PXE vs. VOLT
Compare and contrast key facts about Invesco Dynamic Energy Exploration & Production ETF (PXE) and Tema Electrification ETF (VOLT).
PXE and VOLT 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. VOLT is an actively managed fund by Tema. It was launched on Dec 3, 2024.
Performance
PXE vs. VOLT - Performance Comparison
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PXE vs. VOLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PXE Invesco Dynamic Energy Exploration & Production ETF | 40.63% | -2.82% | -3.67% |
VOLT Tema Electrification ETF | 18.37% | 25.92% | -8.86% |
Returns By Period
In the year-to-date period, PXE achieves a 40.63% return, which is significantly higher than VOLT's 18.37% return.
PXE
- 1D
- -1.53%
- 1M
- 17.66%
- YTD
- 40.63%
- 6M
- 34.61%
- 1Y
- 37.24%
- 3Y*
- 16.16%
- 5Y*
- 23.72%
- 10Y*
- 10.40%
VOLT
- 1D
- 3.29%
- 1M
- -4.12%
- YTD
- 18.37%
- 6M
- 19.46%
- 1Y
- 61.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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PXE vs. VOLT - Expense Ratio Comparison
PXE has a 0.63% expense ratio, which is lower than VOLT's 0.75% expense ratio.
Return for Risk
PXE vs. VOLT — Risk / Return Rank
PXE
VOLT
PXE vs. VOLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Energy Exploration & Production ETF (PXE) and Tema Electrification ETF (VOLT). 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.
| PXE | VOLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 2.88 | -1.76 |
Sortino ratioReturn per unit of downside risk | 1.55 | 3.55 | -2.00 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.50 | -0.28 |
Calmar ratioReturn relative to maximum drawdown | 1.62 | 6.14 | -4.51 |
Martin ratioReturn relative to average drawdown | 5.21 | 19.19 | -13.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PXE | VOLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 2.88 | -1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 1.11 | -0.93 |
Correlation
The correlation between PXE and VOLT is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PXE vs. VOLT - Dividend Comparison
PXE's dividend yield for the trailing twelve months is around 1.89%, more than VOLT's 0.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXE Invesco Dynamic Energy Exploration & Production ETF | 1.89% | 2.98% | 2.54% | 2.78% | 3.03% | 1.86% | 4.10% | 1.70% | 1.29% | 1.54% | 6.62% | 2.58% |
VOLT Tema Electrification ETF | 0.39% | 0.46% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PXE vs. VOLT - Drawdown Comparison
The maximum PXE drawdown since its inception was -83.99%, which is greater than VOLT's maximum drawdown of -23.40%. Use the drawdown chart below to compare losses from any high point for PXE and VOLT.
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Drawdown Indicators
| PXE | VOLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.99% | -23.40% | -60.59% |
Max Drawdown (1Y)Largest decline over 1 year | -23.67% | -10.00% | -13.67% |
Max Drawdown (5Y)Largest decline over 5 years | -37.65% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -80.17% | — | — |
Current DrawdownCurrent decline from peak | -2.73% | -5.10% | +2.37% |
Average DrawdownAverage peak-to-trough decline | -28.16% | -5.56% | -22.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.38% | 3.20% | +4.18% |
Volatility
PXE vs. VOLT - Volatility Comparison
The current volatility for Invesco Dynamic Energy Exploration & Production ETF (PXE) is 6.46%, while Tema Electrification ETF (VOLT) has a volatility of 9.44%. This indicates that PXE experiences smaller price fluctuations and is considered to be less risky than VOLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PXE | VOLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.46% | 9.44% | -2.98% |
Volatility (6M)Calculated over the trailing 6-month period | 19.00% | 15.70% | +3.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.42% | 21.43% | +11.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.83% | 23.85% | +9.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.98% | 23.85% | +13.13% |