RSPG vs. PXE
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 8.99%/yr vs 8.80%/yr for PXE. Their correlation of 0.91 suggests significant overlap in exposure. RSPG charges 0.40%/yr vs 0.63%/yr for PXE.
Performance
RSPG vs. PXE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with RSPG having a 31.15% return and PXE slightly lower at 30.03%. Both investments have delivered pretty close results over the past 10 years, with RSPG having a 8.99% annualized return and PXE not far behind at 8.80%.
RSPG
- 1D
- 2.65%
- 1M
- -0.27%
- 6M
- 27.78%
- YTD
- 31.15%
- 1Y
- 35.69%
- 3Y*
- 16.66%
- 5Y*
- 23.07%
- 10Y*
- 8.99%
PXE
- 1D
- 3.68%
- 1M
- 0.48%
- 6M
- 30.21%
- YTD
- 30.03%
- 1Y
- 24.15%
- 3Y*
- 11.92%
- 5Y*
- 19.54%
- 10Y*
- 8.80%
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 | 31.15% | 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 | 30.03% | -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 0.93, 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 | 0.93 |
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 7, 2006 | 0.91 |
The correlation between RSPG and PXE has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
RSPG vs. PXE — Risk / Return Rank
RSPG
PXE
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.
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.
| RSPG | PXE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.16 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 1.45 | +1.16 |
| Martin ratioReturn relative to average drawdown | 6.74 | 3.47 | +3.26 |
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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.
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Drawdown Indicators
| RSPG | PXE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.98% | -83.99% | +4.01% |
Max Drawdown (1Y)Largest decline over 1 year | -13.72% | -16.70% | +2.98% |
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 DrawdownCurrent decline from peak | -7.86% | -10.06% | +2.20% |
Average DrawdownAverage peak-to-trough decline | -25.38% | -27.91% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.34% | 7.03% | -1.69% |
Volatility
RSPG vs. PXE - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight Energy ETF (RSPG) is 7.17%, while Invesco Dynamic Energy Exploration & Production ETF (PXE) has a volatility of 8.35%. 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.
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Volatility by Period
| RSPG | PXE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.17% | 8.35% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 16.88% | 21.27% | -4.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.08% | 27.80% | -5.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.15% | 33.54% | -5.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.47% | 36.95% | -3.48% |
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 2.02%, more than PXE's 1.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXE Invesco Dynamic Energy Exploration & Production ETF | 1.84% | 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 | 2.02% | 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
With a correlation of 0.93, 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.
PXE has higher volatility (8.35%) compared to RSPG (7.17%). In terms of maximum drawdown, RSPG dropped -79.98% vs PXE's -83.99%.
On 10-year performance, RSPG leads with 8.99% vs 8.80% for PXE. On fees, RSPG is cheaper at 0.40% per year. On volatility, RSPG has been the lower-risk option at 7.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, RSPG has performed better with a 8.99% return vs 8.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RSPG is cheaper with a 0.40% expense ratio, compared with 0.63% for PXE.
RSPG has the higher dividend yield at 2.02%, compared with 1.84% for 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.
RSPG currently has the higher Sharpe Ratio (1.63 vs 0.87), 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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