PXJ vs VYM
Invesco Oil and Gas Services ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. PXJ delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | PXJ | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.63% | 0.04% | |
| AUM | $62M | $79.0B | |
| Dividend Yield | 2.62% | 2.86% | |
| Holdings | 33 | 568 | |
| YTD Return | +50.68% | +16.16% | |
| 1Y Return | +85.91% | +26.05% | |
| 3Y Return (annualized) | +17.78% | +18.43% | |
| 5Y Return (annualized) | +24.17% | +12.21% | |
| Volatility (annualized) | 37.1% | 14.6% | |
| Max Drawdown | -95.3% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 26, 2005 | Nov 10, 2006 |
PXJ vs VYM Performance
Invesco Oil and Gas Services ETF (PXJ) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year PXJ returned +85.91% while VYM returned +26.05%. Year to date, PXJ is up 50.68% versus a gain of 16.16% for VYM.
Over three years, PXJ compounded at +17.78% per year against +18.43% for VYM; over five years the annualized figures are +24.17% and +12.21% respectively. Across the full 20-year window we track, VYM has the edge at +7.09% annualized vs -2.36%. 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 14.6% 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 worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
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 2.62% against 2.86% for VYM.
Holdings Overlap
PXJ and VYM share 8 holdings out of 581 unique holdings combined, representing a 0.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $59 per year of difference.
Which performed better, PXJ or VYM?
Over the past year PXJ returned +85.91% vs +26.05% for VYM, so PXJ leads on 1-year performance. Over the longest common window we track (20 years), PXJ annualized -2.36% vs +7.09% for VYM. Past performance does not guarantee future results.
Which is riskier, PXJ or VYM?
PXJ has been the more volatile fund at 37.1% annualized versus 14.6% 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 combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PXJ and VYM?
PXJ and VYM share 8 common holdings with a 0.5% weight overlap. Combined, they hold 581 unique securities.
Which pays a higher dividend, PXJ or VYM?
PXJ yields 2.62% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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