PXI vs VOO
Invesco Dorsey Wright Energy Momentum ETF vs Vanguard S&P 500 ETF
Which is better, PXI or VOO?
Mid Cap Value against Large Cap Blend.
VOO has a lower expense ratio. PXI led over 1Y and 5Y, VOO over 3Y and the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 43.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PXI | VOO |
|---|---|---|
| Expense Ratio | 0.60% | 0.03%Best |
| AUM | $64M | $1.0T |
| Dividend Yield | 1.15% | 1.04% |
| Holdings | 100 | 506 |
| YTD Return | +36.86%Best | +13.59% |
| 1Y Return | +35.66%Best | +16.33% |
| 3Y Return (annualized) | +13.93% | +23.81%Best |
| 5Y Return (annualized) | +16.21%Best | +14.02% |
| Volatility (annualized) | 33.6% | 14.1%Best |
| Max Drawdown | -86.2% | -34.3%Best |
| $10,000 over 5 years | $21,194Best | $19,271 |
| Top 10 Weight | 43.2% | 37.6%Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Blend |
| Inception | Oct 12, 2006 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Oct 2, 2026 (16.1 years).
PXI vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 16.1 years both funds cover.
PXI vs VOO Performance
Invesco Dorsey Wright Energy Momentum ETF (PXI) is an ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year PXI returned +35.66% while VOO returned +16.33%. Year to date, PXI is up 36.86% versus a gain of 13.59% for VOO.
Over three years, PXI compounded at +13.93% per year against +23.81% for VOO; over five years the annualized figures are +16.21% and +14.02% respectively. Across the full 16-year window we track, VOO has the edge at +13.43% annualized vs +5.60%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PXI has been the more volatile fund, with annualized monthly volatility of 33.6% 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 what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.59. They move together some of the time, and apart the rest.
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 1.15% against 1.04% for VOO.
Holdings Overlap
38.2% of PXI's money is in holdings VOO also owns. 2.8% of VOO's money is in holdings PXI also owns.
The two portfolios partly overlap.
The two holdings books were reported 46 days apart, PXI as of Sep 15, 2026 and VOO as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
13 positions in common, counted across the 48 positions we hold weights for in PXI and 494 in VOO, against full books of 100 and 506.
What only one of them owns
Our book lists 474 positions for VOO that do not appear in our book for PXI (96.4% of the fund), and 33 for PXI that do not appear in VOO (59.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in PXI | Weight in VOO | Difference |
|---|---|---|---|
| MPCMarathon Petroleum Corp | 7.28% | 0.14% | 7.14% |
| TRGPTarga Resources Corp Preferred | 5.48% | 0.09% | 5.39% |
| VLOValero Energy | 4.48% | 0.14% | 4.34% |
| XOMExxon Mobil Corp. | 2.60% | 1.00% | 1.60% |
| BKRBaker Hughes Co | 2.70% | 0.09% | 2.61% |
| CVXChevron Corp | 1.99% | 0.57% | 1.42% |
| COPConocophillips Common Stock USD 0.01 | 2.19% | 0.23% | 1.96% |
| FANGDiamondback Energy, Inc. | 2.26% | 0.06% | 2.20% |
| PSXPhillips 66 | 2.18% | 0.13% | 2.05% |
| APAAPA Corp. | 1.98% | 0.02% | 1.96% |
38.2% of PXI is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $57 a year on a $10,000 investment.
Which performed better, PXI or VOO?
Over the past year PXI returned +35.66% vs +16.33% for VOO, so PXI leads on 1-year performance. Over the longest common window we track (16 years), PXI annualized +5.60% vs +13.43% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PXI or VOO?
PXI has been the more volatile fund at 33.6% 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 their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between PXI and VOO?
38.2% of PXI's money is in holdings VOO also owns. 2.8% of VOO's is in holdings PXI also owns. They hold 13 positions in common, counted across the 48 positions we hold weights for in PXI and 494 in VOO.
Which pays a higher dividend, PXI or VOO?
PXI yields 1.15% while VOO yields 1.04%, so PXI currently pays the higher dividend yield.
Is VOO better than PXI?
VOO has a lower expense ratio. PXI led over 1Y and 5Y, VOO over 3Y and the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 43.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.