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PBOG vs TPYP

Portfolio Building Block Integrated Oil and Gas and Exploration and Production Index ETF

PBOGBNasdaq

Tortoise North American Pipeline ETF

TPYPCNYSE

Overlap

Expense ratio

PBOG −0.27pt a year

PBOG0.13%TPYP0.40%

Avg volume · 30D

PBOG 1.6×the volume

PBOG73.2KTPYP46.8K

PBOG vs TPYP Performance

Dec 31, 2025 – Oct 30, 2026

+56.3%PBOG+28.2%TPYP

Dec 31, 2025 to Oct 30, 2026. PBOG +56.3%. TPYP +28.2%. Use the arrow keys to read each point.0%10%20%40%Dec 2025Jun 2026Oct 2026
Expense ratio
PBOG 0.13%, better
TPYP 0.40%
Fund size
PBOG $520M
TPYP $926M
1Y total return
PBOG No data
TPYP +33.1%
Yield (12M)
PBOG No data
TPYP 3.10%
Holdings
PBOG 38
TPYP 45
Avg volume (30D)
PBOG 73.2K sh, better
TPYP 46.8K sh
NAV per share
PBOG $38.72
TPYP $44.23
52W range

ETF.net Grade

PBOG: Cost 94, Risk 50, Mission not scored, Tradability 33, Holdings 22, Durability 23. TPYP: Cost 45, Risk 81, Mission 49, Tradability 32, Holdings 63, Durability 58.
Pillar letters and Scores for PBOG, TPYP, with each pillar’s weight
PillarPBOGTPYP
Cost30% weightA94HigherC45
Mission25% weightNot scoredC49
Risk15% weightC50A81Higher
Tradability15% weightD33HigherD32
Holdings10% weightF22B63Higher
Durability5% weightF23B58Higher

Rank among Oil & Gas Producers funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. PBOG and TPYP are both graded against the same 10 Oil & Gas Producers funds, so their Grades compare head to head.

Oil & Gas Producers⁠

Category · 10 funds
See all 10 ›

PBOG ranks 5th and TPYP 6th of 10 funds in the Oil & Gas Producers Category.

  1. Rank 4BIEOiShares U.S. Oil & Gas Exploration & Production ETFScore 59
  2. Rank 5BPBOGPortfolio Building Block Integrated Oil and Gas and Exploration and Production Index ETFScore 58
  3. Rank 6CTPYPTortoise North American Pipeline ETFScore 51
  4. Rank 7CIEZiShares U.S. Oil Equipment & Services ETFScore 44

Our read on each fund

ETF.net Research

PBOGBPortfolio Building Block Integrated Oil and Gas and Exploration and Production Index ETF

TPYPCTortoise North American Pipeline ETF

In short

PBOG Oil majors and the wildcatters in one ticker for 0.13% a year. A late-2025 launch from a lineup designed as portfolio slices, and the cheapest door into this corner of energy among its peers.

TPYP Most energy ETFs chase drilling. TPYP buys the plumbing: roughly 60 US and Canadian pipeline and midstream companies, tracked through a Tortoise index, in a plain 1940 Act fund that sends a 1099 instead of a partnership K-1.

Stated mandate

PBOG The Fund is an actively managed exchange-traded fund that seeks capital appreciation.

TPYP The Fund seeks to track, before fees and expenses, the price and total-return performance of the Tortoise North American Pipeline Index.

Why people hold it

  • PBOG Charges 0.13% a year against a 0.37% median for its oil and gas peer group. The other top-ranked funds in that group (XOP, OIH, IXC, IEO) all charge 0.35% or more.
  • Covers both sides of the barrel: integrated majors plus exploration and production names. XOP and IEO stay on the E&P side; OIH holds the service companies.
  • Pulled in hundreds of millions of dollars within months of launch, one of three Portfolio Building Block ETFs Nasdaq began listing in November 2025.nasdaqtrader.com
  • TPYP Owns the plumbing rather than the drill bits: roughly 60 pipeline and midstream names across the US and Canada, in one ticker.
  • Built as a 1940 Act registered fund, so shareholders get a 1099 at tax time instead of the partnership K-1 that comes with owning MLPs directly.
  • Trading since 2015 with a mid-size asset base, and it distributes on a quarterly schedule.

Worth knowing

  • PBOG Launched in November 2025, so the track record is thin and any read on its risk profile rests on a short window.
  • One sector, one commodity. When crude drops, there is nothing else in the basket to cushion it.
  • Volume is moderate rather than deep, so spreads can widen around the open and close. Limit orders earn their keep.
  • TPYP The 0.40% fee sits a shade above the typical fund in its energy cohort and well above the cheapest name there, PBOG at 0.13%.
  • The benchmark is Tortoise's own North American Pipeline Index, so the fund and the rulebook it follows come from the same house.
  • One sector, two countries: energy infrastructure in the US and Canada, with Canadian holdings adding currency exposure.

Full PBOG profile⁠

Full TPYP profile⁠

PBOG vs TPYP Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

PBOG vs TPYP Cost

Overpaying TPYP vs PBOG

$5,364

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PBOG 0.13%

    $2,726

  • TPYP 0.40%

    $8,090

$10,000
30 years

Cost over time

  • PBOG 0.13%
  • TPYP 0.40%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530TPYP $8,090PBOG $2,726

Year by year

YearPBOGTPYPOverpaying
10$238$723$485
20$930$2,793$1,863
30$2,726$8,090$5,364

Expense ratio

  • 0.13%PBOG, cheaper
  • 0.40%TPYP
  • Middle half of Oil & Gas Producers funds
  • Median 0.39%

PBOG cheapest of 10 funds

TPYP 6th cheapest of 10 funds

PBOG vs TPYP Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
PBOG No data
TPYP 3.10%
Payout (12M)
PBOG No data
TPYP $1.37
Last payment
PBOG $0.04
TPYP $0.34
Ex-dividend
PBOG Dec 24, 2025
TPYP Sep 24, 2026
Paid on
PBOG Dec 26, 2025
TPYP Sep 25, 2026
Frequency
PBOG Irregular
TPYP Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

PBOGIrregular · 1 paymentAll PBOG payments⁠
One bar per payment. 1 payment from 2017 to 2026 YTD. Dec 24, 2025 $0.04. Use the arrow keys to read each point.$0$0.252017202020232026YTD
TPYPQuarterly · 39 paymentsAll TPYP payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 28, 2017 $0.21; Jun 20, 2017 $0.22; Sep 20, 2017 $0.27; Dec 28, 2017 $0.17; Mar 21, 2018 $0.25; Jun 20, 2018 $0.23; Sep 26, 2018 $0.27; Dec 28, 2018 $0.16; Mar 20, 2019 $0.26; Jun 26, 2019 $0.28; Sep 25, 2019 $0.28; Dec 30, 2019 $0.22; Mar 25, 2020 $0.31; Jun 24, 2020 $0.24; Sep 23, 2020 $0.27; Dec 30, 2020 $0.24; Mar 24, 2021 $0.25; Jun 23, 2021 $0.27; Sep 22, 2021 $0.29; Dec 30, 2021 $0.27; Mar 23, 2022 $0.28; Jun 22, 2022 $0.27; Sep 21, 2022 $0.29; Dec 29, 2022 $0.27; Mar 22, 2023 $0.32; Jun 21, 2023 $0.33; Sep 20, 2023 $0.31; Dec 28, 2023 $0.30; Mar 20, 2024 $0.33; Jun 27, 2024 $0.33; Sep 26, 2024 $0.34; Dec 31, 2024 $0.35; Mar 27, 2025 $0.36; Jun 26, 2025 $0.35; Sep 25, 2025 $0.35; Dec 31, 2025 $0.34; Mar 26, 2026 $0.34; Jun 25, 2026 $0.35; Sep 24, 2026 $0.34. Use the arrow keys to read each point.$0$0.252017202020232026YTD

PBOG vs TPYP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PBOG No dataTPYP 15.6%
Return per unit of riskSharpe ratio, 3 years
PBOG No dataTPYP 1.32
Worst fallMax drawdown, 5 years
PBOG No dataTPYP −17.9%
Market sensitivityBeta, 5 years
PBOG −1.00TPYP 0.28

PBOG and TPYP in the news

All news⁠

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