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 0.94 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 21.47% return, which is significantly higher than PBOG's 17.45% return.
XLE
- 1D
- -1.63%
- 1M
- -9.30%
- YTD
- 21.47%
- 6M
- 22.40%
- 1Y
- 30.11%
- 3Y*
- 15.10%
- 5Y*
- 18.36%
- 10Y*
- 9.19%
PBOG
- 1D
- -2.39%
- 1M
- -11.89%
- YTD
- 17.45%
- 6M
- 18.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLE vs. PBOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XLE State Street Energy Select Sector SPDR ETF | 21.47% | 1.14% |
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 17.45% | 1.39% |
Correlation
The correlation between XLE and PBOG is 0.94, 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 | 0.94 |
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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 | 1.24 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | — | — |
| Martin ratioReturn relative to average drawdown | 6.33 | — | — |
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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 -17.22%. 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% | -17.22% | -54.04% |
Max Drawdown (1Y)Largest decline over 1 year | -14.05% | — | — |
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 | -13.75% | -17.22% | +3.47% |
Average DrawdownAverage peak-to-trough decline | -17.96% | -3.95% | -14.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.77% | — | — |
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 | 7.16% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.92% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.83% | 24.10% | -3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.99% | 24.10% | +1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.60% | 24.10% | +5.50% |
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 2.83%, more than PBOG's 0.15% 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 | 0.15% | 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 | 2.83% | 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 0.94, 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 2.83%, compared with 0.15% 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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