PEO vs. BGR
PEO (Adams Natural Resources Closed Fund) is Energy Equities fund actively managed by Adams Funds, while BGR (BlackRock Energy and Resources Trust) is a stock. Over the past 10 years, PEO returned 9.43%/yr vs 7.72%/yr for BGR. Their correlation of 0.83 suggests significant overlap in exposure.
Performance
PEO vs. BGR - Performance Comparison
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Returns By Period
In the year-to-date period, PEO achieves a 17.61% return, which is significantly higher than BGR's 13.00% return. Over the past 10 years, PEO has outperformed BGR with an annualized return of 9.43%, while BGR has yielded a comparatively lower 7.72% annualized return.
PEO
- 1D
- 0.33%
- 1M
- -7.04%
- YTD
- 17.61%
- 6M
- 18.87%
- 1Y
- 20.97%
- 3Y*
- 17.34%
- 5Y*
- 17.08%
- 10Y*
- 9.43%
BGR
- 1D
- 0.82%
- 1M
- -9.45%
- YTD
- 13.00%
- 6M
- 14.01%
- 1Y
- 18.00%
- 3Y*
- 16.31%
- 5Y*
- 15.45%
- 10Y*
- 7.72%
PEO vs. BGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEO Adams Natural Resources Closed Fund | 17.61% | 9.98% | 13.58% | 0.91% | 41.77% | 53.75% | -26.37% | 20.96% | -23.11% | 4.65% |
BGR BlackRock Energy and Resources Trust | 13.00% | 17.34% | 8.07% | 5.73% | 38.90% | 40.25% | -34.78% | 23.32% | -21.21% | 5.18% |
Correlation
The correlation between PEO and BGR is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 2004 | 0.83 |
The correlation between PEO and BGR shifts across timeframes, from 0.73 (1 year) to 0.86 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
PEO vs. BGR — Risk / Return Rank
PEO
BGR
PEO vs. BGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Adams Natural Resources Closed Fund (PEO) and BlackRock Energy and Resources Trust (BGR). 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.
| PEO | BGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.18 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.26 | +0.51 |
| Martin ratioReturn relative to average drawdown | 5.55 | 4.69 | +0.86 |
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Drawdowns
PEO vs. BGR - Drawdown Comparison
The maximum PEO drawdown since its inception was -71.88%, roughly equal to the maximum BGR drawdown of -72.74%. Use the drawdown chart below to compare losses from any high point for PEO and BGR.
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Drawdown Indicators
| PEO | BGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.88% | -72.74% | +0.86% |
Max Drawdown (1Y)Largest decline over 1 year | -11.93% | -14.38% | +2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -18.86% | -18.25% | -0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -24.30% | -24.81% | +0.51% |
Max Drawdown (10Y)Largest decline over 10 years | -67.74% | -66.16% | -1.58% |
Current DrawdownCurrent decline from peak | -11.65% | -13.68% | +2.03% |
Average DrawdownAverage peak-to-trough decline | -15.31% | -20.22% | +4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.81% | 3.87% | -0.06% |
Volatility
PEO vs. BGR - Volatility Comparison
The current volatility for Adams Natural Resources Closed Fund (PEO) is 5.37%, while BlackRock Energy and Resources Trust (BGR) has a volatility of 6.53%. This indicates that PEO experiences smaller price fluctuations and is considered to be less risky than BGR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PEO | BGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.37% | 6.53% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 14.75% | 17.76% | -3.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.73% | 20.08% | -2.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.37% | 22.77% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.34% | 26.88% | +0.46% |
Dividends
PEO vs. BGR - Dividend Comparison
PEO's dividend yield for the trailing twelve months is around 8.18%, more than BGR's 7.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGR BlackRock Energy and Resources Trust | 7.92% | 8.62% | 6.66% | 6.22% | 4.62% | 4.75% | 9.26% | 7.84% | 8.91% | 6.57% | 6.90% | 11.93% |
PEO Adams Natural Resources Closed Fund | 8.18% | 9.43% | 8.14% | 6.54% | 7.48% | 5.51% | 6.42% | 6.68% | 5.63% | 5.95% | 5.65% | 7.78% |
Frequently Asked Questions
PEO and BGR have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGR has higher volatility (6.53%) compared to PEO (5.37%). In terms of maximum drawdown, PEO dropped -71.88% vs BGR's -72.74%.
PEO currently has the higher Sharpe Ratio (1.19 vs 0.90), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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