PXE vs. VYM
PXE (Invesco Dynamic Energy Exploration & Production ETF) and VYM (Vanguard High Dividend Yield ETF) are both exchange-traded funds - PXE is a Energy Equities fund tracking the Dynamic Energy Exploration & Production Intellidex Index, while VYM is a Dividend fund tracking the FTSE High Dividend Yield Index. Both are passively managed. Over the past 10 years, PXE returned 8.16%/yr vs 11.98%/yr for VYM. A 0.60 correlation means they provide meaningful diversification when combined. PXE charges 0.63%/yr vs 0.04%/yr for VYM.
Performance
PXE vs. VYM - 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 VYM's 11.51% return. Over the past 10 years, PXE has underperformed VYM with an annualized return of 8.16%, while VYM has yielded a comparatively higher 11.98% 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%
VYM
- 1D
- -0.16%
- 1M
- 0.26%
- YTD
- 11.51%
- 6M
- 10.83%
- 1Y
- 24.08%
- 3Y*
- 18.41%
- 5Y*
- 11.88%
- 10Y*
- 11.98%
PXE vs. VYM - 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% |
VYM Vanguard High Dividend Yield ETF | 11.51% | 15.42% | 17.60% | 6.57% | -0.43% | 26.20% | 1.15% | 24.06% | -5.92% | 16.42% |
Correlation
The correlation between PXE and VYM is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2006 | 0.60 |
Over the past year, the correlation between PXE and VYM has dropped to 0.19 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
PXE vs. VYM — Risk / Return Rank
PXE
VYM
PXE vs. VYM - Risk-Adjusted Trends 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.
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 | VYM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.42 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 3.61 | -2.35 |
| Martin ratioReturn relative to average drawdown | 3.36 | 13.43 | -10.07 |
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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.
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Drawdown Indicators
| PXE | VYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.99% | -56.98% | -27.01% |
Max Drawdown (1Y)Largest decline over 1 year | -16.70% | -6.69% | -10.01% |
Max Drawdown (3Y)Largest decline over 3 years | -37.65% | -14.46% | -23.19% |
Max Drawdown (5Y)Largest decline over 5 years | -37.65% | -15.84% | -21.81% |
Max Drawdown (10Y)Largest decline over 10 years | -80.17% | -35.21% | -44.96% |
Current DrawdownCurrent decline from peak | -14.98% | -1.28% | -13.70% |
Average DrawdownAverage peak-to-trough decline | -27.95% | -7.18% | -20.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.24% | 1.80% | +4.44% |
Volatility
PXE vs. VYM - Volatility Comparison
Invesco Dynamic Energy Exploration & Production ETF (PXE) has a higher volatility of 8.95% compared to Vanguard High Dividend Yield ETF (VYM) at 3.02%. 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.
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Volatility by Period
| PXE | VYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.95% | 3.02% | +5.93% |
Volatility (6M)Calculated over the trailing 6-month period | 20.98% | 7.64% | +13.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.96% | 10.39% | +17.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.65% | 13.93% | +19.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.00% | 16.32% | +20.68% |
PXE vs. VYM - Expense Ratio Comparison
PXE has a 0.63% expense ratio, which is higher than VYM's 0.04% expense ratio.
Dividends
PXE vs. VYM - Dividend Comparison
PXE's dividend yield for the trailing twelve months is around 1.94%, less than VYM's 2.30% 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% |
VYM Vanguard High Dividend Yield ETF | 2.30% | 2.44% | 2.74% | 3.12% | 3.01% | 2.76% | 3.18% | 3.03% | 3.40% | 2.80% | 2.91% | 3.22% |
Frequently Asked Questions
PXE and VYM have a correlation of 0.19, 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 VYM (3.02%). In terms of maximum drawdown, PXE dropped -83.99% vs VYM's -56.98%.
On 10-year performance, VYM leads with 11.98% vs 8.16% for PXE. On fees, VYM is cheaper at 0.04% per year. On volatility, VYM has been the lower-risk option at 3.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VYM has performed better with a 11.98% return vs 8.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VYM is cheaper with a 0.04% expense ratio, compared with 0.63% for PXE.
VYM has the higher dividend yield at 2.30%, compared with 1.94% for PXE.
PXE is categorized as Energy Equities, while VYM is Dividend. PXE tracks Dynamic Energy Exploration & Production Intellidex Index, while VYM tracks FTSE High Dividend Yield Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.63% for PXE and 0.04% for VYM.
VYM currently has the higher Sharpe Ratio (2.33 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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