PXE vs. TEXU

Last updated Aug 4, 2026

PXE (Invesco Dynamic Energy Exploration & Production ETF) and TEXU (Direxion Daily Energy Top 5 Bull 2X ETF) are both exchange-traded funds - PXE is a Energy Equities fund tracking the Dynamic Energy Exploration & Production Intellidex Index, while TEXU is a Leveraged Equities fund tracking the S&P 500 Energy (Sector) Top 5 Equal Capped Index. Both are passively managed. Their correlation of 0.80 means they have usually moved in the same direction. PXE charges 0.63%/yr vs 0.98%/yr for TEXU.

Performance

PXE vs. TEXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dynamic Energy Exploration & Production ETF (PXE) and Direxion Daily Energy Top 5 Bull 2X ETF (TEXU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PXE achieves a 37.35% return, which is significantly lower than TEXU's 57.63% return.

PXE

• 1D: -1.42%
• 1M: 11.73%
• 6M: 30.07%
• YTD: 37.35%
• 1Y: 40.97%
• 3Y*: 9.38%
• 5Y*: 23.28%
• 10Y*: 9.15%
• ALL TIME*: 6.40%

TEXU

• 1D: -2.42%
• 1M: 18.00%
• 6M: 30.06%
• YTD: 57.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PXE Invesco Dynamic Energy Exploration & Production ETF	$1.19M	$1.10M	$1.96M
TEXU Direxion Daily Energy Top 5 Bull 2X ETF	$73.06K	$89.46K	$93.15K

PXE vs. TEXU - Yearly Performance Comparison

	2026 (YTD)	2025
PXE Invesco Dynamic Energy Exploration & Production ETF	37.35%	-4.29%
TEXU Direxion Daily Energy Top 5 Bull 2X ETF	57.63%	-1.42%

Correlation

The correlation between PXE and TEXU is 0.80, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.80

Return for Risk

PXE vs. TEXU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PXE

PXE Risk / Return Rank: 57
PXE Sharpe Ratio Rank: 61
PXE Sortino Ratio Rank: 56
PXE Omega Ratio Rank: 53
PXE Calmar Ratio Rank: 68
PXE Martin Ratio Rank: 49

TEXU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PXE vs. TEXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Energy Exploration & Production ETF (PXE) and Direxion Daily Energy Top 5 Bull 2X ETF (TEXU). 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	TEXU	Difference
Sharpe ratio: Return per unit of total volatility	1.50	—	—
Sortino ratio: Return per unit of downside risk	2.00	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	2.47	—	—
Martin ratio: Return relative to average drawdown	5.86	—	—

Drawdowns

PXE vs. TEXU - Drawdown Comparison

The maximum PXE drawdown since its inception was -83.99%, which is greater than TEXU's maximum drawdown of -31.71%. Use the drawdown chart below to compare losses from any high point for PXE and TEXU.

Drawdown Indicators

	PXE	TEXU	Difference
Max Drawdown Largest peak-to-trough decline	-83.99%	-31.71%	-52.28%
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 Drawdown Current decline from peak	-5.00%	-17.99%	+12.99%
Average Drawdown Average peak-to-trough decline	-27.85%	-8.71%	-19.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.01%	—	—

Volatility

Volatility by Period

	PXE	TEXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.10%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.59%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.57%	40.88%	-13.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.26%	40.88%	-7.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.95%	40.88%	-3.93%

PXE vs. TEXU - Expense Ratio Comparison

PXE has a 0.63% expense ratio, which is lower than TEXU's 0.98% expense ratio.

Dividends

PXE vs. TEXU - Dividend Comparison

PXE's dividend yield for the trailing twelve months is around 1.74%, more than TEXU's 1.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PXE Invesco Dynamic Energy Exploration & Production ETF	1.74%	2.98%	2.54%	2.78%	3.03%	1.86%	4.10%	1.70%	1.29%	1.54%	6.62%	2.58%
TEXU Direxion Daily Energy Top 5 Bull 2X ETF	1.40%	0.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PXE and TEXU in my portfolio?

PXE and TEXU have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PXE or TEXU?

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.

Which ETF is cheaper, PXE or TEXU?

PXE is cheaper with a 0.63% expense ratio, compared with 0.98% for TEXU.

Which ETF pays a higher dividend yield, PXE or TEXU?

PXE has the higher dividend yield at 1.74%, compared with 1.40% for TEXU.

What is the main difference between PXE and TEXU?

PXE is categorized as Energy Equities, while TEXU is Leveraged Equities. PXE tracks Dynamic Energy Exploration & Production Intellidex Index, while TEXU tracks S&P 500 Energy (Sector) Top 5 Equal Capped Index. They also come from different issuers: Invesco and Direxion. Their fees differ too: 0.63% for PXE and 0.98% for TEXU.