RSPG vs. PXE

Last updated Jun 4, 2026

RSPG (Invesco S&P 500 Equal Weight Energy ETF) and PXE (Invesco Dynamic Energy Exploration & Production ETF) are both Energy Equities funds from Invesco - RSPG tracks the S&P 500 Equal Weight Energy Plus Index while PXE tracks the Dynamic Energy Exploration & Production Intellidex Index. Both are passively managed. Over the past 10 years, RSPG returned 9.73%/yr vs 8.62%/yr for PXE. Their correlation of 0.90 suggests significant overlap in exposure. RSPG charges 0.40%/yr vs 0.63%/yr for PXE.

Performance

RSPG vs. PXE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight Energy ETF (RSPG) and Invesco Dynamic Energy Exploration & Production ETF (PXE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with RSPG having a 34.27% return and PXE slightly lower at 33.64%. Over the past 10 years, RSPG has outperformed PXE with an annualized return of 9.73%, while PXE has yielded a comparatively lower 8.62% annualized return.

RSPG

• 1D: 1.25%
• 1M: -2.65%
• YTD: 34.27%
• 6M: 28.95%
• 1Y: 47.49%
• 3Y*: 19.93%
• 5Y*: 21.10%
• 10Y*: 9.73%

PXE

• 1D: 1.36%
• 1M: -4.42%
• YTD: 33.64%
• 6M: 22.49%
• 1Y: 37.56%
• 3Y*: 15.66%
• 5Y*: 18.55%
• 10Y*: 8.62%

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

RSPG vs. PXE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RSPG Invesco S&P 500 Equal Weight Energy ETF	34.27%	7.01%	6.09%	4.49%	57.97%	57.73%	-32.44%	13.38%	-24.68%	-6.39%
PXE Invesco Dynamic Energy Exploration & Production ETF	33.64%	-2.82%	-1.86%	7.69%	58.32%	94.04%	-36.76%	-1.69%	-23.35%	1.02%

Correlation

The correlation between RSPG and PXE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Nov 8, 2006	0.90

The correlation between RSPG and PXE has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.

RSPG vs. PXE - Sectors Allocation Comparison

Sectors	RSPG	PXE
Energy	100.0%	97.4%
Financial Services	0.0%	0.3%
Basic Materials	-	2.6%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

RSPG vs. PXE — Risk / Return Rank

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

RSPG

RSPG Risk / Return Rank: 64
RSPG Sharpe Ratio Rank: 65
RSPG Sortino Ratio Rank: 58
RSPG Omega Ratio Rank: 56
RSPG Calmar Ratio Rank: 77
RSPG Martin Ratio Rank: 63

PXE

PXE Risk / Return Rank: 40
PXE Sharpe Ratio Rank: 38
PXE Sortino Ratio Rank: 35
PXE Omega Ratio Rank: 33
PXE Calmar Ratio Rank: 55
PXE Martin Ratio Rank: 41

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.

RSPG vs. PXE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Energy ETF (RSPG) and Invesco Dynamic Energy Exploration & Production ETF (PXE). 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.

	RSPG	PXE	Difference
Sharpe ratio: Return per unit of total volatility	2.20	1.37	+0.83
Sortino ratio: Return per unit of downside risk	2.80	1.86	+0.93
Omega ratio: Gain probability vs. loss probability	1.35	1.23	+0.12
Calmar ratio: Return relative to maximum drawdown	3.92	2.72	+1.20
Martin ratio: Return relative to average drawdown	11.59	6.58	+5.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSPG vs. PXE - Sharpe Ratio Comparison

The current RSPG Sharpe Ratio is 2.20, which is higher than the PXE Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of RSPG and PXE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RSPG	PXE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.20	1.37	+0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.55	+0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	0.23	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.18	+0.01

Drawdowns

RSPG vs. PXE - Drawdown Comparison

The maximum RSPG drawdown since its inception was -79.98%, roughly equal to the maximum PXE drawdown of -83.99%. Use the drawdown chart below to compare losses from any high point for RSPG and PXE.

Drawdown Indicators

	RSPG	PXE	Difference
Max Drawdown Largest peak-to-trough decline	-79.98%	-83.99%	+4.01%
Max Drawdown (1Y) Largest decline over 1 year	-12.18%	-13.89%	+1.71%
Max Drawdown (3Y) Largest decline over 3 years	-23.06%	-37.65%	+14.59%
Max Drawdown (5Y) Largest decline over 5 years	-28.44%	-37.65%	+9.21%
Max Drawdown (10Y) Largest decline over 10 years	-73.17%	-80.17%	+7.00%
Current Drawdown Current decline from peak	-5.67%	-7.57%	+1.90%
Average Drawdown Average peak-to-trough decline	-25.47%	-27.99%	+2.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.11%	5.73%	-1.62%

Volatility

RSPG vs. PXE - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight Energy ETF (RSPG) is 8.19%, while Invesco Dynamic Energy Exploration & Production ETF (PXE) has a volatility of 9.57%. This indicates that RSPG experiences smaller price fluctuations and is considered to be less risky than PXE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSPG	PXE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.19%	9.57%	-1.38%
Volatility (6M) Calculated over the trailing 6-month period	16.77%	20.76%	-3.99%
Volatility (1Y) Calculated over the trailing 1-year period	21.69%	27.48%	-5.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.31%	33.66%	-5.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.57%	36.99%	-3.42%

RSPG vs. PXE - Expense Ratio Comparison

RSPG has a 0.40% expense ratio, which is lower than PXE's 0.63% expense ratio.

Dividends

RSPG vs. PXE - Dividend Comparison

RSPG's dividend yield for the trailing twelve months is around 1.94%, less than PXE's 1.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PXE Invesco Dynamic Energy Exploration & Production ETF	1.99%	2.98%	2.54%	2.78%	3.03%	1.86%	4.10%	1.70%	1.29%	1.54%	6.62%	2.58%
RSPG Invesco S&P 500 Equal Weight Energy ETF	1.94%	2.60%	2.43%	2.84%	3.43%	2.37%	3.15%	2.15%	2.18%	2.55%	1.14%	2.80%

Frequently Asked Questions

Can I hold both RSPG and PXE in my portfolio?

With a correlation of 0.92, RSPG and PXE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, RSPG or PXE?

PXE has higher volatility (9.57%) compared to RSPG (8.19%). In terms of maximum drawdown, RSPG dropped -79.98% vs PXE's -83.99%.

Which ETF is better, RSPG or PXE?

On 10-year performance, RSPG leads with 9.73% vs 8.62% for PXE. On fees, RSPG is cheaper at 0.40% per year. On volatility, RSPG has been the lower-risk option at 8.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSPG or PXE?

Over the 10-year period, RSPG has performed better with a 9.73% return vs 8.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSPG or PXE?

RSPG is cheaper with a 0.40% expense ratio, compared with 0.63% for PXE.

Which ETF pays a higher dividend yield, RSPG or PXE?

PXE has the higher dividend yield at 1.99%, compared with 1.94% for RSPG.

What is the main difference between RSPG and PXE?

RSPG tracks S&P 500 Equal Weight Energy Plus Index, while PXE tracks Dynamic Energy Exploration & Production Intellidex Index. Their fees differ too: 0.40% for RSPG and 0.63% for PXE.

Which has better risk-adjusted returns?

RSPG currently has the higher Sharpe Ratio (2.20 vs 1.37), 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.