XLE vs. PXE
Compare and contrast key facts about Energy Select Sector SPDR Fund (XLE) and Invesco Dynamic Energy Exploration & Production ETF (PXE).
XLE and PXE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLE is a passively managed fund by State Street that tracks the performance of the Energy Select Sector Index. It was launched on Dec 16, 1998. 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 XLE 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: XLE or PXE.
Correlation
The correlation between XLE and PXE is 0.80, 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
XLE vs. PXE - Performance Comparison
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Key characteristics
XLE:
25.12%
PXE:
23.85%
XLE:
-71.54%
PXE:
0.00%
XLE:
-13.88%
PXE:
0.00%
Returns By Period
XLE
-3.02%
4.49%
-10.65%
-9.26%
22.13%
4.30%
PXE
N/A
N/A
N/A
N/A
N/A
N/A
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XLE vs. PXE - Expense Ratio Comparison
XLE has a 0.13% expense ratio, which is lower than PXE's 0.63% expense ratio.
Risk-Adjusted Performance
XLE vs. PXE — Risk-Adjusted Performance Rank
XLE
PXE
XLE vs. PXE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Energy Select Sector SPDR Fund (XLE) 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.
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Dividends
XLE vs. PXE - Dividend Comparison
XLE's dividend yield for the trailing twelve months is around 3.47%, more than PXE's 2.95% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XLE Energy Select Sector SPDR Fund | 3.47% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% |
PXE Invesco Dynamic Energy Exploration & Production ETF | 2.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XLE vs. PXE - Drawdown Comparison
The maximum XLE drawdown since its inception was -71.54%, which is greater than PXE's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for XLE and PXE. For additional features, visit the drawdowns tool.
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Volatility
XLE vs. PXE - Volatility Comparison
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