RNWZ vs. PBOG

Last updated Jun 24, 2026

RNWZ (TrueShares Eagle Global Renewable Energy Income ETF) and PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) are both Energy Equities funds. RNWZ is actively managed, while PBOG is passively managed. At a 0.10 correlation, their price movements are largely independent. RNWZ charges 0.75%/yr vs 0.13%/yr for PBOG.

Performance

RNWZ vs. PBOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) and Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF (PBOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RNWZ achieves a 13.62% return, which is significantly lower than PBOG's 20.33% return.

RNWZ

• 1D: -0.37%
• 1M: -2.92%
• YTD: 13.62%
• 6M: 14.12%
• 1Y: 31.84%
• 3Y*: 11.64%
• 5Y*: —
• 10Y*: —

PBOG

• 1D: 0.25%
• 1M: -9.73%
• YTD: 20.33%
• 6M: 21.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RNWZ vs. PBOG - Yearly Performance Comparison

	2026 (YTD)	2025
RNWZ TrueShares Eagle Global Renewable Energy Income ETF	13.62%	1.88%
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	20.33%	1.39%

Correlation

The correlation between RNWZ and PBOG is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025	0.10

Return for Risk

RNWZ vs. PBOG — Risk / Return Rank

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

RNWZ

RNWZ Risk / Return Rank: 71
RNWZ Sharpe Ratio Rank: 70
RNWZ Sortino Ratio Rank: 68
RNWZ Omega Ratio Rank: 67
RNWZ Calmar Ratio Rank: 85
RNWZ Martin Ratio Rank: 67

PBOG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

RNWZ vs. PBOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) 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.

	RNWZ	PBOG	Difference
Sharpe ratio: Return per unit of total volatility	2.10	—	—
Sortino ratio: Return per unit of downside risk	2.86	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	4.34	—	—
Martin ratio: Return relative to average drawdown	11.33	—	—

Drawdowns

RNWZ vs. PBOG - Drawdown Comparison

The maximum RNWZ drawdown since its inception was -24.90%, which is greater than PBOG's maximum drawdown of -16.46%. Use the drawdown chart below to compare losses from any high point for RNWZ and PBOG.

Drawdown Indicators

	RNWZ	PBOG	Difference
Max Drawdown Largest peak-to-trough decline	-24.90%	-16.46%	-8.44%
Max Drawdown (1Y) Largest decline over 1 year	-7.36%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-24.74%	—	—
Current Drawdown Current decline from peak	-6.64%	-15.19%	+8.55%
Average Drawdown Average peak-to-trough decline	-7.16%	-3.86%	-3.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	—	—

Volatility

Volatility by Period

	RNWZ	PBOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.99%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.30%	23.95%	-8.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.95%	23.95%	-7.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.95%	23.95%	-7.00%

RNWZ vs. PBOG - Expense Ratio Comparison

RNWZ has a 0.75% expense ratio, which is higher than PBOG's 0.13% expense ratio.

Dividends

RNWZ vs. PBOG - Dividend Comparison

RNWZ's dividend yield for the trailing twelve months is around 1.97%, more than PBOG's 0.14% yield.

Position	TTM	2025	2024	2023	2022
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	0.14%	0.17%	0.00%	0.00%	0.00%
RNWZ TrueShares Eagle Global Renewable Energy Income ETF	1.97%	2.12%	2.36%	3.87%	0.01%

Frequently Asked Questions

Can I hold both RNWZ and PBOG in my portfolio?

RNWZ and PBOG have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RNWZ or PBOG?

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, RNWZ or PBOG?

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

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

RNWZ has the higher dividend yield at 1.97%, compared with 0.14% for PBOG.

What is the main difference between RNWZ and PBOG?

They also come from different issuers: TrueShares and Portfolio Building Blocks. Their fees differ too: 0.75% for RNWZ and 0.13% for PBOG.