RSPG vs. PXE
Compare and contrast key facts about Invesco S&P 500 Equal Weight Energy ETF (RSPG) and Invesco Dynamic Energy Exploration & Production ETF (PXE).
RSPG and PXE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RSPG is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Energy Plus Index. It was launched on Nov 1, 2006. PXE is a passively managed fund by Invesco that tracks the performance of the Dynamic Energy Exploration & Production Intellidex Index. It was launched on Oct 26, 2005. Both RSPG and PXE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RSPG or PXE.
Key characteristics
| RSPG | PXE | |
|---|---|---|
| YTD Return | 13.35% | 1.72% |
| 1Y Return | 16.17% | 4.54% |
| 3Y Return (Ann) | 20.52% | 16.23% |
| 5Y Return (Ann) | 16.21% | 17.65% |
| 10Y Return (Ann) | 3.24% | 2.76% |
| Sharpe Ratio | 0.85 | 0.16 |
| Sortino Ratio | 1.24 | 0.36 |
| Omega Ratio | 1.16 | 1.04 |
| Calmar Ratio | 1.16 | 0.15 |
| Martin Ratio | 2.67 | 0.32 |
| Ulcer Index | 5.90% | 10.96% |
| Daily Std Dev | 18.62% | 22.66% |
| Max Drawdown | -79.98% | -83.99% |
| Current Drawdown | -3.44% | -16.25% |
Correlation
The correlation between RSPG and PXE is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
RSPG vs. PXE - Performance Comparison
In the year-to-date period, RSPG achieves a 13.35% return, which is significantly higher than PXE's 1.72% return. Over the past 10 years, RSPG has outperformed PXE with an annualized return of 3.24%, while PXE has yielded a comparatively lower 2.76% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RSPG vs. PXE - Expense Ratio Comparison
RSPG has a 0.40% expense ratio, which is lower than PXE's 0.63% expense ratio.
Risk-Adjusted Performance
RSPG vs. PXE - Risk-Adjusted Performance 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.
Dividends
RSPG vs. PXE - Dividend Comparison
RSPG's dividend yield for the trailing twelve months is around 2.52%, less than PXE's 2.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RSPG Invesco S&P 500 Equal Weight Energy ETF | 2.52% | 2.84% | 3.43% | 2.37% | 3.15% | 2.15% | 2.18% | 2.55% | 1.14% | 2.80% | 1.97% | 0.98% |
PXE Invesco Dynamic Energy Exploration & Production ETF | 2.61% | 2.79% | 3.04% | 1.86% | 4.10% | 1.70% | 1.28% | 1.55% | 6.62% | 2.58% | 2.05% | 1.73% |
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. For additional features, visit the drawdowns tool.
Volatility
RSPG vs. PXE - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight Energy ETF (RSPG) is 6.82%, while Invesco Dynamic Energy Exploration & Production ETF (PXE) has a volatility of 8.61%. 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.