PBOG vs. VOLT

Last updated Jun 4, 2026

PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) and VOLT (Tema Electrification ETF) are both exchange-traded funds - PBOG is a Oil & Gas fund tracking the BITA Global Oil & Gas Select Index, while VOLT is a Energy Equities fund actively managed by Tema. PBOG is passively managed, while VOLT is actively managed. At a correlation of -0.04, they often move in opposite directions. PBOG charges 0.13%/yr vs 0.75%/yr for VOLT.

Performance

PBOG vs. VOLT - 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 Tema Electrification ETF (VOLT). 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 VOLT's 37.23% return.

PBOG

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

VOLT

• 1D: 0.16%
• 1M: -2.25%
• YTD: 37.23%
• 6M: 34.70%
• 1Y: 65.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PBOG vs. VOLT - Yearly Performance Comparison

	2026 (YTD)	2025
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	32.22%	1.62%
VOLT Tema Electrification ETF	37.23%	-0.94%

Correlation

The correlation between PBOG and VOLT is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 26, 2025	-0.04

Return for Risk

PBOG vs. VOLT — Risk / Return Rank

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

VOLT

VOLT Risk / Return Rank: 89
VOLT Sharpe Ratio Rank: 91
VOLT Sortino Ratio Rank: 88
VOLT Omega Ratio Rank: 85
VOLT Calmar Ratio Rank: 94
VOLT Martin Ratio Rank: 89

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. VOLT - 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 Tema Electrification ETF (VOLT). 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	VOLT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.31	1.49	+1.82

Drawdowns

PBOG vs. VOLT - Drawdown Comparison

The maximum PBOG drawdown since its inception was -11.45%, smaller than the maximum VOLT drawdown of -23.40%. Use the drawdown chart below to compare losses from any high point for PBOG and VOLT.

Drawdown Indicators

	PBOG	VOLT	Difference
Max Drawdown Largest peak-to-trough decline	-11.45%	-23.40%	+11.95%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.96%	—
Current Drawdown Current decline from peak	-6.81%	-4.12%	-2.69%
Average Drawdown Average peak-to-trough decline	-3.10%	-5.17%	+2.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.21%	—

Volatility

Volatility by Period

	PBOG	VOLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.12%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.67%	20.39%	+3.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.67%	24.11%	-0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.67%	24.11%	-0.44%

PBOG vs. VOLT - Expense Ratio Comparison

PBOG has a 0.13% expense ratio, which is lower than VOLT's 0.75% expense ratio.

Dividends

PBOG vs. VOLT - Dividend Comparison

PBOG's dividend yield for the trailing twelve months is around 0.13%, less than VOLT's 0.33% yield.

Position	TTM	2025	2024
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	0.13%	0.17%	0.00%
VOLT Tema Electrification ETF	0.33%	0.46%	0.01%

Frequently Asked Questions

Can I hold both PBOG and VOLT in my portfolio?

PBOG and VOLT have a correlation of -0.04, 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 VOLT?

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 VOLT?

PBOG is cheaper with a 0.13% expense ratio, compared with 0.75% for VOLT.

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

VOLT has the higher dividend yield at 0.33%, compared with 0.13% for PBOG.

What is the main difference between PBOG and VOLT?

PBOG is categorized as Oil & Gas, while VOLT is Energy Equities. They also come from different issuers: Portfolio Building Blocks and Tema. Their fees differ too: 0.13% for PBOG and 0.75% for VOLT.