PXJ vs. RNWZ
Compare and contrast key facts about Invesco Dynamic Oil & Gas Services ETF (PXJ) and TrueShares Eagle Global Renewable Energy Income ETF (RNWZ).
PXJ and RNWZ 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. RNWZ is an actively managed fund by TrueShares. It was launched on Dec 7, 2022.
Performance
PXJ vs. RNWZ - Performance Comparison
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PXJ vs. RNWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PXJ Invesco Dynamic Oil & Gas Services ETF | 39.53% | 8.74% | 0.21% | 14.44% | 11.68% |
RNWZ TrueShares Eagle Global Renewable Energy Income ETF | 17.03% | 36.33% | -7.36% | -3.89% | -0.19% |
Returns By Period
In the year-to-date period, PXJ achieves a 39.53% return, which is significantly higher than RNWZ's 17.03% return.
PXJ
- 1D
- -1.70%
- 1M
- -2.92%
- YTD
- 39.53%
- 6M
- 49.38%
- 1Y
- 62.04%
- 3Y*
- 21.21%
- 5Y*
- 21.33%
- 10Y*
- -0.78%
RNWZ
- 1D
- 0.87%
- 1M
- 1.41%
- YTD
- 17.03%
- 6M
- 23.93%
- 1Y
- 49.02%
- 3Y*
- 12.52%
- 5Y*
- —
- 10Y*
- —
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PXJ vs. RNWZ - Expense Ratio Comparison
PXJ has a 0.63% expense ratio, which is lower than RNWZ's 0.75% expense ratio.
Return for Risk
PXJ vs. RNWZ — Risk / Return Rank
PXJ
RNWZ
PXJ vs. RNWZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Oil & Gas Services ETF (PXJ) and TrueShares Eagle Global Renewable Energy Income ETF (RNWZ). 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 | RNWZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.79 | 2.92 | -1.13 |
Sortino ratioReturn per unit of downside risk | 2.25 | 3.72 | -1.47 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.55 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 2.64 | 4.92 | -2.29 |
Martin ratioReturn relative to average drawdown | 9.50 | 20.51 | -11.01 |
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 | RNWZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 2.92 | -1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | — | — |
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 | 0.66 | -0.72 |
Correlation
The correlation between PXJ and RNWZ is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PXJ vs. RNWZ - Dividend Comparison
PXJ's dividend yield for the trailing twelve months is around 2.31%, more than RNWZ's 1.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXJ Invesco Dynamic Oil & Gas Services ETF | 2.31% | 2.91% | 3.34% | 1.99% | 0.65% | 2.40% | 4.72% | 1.87% | 0.99% | 2.75% | 1.18% | 2.36% |
RNWZ TrueShares Eagle Global Renewable Energy Income ETF | 1.91% | 2.12% | 2.36% | 3.87% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PXJ vs. RNWZ - Drawdown Comparison
The maximum PXJ drawdown since its inception was -94.82%, which is greater than RNWZ's maximum drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for PXJ and RNWZ.
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Drawdown Indicators
| PXJ | RNWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.82% | -24.90% | -69.92% |
Max Drawdown (1Y)Largest decline over 1 year | -24.32% | -9.98% | -14.34% |
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 | -68.12% | 0.00% | -68.12% |
Average DrawdownAverage peak-to-trough decline | -55.59% | -7.43% | -48.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.75% | 2.40% | +4.35% |
Volatility
PXJ vs. RNWZ - Volatility Comparison
Invesco Dynamic Oil & Gas Services ETF (PXJ) has a higher volatility of 8.26% compared to TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) at 5.95%. This indicates that PXJ's price experiences larger fluctuations and is considered to be riskier than RNWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PXJ | RNWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.26% | 5.95% | +2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 19.12% | 10.85% | +8.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.76% | 16.87% | +17.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.21% | 16.87% | +18.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.60% | 16.87% | +22.73% |