PXE vs. XLE
Compare and contrast key facts about Invesco Dynamic Energy Exploration & Production ETF (PXE) and Energy Select Sector SPDR Fund (XLE).
PXE and XLE 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. XLE is a passively managed fund by State Street that tracks the performance of the Energy Select Sector Index. It was launched on Dec 16, 1998. Both PXE and XLE 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 XLE.
Performance
PXE vs. XLE - Performance Comparison
Returns By Period
In the year-to-date period, PXE achieves a 2.70% return, which is significantly lower than XLE's 15.77% return. Over the past 10 years, PXE has underperformed XLE with an annualized return of 3.08%, while XLE has yielded a comparatively higher 5.03% annualized return.
PXE
2.70%
3.00%
-8.81%
4.25%
18.48%
3.08%
XLE
15.77%
5.01%
1.39%
18.13%
14.98%
5.03%
Key characteristics
| PXE | XLE | |
|---|---|---|
| Sharpe Ratio | 0.06 | 0.89 |
| Sortino Ratio | 0.23 | 1.30 |
| Omega Ratio | 1.03 | 1.16 |
| Calmar Ratio | 0.06 | 1.19 |
| Martin Ratio | 0.12 | 2.77 |
| Ulcer Index | 11.15% | 5.71% |
| Daily Std Dev | 22.64% | 17.79% |
| Max Drawdown | -83.99% | -71.54% |
| Current Drawdown | -15.44% | -1.84% |
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PXE vs. XLE - Expense Ratio Comparison
PXE has a 0.63% expense ratio, which is higher than XLE's 0.13% expense ratio.
Correlation
The correlation between PXE and XLE is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
PXE vs. XLE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Energy Exploration & Production ETF (PXE) and Energy Select Sector SPDR Fund (XLE). 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. XLE - Dividend Comparison
PXE's dividend yield for the trailing twelve months is around 2.59%, less than XLE's 3.14% 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% |
XLE Energy Select Sector SPDR Fund | 3.14% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% | 1.73% |
Drawdowns
PXE vs. XLE - Drawdown Comparison
The maximum PXE drawdown since its inception was -83.99%, which is greater than XLE's maximum drawdown of -71.54%. Use the drawdown chart below to compare losses from any high point for PXE and XLE. For additional features, visit the drawdowns tool.
Volatility
PXE vs. XLE - Volatility Comparison
Invesco Dynamic Energy Exploration & Production ETF (PXE) has a higher volatility of 7.55% compared to Energy Select Sector SPDR Fund (XLE) at 4.84%. This indicates that PXE's price experiences larger fluctuations and is considered to be riskier than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.