PXE vs. VYM
Compare and contrast key facts about Invesco Dynamic Energy Exploration & Production ETF (PXE) and Vanguard High Dividend Yield ETF (VYM).
PXE and VYM 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. VYM is a passively managed fund by Vanguard that tracks the performance of the FTSE High Dividend Yield Index. It was launched on Nov 10, 2006. Both PXE and VYM 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 VYM.
Key characteristics
| PXE | VYM | |
|---|---|---|
| YTD Return | -1.28% | 19.22% |
| 1Y Return | -7.14% | 29.82% |
| 3Y Return (Ann) | 16.81% | 10.13% |
| 5Y Return (Ann) | 19.44% | 11.56% |
| 10Y Return (Ann) | 3.04% | 10.86% |
| Sharpe Ratio | -0.28 | 2.88 |
| Sortino Ratio | -0.24 | 4.00 |
| Omega Ratio | 0.97 | 1.51 |
| Calmar Ratio | -0.28 | 3.14 |
| Martin Ratio | -0.59 | 18.19 |
| Ulcer Index | 10.68% | 1.72% |
| Daily Std Dev | 22.25% | 10.83% |
| Max Drawdown | -83.99% | -56.98% |
| Current Drawdown | -18.72% | -0.47% |
Correlation
The correlation between PXE and VYM is 0.62, 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.
Performance
PXE vs. VYM - Performance Comparison
In the year-to-date period, PXE achieves a -1.28% return, which is significantly lower than VYM's 19.22% return. Over the past 10 years, PXE has underperformed VYM with an annualized return of 3.04%, while VYM has yielded a comparatively higher 10.86% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PXE vs. VYM - Expense Ratio Comparison
PXE has a 0.63% expense ratio, which is higher than VYM's 0.06% expense ratio.
Risk-Adjusted Performance
PXE vs. VYM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Energy Exploration & Production ETF (PXE) and Vanguard High Dividend Yield ETF (VYM). 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. VYM - Dividend Comparison
PXE's dividend yield for the trailing twelve months is around 2.69%, less than VYM's 2.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXE Invesco Dynamic Energy Exploration & Production ETF | 2.69% | 2.78% | 3.03% | 1.86% | 4.10% | 1.70% | 1.29% | 1.54% | 6.62% | 2.58% | 2.05% | 1.73% |
VYM Vanguard High Dividend Yield ETF | 2.78% | 3.12% | 3.01% | 2.76% | 3.18% | 3.03% | 3.40% | 2.80% | 2.91% | 3.22% | 2.78% | 2.81% |
Drawdowns
PXE vs. VYM - Drawdown Comparison
The maximum PXE drawdown since its inception was -83.99%, which is greater than VYM's maximum drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for PXE and VYM. For additional features, visit the drawdowns tool.
Volatility
PXE vs. VYM - Volatility Comparison
Invesco Dynamic Energy Exploration & Production ETF (PXE) has a higher volatility of 8.88% compared to Vanguard High Dividend Yield ETF (VYM) at 2.45%. This indicates that PXE's price experiences larger fluctuations and is considered to be riskier than VYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.