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PBOG vs XOP

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

PBOGBNasdaq

State Street SPDR S&P Oil & Gas Exploration & Production ETF

XOPANYSE Arca

Overlap

Expense ratio

PBOG −0.22pt a year

PBOG0.13%XOP0.35%

Avg volume · 30D

XOP 40.6×the volume

PBOG73.2KXOP2.97M

PBOG vs XOP Performance

Dec 31, 2025 – Oct 30, 2026

+56.3%PBOG+63.5%XOP

Dec 31, 2025 to Oct 30, 2026. PBOG +56.3%. XOP +63.5%. Use the arrow keys to read each point.0%10%20%30%40%Dec 2025Jun 2026Oct 2026
Expense ratio
PBOG 0.13%, better
XOP 0.35%
Fund size
PBOG $520M
XOP $4.56B
1Y total return
PBOG No data
XOP +63.9%
Yield (12M)
PBOG No data
XOP 1.53%
Holdings
PBOG 38
XOP 54
Avg volume (30D)
PBOG 73.2K sh
XOP 2.97M sh, better
NAV per share
PBOG $38.72
XOP $199.51
52W range

ETF.net Grade

PBOG: Cost 94, Risk 50, Mission not scored, Tradability 33, Holdings 22, Durability 23. XOP: Cost 79, Risk 30, Mission not scored, Tradability 93, Holdings 90, Durability 83.
Pillar letters and Scores for PBOG, XOP, with each pillar’s weight
PillarPBOGXOP
Cost30% weightA94HigherA79
Mission25% weightNot scoredNot scored
Risk15% weightC50HigherD30
Tradability15% weightD33A93Higher
Holdings10% weightF22A90Higher
Durability5% weightF23A83Higher

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 XOP 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 ›

XOP ranks 1st and PBOG 5th of 10 funds in the Oil & Gas Producers Category.

  1. Rank 1AXOPState Street SPDR S&P Oil & Gas Exploration & Production ETFScore 73
  2. Rank 2BFTXNFirst Trust Nasdaq Oil & Gas ETFScore 60
  3. Rank 4BIEOiShares U.S. Oil & Gas Exploration & Production ETFScore 59
  4. Rank 5BPBOGPortfolio Building Block Integrated Oil and Gas and Exploration and Production Index ETFScore 58
  5. Rank 6CTPYPTortoise North American Pipeline ETFScore 51

Our read on each fund

ETF.net Research

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

XOPAState Street SPDR S&P Oil & Gas Exploration & Production 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.

XOP Most oil funds lean hard on a couple of supermajors. XOP goes the other way: a modified equal-weighted basket of roughly 50 drillers, refiners and producers, reset every quarter, so a small-cap operator can count about as much as a giant. Running since 2006.

Stated mandate

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

XOP The fund seeks, before fees and expenses, to track the total return performance of the S&P Oil & Gas Exploration & Production Select Industry 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
  • XOP Modified equal weighting, reset quarterly, means no single supermajor dominates and large, mid and small-cap names sit side by side.ssga.comspglobal.com
  • A 0.35% expense ratio, below the typical charge among oil and gas E&P peers.
  • Actively traded, and one of the smoother tickers to get into and out of in the energy aisle.
  • Wider net than the name suggests: the index also reaches integrated oil and gas plus refining and marketing companies, not just pure explorers.ssga.com

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.
  • XOP Equal weighting lifts smaller drillers in the mix, so swings in both directions tend to run sharper than in cap-weighted energy funds.ssga.com
  • One industry, one commodity complex: this rides crude and natural gas, with about 50 holdings and no ballast from outside the patch.
  • Cheaper shelfmates exist. Peer PBOG lists a 0.13% expense ratio, though it tracks a different index and a different mix of names.

Full PBOG profile⁠

Full XOP profile⁠

PBOG vs XOP 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 XOP Cost

Overpaying XOP vs PBOG

$4,400

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

  • PBOG 0.13%

    $2,726

  • XOP 0.35%

    $7,126

$10,000
30 years

Cost over time

  • PBOG 0.13%
  • XOP 0.35%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530XOP $7,126PBOG $2,726

Year by year

YearPBOGXOPOverpaying
10$238$634$396
20$930$2,454$1,524
30$2,726$7,126$4,400

Expense ratio

  • 0.13%PBOG, cheaper
  • 0.35%XOP
  • Middle half of Oil & Gas Producers funds
  • Median 0.39%

PBOG cheapest of 10 funds

XOP 2nd cheapest of 10 funds

PBOG vs XOP Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
PBOG No data
XOP 1.53%
Payout (12M)
PBOG No data
XOP $3.12
Last payment
PBOG $0.04
XOP $0.76
Ex-dividend
PBOG Dec 24, 2025
XOP Sep 21, 2026
Paid on
PBOG Dec 26, 2025
XOP Sep 23, 2026
Frequency
PBOG Irregular
XOP 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$12017202020232026YTD
XOPQuarterly · 39 paymentsAll XOP payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.30; Jun 16, 2017 $0.30; Sep 15, 2017 $0.28; Dec 15, 2017 $0.26; Mar 16, 2018 $0.26; Jun 15, 2018 $0.28; Sep 21, 2018 $0.24; Dec 21, 2018 $0.26; Mar 15, 2019 $0.29; Jun 21, 2019 $0.37; Sep 20, 2019 $0.33; Dec 20, 2019 $0.40; Mar 23, 2020 $0.38; Jun 22, 2020 $0.31; Sep 21, 2020 $0.38; Dec 21, 2020 $0.30; Mar 22, 2021 $0.36; Jun 21, 2021 $0.35; Sep 20, 2021 $0.35; Dec 20, 2021 $0.49; Mar 21, 2022 $0.48; Jun 21, 2022 $0.77; Sep 19, 2022 $1.15; Dec 19, 2022 $0.95; Mar 20, 2023 $0.95; Jun 20, 2023 $0.83; Sep 18, 2023 $0.77; Dec 18, 2023 $1.04; Mar 18, 2024 $0.76; Jun 24, 2024 $0.78; Sep 23, 2024 $0.90; Dec 23, 2024 $0.81; Mar 24, 2025 $0.76; Jun 23, 2025 $0.75; Sep 22, 2025 $0.88; Dec 22, 2025 $0.91; Mar 23, 2026 $0.71; Jun 22, 2026 $0.75; Sep 21, 2026 $0.76. Use the arrow keys to read each point.$0$12017202020232026YTD

PBOG vs XOP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PBOG No dataXOP 26.0%
Return per unit of riskSharpe ratio, 3 years
PBOG No dataXOP 0.48
Worst fallMax drawdown, 5 years
PBOG No dataXOP −35.0%
Market sensitivityBeta, 5 years
PBOG −1.00XOP −0.12

PBOG and XOP in the news

All news⁠

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