PXE vs. GXPE
PXE (Invesco Dynamic Energy Exploration & Production ETF) and GXPE (Global X PureCap MSCI Energy ETF) are both Energy Equities funds - PXE tracks the Dynamic Energy Exploration & Production Intellidex Index while GXPE tracks the MSCI USA Energy PureCap Index. Both are passively managed. Their correlation of 0.88 suggests significant overlap in exposure. PXE charges 0.63%/yr vs 0.15%/yr for GXPE.
Performance
PXE vs. GXPE - Performance Comparison
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Returns By Period
In the year-to-date period, PXE achieves a 21.52% return, which is significantly higher than GXPE's 20.25% return.
PXE
- 1D
- -1.14%
- 1M
- -9.46%
- YTD
- 21.52%
- 6M
- 22.13%
- 1Y
- 20.57%
- 3Y*
- 11.49%
- 5Y*
- 15.22%
- 10Y*
- 8.03%
GXPE
- 1D
- -1.80%
- 1M
- -9.28%
- YTD
- 20.25%
- 6M
- 21.31%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PXE vs. GXPE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PXE Invesco Dynamic Energy Exploration & Production ETF | 21.52% | -0.15% |
GXPE Global X PureCap MSCI Energy ETF | 20.25% | 4.62% |
Correlation
The correlation between PXE and GXPE 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 23, 2025 | 0.88 |
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Return for Risk
PXE vs. GXPE — Risk / Return Rank
PXE
GXPE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PXE vs. GXPE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Energy Exploration & Production ETF (PXE) and Global X PureCap MSCI Energy ETF (GXPE). 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.
| PXE | GXPE | 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 | 1.24 | — | — |
| Martin ratioReturn relative to average drawdown | 3.26 | — | — |
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Drawdowns
PXE vs. GXPE - Drawdown Comparison
The maximum PXE drawdown since its inception was -83.99%, which is greater than GXPE's maximum drawdown of -14.89%. Use the drawdown chart below to compare losses from any high point for PXE and GXPE.
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Drawdown Indicators
| PXE | GXPE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.99% | -14.89% | -69.10% |
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 | -15.95% | -14.64% | -1.31% |
Average DrawdownAverage peak-to-trough decline | -27.95% | -3.66% | -24.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.32% | — | — |
Volatility
PXE vs. GXPE - Volatility Comparison
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Volatility by Period
| PXE | GXPE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.89% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 21.02% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.72% | 20.74% | +6.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.65% | 20.74% | +12.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.99% | 20.74% | +16.25% |
PXE vs. GXPE - Expense Ratio Comparison
PXE has a 0.63% expense ratio, which is higher than GXPE's 0.15% expense ratio.
Dividends
PXE vs. GXPE - Dividend Comparison
PXE's dividend yield for the trailing twelve months is around 1.97%, more than GXPE's 1.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXPE Global X PureCap MSCI Energy ETF | 1.00% | 1.20% | 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 | 1.97% | 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 GXPE 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, GXPE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXPE is cheaper with a 0.15% expense ratio, compared with 0.63% for PXE.
PXE has the higher dividend yield at 1.97%, compared with 1.00% for GXPE.
PXE tracks Dynamic Energy Exploration & Production Intellidex Index, while GXPE tracks MSCI USA Energy PureCap Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.63% for PXE and 0.15% for GXPE.
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