PXE vs VOO
Invesco Energy Exploration & Production ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. PXE delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | PXE | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.61% | 0.03% | |
| AUM | $81M | $979.0B | |
| Dividend Yield | 1.96% | 1.09% | |
| Holdings | 33 | 509 | |
| YTD Return | +36.54% | +13.79% | |
| 1Y Return | +43.49% | +23.01% | |
| 3Y Return (annualized) | +8.15% | +21.78% | |
| 5Y Return (annualized) | +22.22% | +13.39% | |
| Volatility (annualized) | 35.8% | 14.1% | |
| Max Drawdown | -86.3% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 26, 2005 | Sep 7, 2010 |
PXE vs VOO Performance
Invesco Energy Exploration & Production ETF (PXE) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PXE returned +43.49% while VOO returned +23.01%. Year to date, PXE is up 36.54% versus a gain of 13.79% for VOO.
Over three years, PXE compounded at +8.15% per year against +21.78% for VOO; over five years the annualized figures are +22.22% and +13.39% respectively. Across the full 16-year window we track, VOO has the edge at +13.57% 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 14.1% for VOO. 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 -86.3% for PXE and -34.3% for VOO. 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 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PXE charges 0.61% per year while VOO charges 0.03%. On a $10,000 position that is $61 vs $3 annually, a gap of $58 per year that compounds over a long holding period. On income, PXE currently yields 1.96% against 1.09% for VOO.
Holdings Overlap
PXE and VOO share 10 holdings out of 526 unique holdings combined, representing a 0.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PXE or VOO?
PXE has an expense ratio of 0.61% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $58 per year of difference.
Which performed better, PXE or VOO?
Over the past year PXE returned +43.49% vs +23.01% for VOO, so PXE leads on 1-year performance. Over the longest common window we track (16 years), PXE annualized +4.98% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, PXE or VOO?
PXE has been the more volatile fund at 35.8% annualized versus 14.1% for VOO. Worst drawdown: PXE -86.3% vs VOO -34.3%.
Should I hold both PXE and VOO?
PXE and VOO have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PXE and VOO?
PXE and VOO share 10 common holdings with a 0.8% weight overlap. Combined, they hold 526 unique securities.
Which pays a higher dividend, PXE or VOO?
PXE yields 1.96% while VOO yields 1.09%, so PXE currently pays the higher dividend yield.
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