BKGI vs. PXJ

Last updated Jul 14, 2026

BKGI (Bny Mellon Global Infrastructure Income ETF) and PXJ (Invesco Dynamic Oil & Gas Services ETF) are both Energy Equities funds. BKGI is actively managed, while PXJ is passively managed. Over the past 3 years, BKGI returned 20.84%/yr vs 18.32%/yr for PXJ. At a 0.36 correlation, their price movements are largely independent. BKGI charges 0.65%/yr vs 0.63%/yr for PXJ.

Performance

BKGI vs. PXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bny Mellon Global Infrastructure Income ETF (BKGI) and Invesco Dynamic Oil & Gas Services ETF (PXJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKGI achieves a 13.23% return, which is significantly lower than PXJ's 41.36% return.

BKGI

• 1D: 0.77%
• 1M: -0.91%
• 6M: 12.04%
• YTD: 13.23%
• 1Y: 20.83%
• 3Y*: 20.84%
• 5Y*: —
• 10Y*: —

PXJ

• 1D: 0.39%
• 1M: -6.30%
• 6M: 29.86%
• YTD: 41.36%
• 1Y: 62.95%
• 3Y*: 18.32%
• 5Y*: 20.43%
• 10Y*: -1.35%

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

BKGI vs. PXJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BKGI Bny Mellon Global Infrastructure Income ETF	13.23%	37.53%	12.35%	9.72%	8.54%
PXJ Invesco Dynamic Oil & Gas Services ETF	41.36%	8.74%	0.21%	14.44%	5.27%

Correlation

The correlation between BKGI and PXJ is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (All Time) Calculated using the full available price history since Nov 3, 2022	0.36

BKGI vs. PXJ - Sectors Allocation Comparison

Sectors	BKGI	PXJ
Utilities	46.8%	2.1%
Energy	20.6%	67.7%
Real Estate	18.1%	-
Industrials	11.8%	2.7%
Communication Services	2.7%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	0.2%
Healthcare	-	-
Technology	-	-

Return for Risk

BKGI vs. PXJ — Risk / Return Rank

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

BKGI

BKGI Risk / Return Rank: 72
BKGI Sharpe Ratio Rank: 70
BKGI Sortino Ratio Rank: 68
BKGI Omega Ratio Rank: 69
BKGI Calmar Ratio Rank: 81
BKGI Martin Ratio Rank: 70

PXJ

PXJ Risk / Return Rank: 84
PXJ Sharpe Ratio Rank: 90
PXJ Sortino Ratio Rank: 86
PXJ Omega Ratio Rank: 80
PXJ Calmar Ratio Rank: 82
PXJ Martin Ratio Rank: 81

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.

BKGI vs. PXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bny Mellon Global Infrastructure Income ETF (BKGI) 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.

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.

	BKGI	PXJ	Difference
Sharpe ratio: Return per unit of total volatility	1.79	2.36	-0.57
Sortino ratio: Return per unit of downside risk	2.48	3.07	-0.59
Omega ratio: Gain probability vs. loss probability	1.32	1.37	-0.05
Calmar ratio: Return relative to maximum drawdown	3.40	3.44	-0.04
Martin ratio: Return relative to average drawdown	10.17	12.34	-2.17

BKGI vs. PXJ - Sharpe Ratio Comparison

The current BKGI Sharpe Ratio is 1.79, which is comparable to the PXJ Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of BKGI and PXJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BKGI vs. PXJ - Drawdown Comparison

The maximum BKGI drawdown since its inception was -14.79%, smaller than the maximum PXJ drawdown of -94.82%. Use the drawdown chart below to compare losses from any high point for BKGI and PXJ.

Drawdown Indicators

	BKGI	PXJ	Difference
Max Drawdown Largest peak-to-trough decline	-14.79%	-94.82%	+80.03%
Max Drawdown (1Y) Largest decline over 1 year	-6.16%	-18.39%	+12.23%
Max Drawdown (3Y) Largest decline over 3 years	-14.16%	-40.03%	+25.87%
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	-2.25%	-67.70%	+65.45%
Average Drawdown Average peak-to-trough decline	-2.57%	-55.72%	+53.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	5.17%	-3.12%

Volatility

BKGI vs. PXJ - Volatility Comparison

The current volatility for Bny Mellon Global Infrastructure Income ETF (BKGI) is 3.47%, while Invesco Dynamic Oil & Gas Services ETF (PXJ) has a volatility of 8.58%. This indicates that BKGI experiences smaller price fluctuations and is considered to be less risky than PXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKGI	PXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.47%	8.58%	-5.11%
Volatility (6M) Calculated over the trailing 6-month period	9.51%	19.21%	-9.70%
Volatility (1Y) Calculated over the trailing 1-year period	11.71%	26.83%	-15.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.00%	34.36%	-20.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.00%	39.20%	-25.20%

BKGI vs. PXJ - Expense Ratio Comparison

BKGI has a 0.65% expense ratio, which is higher than PXJ's 0.63% expense ratio.

Dividends

BKGI vs. PXJ - Dividend Comparison

BKGI's dividend yield for the trailing twelve months is around 2.91%, more than PXJ's 2.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKGI Bny Mellon Global Infrastructure Income ETF	2.91%	2.65%	4.55%	4.55%	0.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PXJ Invesco Dynamic Oil & Gas Services ETF	2.47%	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 BKGI and PXJ in my portfolio?

BKGI and PXJ have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BKGI or PXJ?

PXJ has higher volatility (8.58%) compared to BKGI (3.47%). In terms of maximum drawdown, BKGI dropped -14.79% vs PXJ's -94.82%.

Which ETF is better, BKGI or PXJ?

On 3-year performance, BKGI leads with 20.84% vs 18.32% for PXJ. On fees, PXJ is cheaper at 0.63% per year. On volatility, BKGI has been the lower-risk option at 3.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BKGI or PXJ?

Over the 3-year period, BKGI has performed better with a 20.84% return vs 18.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKGI or PXJ?

PXJ is cheaper with a 0.63% expense ratio, compared with 0.65% for BKGI.

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

BKGI has the higher dividend yield at 2.91%, compared with 2.47% for PXJ.

What is the main difference between BKGI and PXJ?

They also come from different issuers: BNY Mellon and Invesco. Their fees differ too: 0.65% for BKGI and 0.63% for PXJ.

Which has better risk-adjusted returns?

PXJ currently has the higher Sharpe Ratio (2.36 vs 1.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.