PXI vs VYM
Invesco Dorsey Wright Energy Momentum ETF vs Vanguard High Dividend Yield ETF
Which is better, PXI or VYM?
Mid Cap Value against Large Cap Value.
VYM has a lower expense ratio. PXI led over 1Y and 5Y, VYM over 3Y and the full window. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 41.4%.
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 | VYM |
|---|---|---|
| Expense Ratio | 0.60% | 0.04%Best |
| AUM | $56M | $81.6B |
| Dividend Yield | 1.15% | 2.22% |
| Holdings | 44 | 613 |
| YTD Return | +41.86%Best | +13.15% |
| 1Y Return | +49.69%Best | +17.82% |
| 3Y Return (annualized) | +14.13% | +17.99%Best |
| 5Y Return (annualized) | +22.52%Best | +12.16% |
| Volatility (annualized) | 32.9% | 14.5%Best |
| Max Drawdown | -86.2% | -58.8%Best |
| $10,000 over 5 years | $27,608Best | $17,750 |
| Top 10 Weight | 41.4% | 25.9%Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Value |
| Inception | Oct 12, 2006 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Nov 16, 2006 to Sep 10, 2026 (19.8 years).
PXI vs VYM 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 19.8 years both funds cover.
PXI vs VYM Performance
Invesco Dorsey Wright Energy Momentum ETF (PXI) is an ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year PXI returned +49.69% while VYM returned +17.82%. Year to date, PXI is up 41.86% versus a gain of 13.15% for VYM.
Over three years, PXI compounded at +14.13% per year against +17.99% for VYM; over five years the annualized figures are +22.52% and +12.16% respectively. Across the full 20-year window we track, VYM has the edge at +6.91% annualized vs +5.01%.
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 14.5% for VYM. 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 -58.8% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.64. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PXI charges 0.60% per year while VYM charges 0.04%. On a $10,000 position that is $60 vs $4 annually, a gap of $56 per year that compounds over a long holding period. On income, PXI currently yields 1.15% against 2.22% for VYM.
Holdings Overlap
64.5% of PXI's money is in holdings VYM also owns. 6.9% of VYM's money is in holdings PXI also owns.
The two portfolios partly overlap.
26 positions in common, counted across the 48 positions we hold weights for in PXI and 603 in VYM, against full books of 44 and 613.
What only one of them owns
Our book lists 543 positions for VYM that do not appear in our book for PXI (90.6% of the fund), and 20 for PXI that do not appear in VYM (32.8%).
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 VYM | Difference |
|---|---|---|---|
| MPCMarathon Petroleum Corp. | 6.41% | 0.31% | 6.10% |
| TRGPTarga Resources Corp. | 5.57% | 0.24% | 5.33% |
| XOMExxon Mobil Corp. | 2.69% | 2.36% | 0.33% |
| VLOValero Energy Corp. | 3.97% | 0.32% | 3.65% |
| PRPermian Resources Corp | 3.82% | 0.06% | 3.76% |
| DINOHollyfrontier | 3.80% | 0.04% | 3.76% |
| DKDelek Us Holdings Inc | 3.49% | 0.01% | 3.48% |
| BKRBaker Hughes A Ge Co. Class A | 3.15% | 0.23% | 2.92% |
| CVXChevron Corp. | 1.98% | 1.28% | 0.70% |
| COPConocophillips Co | 2.09% | 0.53% | 1.56% |
64.5% of PXI is already inside VYM.
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 VYM?
PXI has an expense ratio of 0.60% while VYM charges 0.04%. VYM is the cheaper option, by $56 a year on a $10,000 investment.
Which performed better, PXI or VYM?
Over the past year PXI returned +49.69% vs +17.82% for VYM, so PXI leads on 1-year performance. Over the longest common window we track (20 years), PXI annualized +5.01% vs +6.91% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PXI or VYM?
PXI has been the more volatile fund at 32.9% annualized versus 14.5% for VYM. Worst drawdown: PXI -86.2% vs VYM -58.8%.
Should I hold both PXI and VYM?
PXI and VYM have a monthly-return correlation of 0.64, 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 VYM?
64.5% of PXI's money is in holdings VYM also owns. 6.9% of VYM's is in holdings PXI also owns. They hold 26 positions in common, counted across the 48 positions we hold weights for in PXI and 603 in VYM.
Which pays a higher dividend, PXI or VYM?
PXI yields 1.15% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than PXI?
VYM has a lower expense ratio. PXI led over 1Y and 5Y, VYM over 3Y and the full window. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 41.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.