Correlation
The correlation between PXJ and PXE is 0.58, 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.
PXJ vs. PXE
Compare and contrast key facts about Invesco Dynamic Oil & Gas Services ETF (PXJ) and Invesco Dynamic Energy Exploration & Production ETF (PXE).
PXJ and PXE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. PXE is a passively managed fund by Invesco that tracks the performance of the Dynamic Energy Exploration & Production Intellidex Index. It was launched on Oct 26, 2005. Both PXJ and PXE 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: PXJ or PXE.
Performance
PXJ vs. PXE - Performance Comparison
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Key characteristics
PXJ:
-0.77
PXE:
-0.56
PXJ:
-0.98
PXE:
-0.64
PXJ:
0.87
PXE:
0.91
PXJ:
-0.33
PXE:
-0.51
PXJ:
-1.55
PXE:
-1.44
PXJ:
17.94%
PXE:
13.43%
PXJ:
35.11%
PXE:
32.56%
PXJ:
-94.88%
PXE:
-83.99%
PXJ:
-82.61%
PXE:
-26.02%
Returns By Period
In the year-to-date period, PXJ achieves a -16.23% return, which is significantly lower than PXE's -8.45% return. Over the past 10 years, PXJ has underperformed PXE with an annualized return of -10.66%, while PXE has yielded a comparatively higher 1.90% annualized return.
PXJ
-16.23%
3.84%
-21.80%
-28.08%
1.71%
15.61%
-10.66%
PXE
-8.45%
7.98%
-15.16%
-19.84%
-3.94%
26.85%
1.90%
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PXJ vs. PXE - Expense Ratio Comparison
Both PXJ and PXE have an expense ratio of 0.63%.
Risk-Adjusted Performance
PXJ vs. PXE — Risk-Adjusted Performance Rank
PXJ
PXE
PXJ vs. PXE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Oil & Gas Services ETF (PXJ) and Invesco Dynamic Energy Exploration & Production ETF (PXE). 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.
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Dividends
PXJ vs. PXE - Dividend Comparison
PXJ's dividend yield for the trailing twelve months is around 4.09%, more than PXE's 2.90% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXJ Invesco Dynamic Oil & Gas Services ETF | 4.09% | 3.33% | 2.00% | 0.66% | 2.38% | 4.73% | 0.39% | 1.02% | 2.76% | 1.19% | 2.36% | 1.12% |
PXE Invesco Dynamic Energy Exploration & Production ETF | 2.90% | 2.54% | 2.79% | 3.04% | 1.86% | 4.10% | 1.70% | 1.28% | 1.55% | 6.62% | 2.58% | 2.05% |
Drawdowns
PXJ vs. PXE - Drawdown Comparison
The maximum PXJ drawdown since its inception was -94.88%, which is greater than PXE's maximum drawdown of -83.99%. Use the drawdown chart below to compare losses from any high point for PXJ and PXE.
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Volatility
PXJ vs. PXE - Volatility Comparison
The current volatility for Invesco Dynamic Oil & Gas Services ETF (PXJ) is 7.14%, while Invesco Dynamic Energy Exploration & Production ETF (PXE) has a volatility of 7.87%. This indicates that PXJ experiences smaller price fluctuations and is considered to be less risky than PXE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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