PXJ vs. FNARX
Compare and contrast key facts about Invesco Dynamic Oil & Gas Services ETF (PXJ) and Fidelity Natural Resources Fund (FNARX).
PXJ is a passively managed fund by Invesco that tracks the performance of the Dynamic Oil & Gas Services Intellidex Index. It was launched on Oct 26, 2005. FNARX is managed by Fidelity. It was launched on Mar 3, 1997.
Performance
PXJ vs. FNARX - Performance Comparison
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PXJ vs. FNARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PXJ Invesco Dynamic Oil & Gas Services ETF | 41.95% | 8.74% | 0.21% | 14.44% | 62.25% | 11.28% | -44.31% | -0.32% | -39.82% | -23.08% |
FNARX Fidelity Natural Resources Fund | 28.78% | 28.67% | 3.76% | 6.41% | 41.01% | 39.34% | -20.86% | 19.09% | -24.28% | -0.11% |
Returns By Period
In the year-to-date period, PXJ achieves a 41.95% return, which is significantly higher than FNARX's 28.78% return. Over the past 10 years, PXJ has underperformed FNARX with an annualized return of -0.61%, while FNARX has yielded a comparatively higher 12.63% annualized return.
PXJ
- 1D
- 0.87%
- 1M
- -0.41%
- YTD
- 41.95%
- 6M
- 54.34%
- 1Y
- 66.96%
- 3Y*
- 21.90%
- 5Y*
- 21.74%
- 10Y*
- -0.61%
FNARX
- 1D
- -0.38%
- 1M
- 3.25%
- YTD
- 28.78%
- 6M
- 33.09%
- 1Y
- 51.16%
- 3Y*
- 21.69%
- 5Y*
- 25.38%
- 10Y*
- 12.63%
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PXJ vs. FNARX - Expense Ratio Comparison
PXJ has a 0.63% expense ratio, which is lower than FNARX's 0.82% expense ratio.
Return for Risk
PXJ vs. FNARX — Risk / Return Rank
PXJ
FNARX
PXJ vs. FNARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Oil & Gas Services ETF (PXJ) and Fidelity Natural Resources Fund (FNARX). 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.
| PXJ | FNARX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.94 | 2.40 | -0.46 |
Sortino ratioReturn per unit of downside risk | 2.38 | 2.93 | -0.55 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.45 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.75 | 2.97 | -0.23 |
Martin ratioReturn relative to average drawdown | 9.91 | 13.95 | -4.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PXJ | FNARX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | 2.40 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 1.01 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.02 | 0.47 | -0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.31 | -0.36 |
Correlation
The correlation between PXJ and FNARX is 0.89, 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.
Dividends
PXJ vs. FNARX - Dividend Comparison
PXJ's dividend yield for the trailing twelve months is around 2.27%, more than FNARX's 1.47% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXJ Invesco Dynamic Oil & Gas Services ETF | 2.27% | 2.91% | 3.34% | 1.99% | 0.65% | 2.40% | 4.72% | 1.87% | 0.99% | 2.75% | 1.18% | 2.36% |
FNARX Fidelity Natural Resources Fund | 1.47% | 1.89% | 1.51% | 1.60% | 2.42% | 1.46% | 1.79% | 1.42% | 1.17% | 1.38% | 0.62% | 0.78% |
Drawdowns
PXJ vs. FNARX - Drawdown Comparison
The maximum PXJ drawdown since its inception was -94.82%, which is greater than FNARX's maximum drawdown of -71.04%. Use the drawdown chart below to compare losses from any high point for PXJ and FNARX.
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Drawdown Indicators
| PXJ | FNARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.82% | -71.04% | -23.78% |
Max Drawdown (1Y)Largest decline over 1 year | -24.32% | -16.94% | -7.38% |
Max Drawdown (5Y)Largest decline over 5 years | -40.03% | -29.93% | -10.10% |
Max Drawdown (10Y)Largest decline over 10 years | -87.72% | -64.10% | -23.62% |
Current DrawdownCurrent decline from peak | -67.56% | -0.38% | -67.18% |
Average DrawdownAverage peak-to-trough decline | -55.58% | -20.15% | -35.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.75% | 3.61% | +3.14% |
Volatility
PXJ vs. FNARX - Volatility Comparison
Invesco Dynamic Oil & Gas Services ETF (PXJ) has a higher volatility of 8.38% compared to Fidelity Natural Resources Fund (FNARX) at 5.02%. This indicates that PXJ's price experiences larger fluctuations and is considered to be riskier than FNARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PXJ | FNARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.38% | 5.02% | +3.36% |
Volatility (6M)Calculated over the trailing 6-month period | 19.10% | 14.01% | +5.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.71% | 21.77% | +12.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.21% | 25.17% | +10.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.60% | 27.08% | +12.52% |