PXJ vs. VOO
Compare and contrast key facts about Invesco Dynamic Oil & Gas Services ETF (PXJ) and Vanguard S&P 500 ETF (VOO).
PXJ and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both PXJ and VOO 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 VOO.
Key characteristics
| PXJ | VOO | |
|---|---|---|
| YTD Return | 5.84% | 26.88% |
| 1Y Return | 4.61% | 37.59% |
| 3Y Return (Ann) | 20.98% | 10.23% |
| 5Y Return (Ann) | 7.94% | 15.93% |
| 10Y Return (Ann) | -10.25% | 13.41% |
| Sharpe Ratio | 0.21 | 3.06 |
| Sortino Ratio | 0.47 | 4.08 |
| Omega Ratio | 1.06 | 1.58 |
| Calmar Ratio | 0.07 | 4.43 |
| Martin Ratio | 0.69 | 20.25 |
| Ulcer Index | 7.82% | 1.85% |
| Daily Std Dev | 25.49% | 12.23% |
| Max Drawdown | -94.88% | -33.99% |
| Current Drawdown | -78.08% | -0.30% |
Correlation
The correlation between PXJ and VOO is 0.54, 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.
Performance
PXJ vs. VOO - Performance Comparison
In the year-to-date period, PXJ achieves a 5.84% return, which is significantly lower than VOO's 26.88% return. Over the past 10 years, PXJ has underperformed VOO with an annualized return of -10.25%, while VOO has yielded a comparatively higher 13.41% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PXJ vs. VOO - Expense Ratio Comparison
PXJ has a 0.63% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
PXJ vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Oil & Gas Services ETF (PXJ) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
PXJ vs. VOO - Dividend Comparison
PXJ's dividend yield for the trailing twelve months is around 2.91%, more than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXJ Invesco Dynamic Oil & Gas Services ETF | 2.91% | 2.00% | 0.66% | 2.38% | 4.73% | 0.39% | 1.02% | 2.76% | 1.19% | 2.36% | 1.12% | 0.34% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
PXJ vs. VOO - Drawdown Comparison
The maximum PXJ drawdown since its inception was -94.88%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PXJ and VOO. For additional features, visit the drawdowns tool.
Volatility
PXJ vs. VOO - Volatility Comparison
Invesco Dynamic Oil & Gas Services ETF (PXJ) has a higher volatility of 10.66% compared to Vanguard S&P 500 ETF (VOO) at 3.89%. This indicates that PXJ's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.