PXQ vs. AOTG

Last updated Aug 2, 2026

PXQ (Invesco Next Gen Connectivity ETF) and AOTG (AOT Growth and Innovation ETF) are both Technology Equities funds. PXQ is passively managed, while AOTG is actively managed. Over the past 3 years, PXQ returned 33.13%/yr vs 23.03%/yr for AOTG. Their 0.80 correlation means they have sometimes moved together and sometimes differently. PXQ charges 0.40%/yr vs 0.75%/yr for AOTG.

Performance

PXQ vs. AOTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Next Gen Connectivity ETF (PXQ) and AOT Growth and Innovation ETF (AOTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PXQ achieves a 40.12% return, which is significantly higher than AOTG's 8.87% return.

PXQ

• 1D: 0.08%
• 1M: -4.96%
• 6M: 31.73%
• YTD: 40.12%
• 1Y: 63.92%
• 3Y*: 33.13%
• 5Y*: 16.31%
• 10Y*: 18.83%
• ALL TIME*: 13.22%

AOTG

• 1D: 0.47%
• 1M: -3.36%
• 6M: 12.58%
• YTD: 8.87%
• 1Y: 20.85%
• 3Y*: 23.03%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AOTG AOT Growth and Innovation ETF	$288.05K	$245.53K	$342.43K
PXQ Invesco Next Gen Connectivity ETF	$741.37K	$822.66K	$837.91K

PXQ vs. AOTG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PXQ Invesco Next Gen Connectivity ETF	40.12%	28.65%	19.41%	27.39%	-2.29%
AOTG AOT Growth and Innovation ETF	8.87%	25.26%	32.20%	54.58%	-11.14%

Correlation

The correlation between PXQ and AOTG is 0.80, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.80
Correlation (3Y) Balances recent behavior with more history.	0.79
Correlation (All Time) Calculated using the full available price history since Jun 29, 2022	0.80

The correlation between PXQ and AOTG has been stable across timeframes, ranging from 0.79 to 0.80 - a consistent structural relationship.

Return for Risk

PXQ vs. AOTG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PXQ

PXQ Risk / Return Rank: 87
PXQ Sharpe Ratio Rank: 90
PXQ Sortino Ratio Rank: 85
PXQ Omega Ratio Rank: 86
PXQ Calmar Ratio Rank: 85
PXQ Martin Ratio Rank: 88

AOTG

AOTG Risk / Return Rank: 26
AOTG Sharpe Ratio Rank: 27
AOTG Sortino Ratio Rank: 27
AOTG Omega Ratio Rank: 27
AOTG Calmar Ratio Rank: 25
AOTG Martin Ratio Rank: 26

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PXQ vs. AOTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Connectivity ETF (PXQ) and AOT Growth and Innovation ETF (AOTG). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PXQ	AOTG	Difference
Sharpe ratio: Return per unit of total volatility	2.27	0.64	+1.63
Sortino ratio: Return per unit of downside risk	2.82	1.03	+1.79
Omega ratio: Gain probability vs. loss probability	1.38	1.13	+0.25
Calmar ratio: Return relative to maximum drawdown	3.31	0.77	+2.54
Martin ratio: Return relative to average drawdown	13.33	2.10	+11.23

PXQ vs. AOTG - Sharpe Ratio Comparison

The current PXQ Sharpe Ratio is 2.27, which is higher than the AOTG Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of PXQ and AOTG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PXQ vs. AOTG - Drawdown Comparison

The maximum PXQ drawdown since its inception was -57.18%, which is greater than AOTG's maximum drawdown of -31.63%. Use the drawdown chart below to compare losses from any high point for PXQ and AOTG.

Drawdown Indicators

	PXQ	AOTG	Difference
Max Drawdown Largest peak-to-trough decline	-57.18%	-31.63%	-25.55%
Max Drawdown (1Y) Largest decline over 1 year	-18.91%	-22.85%	+3.94%
Max Drawdown (3Y) Largest decline over 3 years	-21.40%	-27.41%	+6.01%
Max Drawdown (5Y) Largest decline over 5 years	-34.55%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.55%	—	—
Current Drawdown Current decline from peak	-14.80%	-8.90%	-5.90%
Average Drawdown Average peak-to-trough decline	-10.73%	-7.83%	-2.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.68%	8.39%	-3.71%

Volatility

PXQ vs. AOTG - Volatility Comparison

Invesco Next Gen Connectivity ETF (PXQ) has a higher volatility of 11.26% compared to AOT Growth and Innovation ETF (AOTG) at 10.41%. This indicates that PXQ's price experiences larger fluctuations and is considered to be riskier than AOTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PXQ	AOTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.26%	10.41%	+0.85%
Volatility (6M) Calculated over the trailing 6-month period	24.68%	23.39%	+1.29%
Volatility (1Y) Calculated over the trailing 1-year period	27.67%	27.67%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.48%	29.67%	-5.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.55%	29.67%	-6.12%

PXQ vs. AOTG - Expense Ratio Comparison

PXQ has a 0.40% expense ratio, which is lower than AOTG's 0.75% expense ratio.

Dividends

PXQ vs. AOTG - Dividend Comparison

PXQ's dividend yield for the trailing twelve months is around 0.68%, while AOTG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AOTG AOT Growth and Innovation ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PXQ Invesco Next Gen Connectivity ETF	0.68%	0.86%	1.38%	0.60%	2.24%	0.55%	0.18%	0.44%	1.22%	0.66%	0.44%

Frequently Asked Questions

Can I hold both PXQ and AOTG in my portfolio?

PXQ and AOTG have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PXQ or AOTG?

PXQ has higher volatility (11.26%) compared to AOTG (10.41%). In terms of maximum drawdown, PXQ dropped -57.18% vs AOTG's -31.63%.

Which ETF is better, PXQ or AOTG?

On 3-year performance, PXQ leads with 33.13% vs 23.03% for AOTG. On fees, PXQ is cheaper at 0.40% per year. On volatility, AOTG has been the lower-risk option at 10.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PXQ or AOTG?

Over the 3-year period, PXQ has performed better with a 33.13% return vs 23.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PXQ or AOTG?

PXQ is cheaper with a 0.40% expense ratio, compared with 0.75% for AOTG.

Which ETF pays a higher dividend yield, PXQ or AOTG?

PXQ has the higher dividend yield at 0.68%, compared with 0.00% for AOTG.

What is the main difference between PXQ and AOTG?

They also come from different issuers: Invesco and AOT. Their fees differ too: 0.40% for PXQ and 0.75% for AOTG.

Which has better risk-adjusted returns?

PXQ currently has the higher Sharpe Ratio (2.27 vs 0.64), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.