PXJ vs SPY
Invesco Oil and Gas Services ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. PXJ delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | PXJ | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.63% | 0.09% | |
| AUM | $62M | $789.1B | |
| Dividend Yield | 2.62% | 1.01% | |
| Holdings | 33 | 505 | |
| YTD Return | +51.70% | +13.68% | |
| 1Y Return | +83.56% | +21.53% | |
| 3Y Return (annualized) | +18.03% | +21.44% | |
| 5Y Return (annualized) | +24.64% | +13.18% | |
| Volatility (annualized) | 37.1% | 15.3% | |
| Max Drawdown | -95.3% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 26, 2005 | Jan 22, 1993 |
PXJ vs SPY Performance
Invesco Oil and Gas Services ETF (PXJ) is a ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year PXJ returned +83.56% while SPY returned +21.53%. Year to date, PXJ is up 51.70% versus a gain of 13.68% for SPY.
Over three years, PXJ compounded at +18.03% per year against +21.44% for SPY; over five years the annualized figures are +24.64% and +13.18% respectively. Across the full 21-year window we track, SPY has the edge at +8.85% annualized vs -2.32%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PXJ has been the more volatile fund, with annualized monthly volatility of 37.1% compared with 15.3% for SPY. 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 -95.3% for PXJ and -56.5% for SPY. 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PXJ charges 0.63% per year while SPY charges 0.09%. On a $10,000 position that is $63 vs $9 annually, a gap of $54 per year that compounds over a long holding period. On income, PXJ currently yields 2.62% against 1.01% for SPY.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, PXJ or SPY?
PXJ has an expense ratio of 0.63% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $54 per year of difference.
Which performed better, PXJ or SPY?
Over the past year PXJ returned +83.56% vs +21.53% for SPY, so PXJ leads on 1-year performance. Over the longest common window we track (21 years), PXJ annualized -2.32% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, PXJ or SPY?
PXJ has been the more volatile fund at 37.1% annualized versus 15.3% for SPY. Worst drawdown: PXJ -95.3% vs SPY -56.5%.
Should I hold both PXJ and SPY?
PXJ and SPY have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PXJ and SPY?
PXJ and SPY share 2 common holdings with a 0.1% weight overlap. Combined, they hold 532 unique securities.
Which pays a higher dividend, PXJ or SPY?
PXJ yields 2.62% while SPY yields 1.01%, so PXJ currently pays the higher dividend yield.
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