TNGY vs. PBOG
TNGY (Tortoise Energy Fund) and PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) are both Energy Equities funds. TNGY is actively managed, while PBOG is passively managed. A 0.73 correlation means they provide meaningful diversification when combined. TNGY charges 0.85%/yr vs 0.13%/yr for PBOG.
Performance
TNGY vs. PBOG - Performance Comparison
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Returns By Period
In the year-to-date period, TNGY achieves a 9.61% return, which is significantly lower than PBOG's 17.45% return.
TNGY
- 1D
- -1.11%
- 1M
- -6.49%
- YTD
- 9.61%
- 6M
- 10.43%
- 1Y
- 11.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PBOG
- 1D
- -2.39%
- 1M
- -11.89%
- YTD
- 17.45%
- 6M
- 18.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TNGY vs. PBOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TNGY Tortoise Energy Fund | 9.61% | -0.46% |
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 17.45% | 1.39% |
Correlation
The correlation between TNGY and PBOG 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 (All Time) Calculated using the full available price history since Nov 25, 2025 | 0.73 |
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Return for Risk
TNGY vs. PBOG — Risk / Return Rank
TNGY
PBOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TNGY vs. PBOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise Energy Fund (TNGY) 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.
| TNGY | PBOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.13 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | — | — |
| Martin ratioReturn relative to average drawdown | 3.37 | — | — |
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Drawdowns
TNGY vs. PBOG - Drawdown Comparison
The maximum TNGY drawdown since its inception was -9.79%, smaller than the maximum PBOG drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for TNGY and PBOG.
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Drawdown Indicators
| TNGY | PBOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.79% | -17.22% | +7.43% |
Max Drawdown (1Y)Largest decline over 1 year | -9.79% | — | — |
Current DrawdownCurrent decline from peak | -8.58% | -17.22% | +8.64% |
Average DrawdownAverage peak-to-trough decline | -3.60% | -3.95% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | — | — |
Volatility
TNGY vs. PBOG - Volatility Comparison
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Volatility by Period
| TNGY | PBOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.38% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.83% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.05% | 24.10% | -8.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.45% | 24.10% | -7.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.45% | 24.10% | -7.65% |
TNGY vs. PBOG - Expense Ratio Comparison
TNGY has a 0.85% expense ratio, which is higher than PBOG's 0.13% expense ratio.
Dividends
TNGY vs. PBOG - Dividend Comparison
TNGY's dividend yield for the trailing twelve months is around 3.59%, more than PBOG's 0.15% yield.
| Position | TTM | 2025 |
|---|---|---|
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 0.15% | 0.17% |
TNGY Tortoise Energy Fund | 3.59% | 2.59% |
Frequently Asked Questions
TNGY and PBOG 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.
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 0.85% for TNGY.
TNGY has the higher dividend yield at 3.59%, compared with 0.15% for PBOG.
They also come from different issuers: Tortoise Capital and Portfolio Building Blocks. Their fees differ too: 0.85% for TNGY and 0.13% for PBOG.
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