PBOG vs. XLE
PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) and XLE (State Street Energy Select Sector SPDR ETF) are both Energy Equities funds - PBOG tracks the BITA Global Oil & Gas Select Index while XLE tracks the Energy Select Sector Index. Both are passively managed. Their correlation of 0.93 suggests significant overlap in exposure. PBOG charges 0.13%/yr vs 0.08%/yr for XLE.
Performance
PBOG vs. XLE - Performance Comparison
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Returns By Period
In the year-to-date period, PBOG achieves a 20.33% return, which is significantly lower than XLE's 23.49% return.
PBOG
- 1D
- 0.25%
- 1M
- -9.73%
- YTD
- 20.33%
- 6M
- 21.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLE
- 1D
- 0.74%
- 1M
- -7.80%
- YTD
- 23.49%
- 6M
- 24.07%
- 1Y
- 30.55%
- 3Y*
- 15.73%
- 5Y*
- 18.87%
- 10Y*
- 9.37%
PBOG vs. XLE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 20.33% | 1.39% |
XLE State Street Energy Select Sector SPDR ETF | 23.49% | 1.14% |
Correlation
The correlation between PBOG and XLE is 0.93, 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 | 0.93 |
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Return for Risk
PBOG vs. XLE — Risk / Return Rank
PBOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XLE
PBOG vs. XLE - 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 State Street Energy Select Sector SPDR ETF (XLE). 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 | XLE | 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 | — | 2.18 | — |
| Martin ratioReturn relative to average drawdown | — | 6.53 | — |
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Drawdowns
PBOG vs. XLE - Drawdown Comparison
The maximum PBOG drawdown since its inception was -16.46%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for PBOG and XLE.
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Drawdown Indicators
| PBOG | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.46% | -71.26% | +54.80% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.05% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.14% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.04% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.81% | — |
Current DrawdownCurrent decline from peak | -15.19% | -12.32% | -2.87% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -17.96% | +14.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.69% | — |
Volatility
PBOG vs. XLE - Volatility Comparison
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Volatility by Period
| PBOG | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.12% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.82% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.95% | 20.93% | +3.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.95% | 25.98% | -2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.95% | 29.60% | -5.65% |
PBOG vs. XLE - Expense Ratio Comparison
PBOG has a 0.13% expense ratio, which is higher than XLE's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
PBOG vs. XLE - Dividend Comparison
PBOG's dividend yield for the trailing twelve months is around 0.14%, less than XLE's 2.79% 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 | 0.14% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLE State Street Energy Select Sector SPDR ETF | 2.79% | 3.28% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 6.72% | 3.54% | 3.03% | 2.26% | 3.39% |
Frequently Asked Questions
With a correlation of 0.93, PBOG and XLE 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.
On fees, XLE is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLE is cheaper with a 0.08% expense ratio, compared with 0.13% for PBOG.
XLE has the higher dividend yield at 2.79%, compared with 0.14% for PBOG.
PBOG tracks BITA Global Oil & Gas Select Index, while XLE tracks Energy Select Sector Index. They also come from different issuers: Portfolio Building Blocks and State Street. Their fees differ too: 0.13% for PBOG and 0.08% for XLE.
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