SETM vs. PBOG

Last updated Jun 4, 2026

SETM (Sprott Energy Transition Materials ETF) and PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) are both exchange-traded funds - SETM is a Energy Equities fund tracking the Nasdaq Sprott Energy Transition Materials Select Index - AUD - Benchmark TR Gross, while PBOG is a Oil & Gas fund tracking the BITA Global Oil & Gas Select Index. Both are passively managed. At a correlation of -0.02, they often move in opposite directions. SETM charges 0.65%/yr vs 0.13%/yr for PBOG.

Performance

SETM vs. PBOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Energy Transition Materials ETF (SETM) 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, SETM achieves a 27.22% return, which is significantly lower than PBOG's 32.22% return.

SETM

• 1D: -4.09%
• 1M: 2.39%
• YTD: 27.22%
• 6M: 33.66%
• 1Y: 144.21%
• 3Y*: 30.90%
• 5Y*: —
• 10Y*: —

PBOG

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

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

SETM vs. PBOG - Yearly Performance Comparison

	2026 (YTD)	2025
SETM Sprott Energy Transition Materials ETF	27.22%	11.38%
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	32.22%	1.62%

Correlation

The correlation between SETM and PBOG is -0.02, 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	-0.02

Return for Risk

SETM vs. PBOG — Risk / Return Rank

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

SETM

SETM Risk / Return Rank: 82
SETM Sharpe Ratio Rank: 91
SETM Sortino Ratio Rank: 71
SETM Omega Ratio Rank: 72
SETM Calmar Ratio Rank: 90
SETM Martin Ratio Rank: 84

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.

SETM vs. PBOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Energy Transition Materials ETF (SETM) 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.

	SETM	PBOG	Difference
Sharpe ratio Return per unit of total volatility	3.25	—	—
Sortino ratio Return per unit of downside risk	3.29	—	—
Omega ratio Gain probability vs. loss probability	1.44	—	—
Calmar ratio Return relative to maximum drawdown	5.61	—	—
Martin ratio Return relative to average drawdown	17.42	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SETM	PBOG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.25	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	3.31	-2.72

Drawdowns

SETM vs. PBOG - Drawdown Comparison

The maximum SETM drawdown since its inception was -42.81%, which is greater than PBOG's maximum drawdown of -11.45%. Use the drawdown chart below to compare losses from any high point for SETM and PBOG.

Drawdown Indicators

	SETM	PBOG	Difference
Max Drawdown Largest peak-to-trough decline	-42.81%	-11.45%	-31.36%
Max Drawdown (1Y) Largest decline over 1 year	-25.85%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-42.81%	—	—
Current Drawdown Current decline from peak	-7.30%	-6.81%	-0.49%
Average Drawdown Average peak-to-trough decline	-14.26%	-3.10%	-11.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.31%	—	—

Volatility

Volatility by Period

	SETM	PBOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.58%	—	—
Volatility (6M) Calculated over the trailing 6-month period	34.49%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	44.71%	23.67%	+21.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.57%	23.67%	+12.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.57%	23.67%	+12.90%

SETM vs. PBOG - Expense Ratio Comparison

SETM has a 0.65% expense ratio, which is higher than PBOG's 0.13% expense ratio.

Dividends

SETM vs. PBOG - Dividend Comparison

SETM's dividend yield for the trailing twelve months is around 1.23%, more than PBOG's 0.13% yield.

Position	TTM	2025	2024	2023
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	0.13%	0.17%	0.00%	0.00%
SETM Sprott Energy Transition Materials ETF	1.23%	1.56%	2.07%	2.47%

Frequently Asked Questions

Can I hold both SETM and PBOG in my portfolio?

SETM and PBOG have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SETM 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, SETM or PBOG?

PBOG is cheaper with a 0.13% expense ratio, compared with 0.65% for SETM.

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

SETM has the higher dividend yield at 1.23%, compared with 0.13% for PBOG.

What is the main difference between SETM and PBOG?

SETM is categorized as Energy Equities, while PBOG is Oil & Gas. SETM tracks Nasdaq Sprott Energy Transition Materials Select Index - AUD - Benchmark TR Gross, while PBOG tracks BITA Global Oil & Gas Select Index. They also come from different issuers: Sprott and Portfolio Building Blocks. Their fees differ too: 0.65% for SETM and 0.13% for PBOG.