IVV vs PXE
iShares Core S&P 500 ETF vs Invesco Energy Exploration & Production ETF
Quick Verdict
IVV has a lower expense ratio. PXE delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | PXE | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.61% | |
| AUM | $865.2B | $81M | |
| Dividend Yield | 1.09% | 1.96% | |
| Holdings | 508 | 33 | |
| YTD Return | +13.80% | +36.54% | |
| 1Y Return | +23.01% | +43.49% | |
| 3Y Return (annualized) | +21.77% | +8.15% | |
| 5Y Return (annualized) | +13.39% | +22.22% | |
| Volatility (annualized) | 15.1% | 35.8% | |
| Max Drawdown | -56.5% | -86.3% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Oct 26, 2005 |
IVV vs PXE Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco Energy Exploration & Production ETF (PXE) is a ETF from Invesco (US). Over the past year IVV returned +23.01% while PXE returned +43.49%. Year to date, IVV is up 13.80% versus a gain of 36.54% for PXE.
Over three years, IVV compounded at +21.77% per year against +8.15% for PXE; over five years the annualized figures are +13.39% and +22.22% respectively. Across the full 21-year window we track, IVV has the edge at +7.04% annualized vs +4.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PXE has been the more volatile fund, with annualized monthly volatility of 35.8% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -86.3% for PXE. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while PXE charges 0.61%. On a $10,000 position that is $3 vs $61 annually, a gap of $58 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.96% for PXE.
Holdings Overlap
IVV and PXE share 10 holdings out of 526 unique holdings combined, representing a 0.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or PXE?
IVV has an expense ratio of 0.03% while PXE charges 0.61%. IVV is the cheaper option. On a $10,000 investment, that is $58 per year of difference.
Which performed better, IVV or PXE?
Over the past year IVV returned +23.01% vs +43.49% for PXE, so PXE leads on 1-year performance. Over the longest common window we track (21 years), IVV annualized +7.04% vs +4.98% for PXE. Past performance does not guarantee future results.
Which is riskier, IVV or PXE?
PXE has been the more volatile fund at 35.8% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PXE -86.3%.
Should I hold both IVV and PXE?
IVV and PXE have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PXE?
IVV and PXE share 10 common holdings with a 0.9% weight overlap. Combined, they hold 526 unique securities.
Which pays a higher dividend, IVV or PXE?
IVV yields 1.09% while PXE yields 1.96%, so PXE currently pays the higher dividend yield.
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