MGY vs. PXI
MGY (Magnolia Oil & Gas Corporation) is a stock, while PXI (Invesco DWA Energy Momentum ETF) is Momentum fund tracking the Dorsey Wright Energy Technical Leaders Index. Over the past 5 years, MGY returned 14.39%/yr vs 14.47%/yr for PXI. A 0.77 correlation means they provide meaningful diversification when combined.
Performance
MGY vs. PXI - Performance Comparison
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Returns By Period
In the year-to-date period, MGY achieves a 25.43% return, which is significantly higher than PXI's 22.95% return.
MGY
- 1D
- 2.73%
- 1M
- -7.22%
- YTD
- 25.43%
- 6M
- 25.94%
- 1Y
- 15.88%
- 3Y*
- 13.97%
- 5Y*
- 14.39%
- 10Y*
- —
PXI
- 1D
- 1.37%
- 1M
- -7.84%
- YTD
- 22.95%
- 6M
- 23.28%
- 1Y
- 26.37%
- 3Y*
- 15.94%
- 5Y*
- 14.47%
- 10Y*
- 5.74%
MGY vs. PXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGY Magnolia Oil & Gas Corporation | 25.43% | -3.85% | 12.20% | -7.26% | 26.52% | 168.77% | -43.88% | 12.22% | 15.09% | -2.60% |
PXI Invesco DWA Energy Momentum ETF | 22.95% | 3.86% | 0.76% | 5.48% | 45.85% | 75.05% | -35.91% | 1.67% | -27.56% | 20.88% |
Correlation
The correlation between MGY and PXI is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2017 | 0.77 |
The correlation between MGY and PXI has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.
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Return for Risk
MGY vs. PXI — Risk / Return Rank
MGY
PXI
MGY vs. PXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Magnolia Oil & Gas Corporation (MGY) and Invesco DWA Energy Momentum ETF (PXI). 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.
| MGY | PXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.20 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 2.28 | -1.38 |
| Martin ratioReturn relative to average drawdown | 1.98 | 6.80 | -4.82 |
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Drawdowns
MGY vs. PXI - Drawdown Comparison
The maximum MGY drawdown since its inception was -77.76%, smaller than the maximum PXI drawdown of -85.08%. Use the drawdown chart below to compare losses from any high point for MGY and PXI.
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Drawdown Indicators
| MGY | PXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.76% | -85.08% | +7.32% |
Max Drawdown (1Y)Largest decline over 1 year | -17.91% | -11.64% | -6.27% |
Max Drawdown (3Y)Largest decline over 3 years | -31.48% | -30.74% | -0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -38.14% | -33.47% | -4.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -79.55% | — |
Current DrawdownCurrent decline from peak | -15.67% | -10.43% | -5.24% |
Average DrawdownAverage peak-to-trough decline | -19.91% | -29.38% | +9.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.08% | 3.96% | +4.12% |
Volatility
MGY vs. PXI - Volatility Comparison
Magnolia Oil & Gas Corporation (MGY) and Invesco DWA Energy Momentum ETF (PXI) have volatilities of 8.30% and 7.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGY | PXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.30% | 7.91% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 22.45% | 17.04% | +5.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.86% | 22.14% | +8.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.61% | 33.41% | +6.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.18% | 37.16% | +9.02% |
Dividends
MGY vs. PXI - Dividend Comparison
MGY's dividend yield for the trailing twelve months is around 2.32%, more than PXI's 1.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGY Magnolia Oil & Gas Corporation | 2.32% | 2.74% | 2.22% | 2.16% | 1.71% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PXI Invesco DWA Energy Momentum ETF | 1.71% | 1.81% | 1.52% | 1.82% | 3.14% | 0.57% | 1.72% | 2.80% | 0.93% | 0.80% | 0.73% | 2.07% |
Frequently Asked Questions
MGY and PXI have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGY has higher volatility (8.30%) compared to PXI (7.91%). In terms of maximum drawdown, MGY dropped -77.76% vs PXI's -85.08%.
PXI currently has the higher Sharpe Ratio (1.20 vs 0.52), 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.
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