VOX vs. PXQ
VOX (Vanguard Communication Services ETF) and PXQ (Invesco Next Gen Connectivity ETF) are both exchange-traded funds - VOX is a Communications Equities fund tracking the MSCI US Investable Market Communication Services 25/50 Index, while PXQ is a Technology Equities fund tracking the STOXX World AC NexGen Connectivity Index. Both are passively managed. Over the past 10 years, VOX returned 8.94%/yr vs 20.79%/yr for PXQ. A 0.63 correlation means they provide meaningful diversification when combined. VOX charges 0.09%/yr vs 0.40%/yr for PXQ.
Performance
VOX vs. PXQ - Performance Comparison
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Returns By Period
In the year-to-date period, VOX achieves a -3.01% return, which is significantly lower than PXQ's 52.62% return. Over the past 10 years, VOX has underperformed PXQ with an annualized return of 8.94%, while PXQ has yielded a comparatively higher 20.79% annualized return.
VOX
- 1D
- 0.03%
- 1M
- -5.20%
- YTD
- -3.01%
- 6M
- -1.76%
- 1Y
- 16.53%
- 3Y*
- 22.49%
- 5Y*
- 6.96%
- 10Y*
- 8.94%
PXQ
- 1D
- 0.65%
- 1M
- 6.07%
- YTD
- 52.62%
- 6M
- 54.67%
- 1Y
- 85.43%
- 3Y*
- 39.08%
- 5Y*
- 19.43%
- 10Y*
- 20.79%
VOX vs. PXQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VOX Vanguard Communication Services ETF | -3.01% | 26.27% | 33.12% | 44.81% | -38.85% | 13.83% | 29.12% | 28.03% | -16.75% | -5.50% |
PXQ Invesco Next Gen Connectivity ETF | 52.62% | 28.65% | 19.41% | 27.39% | -29.54% | 21.83% | 39.14% | 26.35% | 5.78% | 15.41% |
Correlation
The correlation between VOX and PXQ is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2005 | 0.63 |
The correlation between VOX and PXQ shifts across timeframes, from 0.49 (1 year) to 0.69 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VOX vs. PXQ — Risk / Return Rank
VOX
PXQ
VOX vs. PXQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Communication Services ETF (VOX) and Invesco Next Gen Connectivity ETF (PXQ). 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.
| VOX | PXQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.47 | ||
| Sortino ratioReturn per unit of downside risk | -2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.58 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 6.77 | -5.63 |
| Martin ratioReturn relative to average drawdown | 4.20 | 30.27 | -26.07 |
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Drawdowns
VOX vs. PXQ - Drawdown Comparison
The maximum VOX drawdown since its inception was -57.18%, roughly equal to the maximum PXQ drawdown of -57.18%. Use the drawdown chart below to compare losses from any high point for VOX and PXQ.
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Drawdown Indicators
| VOX | PXQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.18% | -57.18% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -13.56% | -12.30% | -1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -21.15% | -21.40% | +0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -46.76% | -34.55% | -12.21% |
Max Drawdown (10Y)Largest decline over 10 years | -46.76% | -34.55% | -12.21% |
Current DrawdownCurrent decline from peak | -6.27% | -7.20% | +0.93% |
Average DrawdownAverage peak-to-trough decline | -11.90% | -10.73% | -1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 2.75% | +0.92% |
Volatility
VOX vs. PXQ - Volatility Comparison
The current volatility for Vanguard Communication Services ETF (VOX) is 4.01%, while Invesco Next Gen Connectivity ETF (PXQ) has a volatility of 13.73%. This indicates that VOX experiences smaller price fluctuations and is considered to be less risky than PXQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VOX | PXQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.01% | 13.73% | -9.72% |
Volatility (6M)Calculated over the trailing 6-month period | 11.29% | 20.56% | -9.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.48% | 24.00% | -8.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.17% | 23.67% | -2.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.90% | 23.22% | -2.32% |
VOX vs. PXQ - Expense Ratio Comparison
VOX has a 0.09% expense ratio, which is lower than PXQ's 0.40% expense ratio.
Dividends
VOX vs. PXQ - Dividend Comparison
VOX's dividend yield for the trailing twelve months is around 1.01%, more than PXQ's 0.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXQ Invesco Next Gen Connectivity ETF | 0.61% | 0.86% | 1.38% | 0.60% | 2.24% | 0.55% | 0.18% | 0.44% | 1.22% | 0.66% | 0.44% | 0.00% |
VOX Vanguard Communication Services ETF | 1.01% | 0.95% | 1.05% | 1.03% | 0.88% | 0.93% | 0.73% | 0.90% | 2.77% | 3.83% | 2.67% | 3.55% |
Frequently Asked Questions
VOX and PXQ have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PXQ has higher volatility (13.73%) compared to VOX (4.01%). In terms of maximum drawdown, VOX dropped -57.18% vs PXQ's -57.18%.
On 10-year performance, PXQ leads with 20.79% vs 8.94% for VOX. On fees, VOX is cheaper at 0.09% per year. On volatility, VOX has been the lower-risk option at 4.01%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PXQ has performed better with a 20.79% return vs 8.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOX is cheaper with a 0.09% expense ratio, compared with 0.40% for PXQ.
VOX has the higher dividend yield at 1.01%, compared with 0.61% for PXQ.
VOX is categorized as Communications Equities, while PXQ is Technology Equities. VOX tracks MSCI US Investable Market Communication Services 25/50 Index, while PXQ tracks STOXX World AC NexGen Connectivity Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.09% for VOX and 0.40% for PXQ.
PXQ currently has the higher Sharpe Ratio (3.47 vs 1.00), 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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