PXI vs VOO
Invesco Dorsey Wright Energy Momentum ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. PXI delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | PXI | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.03% | |
| AUM | $55M | $997.4B | |
| Dividend Yield | 1.26% | 1.08% | |
| Holdings | 44 | 509 | |
| YTD Return | +37.88% | +13.20% | |
| 1Y Return | +57.60% | +21.62% | |
| 3Y Return (annualized) | +14.36% | +22.16% | |
| 5Y Return (annualized) | +26.11% | +13.42% | |
| Volatility (annualized) | 32.9% | 14.1% | |
| Max Drawdown | -86.2% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 12, 2006 | Sep 7, 2010 |
PXI vs VOO Performance
Invesco Dorsey Wright Energy Momentum ETF (PXI) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PXI returned +57.60% while VOO returned +21.62%. Year to date, PXI is up 37.88% versus a gain of 13.20% for VOO.
Over three years, PXI compounded at +14.36% per year against +22.16% for VOO; over five years the annualized figures are +26.11% and +13.42% respectively. Across the full 16-year window we track, VOO has the edge at +13.51% annualized vs +5.16%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PXI has been the more volatile fund, with annualized monthly volatility of 32.9% 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 -86.2% for PXI 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 0.59. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PXI charges 0.60% per year while VOO charges 0.03%. On a $10,000 position that is $60 vs $3 annually, a gap of $57 per year that compounds over a long holding period. On income, PXI currently yields 1.26% against 1.08% for VOO.
Holdings Overlap
PXI and VOO share 9 holdings out of 539 unique holdings combined, representing a 1.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PXI or VOO?
PXI has an expense ratio of 0.60% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, PXI or VOO?
Over the past year PXI returned +57.60% vs +21.62% for VOO, so PXI leads on 1-year performance. Over the longest common window we track (16 years), PXI annualized +5.16% vs +13.51% for VOO. Past performance does not guarantee future results.
Which is riskier, PXI or VOO?
PXI has been the more volatile fund at 32.9% annualized versus 14.1% for VOO. Worst drawdown: PXI -86.2% vs VOO -34.3%.
Should I hold both PXI and VOO?
PXI and VOO have a monthly-return correlation of 0.59, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PXI and VOO?
PXI and VOO share 9 common holdings with a 1.3% weight overlap. Combined, they hold 539 unique securities.
Which pays a higher dividend, PXI or VOO?
PXI yields 1.26% while VOO yields 1.08%, so PXI currently pays the higher dividend yield.
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