PXE vs. ARKK
Compare and contrast key facts about Invesco Dynamic Energy Exploration & Production ETF (PXE) and ARK Innovation ETF (ARKK).
PXE and ARKK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PXE is a passively managed fund by Invesco that tracks the performance of the Dynamic Energy Exploration & Production Intellidex Index. It was launched on Oct 26, 2005. ARKK is an actively managed fund by ARK Investment Management. It was launched on Oct 31, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PXE or ARKK.
Correlation
The correlation between PXE and ARKK is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PXE vs. ARKK - Performance Comparison
Key characteristics
PXE:
-0.87
ARKK:
0.37
PXE:
-1.09
ARKK:
0.82
PXE:
0.85
ARKK:
1.10
PXE:
-0.74
ARKK:
0.22
PXE:
-1.85
ARKK:
1.27
PXE:
15.08%
ARKK:
12.81%
PXE:
32.04%
ARKK:
44.14%
PXE:
-83.99%
ARKK:
-80.91%
PXE:
-30.91%
ARKK:
-66.89%
Returns By Period
In the year-to-date period, PXE achieves a -14.50% return, which is significantly lower than ARKK's -10.16% return. Over the past 10 years, PXE has underperformed ARKK with an annualized return of 0.61%, while ARKK has yielded a comparatively higher 10.18% annualized return.
PXE
-14.50%
-14.20%
-15.12%
-28.16%
26.94%
0.61%
ARKK
-10.16%
0.43%
6.99%
15.72%
-1.09%
10.18%
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PXE vs. ARKK - Expense Ratio Comparison
PXE has a 0.63% expense ratio, which is lower than ARKK's 0.75% expense ratio.
Risk-Adjusted Performance
PXE vs. ARKK — Risk-Adjusted Performance Rank
PXE
ARKK
PXE vs. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Energy Exploration & Production ETF (PXE) and ARK Innovation ETF (ARKK). 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.
Dividends
PXE vs. ARKK - Dividend Comparison
PXE's dividend yield for the trailing twelve months is around 3.10%, while ARKK has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXE Invesco Dynamic Energy Exploration & Production ETF | 3.10% | 2.54% | 2.79% | 3.04% | 1.86% | 4.10% | 1.70% | 1.28% | 1.55% | 6.62% | 2.58% | 2.05% |
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.83% | 1.31% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% | 0.00% |
Drawdowns
PXE vs. ARKK - Drawdown Comparison
The maximum PXE drawdown since its inception was -83.99%, roughly equal to the maximum ARKK drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for PXE and ARKK. For additional features, visit the drawdowns tool.
Volatility
PXE vs. ARKK - Volatility Comparison
Invesco Dynamic Energy Exploration & Production ETF (PXE) and ARK Innovation ETF (ARKK) have volatilities of 22.51% and 23.46%, 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.