PXQ vs. VOX
PXQ (Invesco Next Gen Connectivity ETF) and VOX (Vanguard Communication Services ETF) are both exchange-traded funds - PXQ is a Technology Equities fund tracking the STOXX World AC NexGen Connectivity Index, while VOX is a Communications Equities fund tracking the MSCI US Investable Market Communication Services 25/50 Index. Both are passively managed. Over the past 10 years, PXQ returned 21.11%/yr vs 8.42%/yr for VOX. A 0.62 correlation means they provide meaningful diversification when combined. PXQ charges 0.40%/yr vs 0.09%/yr for VOX.
Performance
PXQ vs. VOX - Performance Comparison
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Returns By Period
In the year-to-date period, PXQ achieves a 54.15% return, which is significantly higher than VOX's -5.35% return. Over the past 10 years, PXQ has outperformed VOX with an annualized return of 21.11%, while VOX has yielded a comparatively lower 8.42% annualized return.
PXQ
- 1D
- -5.38%
- 1M
- 5.48%
- YTD
- 54.15%
- 6M
- 54.94%
- 1Y
- 84.85%
- 3Y*
- 40.93%
- 5Y*
- 19.32%
- 10Y*
- 21.11%
VOX
- 1D
- 0.26%
- 1M
- -6.50%
- YTD
- -5.35%
- 6M
- -5.46%
- 1Y
- 12.86%
- 3Y*
- 21.81%
- 5Y*
- 6.02%
- 10Y*
- 8.42%
PXQ vs. VOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PXQ Invesco Next Gen Connectivity ETF | 54.15% | 28.65% | 19.41% | 27.39% | -29.54% | 21.83% | 39.14% | 26.35% | 5.78% | 15.41% |
VOX Vanguard Communication Services ETF | -5.35% | 26.27% | 33.12% | 44.81% | -38.85% | 13.83% | 29.12% | 28.03% | -16.75% | -5.50% |
Correlation
The correlation between PXQ and VOX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2005 | 0.62 |
The correlation between PXQ and VOX shifts across timeframes, from 0.46 (1 year) to 0.68 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PXQ vs. VOX — Risk / Return Rank
PXQ
VOX
PXQ vs. VOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Connectivity ETF (PXQ) and Vanguard Communication Services ETF (VOX). 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 | VOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.60 | ||
| Sortino ratioReturn per unit of downside risk | +2.70 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.15 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 6.94 | 0.95 | +5.98 |
| Martin ratioReturn relative to average drawdown | 30.00 | 3.37 | +26.63 |
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Drawdowns
PXQ vs. VOX - Drawdown Comparison
The maximum PXQ drawdown since its inception was -57.18%, roughly equal to the maximum VOX drawdown of -57.18%. Use the drawdown chart below to compare losses from any high point for PXQ and VOX.
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Drawdown Indicators
| PXQ | VOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.18% | -57.18% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -12.30% | -13.56% | +1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -21.40% | -21.15% | -0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -34.55% | -46.76% | +12.21% |
Max Drawdown (10Y)Largest decline over 10 years | -34.55% | -46.76% | +12.21% |
Current DrawdownCurrent decline from peak | -6.27% | -8.53% | +2.26% |
Average DrawdownAverage peak-to-trough decline | -10.73% | -11.90% | +1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 3.82% | -0.98% |
Volatility
PXQ vs. VOX - Volatility Comparison
Invesco Next Gen Connectivity ETF (PXQ) has a higher volatility of 15.64% compared to Vanguard Communication Services ETF (VOX) at 5.44%. This indicates that PXQ's price experiences larger fluctuations and is considered to be riskier than VOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PXQ | VOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.64% | 5.44% | +10.20% |
Volatility (6M)Calculated over the trailing 6-month period | 21.75% | 11.89% | +9.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.15% | 15.80% | +9.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.96% | 21.24% | +2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.33% | 20.93% | +2.40% |
PXQ vs. VOX - Expense Ratio Comparison
PXQ has a 0.40% expense ratio, which is higher than VOX's 0.09% expense ratio.
Dividends
PXQ vs. VOX - Dividend Comparison
PXQ's dividend yield for the trailing twelve months is around 0.62%, less than VOX's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXQ Invesco Next Gen Connectivity ETF | 0.62% | 0.86% | 1.38% | 0.60% | 2.24% | 0.55% | 0.18% | 0.44% | 1.22% | 0.66% | 0.44% | 0.00% |
VOX Vanguard Communication Services ETF | 1.04% | 0.95% | 1.05% | 1.03% | 0.88% | 0.93% | 0.73% | 0.90% | 2.77% | 3.83% | 2.67% | 3.55% |
Frequently Asked Questions
PXQ and VOX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PXQ has higher volatility (15.64%) compared to VOX (5.44%). In terms of maximum drawdown, PXQ dropped -57.18% vs VOX's -57.18%.
On 10-year performance, PXQ leads with 21.11% vs 8.42% for VOX. On fees, VOX is cheaper at 0.09% per year. On volatility, VOX has been the lower-risk option at 5.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PXQ has performed better with a 21.11% return vs 8.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOX is cheaper with a 0.09% expense ratio, compared with 0.40% for PXQ.
VOX has the higher dividend yield at 1.04%, compared with 0.62% for PXQ.
PXQ is categorized as Technology Equities, while VOX is Communications Equities. PXQ tracks STOXX World AC NexGen Connectivity Index, while VOX tracks MSCI US Investable Market Communication Services 25/50 Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.40% for PXQ and 0.09% for VOX.
PXQ currently has the higher Sharpe Ratio (3.42 vs 0.82), 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.
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