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PXT.TO vs. XEG.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PXT.TO vs. XEG.TO

Last updated Jun 4, 2026

PXT.TO (Parex Resources Inc.) is a stock, while XEG.TO (iShares S&P/TSX Capped Energy Index ETF) is Energy Equities fund tracking the S&P/TSX Capped Energy Index. Over the past 10 years, PXT.TO returned 10.81%/yr vs 11.85%/yr for XEG.TO. A 0.61 correlation means they provide meaningful diversification when combined.

Performance

PXT.TO vs. XEG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Parex Resources Inc. (PXT.TO) and iShares S&P/TSX Capped Energy Index ETF (XEG.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PXT.TO achieves a 48.13% return, which is significantly higher than XEG.TO's 44.34% return. Over the past 10 years, PXT.TO has underperformed XEG.TO with an annualized return of 10.81%, while XEG.TO has yielded a comparatively higher 11.85% annualized return.

PXT.TO

1D
-1.46%
1M
-4.84%
YTD
48.13%
6M
46.48%
1Y
106.37%
3Y*
6.67%
5Y*
11.02%
10Y*
10.81%

XEG.TO

1D
1.17%
1M
-0.04%
YTD
44.34%
6M
39.73%
1Y
70.40%
3Y*
28.08%
5Y*
29.48%
10Y*
11.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PXT.TO vs. XEG.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PXT.TO
Parex Resources Inc.		48.13%39.86%-35.96%31.46%-3.01%26.24%-27.45%47.71%-9.97%7.46%
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		44.34%16.72%14.08%3.52%53.25%83.71%-34.41%8.98%-27.05%-11.18%

Correlation

The correlation between PXT.TO and XEG.TO is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.67

Correlation (3Y)
Calculated over the trailing 3-year period

0.60

Correlation (5Y)
Calculated over the trailing 5-year period

0.64

Correlation (10Y)
Calculated over the trailing 10-year period

0.67

Correlation (All Time)
Calculated using the full available price history since Nov 13, 2009

0.61

The correlation between PXT.TO and XEG.TO has been stable across timeframes, ranging from 0.60 to 0.67 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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Parex Resources Inc.

iShares S&P/TSX Capped Energy Index ETF

Often compared with PXT.TO:
PXT.TO vs. PEY.TOPXT.TO vs. CVE.TOPXT.TO vs. BANK.TOPXT.TO vs. SRU-UN.TOPXT.TO vs. CVEPXT.TO vs. VOOPXT.TO vs. FRU.TO
Often compared with XEG.TO:
XEG.TO vs. XLEXEG.TO vs. XEQT.TOXEG.TO vs. CNQ.TOXEG.TO vs. HXE.TOXEG.TO vs. ZEO.TOXEG.TO vs. XDIV.TOXEG.TO vs. XCG.TO

Return for Risk

PXT.TO vs. XEG.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PXT.TO
PXT.TO Risk / Return Rank: 9292
Overall Rank
PXT.TO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
PXT.TO Sortino Ratio Rank: 9090
Sortino Ratio Rank
PXT.TO Omega Ratio Rank: 8989
Omega Ratio Rank
PXT.TO Calmar Ratio Rank: 9292
Calmar Ratio Rank
PXT.TO Martin Ratio Rank: 9595
Martin Ratio Rank
XEG.TO
XEG.TO Risk / Return Rank: 8686
Overall Rank
XEG.TO Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
XEG.TO Sortino Ratio Rank: 8080
Sortino Ratio Rank
XEG.TO Omega Ratio Rank: 8080
Omega Ratio Rank
XEG.TO Calmar Ratio Rank: 9292
Calmar Ratio Rank
XEG.TO Martin Ratio Rank: 8787
Martin Ratio Rank
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.

PXT.TO vs. XEG.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Parex Resources Inc. (PXT.TO) and iShares S&P/TSX Capped Energy Index ETF (XEG.TO). 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.

PXT.TOXEG.TODifference
Sharpe ratioReturn per unit of total volatility
2.79
3.11

-0.32

Sortino ratioReturn per unit of downside risk
3.23
3.66

-0.43

Omega ratioGain probability vs. loss probability

1.42

1.49

-0.07

Calmar ratioReturn relative to maximum drawdown

5.62

6.36

-0.74

Martin ratioReturn relative to average drawdown

19.41

19.02

+0.38

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PXT.TO vs. XEG.TO - Sharpe Ratio Comparison

The current PXT.TO Sharpe Ratio is 2.79, which is comparable to the XEG.TO Sharpe Ratio of 3.11. The chart below compares the historical Sharpe Ratios of PXT.TO and XEG.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

PXT.TOXEG.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.79

3.11

-0.32

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.28

1.04

-0.76

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.26

0.36

-0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.33

0.28

+0.05

Drawdowns

PXT.TO vs. XEG.TO - Drawdown Comparison

The maximum PXT.TO drawdown since its inception was -61.00%, smaller than the maximum XEG.TO drawdown of -87.74%. Use the drawdown chart below to compare losses from any high point for PXT.TO and XEG.TO.

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Drawdown Indicators

PXT.TOXEG.TODifference

Max Drawdown

Largest peak-to-trough decline

-61.00%

-87.74%

+26.74%

Max Drawdown (1Y)

Largest decline over 1 year

-19.02%

-11.12%

-7.90%

Max Drawdown (3Y)

Largest decline over 3 years

-58.84%

-25.67%

-33.17%

Max Drawdown (5Y)

Largest decline over 5 years

-58.84%

-28.42%

-30.42%

Max Drawdown (10Y)

Largest decline over 10 years

-61.00%

-79.66%

+18.66%

Current Drawdown

Current decline from peak

-9.33%

-4.00%

-5.33%

Average Drawdown

Average peak-to-trough decline

-23.49%

-29.19%

+5.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.50%

3.71%

+1.79%

Volatility

PXT.TO vs. XEG.TO - Volatility Comparison

Parex Resources Inc. (PXT.TO) has a higher volatility of 14.66% compared to iShares S&P/TSX Capped Energy Index ETF (XEG.TO) at 9.31%. This indicates that PXT.TO's price experiences larger fluctuations and is considered to be riskier than XEG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PXT.TOXEG.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

14.66%

9.31%

+5.35%

Volatility (6M)

Calculated over the trailing 6-month period

30.87%

18.99%

+11.88%

Volatility (1Y)

Calculated over the trailing 1-year period

38.41%

22.76%

+15.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

40.08%

28.62%

+11.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

41.59%

33.41%

+8.18%

Dividends

PXT.TO vs. XEG.TO - Dividend Comparison

PXT.TO's dividend yield for the trailing twelve months is around 5.72%, more than XEG.TO's 2.65% yield.

PositionTTM20252024202320222021202020192018201720162015
PXT.TO
Parex Resources Inc.		5.72%8.35%10.49%6.01%4.42%2.31%0.00%0.00%0.00%0.00%0.00%0.00%
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		2.65%3.63%3.46%4.26%3.31%1.64%2.96%2.70%2.25%1.41%1.40%3.58%

Frequently Asked Questions

PXT.TO and XEG.TO have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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