UPGR vs. PXE
UPGR (Xtrackers US Green Infrastructure Select Equity ETF) and PXE (Invesco Dynamic Energy Exploration & Production ETF) are both Energy Equities funds - UPGR tracks the Solactive United States Green Infrastructure ESG Screened Index - Benchmark TR Gross while PXE tracks the Dynamic Energy Exploration & Production Intellidex Index. Both are passively managed. Over the past year, UPGR returned 50.72% vs 23.44% for PXE. At a 0.29 correlation, their price movements are largely independent. UPGR charges 0.35%/yr vs 0.63%/yr for PXE.
Performance
UPGR vs. PXE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UPGR achieves a 11.08% return, which is significantly lower than PXE's 22.49% return.
UPGR
- 1D
- -0.38%
- 1M
- -7.23%
- YTD
- 11.08%
- 6M
- 6.61%
- 1Y
- 50.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PXE
- 1D
- 0.80%
- 1M
- -5.68%
- YTD
- 22.49%
- 6M
- 23.11%
- 1Y
- 23.44%
- 3Y*
- 11.16%
- 5Y*
- 15.40%
- 10Y*
- 8.59%
UPGR vs. PXE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UPGR Xtrackers US Green Infrastructure Select Equity ETF | 11.08% | 35.25% | -14.72% | -15.29% |
PXE Invesco Dynamic Energy Exploration & Production ETF | 22.49% | -2.82% | -1.86% | 9.84% |
Correlation
The correlation between UPGR and PXE is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023 | 0.29 |
Over the past year, the correlation between UPGR and PXE has dropped to 0.06 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UPGR vs. PXE — Risk / Return Rank
UPGR
PXE
UPGR vs. PXE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers US Green Infrastructure Select Equity ETF (UPGR) 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.
| UPGR | PXE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.15 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 1.41 | +1.67 |
| Martin ratioReturn relative to average drawdown | 7.10 | 3.68 | +3.43 |
Loading charts...
Drawdowns
UPGR vs. PXE - Drawdown Comparison
The maximum UPGR drawdown since its inception was -46.60%, smaller than the maximum PXE drawdown of -83.99%. Use the drawdown chart below to compare losses from any high point for UPGR and PXE.
Loading charts...
Drawdown Indicators
| UPGR | PXE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.60% | -83.99% | +37.39% |
Max Drawdown (1Y)Largest decline over 1 year | -16.55% | -16.70% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | — | -37.65% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.65% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.17% | — |
Current DrawdownCurrent decline from peak | -11.32% | -15.28% | +3.96% |
Average DrawdownAverage peak-to-trough decline | -20.28% | -27.94% | +7.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.16% | 6.39% | +0.77% |
Volatility
UPGR vs. PXE - Volatility Comparison
Xtrackers US Green Infrastructure Select Equity ETF (UPGR) has a higher volatility of 11.92% compared to Invesco Dynamic Energy Exploration & Production ETF (PXE) at 8.46%. This indicates that UPGR's price experiences larger fluctuations and is considered to be riskier than PXE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UPGR | PXE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.92% | 8.46% | +3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 22.08% | 21.03% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.62% | 27.72% | +3.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.81% | 33.65% | -2.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.81% | 36.99% | -6.18% |
UPGR vs. PXE - Expense Ratio Comparison
UPGR has a 0.35% expense ratio, which is lower than PXE's 0.63% expense ratio.
Dividends
UPGR vs. PXE - Dividend Comparison
UPGR's dividend yield for the trailing twelve months is around 0.29%, less than PXE's 1.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXE Invesco Dynamic Energy Exploration & Production ETF | 1.95% | 2.98% | 2.54% | 2.78% | 3.03% | 1.86% | 4.10% | 1.70% | 1.29% | 1.54% | 6.62% | 2.58% |
UPGR Xtrackers US Green Infrastructure Select Equity ETF | 0.29% | 0.39% | 1.16% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UPGR and PXE have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UPGR has higher volatility (11.92%) compared to PXE (8.46%). In terms of maximum drawdown, UPGR dropped -46.60% vs PXE's -83.99%.
On 1-year performance, UPGR leads with 50.72% vs 23.44% for PXE. On fees, UPGR is cheaper at 0.35% per year. On volatility, PXE has been the lower-risk option at 8.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, UPGR has performed better with a 50.72% return vs 23.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UPGR is cheaper with a 0.35% expense ratio, compared with 0.63% for PXE.
PXE has the higher dividend yield at 1.95%, compared with 0.29% for UPGR.
UPGR tracks Solactive United States Green Infrastructure ESG Screened Index - Benchmark TR Gross, while PXE tracks Dynamic Energy Exploration & Production Intellidex Index. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.35% for UPGR and 0.63% for PXE.
UPGR currently has the higher Sharpe Ratio (1.61 vs 0.85), 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.
Find the right allocation for UPGR and PXE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer