PXJ vs. XES
Compare and contrast key facts about Invesco Dynamic Oil & Gas Services ETF (PXJ) and SPDR S&P Oil & Gas Equipment & Services ETF (XES).
PXJ and XES 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. XES is a passively managed fund by State Street that tracks the performance of the S&P Oil & Gas Equipment & Services Select Industry Index. It was launched on Jun 19, 2006. Both PXJ and XES 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 XES.
Key characteristics
| PXJ | XES | |
|---|---|---|
| YTD Return | 5.84% | 1.47% |
| 1Y Return | 4.61% | 0.74% |
| 3Y Return (Ann) | 20.98% | 15.67% |
| 5Y Return (Ann) | 7.94% | 6.23% |
| 10Y Return (Ann) | -10.25% | -11.99% |
| Sharpe Ratio | 0.21 | 0.05 |
| Sortino Ratio | 0.47 | 0.28 |
| Omega Ratio | 1.06 | 1.03 |
| Calmar Ratio | 0.07 | 0.02 |
| Martin Ratio | 0.69 | 0.15 |
| Ulcer Index | 7.82% | 10.16% |
| Daily Std Dev | 25.49% | 29.78% |
| Max Drawdown | -94.88% | -95.65% |
| Current Drawdown | -78.08% | -80.43% |
Correlation
The correlation between PXJ and XES is 0.97, 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.
Performance
PXJ vs. XES - Performance Comparison
In the year-to-date period, PXJ achieves a 5.84% return, which is significantly higher than XES's 1.47% return. Over the past 10 years, PXJ has outperformed XES with an annualized return of -10.25%, while XES has yielded a comparatively lower -11.99% 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. XES - Expense Ratio Comparison
PXJ has a 0.63% expense ratio, which is higher than XES's 0.35% expense ratio.
Risk-Adjusted Performance
PXJ vs. XES - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Oil & Gas Services ETF (PXJ) and SPDR S&P Oil & Gas Equipment & Services ETF (XES). 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. XES - Dividend Comparison
PXJ's dividend yield for the trailing twelve months is around 2.91%, more than XES's 1.12% 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% |
XES SPDR S&P Oil & Gas Equipment & Services ETF | 1.12% | 0.66% | 0.36% | 1.81% | 1.33% | 1.43% | 1.15% | 1.68% | 0.64% | 2.47% | 1.60% | 0.63% |
Drawdowns
PXJ vs. XES - Drawdown Comparison
The maximum PXJ drawdown since its inception was -94.88%, roughly equal to the maximum XES drawdown of -95.65%. Use the drawdown chart below to compare losses from any high point for PXJ and XES. For additional features, visit the drawdowns tool.
Volatility
PXJ vs. XES - Volatility Comparison
The current volatility for Invesco Dynamic Oil & Gas Services ETF (PXJ) is 10.66%, while SPDR S&P Oil & Gas Equipment & Services ETF (XES) has a volatility of 11.41%. This indicates that PXJ experiences smaller price fluctuations and is considered to be less risky than XES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.