PXE vs. DVXE
PXE (Invesco Dynamic Energy Exploration & Production ETF) and DVXE (WEBs Energy XLE Defined Volatility ETF) are both Energy Equities funds - PXE tracks the Dynamic Energy Exploration & Production Intellidex Index while DVXE tracks the Syntax Defined Volatility XLE Index. Both are passively managed. Their correlation of 0.88 suggests significant overlap in exposure. PXE charges 0.63%/yr vs 0.89%/yr for DVXE.
Performance
PXE vs. DVXE - Performance Comparison
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Returns By Period
In the year-to-date period, PXE achieves a 33.64% return, which is significantly lower than DVXE's 44.98% return.
PXE
- 1D
- 1.36%
- 1M
- -4.42%
- YTD
- 33.64%
- 6M
- 22.49%
- 1Y
- 37.56%
- 3Y*
- 15.66%
- 5Y*
- 18.55%
- 10Y*
- 8.62%
DVXE
- 1D
- 1.52%
- 1M
- -1.50%
- YTD
- 44.98%
- 6M
- 39.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PXE vs. DVXE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PXE Invesco Dynamic Energy Exploration & Production ETF | 33.64% | -1.16% |
DVXE WEBs Energy XLE Defined Volatility ETF | 44.98% | 4.49% |
Correlation
The correlation between PXE and DVXE is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025 | 0.88 |
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Return for Risk
PXE vs. DVXE — Risk / Return Rank
PXE
DVXE
PXE vs. DVXE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Energy Exploration & Production ETF (PXE) and WEBs Energy XLE Defined Volatility ETF (DVXE). 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.
| PXE | DVXE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.23 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | — | — |
| Martin ratioReturn relative to average drawdown | 6.58 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PXE | DVXE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 1.99 | -1.81 |
Drawdowns
PXE vs. DVXE - Drawdown Comparison
The maximum PXE drawdown since its inception was -83.99%, which is greater than DVXE's maximum drawdown of -17.96%. Use the drawdown chart below to compare losses from any high point for PXE and DVXE.
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Drawdown Indicators
| PXE | DVXE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.99% | -17.96% | -66.03% |
Max Drawdown (1Y)Largest decline over 1 year | -13.89% | — | — |
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 | -7.57% | -11.99% | +4.42% |
Average DrawdownAverage peak-to-trough decline | -27.99% | -5.80% | -22.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | — | — |
Volatility
PXE vs. DVXE - Volatility Comparison
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Volatility by Period
| PXE | DVXE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.57% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 20.76% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.48% | 31.23% | -3.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.66% | 31.23% | +2.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.99% | 31.23% | +5.76% |
PXE vs. DVXE - Expense Ratio Comparison
PXE has a 0.63% expense ratio, which is lower than DVXE's 0.89% expense ratio.
Dividends
PXE vs. DVXE - Dividend Comparison
PXE's dividend yield for the trailing twelve months is around 1.99%, while DVXE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVXE WEBs Energy XLE Defined Volatility 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 | 1.99% | 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
PXE and DVXE have a correlation of 0.88, 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 0.89% for DVXE.
PXE has the higher dividend yield at 1.99%, compared with 0.00% for DVXE.
PXE tracks Dynamic Energy Exploration & Production Intellidex Index, while DVXE tracks Syntax Defined Volatility XLE Index. They also come from different issuers: Invesco and WEBs. Their fees differ too: 0.63% for PXE and 0.89% for DVXE.
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