PXE vs. VDE
Compare and contrast key facts about Invesco Dynamic Energy Exploration & Production ETF (PXE) and Vanguard Energy ETF (VDE).
PXE and VDE 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. VDE is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Energy 25/50 Index. It was launched on Sep 23, 2004. Both PXE and VDE 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 VDE.
Performance
PXE vs. VDE - Performance Comparison
Returns By Period
In the year-to-date period, PXE achieves a 2.70% return, which is significantly lower than VDE's 15.29% return. Over the past 10 years, PXE has underperformed VDE with an annualized return of 3.08%, while VDE has yielded a comparatively higher 4.41% annualized return.
PXE
2.70%
3.00%
-8.81%
4.25%
18.48%
3.08%
VDE
15.29%
4.85%
1.11%
17.23%
15.60%
4.41%
Key characteristics
| PXE | VDE | |
|---|---|---|
| Sharpe Ratio | 0.06 | 0.82 |
| Sortino Ratio | 0.23 | 1.22 |
| Omega Ratio | 1.03 | 1.15 |
| Calmar Ratio | 0.06 | 1.11 |
| Martin Ratio | 0.12 | 2.68 |
| Ulcer Index | 11.15% | 5.56% |
| Daily Std Dev | 22.64% | 18.09% |
| Max Drawdown | -83.99% | -74.16% |
| Current Drawdown | -15.44% | -1.81% |
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PXE vs. VDE - Expense Ratio Comparison
PXE has a 0.63% expense ratio, which is higher than VDE's 0.10% expense ratio.
Correlation
The correlation between PXE and VDE is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
PXE vs. VDE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Energy Exploration & Production ETF (PXE) and Vanguard Energy ETF (VDE). 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. VDE - Dividend Comparison
PXE's dividend yield for the trailing twelve months is around 2.59%, less than VDE's 3.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXE Invesco Dynamic Energy Exploration & Production ETF | 2.59% | 2.79% | 3.04% | 1.86% | 4.10% | 1.70% | 1.28% | 1.55% | 6.62% | 2.58% | 2.05% | 1.73% |
VDE Vanguard Energy ETF | 3.04% | 3.34% | 3.65% | 4.13% | 4.76% | 3.59% | 3.35% | 2.90% | 2.31% | 3.17% | 1.98% | 1.74% |
Drawdowns
PXE vs. VDE - Drawdown Comparison
The maximum PXE drawdown since its inception was -83.99%, which is greater than VDE's maximum drawdown of -74.16%. Use the drawdown chart below to compare losses from any high point for PXE and VDE. For additional features, visit the drawdowns tool.
Volatility
PXE vs. VDE - Volatility Comparison
Invesco Dynamic Energy Exploration & Production ETF (PXE) has a higher volatility of 7.55% compared to Vanguard Energy ETF (VDE) at 5.08%. This indicates that PXE's price experiences larger fluctuations and is considered to be riskier than VDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.