PXJ vs. GXPE
PXJ (Invesco Dynamic Oil & Gas Services ETF) and GXPE (Global X PureCap MSCI Energy ETF) are both Energy Equities funds - PXJ tracks the Dynamic Oil & Gas Services Intellidex Index while GXPE tracks the MSCI USA Energy PureCap Index. Both are passively managed. A 0.64 correlation means they provide meaningful diversification when combined. PXJ charges 0.63%/yr vs 0.15%/yr for GXPE.
Performance
PXJ vs. GXPE - Performance Comparison
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Returns By Period
In the year-to-date period, PXJ achieves a 46.18% return, which is significantly higher than GXPE's 31.18% return.
PXJ
- 1D
- -0.58%
- 1M
- -6.26%
- YTD
- 46.18%
- 6M
- 38.54%
- 1Y
- 82.76%
- 3Y*
- 24.79%
- 5Y*
- 17.27%
- 10Y*
- -0.80%
GXPE
- 1D
- 1.65%
- 1M
- -1.13%
- YTD
- 31.18%
- 6M
- 29.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PXJ vs. GXPE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PXJ Invesco Dynamic Oil & Gas Services ETF | 46.18% | 15.43% |
GXPE Global X PureCap MSCI Energy ETF | 31.18% | 4.62% |
Correlation
The correlation between PXJ and GXPE is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025 | 0.64 |
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Return for Risk
PXJ vs. GXPE — Risk / Return Rank
PXJ
GXPE
PXJ vs. GXPE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Oil & Gas Services ETF (PXJ) and Global X PureCap MSCI Energy ETF (GXPE). 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 | GXPE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.48 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 8.24 | — | — |
| Martin ratioReturn relative to average drawdown | 23.98 | — | — |
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 | GXPE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.17 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.02 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 2.18 | -2.23 |
Drawdowns
PXJ vs. GXPE - Drawdown Comparison
The maximum PXJ drawdown since its inception was -94.82%, which is greater than GXPE's maximum drawdown of -12.37%. Use the drawdown chart below to compare losses from any high point for PXJ and GXPE.
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Drawdown Indicators
| PXJ | GXPE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.82% | -12.37% | -82.45% |
Max Drawdown (1Y)Largest decline over 1 year | -10.10% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -40.03% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -40.03% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -87.72% | — | — |
Current DrawdownCurrent decline from peak | -66.60% | -6.88% | -59.72% |
Average DrawdownAverage peak-to-trough decline | -55.67% | -3.21% | -52.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | — | — |
Volatility
PXJ vs. GXPE - Volatility Comparison
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Volatility by Period
| PXJ | GXPE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.75% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 18.30% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 26.41% | 20.42% | +5.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.57% | 20.42% | +14.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.47% | 20.42% | +19.05% |
PXJ vs. GXPE - Expense Ratio Comparison
PXJ has a 0.63% expense ratio, which is higher than GXPE's 0.15% expense ratio.
Dividends
PXJ vs. GXPE - Dividend Comparison
PXJ's dividend yield for the trailing twelve months is around 2.21%, more than GXPE's 0.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXPE Global X PureCap MSCI Energy ETF | 0.92% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PXJ Invesco Dynamic Oil & Gas Services ETF | 2.21% | 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
PXJ and GXPE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GXPE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXPE is cheaper with a 0.15% expense ratio, compared with 0.63% for PXJ.
PXJ has the higher dividend yield at 2.21%, compared with 0.92% for GXPE.
PXJ tracks Dynamic Oil & Gas Services Intellidex Index, while GXPE tracks MSCI USA Energy PureCap Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.63% for PXJ and 0.15% for GXPE.
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