GTOP vs. PXE
GTOP (Goldman Sachs Technology Opportunities ETF) and PXE (Invesco Dynamic Energy Exploration & Production ETF) are both exchange-traded funds - GTOP is a Technology Equities fund actively managed by Goldman Sachs, while PXE is a Energy Equities fund tracking the Dynamic Energy Exploration & Production Intellidex Index. GTOP is actively managed, while PXE is passively managed. At a correlation of -0.29, they often move in opposite directions. GTOP charges 0.65%/yr vs 0.63%/yr for PXE.
Performance
GTOP vs. PXE - Performance Comparison
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Returns By Period
In the year-to-date period, GTOP achieves a 20.78% return, which is significantly lower than PXE's 22.92% return.
GTOP
- 1D
- -3.08%
- 1M
- 1.37%
- YTD
- 20.78%
- 6M
- 19.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PXE
- 1D
- 0.26%
- 1M
- -8.41%
- YTD
- 22.92%
- 6M
- 22.87%
- 1Y
- 20.91%
- 3Y*
- 11.92%
- 5Y*
- 15.82%
- 10Y*
- 8.16%
GTOP vs. PXE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GTOP Goldman Sachs Technology Opportunities ETF | 20.78% | -1.02% |
PXE Invesco Dynamic Energy Exploration & Production ETF | 22.92% | -8.25% |
Correlation
The correlation between GTOP and PXE is -0.29, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 8, 2025 | -0.29 |
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Return for Risk
GTOP vs. PXE — Risk / Return Rank
GTOP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PXE
GTOP vs. PXE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Technology Opportunities ETF (GTOP) and Invesco Dynamic Energy Exploration & Production ETF (PXE). 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.
| GTOP | PXE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.14 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.26 | — |
| Martin ratioReturn relative to average drawdown | — | 3.36 | — |
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Drawdowns
GTOP vs. PXE - Drawdown Comparison
The maximum GTOP drawdown since its inception was -14.47%, smaller than the maximum PXE drawdown of -83.99%. Use the drawdown chart below to compare losses from any high point for GTOP and PXE.
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Drawdown Indicators
| GTOP | PXE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.47% | -83.99% | +69.52% |
Max Drawdown (1Y)Largest decline over 1 year | — | -16.70% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -37.65% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.65% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.17% | — |
Current DrawdownCurrent decline from peak | -5.56% | -14.98% | +9.42% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -27.95% | +24.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.24% | — |
Volatility
GTOP vs. PXE - Volatility Comparison
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Volatility by Period
| GTOP | PXE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.95% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 20.98% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.61% | 27.96% | -3.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.61% | 33.65% | -9.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.61% | 37.00% | -12.39% |
GTOP vs. PXE - Expense Ratio Comparison
GTOP has a 0.65% expense ratio, which is higher than PXE's 0.63% expense ratio.
Dividends
GTOP vs. PXE - Dividend Comparison
GTOP has not paid dividends to shareholders, while PXE's dividend yield for the trailing twelve months is around 1.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTOP Goldman Sachs Technology Opportunities ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PXE Invesco Dynamic Energy Exploration & Production ETF | 1.94% | 2.98% | 2.54% | 2.78% | 3.03% | 1.86% | 4.10% | 1.70% | 1.29% | 1.54% | 6.62% | 2.58% |
Frequently Asked Questions
GTOP and PXE 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.
On fees, PXE is cheaper at 0.63% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PXE is cheaper with a 0.63% expense ratio, compared with 0.65% for GTOP.
PXE has the higher dividend yield at 1.94%, compared with 0.00% for GTOP.
GTOP is categorized as Technology Equities, while PXE is Energy Equities. They also come from different issuers: Goldman Sachs and Invesco. Their fees differ too: 0.65% for GTOP and 0.63% for PXE.
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