XES vs. PBOG
XES (SPDR S&P Oil & Gas Equipment & Services ETF) and PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) are both Energy Equities funds - XES tracks the S&P Oil & Gas Equipment & Services Select Industry Index while PBOG tracks the BITA Global Oil & Gas Select Index. Both are passively managed. A 0.62 correlation means they provide meaningful diversification when combined. XES charges 0.35%/yr vs 0.13%/yr for PBOG.
Performance
XES vs. PBOG - Performance Comparison
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Returns By Period
In the year-to-date period, XES achieves a 39.22% return, which is significantly higher than PBOG's 20.33% return.
XES
- 1D
- -1.07%
- 1M
- -12.19%
- YTD
- 39.22%
- 6M
- 40.00%
- 1Y
- 79.49%
- 3Y*
- 17.82%
- 5Y*
- 12.58%
- 10Y*
- -3.65%
PBOG
- 1D
- 0.25%
- 1M
- -9.73%
- YTD
- 20.33%
- 6M
- 21.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XES vs. PBOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XES SPDR S&P Oil & Gas Equipment & Services ETF | 39.22% | 4.52% |
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 20.33% | 1.39% |
Correlation
The correlation between XES and PBOG is 0.62, 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 | 0.62 |
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Return for Risk
XES vs. PBOG — Risk / Return Rank
XES
PBOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XES vs. PBOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Oil & Gas Equipment & Services ETF (XES) 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.
| XES | PBOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.40 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.32 | — | — |
| Martin ratioReturn relative to average drawdown | 18.76 | — | — |
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Drawdowns
XES vs. PBOG - Drawdown Comparison
The maximum XES drawdown since its inception was -95.65%, which is greater than PBOG's maximum drawdown of -16.46%. Use the drawdown chart below to compare losses from any high point for XES and PBOG.
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Drawdown Indicators
| XES | PBOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.65% | -16.46% | -79.19% |
Max Drawdown (1Y)Largest decline over 1 year | -15.03% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -45.95% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -45.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -91.23% | — | — |
Current DrawdownCurrent decline from peak | -73.11% | -15.19% | -57.92% |
Average DrawdownAverage peak-to-trough decline | -54.40% | -3.86% | -50.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.25% | — | — |
Volatility
XES vs. PBOG - Volatility Comparison
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Volatility by Period
| XES | PBOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.30% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 20.80% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 31.19% | 23.95% | +7.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.02% | 23.95% | +15.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.96% | 23.95% | +21.01% |
XES vs. PBOG - Expense Ratio Comparison
XES has a 0.35% expense ratio, which is higher than PBOG's 0.13% expense ratio.
Dividends
XES vs. PBOG - Dividend Comparison
XES's dividend yield for the trailing twelve months is around 1.15%, more than PBOG's 0.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 0.14% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XES SPDR S&P Oil & Gas Equipment & Services ETF | 1.15% | 1.69% | 1.31% | 0.66% | 0.36% | 1.81% | 1.33% | 1.43% | 1.14% | 1.68% | 0.64% | 2.47% |
Frequently Asked Questions
XES and PBOG have a correlation of 0.62, 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 0.35% for XES.
XES has the higher dividend yield at 1.15%, compared with 0.14% for PBOG.
XES tracks S&P Oil & Gas Equipment & Services Select Industry Index, while PBOG tracks BITA Global Oil & Gas Select Index. They also come from different issuers: State Street and Portfolio Building Blocks. Their fees differ too: 0.35% for XES and 0.13% for PBOG.
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