PXJ vs. BKGI

Last updated Aug 2, 2026

PXJ (Invesco Dynamic Oil & Gas Services ETF) and BKGI (Bny Mellon Global Infrastructure Income ETF) are both exchange-traded funds - PXJ is a Energy Equities fund tracking the Dynamic Oil & Gas Services Intellidex Index, while BKGI is a Infrastructure Equities fund actively managed by BNY Mellon. PXJ is passively managed, while BKGI is actively managed. Over the past 3 years, PXJ returned 16.40%/yr vs 21.24%/yr for BKGI. Their 0.36 correlation means their historical movements had little consistent relationship. PXJ charges 0.63%/yr vs 0.65%/yr for BKGI.

Performance

PXJ vs. BKGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dynamic Oil & Gas Services ETF (PXJ) and Bny Mellon Global Infrastructure Income ETF (BKGI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PXJ achieves a 46.85% return, which is significantly higher than BKGI's 14.23% return.

PXJ

• 1D: 2.51%
• 1M: 10.36%
• 6M: 21.41%
• YTD: 46.85%
• 1Y: 78.26%
• 3Y*: 16.40%
• 5Y*: 23.04%
• 10Y*: 0.28%
• ALL TIME*: -1.70%

BKGI

• 1D: -0.29%
• 1M: 1.55%
• 6M: 8.99%
• YTD: 14.23%
• 1Y: 20.08%
• 3Y*: 21.24%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.98%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BKGI Bny Mellon Global Infrastructure Income ETF	$18.95M	$14.99M	$11.61M
PXJ Invesco Dynamic Oil & Gas Services ETF	$722.42K	$1.28M	$1.87M

PXJ vs. BKGI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PXJ Invesco Dynamic Oil & Gas Services ETF	46.85%	8.74%	0.21%	14.44%	5.27%
BKGI Bny Mellon Global Infrastructure Income ETF	14.23%	37.53%	12.35%	9.72%	8.54%

Correlation

The correlation between PXJ and BKGI is 0.32, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.32
Correlation (3Y) Balances recent behavior with more history.	0.31
Correlation (All Time) Calculated using the full available price history since Nov 3, 2022	0.36

PXJ vs. BKGI - Sectors Allocation Comparison

Sectors	PXJ	BKGI
Energy	74.8%	21.1%
Industrials	14.7%	11.5%
Utilities	2.1%	46.0%
Financial Services	0.2%	-
Basic Materials	-	-
Communication Services	-	2.5%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	19.0%
Technology	-	-

Return for Risk

PXJ vs. BKGI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PXJ

PXJ Risk / Return Rank: 92
PXJ Sharpe Ratio Rank: 95
PXJ Sortino Ratio Rank: 93
PXJ Omega Ratio Rank: 91
PXJ Calmar Ratio Rank: 91
PXJ Martin Ratio Rank: 88

BKGI

BKGI Risk / Return Rank: 80
BKGI Sharpe Ratio Rank: 79
BKGI Sortino Ratio Rank: 78
BKGI Omega Ratio Rank: 78
BKGI Calmar Ratio Rank: 86
BKGI Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PXJ vs. BKGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Oil & Gas Services ETF (PXJ) and Bny Mellon Global Infrastructure Income ETF (BKGI). 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.

	PXJ	BKGI	Difference
Sharpe ratio: Return per unit of total volatility	2.81	1.80	+1.01
Sortino ratio: Return per unit of downside risk	3.52	2.51	+1.01
Omega ratio: Gain probability vs. loss probability	1.44	1.32	+0.11
Calmar ratio: Return relative to maximum drawdown	3.99	3.38	+0.61
Martin ratio: Return relative to average drawdown	13.19	10.08	+3.10

PXJ vs. BKGI - Sharpe Ratio Comparison

The current PXJ Sharpe Ratio is 2.81, which is higher than the BKGI Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of PXJ and BKGI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PXJ vs. BKGI - Drawdown Comparison

The maximum PXJ drawdown since its inception was -94.82%, which is greater than BKGI's maximum drawdown of -14.79%. Use the drawdown chart below to compare losses from any high point for PXJ and BKGI.

Drawdown Indicators

	PXJ	BKGI	Difference
Max Drawdown Largest peak-to-trough decline	-94.82%	-14.79%	-80.03%
Max Drawdown (1Y) Largest decline over 1 year	-18.39%	-6.16%	-12.23%
Max Drawdown (3Y) Largest decline over 3 years	-40.03%	-11.37%	-28.66%
Max Drawdown (5Y) Largest decline over 5 years	-40.03%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-87.72%	—	—
Current Drawdown Current decline from peak	-66.44%	-1.78%	-64.66%
Average Drawdown Average peak-to-trough decline	-55.75%	-2.54%	-53.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.56%	2.06%	+3.50%

Volatility

PXJ vs. BKGI - Volatility Comparison

Invesco Dynamic Oil & Gas Services ETF (PXJ) has a higher volatility of 7.30% compared to Bny Mellon Global Infrastructure Income ETF (BKGI) at 3.04%. This indicates that PXJ's price experiences larger fluctuations and is considered to be riskier than BKGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PXJ	BKGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.30%	3.04%	+4.26%
Volatility (6M) Calculated over the trailing 6-month period	19.19%	9.55%	+9.64%
Volatility (1Y) Calculated over the trailing 1-year period	26.25%	11.58%	+14.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.14%	13.95%	+20.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.16%	13.95%	+25.21%

PXJ vs. BKGI - Expense Ratio Comparison

PXJ has a 0.63% expense ratio, which is lower than BKGI's 0.65% expense ratio.

Dividends

PXJ vs. BKGI - Dividend Comparison

PXJ's dividend yield for the trailing twelve months is around 2.38%, less than BKGI's 2.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKGI Bny Mellon Global Infrastructure Income ETF	2.89%	2.65%	4.55%	4.55%	0.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PXJ Invesco Dynamic Oil & Gas Services ETF	2.38%	2.91%	3.34%	1.99%	0.65%	2.40%	4.72%	1.87%	0.99%	2.75%	1.18%	2.36%

Frequently Asked Questions

Can I hold both PXJ and BKGI in my portfolio?

PXJ and BKGI have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PXJ or BKGI?

PXJ has higher volatility (7.30%) compared to BKGI (3.04%). In terms of maximum drawdown, PXJ dropped -94.82% vs BKGI's -14.79%.

Which ETF is better, PXJ or BKGI?

On 3-year performance, BKGI leads with 21.24% vs 16.40% for PXJ. On fees, PXJ is cheaper at 0.63% per year. On volatility, BKGI has been the lower-risk option at 3.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PXJ or BKGI?

Over the 3-year period, BKGI has performed better with a 21.24% return vs 16.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PXJ or BKGI?

PXJ is cheaper with a 0.63% expense ratio, compared with 0.65% for BKGI.

Which ETF pays a higher dividend yield, PXJ or BKGI?

BKGI has the higher dividend yield at 2.89%, compared with 2.38% for PXJ.

What is the main difference between PXJ and BKGI?

PXJ is categorized as Energy Equities, while BKGI is Infrastructure Equities. They also come from different issuers: Invesco and BNY Mellon. Their fees differ too: 0.63% for PXJ and 0.65% for BKGI.

Which has better risk-adjusted returns?

PXJ currently has the higher Sharpe Ratio (2.81 vs 1.80), 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.