WEEI vs. PBOG

Last updated Jun 3, 2026

WEEI (Westwood Salient Enhanced Energy Income ETF) and PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) are both exchange-traded funds - WEEI is a Energy Equities fund actively managed by Westwood, while PBOG is a Oil & Gas fund tracking the BITA Global Oil & Gas Select Index. WEEI is actively managed, while PBOG is passively managed. Their correlation of 0.87 suggests significant overlap in exposure. WEEI charges 0.85%/yr vs 0.13%/yr for PBOG.

Performance

WEEI vs. PBOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Westwood Salient Enhanced Energy Income ETF (WEEI) 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, WEEI achieves a 18.06% return, which is significantly lower than PBOG's 30.62% return.

WEEI

• 1D: 1.14%
• 1M: 0.38%
• YTD: 18.06%
• 6M: 19.01%
• 1Y: 34.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PBOG

• 1D: 1.26%
• 1M: -2.69%
• YTD: 30.62%
• 6M: 30.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WEEI vs. PBOG - Yearly Performance Comparison

	2026 (YTD)	2025
WEEI Westwood Salient Enhanced Energy Income ETF	18.06%	2.41%
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	30.62%	1.62%

Correlation

The correlation between WEEI and PBOG is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 26, 2025	0.87

Return for Risk

WEEI vs. PBOG — Risk / Return Rank

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

WEEI

WEEI Risk / Return Rank: 75
WEEI Sharpe Ratio Rank: 74
WEEI Sortino Ratio Rank: 68
WEEI Omega Ratio Rank: 69
WEEI Calmar Ratio Rank: 85
WEEI Martin Ratio Rank: 77

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.

WEEI vs. PBOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Westwood Salient Enhanced Energy Income ETF (WEEI) 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.

	WEEI	PBOG	Difference
Sharpe ratio Return per unit of total volatility	2.48	—	—
Sortino ratio Return per unit of downside risk	3.17	—	—
Omega ratio Gain probability vs. loss probability	1.42	—	—
Calmar ratio Return relative to maximum drawdown	4.72	—	—
Martin ratio Return relative to average drawdown	15.10	—	—
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

	WEEI	PBOG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	3.16	-2.48

Drawdowns

WEEI vs. PBOG - Drawdown Comparison

The maximum WEEI drawdown since its inception was -18.78%, which is greater than PBOG's maximum drawdown of -11.45%. Use the drawdown chart below to compare losses from any high point for WEEI and PBOG.

Drawdown Indicators

	WEEI	PBOG	Difference
Max Drawdown Largest peak-to-trough decline	-18.78%	-11.45%	-7.33%
Max Drawdown (1Y) Largest decline over 1 year	-7.67%	—	—
Current Drawdown Current decline from peak	-3.40%	-7.94%	+4.54%
Average Drawdown Average peak-to-trough decline	-4.17%	-3.07%	-1.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.40%	—	—

Volatility

Volatility by Period

	WEEI	PBOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.20%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.74%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.01%	23.72%	-9.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.31%	23.72%	-5.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.31%	23.72%	-5.41%

WEEI vs. PBOG - Expense Ratio Comparison

WEEI has a 0.85% expense ratio, which is higher than PBOG's 0.13% expense ratio.

Dividends

WEEI vs. PBOG - Dividend Comparison

WEEI's dividend yield for the trailing twelve months is around 11.30%, more than PBOG's 0.13% yield.

Position	TTM	2025	2024
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	0.13%	0.17%	0.00%
WEEI Westwood Salient Enhanced Energy Income ETF	11.30%	12.59%	7.20%

Frequently Asked Questions

Can I hold both WEEI and PBOG in my portfolio?

WEEI and PBOG have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WEEI 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, WEEI or PBOG?

PBOG is cheaper with a 0.13% expense ratio, compared with 0.85% for WEEI.

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

WEEI has the higher dividend yield at 11.30%, compared with 0.13% for PBOG.

What is the main difference between WEEI and PBOG?

WEEI is categorized as Energy Equities, while PBOG is Oil & Gas. They also come from different issuers: Westwood and Portfolio Building Blocks. Their fees differ too: 0.85% for WEEI and 0.13% for PBOG.