XLEI vs. PBOG

Last updated Jul 17, 2026

XLEI (State Street Energy Select Sector SPDR Premium Income ETF) and PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) are both Energy Equities funds - XLEI tracks the S&P Energy Select Sector while PBOG tracks the BITA Global Oil & Gas Select Index. Both are passively managed. Their correlation of 0.88 suggests significant overlap in exposure. XLEI charges 0.35%/yr vs 0.13%/yr for PBOG.

Performance

XLEI vs. PBOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Energy Select Sector SPDR Premium Income ETF (XLEI) 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, XLEI achieves a 20.04% return, which is significantly lower than PBOG's 24.78% return.

XLEI

• 1D: 0.96%
• 1M: 4.13%
• 6M: 17.19%
• YTD: 20.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PBOG

• 1D: 0.16%
• 1M: 1.84%
• 6M: 20.36%
• YTD: 24.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XLEI vs. PBOG - Yearly Performance Comparison

	2026 (YTD)	2025
XLEI State Street Energy Select Sector SPDR Premium Income ETF	20.04%	2.04%
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	24.78%	1.39%

Correlation

The correlation between XLEI and PBOG is 0.88, 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	0.88

Return for Risk

XLEI vs. PBOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Energy Select Sector SPDR Premium Income ETF (XLEI) 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

XLEI vs. PBOG - Drawdown Comparison

The maximum XLEI drawdown since its inception was -8.19%, smaller than the maximum PBOG drawdown of -19.24%. Use the drawdown chart below to compare losses from any high point for XLEI and PBOG.

Drawdown Indicators

	XLEI	PBOG	Difference
Max Drawdown Largest peak-to-trough decline	-8.19%	-19.24%	+11.05%
Current Drawdown Current decline from peak	-1.28%	-12.05%	+10.77%
Average Drawdown Average peak-to-trough decline	-1.90%	-5.05%	+3.15%

Volatility

Volatility by Period

	XLEI	PBOG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.11%	24.00%	-9.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.11%	24.00%	-9.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.11%	24.00%	-9.89%

XLEI vs. PBOG - Expense Ratio Comparison

XLEI has a 0.35% expense ratio, which is higher than PBOG's 0.13% expense ratio.

Dividends

XLEI vs. PBOG - Dividend Comparison

XLEI's dividend yield for the trailing twelve months is around 19.06%, more than PBOG's 0.14% yield.

Position	TTM	2025
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	0.14%	0.17%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	19.06%	10.17%

Frequently Asked Questions

Can I hold both XLEI and PBOG in my portfolio?

XLEI and PBOG have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XLEI 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, XLEI or PBOG?

PBOG is cheaper with a 0.13% expense ratio, compared with 0.35% for XLEI.

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

XLEI has the higher dividend yield at 19.06%, compared with 0.14% for PBOG.

What is the main difference between XLEI and PBOG?

XLEI tracks S&P Energy Select Sector, 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 XLEI and 0.13% for PBOG.