PXJ vs VYM
Invesco Oil and Gas Services ETF vs Vanguard High Dividend Yield ETF
Which is better, PXJ or VYM?
Small Cap Value against Large Cap Value.
VYM has a lower expense ratio. PXJ led over 1Y, 3Y and 5Y, VYM over the full window. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 44.4%.
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 | PXJ | VYM |
|---|---|---|
| Expense Ratio | 0.63% | 0.04%Best |
| AUM | $67M | $81.6B |
| Dividend Yield | 2.43% | 2.24% |
| Holdings | 32 | 613 |
| YTD Return | +60.51%Best | +14.82% |
| 1Y Return | +78.82%Best | +20.84% |
| 3Y Return (annualized) | +19.28%Best | +18.64% |
| 5Y Return (annualized) | +26.25%Best | +12.28% |
| Volatility (annualized) | 37.4% | 14.5%Best |
| Max Drawdown | -95.3% | -58.8%Best |
| $10,000 over 5 years | $32,074Best | $17,845 |
| Top 10 Weight | 44.4% | 25.9%Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Value |
| Inception | Oct 26, 2005 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Nov 16, 2006 to Sep 4, 2026 (19.8 years).
PXJ 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.
PXJ vs VYM Performance
Invesco Oil and Gas Services ETF (PXJ) is an ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year PXJ returned +78.82% while VYM returned +20.84%. Year to date, PXJ is up 60.51% versus a gain of 14.82% for VYM.
Over three years, PXJ compounded at +19.28% per year against +18.64% for VYM; over five years the annualized figures are +26.25% and +12.28% respectively. Across the full 20-year window we track, VYM has the edge at +7.00% annualized vs -3.02%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PXJ has been the more volatile fund, with annualized monthly volatility of 37.4% 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 -95.3% for PXJ 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 0.66. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PXJ charges 0.63% per year while VYM charges 0.04%. On a $10,000 position that is $63 vs $4 annually, a gap of $59 per year that compounds over a long holding period. On income, PXJ currently yields 2.43% against 2.24% for VYM.
Holdings Overlap
32.9% of PXJ's money is in holdings VYM also owns. 0.5% of VYM's money is in holdings PXJ also owns.
The two portfolios partly overlap.
9 positions in common, counted across the 31 positions we hold weights for in PXJ and 603 in VYM, against full books of 32 and 613.
What only one of them owns
Our book lists 562 positions for VYM that do not appear in our book for PXJ (97.0% of the fund), and 18 for PXJ that do not appear in VYM (52.1%).
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 PXJ | Weight in VYM | Difference |
|---|---|---|---|
| BKRBaker Hughes Co | 4.86% | 0.23% | 4.63% |
| NOVNov Inc Common Stock | 4.99% | 0.03% | 4.96% |
| WFRDWeatherford International Plc | 4.31% | 0.02% | 4.29% |
| NENoble Corp Plc Ordinary Shares | 4.28% | 0.02% | 4.26% |
| HALHalliburton Co. | 4.13% | 0.12% | 4.01% |
| AROCArchrock, Inc. | 2.75% | 0.03% | 2.72% |
| STNG:MHScorpio Tankers Inc. Common Stock | 2.72% | 0.01% | 2.71% |
| HPHelmerich & Payne, Inc. | 2.45% | 0.01% | 2.44% |
| PTENPatterson-Uti Energy Inc | 2.38% | 0.01% | 2.37% |
32.9% of PXJ 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, PXJ or VYM?
PXJ has an expense ratio of 0.63% while VYM charges 0.04%. VYM is the cheaper option, by $59 a year on a $10,000 investment.
Which performed better, PXJ or VYM?
Over the past year PXJ returned +78.82% vs +20.84% for VYM, so PXJ leads on 1-year performance. Over the longest common window we track (20 years), PXJ annualized -3.02% vs +7.00% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PXJ or VYM?
PXJ has been the more volatile fund at 37.4% annualized versus 14.5% for VYM. Worst drawdown: PXJ -95.3% vs VYM -58.8%.
Should I hold both PXJ and VYM?
PXJ and VYM have a monthly-return correlation of 0.66, 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 PXJ and VYM?
32.9% of PXJ's money is in holdings VYM also owns. 0.5% of VYM's is in holdings PXJ also owns. They hold 9 positions in common, counted across the 31 positions we hold weights for in PXJ and 603 in VYM.
Which pays a higher dividend, PXJ or VYM?
PXJ yields 2.43% while VYM yields 2.24%, so PXJ currently pays the higher dividend yield.
Is VYM better than PXJ?
VYM has a lower expense ratio. PXJ led over 1Y, 3Y and 5Y, VYM over the full window. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 44.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.