AMND vs. PXJ

Last updated Jun 4, 2026

AMND (ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050) and PXJ (Invesco Dynamic Oil & Gas Services ETF) are both Energy Equities funds - AMND tracks the Alerian Midstream Energy Dividend Index while PXJ tracks the Dynamic Oil & Gas Services Intellidex Index. Both are passively managed. A 0.64 correlation means they provide meaningful diversification when combined. AMND charges 0.75%/yr vs 0.63%/yr for PXJ.

Performance

AMND vs. PXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND) and Invesco Dynamic Oil & Gas Services ETF (PXJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AMND

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PXJ

• 1D: -0.58%
• 1M: -6.26%
• YTD: 46.18%
• 6M: 38.54%
• 1Y: 82.76%
• 3Y*: 24.79%
• 5Y*: 17.27%
• 10Y*: -0.80%

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

AMND vs. PXJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050	0.00%	0.00%	40.42%	13.60%	21.27%	34.91%	10.45%
PXJ Invesco Dynamic Oil & Gas Services ETF	46.18%	8.74%	0.21%	14.44%	62.25%	11.28%	22.59%

Correlation

The correlation between AMND and PXJ is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jul 17, 2020	0.64

The correlation between AMND and PXJ shifts across timeframes, from 0.39 (3 years) to 0.64 (all time), reflecting how their relationship changes across market environments.

AMND vs. PXJ - Sectors Allocation Comparison

Sectors	AMND	PXJ
Basic Materials	0.0%	-
Communication Services	0.0%	-
Consumer Cyclical	0.0%	-
Consumer Defensive	0.0%	-
Energy	0.0%	92.6%
Financial Services	0.0%	0.1%
Healthcare	0.0%	-
Industrials	0.0%	5.2%
Real Estate	0.0%	-
Technology	0.0%	-
Utilities	0.0%	2.1%

Return for Risk

AMND vs. PXJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PXJ

PXJ Risk / Return Rank: 89
PXJ Sharpe Ratio Rank: 90
PXJ Sortino Ratio Rank: 86
PXJ Omega Ratio Rank: 80
PXJ Calmar Ratio Rank: 95
PXJ Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMND vs. PXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND) and Invesco Dynamic Oil & Gas Services ETF (PXJ). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AMND	PXJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.17	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.50	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.05	—

Drawdowns

Drawdown Indicators

	AMND	PXJ	Difference
Max Drawdown Largest peak-to-trough decline	—	-94.82%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-10.10%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-40.03%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-40.03%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-87.72%	—
Current Drawdown Current decline from peak	—	-66.60%	—
Average Drawdown Average peak-to-trough decline	—	-55.67%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.46%	—

Volatility

Volatility by Period

	AMND	PXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	26.41%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	34.57%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	39.47%	—

AMND vs. PXJ - Expense Ratio Comparison

AMND has a 0.75% expense ratio, which is higher than PXJ's 0.63% expense ratio.

Dividends

AMND vs. PXJ - Dividend Comparison

AMND has not paid dividends to shareholders, while PXJ's dividend yield for the trailing twelve months is around 2.21%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050	0.00%	0.00%	5.14%	6.56%	6.37%	7.10%	2.49%	0.00%	0.00%	0.00%	0.00%	0.00%
PXJ Invesco Dynamic Oil & Gas Services ETF	2.21%	2.91%	3.34%	1.99%	0.65%	2.40%	4.72%	1.87%	0.99%	2.75%	1.18%	2.36%

Frequently Asked Questions

Can I hold both AMND and PXJ in my portfolio?

AMND and PXJ have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AMND or PXJ?

On fees, PXJ is cheaper at 0.63% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMND or PXJ?

PXJ is cheaper with a 0.63% expense ratio, compared with 0.75% for AMND.

Which ETF pays a higher dividend yield, AMND or PXJ?

PXJ has the higher dividend yield at 2.21%, compared with 0.00% for AMND.

What is the main difference between AMND and PXJ?

AMND tracks Alerian Midstream Energy Dividend Index, while PXJ tracks Dynamic Oil & Gas Services Intellidex Index. They also come from different issuers: UBS and Invesco. Their fees differ too: 0.75% for AMND and 0.63% for PXJ.