XLE vs. PBOG
XLE (State Street Energy Select Sector SPDR ETF) and PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) are both Energy Equities funds - XLE tracks the Energy Select Sector Index while PBOG tracks the BITA Global Oil & Gas Select Index. Both are passively managed. Their correlation of 0.93 suggests significant overlap in exposure. XLE charges 0.08%/yr vs 0.13%/yr for PBOG.
Performance
XLE vs. PBOG - Performance Comparison
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Returns By Period
In the year-to-date period, XLE achieves a 29.29% return, which is significantly higher than PBOG's 24.78% return.
XLE
- 1D
- 0.92%
- 1M
- 3.74%
- 6M
- 21.42%
- YTD
- 29.29%
- 1Y
- 36.53%
- 3Y*
- 15.59%
- 5Y*
- 22.95%
- 10Y*
- 9.47%
PBOG
- 1D
- 0.16%
- 1M
- 1.84%
- 6M
- 20.36%
- YTD
- 24.78%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLE vs. PBOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XLE State Street Energy Select Sector SPDR ETF | 29.29% | 1.14% |
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 24.78% | 1.39% |
Correlation
The correlation between XLE and PBOG is 0.93, 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 25, 2025 | 0.93 |
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Return for Risk
XLE vs. PBOG — Risk / Return Rank
XLE
PBOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XLE vs. PBOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Energy Select Sector SPDR ETF (XLE) 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.
| XLE | PBOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.29 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | — | — |
| Martin ratioReturn relative to average drawdown | 6.58 | — | — |
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Drawdowns
XLE vs. PBOG - Drawdown Comparison
The maximum XLE drawdown since its inception was -71.26%, which is greater than PBOG's maximum drawdown of -19.24%. Use the drawdown chart below to compare losses from any high point for XLE and PBOG.
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Drawdown Indicators
| XLE | PBOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.26% | -19.24% | -52.02% |
Max Drawdown (1Y)Largest decline over 1 year | -14.98% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -20.14% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.04% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -66.81% | — | — |
Current DrawdownCurrent decline from peak | -8.20% | -12.05% | +3.85% |
Average DrawdownAverage peak-to-trough decline | -17.95% | -5.05% | -12.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.57% | — | — |
Volatility
XLE vs. PBOG - Volatility Comparison
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Volatility by Period
| XLE | PBOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.65% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.96% | 24.00% | -3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.87% | 24.00% | +1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.58% | 24.00% | +5.58% |
XLE vs. PBOG - Expense Ratio Comparison
XLE has a 0.08% expense ratio, which is lower than PBOG's 0.13% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XLE vs. PBOG - Dividend Comparison
XLE's dividend yield for the trailing twelve months is around 2.66%, 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% |
XLE State Street Energy Select Sector SPDR ETF | 2.66% | 3.28% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 6.72% | 3.54% | 3.03% | 2.26% | 3.39% |
Frequently Asked Questions
With a correlation of 0.93, XLE and PBOG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XLE is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLE is cheaper with a 0.08% expense ratio, compared with 0.13% for PBOG.
XLE has the higher dividend yield at 2.66%, compared with 0.14% for PBOG.
XLE tracks Energy Select Sector 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: 0.08% for XLE and 0.13% for PBOG.
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