PXE vs. SOXX
Compare and contrast key facts about Invesco Dynamic Energy Exploration & Production ETF (PXE) and iShares PHLX Semiconductor ETF (SOXX).
PXE and SOXX 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. SOXX is a passively managed fund by iShares that tracks the performance of the PHLX Semiconductor Sector Index. It was launched on Jul 10, 2001. Both PXE and SOXX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PXE or SOXX.
Key characteristics
| PXE | SOXX | |
|---|---|---|
| YTD Return | -1.28% | 18.96% |
| 1Y Return | -7.14% | 42.04% |
| 3Y Return (Ann) | 16.81% | 15.64% |
| 5Y Return (Ann) | 19.44% | 26.93% |
| 10Y Return (Ann) | 3.04% | 25.69% |
| Sharpe Ratio | -0.28 | 1.28 |
| Sortino Ratio | -0.24 | 1.78 |
| Omega Ratio | 0.97 | 1.23 |
| Calmar Ratio | -0.28 | 1.77 |
| Martin Ratio | -0.59 | 4.91 |
| Ulcer Index | 10.68% | 8.97% |
| Daily Std Dev | 22.25% | 34.34% |
| Max Drawdown | -83.99% | -70.21% |
| Current Drawdown | -18.72% | -14.15% |
Correlation
The correlation between PXE and SOXX is 0.45, 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. SOXX - Performance Comparison
In the year-to-date period, PXE achieves a -1.28% return, which is significantly lower than SOXX's 18.96% return. Over the past 10 years, PXE has underperformed SOXX with an annualized return of 3.04%, while SOXX has yielded a comparatively higher 25.69% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PXE vs. SOXX - Expense Ratio Comparison
PXE has a 0.63% expense ratio, which is higher than SOXX's 0.46% expense ratio.
Risk-Adjusted Performance
PXE vs. SOXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Energy Exploration & Production ETF (PXE) and iShares PHLX Semiconductor ETF (SOXX). 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. SOXX - Dividend Comparison
PXE's dividend yield for the trailing twelve months is around 2.69%, more than SOXX's 0.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXE Invesco Dynamic Energy Exploration & Production ETF | 2.69% | 2.78% | 3.03% | 1.86% | 4.10% | 1.70% | 1.29% | 1.54% | 6.62% | 2.58% | 2.05% | 1.73% |
SOXX iShares PHLX Semiconductor ETF | 0.64% | 0.78% | 1.25% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% | 1.56% | 1.18% |
Drawdowns
PXE vs. SOXX - Drawdown Comparison
The maximum PXE drawdown since its inception was -83.99%, which is greater than SOXX's maximum drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for PXE and SOXX. For additional features, visit the drawdowns tool.
Volatility
PXE vs. SOXX - Volatility Comparison
The current volatility for Invesco Dynamic Energy Exploration & Production ETF (PXE) is 8.88%, while iShares PHLX Semiconductor ETF (SOXX) has a volatility of 9.44%. This indicates that PXE experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.