PXI vs. XEG.TO
Compare and contrast key facts about Invesco DWA Energy Momentum ETF (PXI) and iShares S&P/TSX Capped Energy Index ETF (XEG.TO).
PXI and XEG.TO 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. XEG.TO is a passively managed fund by iShares that tracks the performance of the S&P/TSX Capped Energy Index. It was launched on Mar 19, 2001. Both PXI and XEG.TO 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 XEG.TO.
Key characteristics
| PXI | XEG.TO | |
|---|---|---|
| YTD Return | 10.96% | 16.93% |
| 1Y Return | 18.16% | 9.40% |
| 3Y Return (Ann) | 15.89% | 23.07% |
| 5Y Return (Ann) | 15.48% | 19.71% |
| 10Y Return (Ann) | 1.14% | 3.66% |
| Sharpe Ratio | 0.86 | 0.51 |
| Sortino Ratio | 1.28 | 0.82 |
| Omega Ratio | 1.16 | 1.10 |
| Calmar Ratio | 0.74 | 0.48 |
| Martin Ratio | 2.60 | 1.61 |
| Ulcer Index | 7.71% | 7.14% |
| Daily Std Dev | 23.34% | 22.51% |
| Max Drawdown | -85.08% | -87.73% |
| Current Drawdown | -12.23% | -8.76% |
Correlation
The correlation between PXI and XEG.TO is 0.82, 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.
Performance
PXI vs. XEG.TO - Performance Comparison
In the year-to-date period, PXI achieves a 10.96% return, which is significantly lower than XEG.TO's 16.93% return. Over the past 10 years, PXI has underperformed XEG.TO with an annualized return of 1.14%, while XEG.TO has yielded a comparatively higher 3.66% 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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PXI vs. XEG.TO - Expense Ratio Comparison
PXI has a 0.60% expense ratio, which is lower than XEG.TO's 0.61% expense ratio.
Risk-Adjusted Performance
PXI vs. XEG.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Energy Momentum ETF (PXI) and iShares S&P/TSX Capped Energy Index ETF (XEG.TO). 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. XEG.TO - Dividend Comparison
PXI's dividend yield for the trailing twelve months is around 1.31%, less than XEG.TO's 2.98% 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% |
XEG.TO iShares S&P/TSX Capped Energy Index ETF | 2.98% | 4.26% | 3.31% | 1.64% | 2.96% | 2.70% | 2.25% | 1.41% | 1.40% | 3.58% | 2.56% | 2.32% |
Drawdowns
PXI vs. XEG.TO - Drawdown Comparison
The maximum PXI drawdown since its inception was -85.08%, roughly equal to the maximum XEG.TO drawdown of -87.73%. Use the drawdown chart below to compare losses from any high point for PXI and XEG.TO. For additional features, visit the drawdowns tool.
Volatility
PXI vs. XEG.TO - Volatility Comparison
Invesco DWA Energy Momentum ETF (PXI) has a higher volatility of 8.64% compared to iShares S&P/TSX Capped Energy Index ETF (XEG.TO) at 6.61%. This indicates that PXI's price experiences larger fluctuations and is considered to be riskier than XEG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.