison
PBOG has a 0.13% expense ratio, which is lower than USO's 0.86% expense ratio.
Dividends
PBOG vs. USO - Dividend Comparison
PBOG's dividend yield for the trailing twelve months is around 0.13%, while USO has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 0.13% | 0.17% |
USO United States Oil Fund LP | 0.00% | 0.00% |
Frequently Asked Questions
PBOG and USO have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
PBOG is cheaper with a 0.13% expense ratio, compared with 0.86% for USO.
PBOG has the higher dividend yield at 0.13%, compared with 0.00% for USO.
PBOG is categorized as Energy Equities, while USO is Oil & Gas. PBOG tracks BITA Global Oil & Gas Select Index, while USO tracks Front Month Light Sweet Crude Oil. They also come from different issuers: Portfolio Building Block and USCF. Their fees differ too: 0.13% for PBOG and 0.86% for USO.
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