PXQ vs. EINC

Last updated Jul 14, 2026

PXQ (Invesco Next Gen Connectivity ETF) and EINC (VanEck Energy Income ETF) are both exchange-traded funds - PXQ is a Technology Equities fund tracking the STOXX World AC NexGen Connectivity Index, while EINC is a Energy Equities fund tracking the MVIS North America Energy Infrastructure Index. Both are passively managed. Over the past 10 years, PXQ returned 19.89%/yr vs 11.77%/yr for EINC. At a 0.32 correlation, their price movements are largely independent. PXQ charges 0.40%/yr vs 0.45%/yr for EINC.

Performance

PXQ vs. EINC - Performance Comparison

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

Returns By Period

In the year-to-date period, PXQ achieves a 46.33% return, which is significantly higher than EINC's 28.74% return. Over the past 10 years, PXQ has outperformed EINC with an annualized return of 19.89%, while EINC has yielded a comparatively lower 11.77% annualized return.

PXQ

• 1D: -3.10%
• 1M: -4.12%
• 6M: 40.49%
• YTD: 46.33%
• 1Y: 69.84%
• 3Y*: 36.29%
• 5Y*: 17.96%
• 10Y*: 19.89%

EINC

• 1D: 1.55%
• 1M: 1.87%
• 6M: 30.32%
• YTD: 28.74%
• 1Y: 32.69%
• 3Y*: 28.67%
• 5Y*: 22.43%
• 10Y*: 11.77%

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

PXQ vs. EINC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PXQ Invesco Next Gen Connectivity ETF	46.33%	28.65%	19.41%	27.39%	-29.54%	21.83%	39.14%	26.35%	5.78%	15.41%
EINC VanEck Energy Income ETF	28.74%	7.11%	42.79%	15.55%	19.18%	38.05%	-19.89%	16.98%	-19.85%	-3.45%

Correlation

The correlation between PXQ and EINC is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (10Y) Calculated over the trailing 10-year period	0.32
Correlation (All Time) Calculated using the full available price history since Mar 13, 2012	0.32

The correlation between PXQ and EINC shifts across timeframes, from -0.11 (1 year) to 0.32 (10 years), reflecting how their relationship changes across market environments.

PXQ vs. EINC - Sectors Allocation Comparison

Sectors	PXQ	EINC
Technology	60.5%	-
Communication Services	5.7%	-
Real Estate	3.0%	-
Industrials	0.1%	0.6%
Financial Services	0.0%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	99.4%
Healthcare	-	-
Utilities	-	0.6%

Return for Risk

PXQ vs. EINC — Risk / Return Rank

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

PXQ

PXQ Risk / Return Rank: 92
PXQ Sharpe Ratio Rank: 93
PXQ Sortino Ratio Rank: 88
PXQ Omega Ratio Rank: 90
PXQ Calmar Ratio Rank: 94
PXQ Martin Ratio Rank: 94

EINC

EINC Risk / Return Rank: 81
EINC Sharpe Ratio Rank: 84
EINC Sortino Ratio Rank: 82
EINC Omega Ratio Rank: 80
EINC Calmar Ratio Rank: 89
EINC Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PXQ vs. EINC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Connectivity ETF (PXQ) and VanEck Energy Income ETF (EINC). 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	EINC	Difference
Sharpe ratio: Return per unit of total volatility	2.68	2.13	+0.54
Sortino ratio: Return per unit of downside risk	3.20	2.89	+0.31
Omega ratio: Gain probability vs. loss probability	1.45	1.37	+0.08
Calmar ratio: Return relative to maximum drawdown	5.71	4.16	+1.55
Martin ratio: Return relative to average drawdown	20.88	10.24	+10.64

PXQ vs. EINC - Sharpe Ratio Comparison

The current PXQ Sharpe Ratio is 2.68, which is comparable to the EINC Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of PXQ and EINC, 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. EINC - Drawdown Comparison

The maximum PXQ drawdown since its inception was -57.18%, smaller than the maximum EINC drawdown of -87.55%. Use the drawdown chart below to compare losses from any high point for PXQ and EINC.

Drawdown Indicators

	PXQ	EINC	Difference
Max Drawdown Largest peak-to-trough decline	-57.18%	-87.55%	+30.37%
Max Drawdown (1Y) Largest decline over 1 year	-12.30%	-7.89%	-4.41%
Max Drawdown (3Y) Largest decline over 3 years	-21.40%	-16.01%	-5.39%
Max Drawdown (5Y) Largest decline over 5 years	-34.55%	-19.87%	-14.68%
Max Drawdown (10Y) Largest decline over 10 years	-34.55%	-68.85%	+34.30%
Current Drawdown Current decline from peak	-11.02%	-2.40%	-8.62%
Average Drawdown Average peak-to-trough decline	-10.72%	-44.01%	+33.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.35%	3.20%	+0.15%

Volatility

PXQ vs. EINC - Volatility Comparison

Invesco Next Gen Connectivity ETF (PXQ) has a higher volatility of 13.42% compared to VanEck Energy Income ETF (EINC) at 6.06%. This indicates that PXQ's price experiences larger fluctuations and is considered to be riskier than EINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PXQ	EINC	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.42%	6.06%	+7.36%
Volatility (6M) Calculated over the trailing 6-month period	23.37%	12.30%	+11.07%
Volatility (1Y) Calculated over the trailing 1-year period	26.29%	15.42%	+10.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.25%	19.58%	+4.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.40%	25.34%	-1.94%

PXQ vs. EINC - Expense Ratio Comparison

PXQ has a 0.40% expense ratio, which is lower than EINC's 0.45% expense ratio.

Dividends

PXQ vs. EINC - Dividend Comparison

PXQ's dividend yield for the trailing twelve months is around 0.65%, less than EINC's 3.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EINC VanEck Energy Income ETF	3.44%	4.51%	3.33%	3.77%	2.89%	6.03%	6.69%	9.66%	11.31%	8.53%	9.71%	28.53%
PXQ Invesco Next Gen Connectivity ETF	0.65%	0.86%	1.38%	0.60%	2.24%	0.55%	0.18%	0.44%	1.22%	0.66%	0.44%	0.00%

Frequently Asked Questions

Can I hold both PXQ and EINC in my portfolio?

PXQ and EINC have a correlation of -0.11, 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 EINC?

PXQ has higher volatility (13.42%) compared to EINC (6.06%). In terms of maximum drawdown, PXQ dropped -57.18% vs EINC's -87.55%.

Which ETF is better, PXQ or EINC?

On 10-year performance, PXQ leads with 19.89% vs 11.77% for EINC. On fees, PXQ is cheaper at 0.40% per year. On volatility, EINC has been the lower-risk option at 6.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PXQ or EINC?

Over the 10-year period, PXQ has performed better with a 19.89% return vs 11.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PXQ or EINC?

PXQ is cheaper with a 0.40% expense ratio, compared with 0.45% for EINC.

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

EINC has the higher dividend yield at 3.44%, compared with 0.65% for PXQ.

What is the main difference between PXQ and EINC?

PXQ is categorized as Technology Equities, while EINC is Energy Equities. PXQ tracks STOXX World AC NexGen Connectivity Index, while EINC tracks MVIS North America Energy Infrastructure Index. They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.40% for PXQ and 0.45% for EINC.

Which has better risk-adjusted returns?

PXQ currently has the higher Sharpe Ratio (2.68 vs 2.13), 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.