XES vs. PXJ
Compare and contrast key facts about SPDR S&P Oil & Gas Equipment & Services ETF (XES) and Invesco Dynamic Oil & Gas Services ETF (PXJ).
XES and PXJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XES is a passively managed fund by State Street that tracks the performance of the S&P Oil & Gas Equipment & Services Select Industry Index. It was launched on Jun 19, 2006. PXJ is a passively managed fund by Invesco that tracks the performance of the Dynamic Oil & Gas Services Intellidex Index. It was launched on Oct 26, 2005. Both XES and PXJ 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: XES or PXJ.
Key characteristics
| XES | PXJ | |
|---|---|---|
| YTD Return | -0.20% | 4.87% |
| 1Y Return | -3.11% | 2.21% |
| 3Y Return (Ann) | 15.01% | 20.58% |
| 5Y Return (Ann) | 5.31% | 7.33% |
| 10Y Return (Ann) | -12.13% | -10.32% |
| Sharpe Ratio | -0.03 | 0.14 |
| Sortino Ratio | 0.17 | 0.38 |
| Omega Ratio | 1.02 | 1.04 |
| Calmar Ratio | -0.01 | 0.05 |
| Martin Ratio | -0.09 | 0.47 |
| Ulcer Index | 10.20% | 7.85% |
| Daily Std Dev | 29.82% | 25.50% |
| Max Drawdown | -95.65% | -94.88% |
| Current Drawdown | -80.75% | -78.28% |
Correlation
The correlation between XES and PXJ is 0.97, 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
XES vs. PXJ - Performance Comparison
In the year-to-date period, XES achieves a -0.20% return, which is significantly lower than PXJ's 4.87% return. Over the past 10 years, XES has underperformed PXJ with an annualized return of -12.13%, while PXJ has yielded a comparatively higher -10.32% 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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XES vs. PXJ - Expense Ratio Comparison
XES has a 0.35% expense ratio, which is lower than PXJ's 0.63% expense ratio.
Risk-Adjusted Performance
XES vs. PXJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Oil & Gas Equipment & Services ETF (XES) and Invesco Dynamic Oil & Gas Services ETF (PXJ). 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
XES vs. PXJ - Dividend Comparison
XES's dividend yield for the trailing twelve months is around 1.14%, less than PXJ's 2.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XES SPDR S&P Oil & Gas Equipment & Services ETF | 1.14% | 0.66% | 0.36% | 1.81% | 1.33% | 1.43% | 1.15% | 1.68% | 0.64% | 2.47% | 1.60% | 0.63% |
PXJ Invesco Dynamic Oil & Gas Services ETF | 2.94% | 2.00% | 0.66% | 2.38% | 4.73% | 0.39% | 1.02% | 2.76% | 1.19% | 2.36% | 1.12% | 0.34% |
Drawdowns
XES vs. PXJ - Drawdown Comparison
The maximum XES drawdown since its inception was -95.65%, roughly equal to the maximum PXJ drawdown of -94.88%. Use the drawdown chart below to compare losses from any high point for XES and PXJ. For additional features, visit the drawdowns tool.
Volatility
XES vs. PXJ - Volatility Comparison
SPDR S&P Oil & Gas Equipment & Services ETF (XES) has a higher volatility of 10.86% compared to Invesco Dynamic Oil & Gas Services ETF (PXJ) at 10.12%. This indicates that XES's price experiences larger fluctuations and is considered to be riskier than PXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.