PXI vs. HLAL
Compare and contrast key facts about Invesco DWA Energy Momentum ETF (PXI) and Wahed FTSE USA Shariah ETF (HLAL).
PXI and HLAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PXI is a passively managed fund by Invesco that tracks the performance of the Dynamic Energy Sector Intellidex Index. It was launched on Oct 12, 2006. HLAL is a passively managed fund by Wahed that tracks the performance of the FTSE Shariah USA Index. It was launched on Jul 16, 2019. Both PXI and HLAL 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: PXI or HLAL.
Key characteristics
| PXI | HLAL | |
|---|---|---|
| YTD Return | 10.96% | 17.03% |
| 1Y Return | 18.16% | 25.39% |
| 3Y Return (Ann) | 15.89% | 9.68% |
| 5Y Return (Ann) | 15.48% | 16.41% |
| Sharpe Ratio | 0.86 | 2.11 |
| Sortino Ratio | 1.28 | 2.79 |
| Omega Ratio | 1.16 | 1.38 |
| Calmar Ratio | 0.74 | 2.97 |
| Martin Ratio | 2.60 | 11.15 |
| Ulcer Index | 7.71% | 2.47% |
| Daily Std Dev | 23.34% | 12.94% |
| Max Drawdown | -85.08% | -33.57% |
| Current Drawdown | -12.23% | 0.00% |
Correlation
The correlation between PXI and HLAL is 0.45, 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
PXI vs. HLAL - Performance Comparison
In the year-to-date period, PXI achieves a 10.96% return, which is significantly lower than HLAL's 17.03% 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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PXI vs. HLAL - Expense Ratio Comparison
PXI has a 0.60% expense ratio, which is higher than HLAL's 0.50% expense ratio.
Risk-Adjusted Performance
PXI vs. HLAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Energy Momentum ETF (PXI) and Wahed FTSE USA Shariah ETF (HLAL). 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
PXI vs. HLAL - Dividend Comparison
PXI's dividend yield for the trailing twelve months is around 1.31%, more than HLAL's 0.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXI Invesco DWA Energy Momentum ETF | 1.31% | 1.82% | 3.14% | 0.57% | 1.73% | 2.80% | 0.93% | 0.80% | 0.73% | 2.06% | 1.15% | 0.75% |
HLAL Wahed FTSE USA Shariah ETF | 0.69% | 0.72% | 1.15% | 0.78% | 0.97% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PXI vs. HLAL - Drawdown Comparison
The maximum PXI drawdown since its inception was -85.08%, which is greater than HLAL's maximum drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for PXI and HLAL. For additional features, visit the drawdowns tool.
Volatility
PXI vs. HLAL - Volatility Comparison
Invesco DWA Energy Momentum ETF (PXI) has a higher volatility of 8.64% compared to Wahed FTSE USA Shariah ETF (HLAL) at 4.19%. This indicates that PXI's price experiences larger fluctuations and is considered to be riskier than HLAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.