PXE vs. VEA
Compare and contrast key facts about Invesco Dynamic Energy Exploration & Production ETF (PXE) and Vanguard FTSE Developed Markets ETF (VEA).
PXE and VEA 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. VEA is a passively managed fund by Vanguard that tracks the performance of the MSCI EAFE Index. It was launched on Jul 20, 2007. Both PXE and VEA 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 VEA.
Performance
PXE vs. VEA - Performance Comparison
Returns By Period
In the year-to-date period, PXE achieves a 2.70% return, which is significantly lower than VEA's 4.20% return. Over the past 10 years, PXE has underperformed VEA with an annualized return of 3.08%, while VEA has yielded a comparatively higher 5.23% annualized return.
PXE
2.70%
3.00%
-8.81%
4.25%
18.48%
3.08%
VEA
4.20%
-4.91%
-2.89%
12.52%
5.65%
5.23%
Key characteristics
| PXE | VEA | |
|---|---|---|
| Sharpe Ratio | 0.06 | 0.96 |
| Sortino Ratio | 0.23 | 1.38 |
| Omega Ratio | 1.03 | 1.17 |
| Calmar Ratio | 0.06 | 1.24 |
| Martin Ratio | 0.12 | 4.78 |
| Ulcer Index | 11.15% | 2.57% |
| Daily Std Dev | 22.64% | 12.84% |
| Max Drawdown | -83.99% | -60.70% |
| Current Drawdown | -15.44% | -8.03% |
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PXE vs. VEA - Expense Ratio Comparison
PXE has a 0.63% expense ratio, which is higher than VEA's 0.05% expense ratio.
Correlation
The correlation between PXE and VEA is 0.59, 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.
Risk-Adjusted Performance
PXE vs. VEA - Risk-Adjusted Performance 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.
Dividends
PXE vs. VEA - Dividend Comparison
PXE's dividend yield for the trailing twelve months is around 2.59%, less than VEA's 3.06% 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% |
VEA Vanguard FTSE Developed Markets ETF | 3.06% | 3.16% | 2.91% | 3.16% | 2.04% | 3.04% | 3.35% | 2.77% | 3.05% | 2.92% | 3.68% | 2.60% |
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 -60.70%. Use the drawdown chart below to compare losses from any high point for PXE and VEA. For additional features, visit the drawdowns tool.
Volatility
PXE vs. VEA - Volatility Comparison
Invesco Dynamic Energy Exploration & Production ETF (PXE) has a higher volatility of 7.55% compared to Vanguard FTSE Developed Markets ETF (VEA) at 3.73%. 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.