PXJ vs. PBOG
PXJ (Invesco Dynamic Oil & Gas Services ETF) and PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) are both Energy Equities funds - PXJ tracks the Dynamic Oil & Gas Services Intellidex Index while PBOG tracks the BITA Global Oil & Gas Select Index. Both are passively managed. A 0.61 correlation means they provide meaningful diversification when combined. PXJ charges 0.63%/yr vs 0.13%/yr for PBOG.
Performance
PXJ vs. PBOG - Performance Comparison
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Returns By Period
In the year-to-date period, PXJ achieves a 41.12% return, which is significantly higher than PBOG's 24.78% return.
PXJ
- 1D
- -0.73%
- 1M
- -1.90%
- 6M
- 24.87%
- YTD
- 41.12%
- 1Y
- 74.06%
- 3Y*
- 17.80%
- 5Y*
- 21.92%
- 10Y*
- -1.36%
PBOG
- 1D
- 0.16%
- 1M
- 1.84%
- 6M
- 20.36%
- YTD
- 24.78%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PXJ vs. PBOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PXJ Invesco Dynamic Oil & Gas Services ETF | 41.12% | 0.17% |
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 24.78% | 1.39% |
Correlation
The correlation between PXJ and PBOG is 0.61, 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 25, 2025 | 0.61 |
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Return for Risk
PXJ vs. PBOG — Risk / Return Rank
PXJ
PBOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PXJ vs. PBOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Oil & Gas Services ETF (PXJ) and Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF (PBOG). 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.
| PXJ | PBOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.44 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.05 | — | — |
| Martin ratioReturn relative to average drawdown | 14.18 | — | — |
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Drawdowns
PXJ vs. PBOG - Drawdown Comparison
The maximum PXJ drawdown since its inception was -94.82%, which is greater than PBOG's maximum drawdown of -19.24%. Use the drawdown chart below to compare losses from any high point for PXJ and PBOG.
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Drawdown Indicators
| PXJ | PBOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.82% | -19.24% | -75.58% |
Max Drawdown (1Y)Largest decline over 1 year | -18.39% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -40.03% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -40.03% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -87.72% | — | — |
Current DrawdownCurrent decline from peak | -67.75% | -12.05% | -55.70% |
Average DrawdownAverage peak-to-trough decline | -55.73% | -5.05% | -50.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.24% | — | — |
Volatility
PXJ vs. PBOG - Volatility Comparison
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Volatility by Period
| PXJ | PBOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.12% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 19.07% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 26.51% | 24.00% | +2.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.28% | 24.00% | +10.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.18% | 24.00% | +15.18% |
PXJ vs. PBOG - Expense Ratio Comparison
PXJ has a 0.63% expense ratio, which is higher than PBOG's 0.13% expense ratio.
Dividends
PXJ vs. PBOG - Dividend Comparison
PXJ's dividend yield for the trailing twelve months is around 2.47%, more than PBOG's 0.14% 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% |
PXJ Invesco Dynamic Oil & Gas Services ETF | 2.47% | 2.91% | 3.34% | 1.99% | 0.65% | 2.40% | 4.72% | 1.87% | 0.99% | 2.75% | 1.18% | 2.36% |
Frequently Asked Questions
PXJ and PBOG have a correlation of 0.61, 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 0.63% for PXJ.
PXJ has the higher dividend yield at 2.47%, compared with 0.14% for PBOG.
PXJ tracks Dynamic Oil & Gas Services Intellidex Index, while PBOG tracks BITA Global Oil & Gas Select Index. They also come from different issuers: Invesco and Portfolio Building Blocks. Their fees differ too: 0.63% for PXJ and 0.13% for PBOG.
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