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PXJ vs. XES
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PXJ and XES is 0.57, 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. XES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dynamic Oil & Gas Services ETF (PXJ) and SPDR S&P Oil & Gas Equipment & Services ETF (XES). The values are adjusted to include any dividend payments, if applicable.

-75.00%-70.00%-65.00%-60.00%December2025FebruaryMarchAprilMay
-69.87%
-74.73%
PXJ
XES

Key characteristics

Sharpe Ratio

PXJ:

-0.67

XES:

-0.79

Sortino Ratio

PXJ:

-0.77

XES:

-0.96

Omega Ratio

PXJ:

0.90

XES:

0.87

Calmar Ratio

PXJ:

-0.27

XES:

-0.36

Martin Ratio

PXJ:

-1.45

XES:

-1.59

Ulcer Index

PXJ:

16.17%

XES:

19.60%

Daily Std Dev

PXJ:

35.05%

XES:

39.80%

Max Drawdown

PXJ:

-94.88%

XES:

-95.65%

Current Drawdown

PXJ:

-83.16%

XES:

-86.25%

Returns By Period

In the year-to-date period, PXJ achieves a -18.90% return, which is significantly higher than XES's -24.63% return. Over the past 10 years, PXJ has outperformed XES with an annualized return of -11.33%, while XES has yielded a comparatively lower -13.81% annualized return.


PXJ

YTD

-18.90%

1M

9.55%

6M

-17.24%

1Y

-25.55%

5Y*

19.31%

10Y*

-11.33%

XES

YTD

-24.63%

1M

6.42%

6M

-23.35%

1Y

-33.41%

5Y*

19.33%

10Y*

-13.81%

*Annualized

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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 Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PXJ
The Risk-Adjusted Performance Rank of PXJ is 33
Overall Rank
The Sharpe Ratio Rank of PXJ is 22
Sharpe Ratio Rank
The Sortino Ratio Rank of PXJ is 22
Sortino Ratio Rank
The Omega Ratio Rank of PXJ is 22
Omega Ratio Rank
The Calmar Ratio Rank of PXJ is 66
Calmar Ratio Rank
The Martin Ratio Rank of PXJ is 11
Martin Ratio Rank

XES
The Risk-Adjusted Performance Rank of XES is 22
Overall Rank
The Sharpe Ratio Rank of XES is 11
Sharpe Ratio Rank
The Sortino Ratio Rank of XES is 22
Sortino Ratio Rank
The Omega Ratio Rank of XES is 11
Omega Ratio Rank
The Calmar Ratio Rank of XES is 44
Calmar Ratio Rank
The Martin Ratio Rank of XES is 11
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current PXJ Sharpe Ratio is -0.67, which is comparable to the XES Sharpe Ratio of -0.79. The chart below compares the historical Sharpe Ratios of PXJ and XES, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.50December2025FebruaryMarchAprilMay
-0.67
-0.79
PXJ
XES

Dividends

PXJ vs. XES - Dividend Comparison

PXJ's dividend yield for the trailing twelve months is around 4.22%, more than XES's 1.98% yield.


TTM20242023202220212020201920182017201620152014
PXJ
Invesco Dynamic Oil & Gas Services ETF
4.22%3.33%2.00%0.66%2.38%4.73%0.39%1.02%2.76%1.19%2.36%1.12%
XES
SPDR S&P Oil & Gas Equipment & Services ETF
1.98%1.32%0.66%0.36%1.81%1.33%1.43%1.15%1.68%0.64%2.47%1.60%

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.


-88.00%-86.00%-84.00%-82.00%-80.00%-78.00%December2025FebruaryMarchAprilMay
-83.16%
-86.25%
PXJ
XES

Volatility

PXJ vs. XES - Volatility Comparison

The current volatility for Invesco Dynamic Oil & Gas Services ETF (PXJ) is 21.36%, while SPDR S&P Oil & Gas Equipment & Services ETF (XES) has a volatility of 23.93%. 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.


5.00%10.00%15.00%20.00%25.00%December2025FebruaryMarchAprilMay
21.36%
23.93%
PXJ
XES

User Portfolios with PXJ or XES


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