PXE vs. VEA
PXE (Invesco Dynamic Energy Exploration & Production ETF) and VEA (Vanguard FTSE Developed Markets ETF) are both exchange-traded funds - PXE is a Energy Equities fund tracking the Dynamic Energy Exploration & Production Intellidex Index, while VEA is a Foreign Large Cap Equities fund tracking the FTSE Developed All Cap ex US Index. Both are passively managed. Over the past 10 years, PXE returned 8.16%/yr vs 10.72%/yr for VEA. A 0.55 correlation means they provide meaningful diversification when combined. PXE charges 0.63%/yr vs 0.03%/yr for VEA.
Performance
PXE vs. VEA - Performance Comparison
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Returns By Period
In the year-to-date period, PXE achieves a 22.92% return, which is significantly higher than VEA's 13.11% return. Over the past 10 years, PXE has underperformed VEA with an annualized return of 8.16%, while VEA has yielded a comparatively higher 10.72% annualized return.
PXE
- 1D
- 0.26%
- 1M
- -8.41%
- YTD
- 22.92%
- 6M
- 22.87%
- 1Y
- 20.91%
- 3Y*
- 11.92%
- 5Y*
- 15.82%
- 10Y*
- 8.16%
VEA
- 1D
- -3.07%
- 1M
- 0.11%
- YTD
- 13.11%
- 6M
- 12.98%
- 1Y
- 30.28%
- 3Y*
- 19.47%
- 5Y*
- 9.50%
- 10Y*
- 10.72%
PXE vs. VEA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PXE Invesco Dynamic Energy Exploration & Production ETF | 22.92% | -2.82% | -1.86% | 7.69% | 58.32% | 94.04% | -36.76% | -1.69% | -23.35% | 1.02% |
VEA Vanguard FTSE Developed Markets ETF | 13.11% | 35.16% | 3.15% | 17.93% | -15.34% | 11.66% | 9.71% | 22.62% | -14.75% | 26.42% |
Correlation
The correlation between PXE and VEA is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2007 | 0.55 |
The correlation between PXE and VEA shifts across timeframes, from -0.08 (1 year) to 0.55 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PXE vs. VEA — Risk / Return Rank
PXE
VEA
PXE vs. VEA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Energy Exploration & Production ETF (PXE) and Vanguard FTSE Developed Markets ETF (VEA). 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 | VEA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.33 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 2.62 | -1.36 |
| Martin ratioReturn relative to average drawdown | 3.36 | 10.06 | -6.70 |
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Drawdowns
PXE vs. VEA - Drawdown Comparison
The maximum PXE drawdown since its inception was -83.99%, which is greater than VEA's maximum drawdown of -60.68%. Use the drawdown chart below to compare losses from any high point for PXE and VEA.
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Drawdown Indicators
| PXE | VEA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.99% | -60.68% | -23.31% |
Max Drawdown (1Y)Largest decline over 1 year | -16.70% | -11.63% | -5.07% |
Max Drawdown (3Y)Largest decline over 3 years | -37.65% | -13.45% | -24.20% |
Max Drawdown (5Y)Largest decline over 5 years | -37.65% | -29.71% | -7.94% |
Max Drawdown (10Y)Largest decline over 10 years | -80.17% | -35.73% | -44.44% |
Current DrawdownCurrent decline from peak | -14.98% | -3.07% | -11.91% |
Average DrawdownAverage peak-to-trough decline | -27.95% | -13.26% | -14.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.24% | 3.02% | +3.22% |
Volatility
PXE vs. VEA - Volatility Comparison
Invesco Dynamic Energy Exploration & Production ETF (PXE) has a higher volatility of 8.95% compared to Vanguard FTSE Developed Markets ETF (VEA) at 7.09%. This indicates that PXE's price experiences larger fluctuations and is considered to be riskier than VEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PXE | VEA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.95% | 7.09% | +1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 20.98% | 14.74% | +6.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.96% | 16.79% | +11.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.65% | 16.76% | +16.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.00% | 17.21% | +19.79% |
PXE vs. VEA - Expense Ratio Comparison
PXE has a 0.63% expense ratio, which is higher than VEA's 0.03% expense ratio.
Dividends
PXE vs. VEA - Dividend Comparison
PXE's dividend yield for the trailing twelve months is around 1.94%, less than VEA's 2.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXE Invesco Dynamic Energy Exploration & Production ETF | 1.94% | 2.98% | 2.54% | 2.78% | 3.03% | 1.86% | 4.10% | 1.70% | 1.29% | 1.54% | 6.62% | 2.58% |
VEA Vanguard FTSE Developed Markets ETF | 2.58% | 3.22% | 3.35% | 3.15% | 2.91% | 3.16% | 2.04% | 3.04% | 3.35% | 2.77% | 3.05% | 2.92% |
Frequently Asked Questions
PXE and VEA have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PXE has higher volatility (8.95%) compared to VEA (7.09%). In terms of maximum drawdown, PXE dropped -83.99% vs VEA's -60.68%.
On 10-year performance, VEA leads with 10.72% vs 8.16% for PXE. On fees, VEA is cheaper at 0.03% per year. On volatility, VEA has been the lower-risk option at 7.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VEA has performed better with a 10.72% return vs 8.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VEA is cheaper with a 0.03% expense ratio, compared with 0.63% for PXE.
VEA has the higher dividend yield at 2.58%, compared with 1.94% for PXE.
PXE is categorized as Energy Equities, while VEA is Foreign Large Cap Equities. PXE tracks Dynamic Energy Exploration & Production Intellidex Index, while VEA tracks FTSE Developed All Cap ex US Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.63% for PXE and 0.03% for VEA.
VEA currently has the higher Sharpe Ratio (1.81 vs 0.76), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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