TSES vs. PBOG

Last updated Jul 24, 2026

TSES (Truth Social American Energy Security ETF) and PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) are both Energy Equities funds - TSES tracks the Truth Social - Yorkville American Energy Security 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. TSES charges 0.65%/yr vs 0.13%/yr for PBOG.

Performance

TSES vs. PBOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Truth Social American Energy Security ETF (TSES) 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, TSES achieves a 26.80% return, which is significantly lower than PBOG's 33.73% return.

TSES

• 1D: 0.65%
• 1M: 2.87%
• 6M: 19.43%
• YTD: 26.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

PBOG

• 1D: 1.34%
• 1M: 11.14%
• 6M: 26.59%
• YTD: 33.73%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	$1.14M	$5.71M	$5.93M
TSES Truth Social American Energy Security ETF	$25.73K	$48.78K	$86.52K

TSES vs. PBOG - Yearly Performance Comparison

	2026 (YTD)	2025
TSES Truth Social American Energy Security ETF	26.80%	-0.71%
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	33.73%	0.52%

Correlation

The correlation between TSES 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 Dec 30, 2025	0.61

Return for Risk

TSES vs. PBOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Truth Social American Energy Security ETF (TSES) 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.

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

Drawdowns

TSES vs. PBOG - Drawdown Comparison

The maximum TSES drawdown since its inception was -6.25%, smaller than the maximum PBOG drawdown of -19.24%. Use the drawdown chart below to compare losses from any high point for TSES and PBOG.

Drawdown Indicators

	TSES	PBOG	Difference
Max Drawdown Largest peak-to-trough decline	-6.25%	-19.24%	+12.99%
Current Drawdown Current decline from peak	-1.55%	-5.75%	+4.20%
Average Drawdown Average peak-to-trough decline	-1.98%	-5.15%	+3.17%

Volatility

Volatility by Period

	TSES	PBOG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.28%	23.93%	-8.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.28%	23.93%	-8.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.28%	23.93%	-8.65%

TSES vs. PBOG - Expense Ratio Comparison

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

Dividends

TSES vs. PBOG - Dividend Comparison

TSES's dividend yield for the trailing twelve months is around 0.83%, more than PBOG's 0.13% yield.

Position	TTM	2025
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	0.13%	0.17%
TSES Truth Social American Energy Security ETF	0.83%	0.00%

Frequently Asked Questions

Can I hold both TSES and PBOG in my portfolio?

TSES 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.

Which ETF is better, TSES 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, TSES or PBOG?

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

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

TSES has the higher dividend yield at 0.83%, compared with 0.13% for PBOG.

What is the main difference between TSES and PBOG?

TSES tracks Truth Social - Yorkville American Energy Security Index, while PBOG tracks BITA Global Oil & Gas Select Index. They also come from different issuers: Truth Social Funds and Portfolio Building Blocks. Their fees differ too: 0.65% for TSES and 0.13% for PBOG.