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ETFs

Invesco Dynamic Energy Exploration & Production ETF

PXE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 26 2005
Expense Ratio
0.63%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$3,404,850
AUM
$164,943,115
Associated Index
Dynamic Energy Exploration & Production Intellidex Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

MPC
Marathon Petroleum Corp
5.48%
VLO
Valero Energy Corp.
5.18%
PSX
Phillips 66
5.14%
FANG
Diamondback Energy Inc
5.12%
COP
Conoco Phillips
4.93%
PXD
Pioneer Natural Resources Co.
4.88%
DVN
Devon Energy Corp.
4.71%
MRO
Marathon Oil Corporation
4.67%
CIVI
Civitas Resources Inc - Ordinary Shares New
3.14%
PR
Permian Resources Corp - Ordinary Shares - Class A
3.06%
Invest with PXE

What is PXE?

The Invesco Dynamic Energy Exploration & Production ETF (Fund) is based on the Dynamic Energy Exploration & Production Intellidex Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is composed of stocks of 30 U.S. companies involved in the exploration and production of natural resources used to produce energy. These companies are engaged principally in exploration, extraction and production of crude oil and natural gas from land-based or offshore wells. These companies include petroleum refineries that process the crude oil into finished products, such as gasoline and automotive lubricants, and companies involved in gathering and processing natural gas, and manufacturing natural gas liquid. The Fund is rebalanced and reconstituted quarterly in February, May, August and November.

ETFs related toPXE

ETFs correlated to PXE include XOP, GUSH, IEO

PXE
Invesco Capital Management LLC - Invesco Dynamic Energy Exploration & Production ETF
XOP
SPDR Series Trust - SPDR Oil & Gas Exploration and Production ETF
GUSH
Direxion Shares ETF Trust - Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares
IEO
BlackRock Institutional Trust Company N.A. - iShares U.S. Oil & Gas Exploration & Production ETF
FTXN
First Trust Exchange-Traded Fund III - First Trust Nasdaq Oil & Gas ETF
FCG
First Trust Exchange-Traded Fund III - First Trust Natural Gas ETF
PXI
Invesco Capital Management LLC - Invesco DWA Energy Momentum ETF
RYE
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Energy ETF
FXN
First Trust Exchange-Traded Fund III - First Trust Energy AlphaDEX Fund
VDE
Vanguard Group, Inc. - Vanguard Energy ETF
FENY
Fidelity Covington Trust - Fidelity MSCI Energy Index ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toPXE

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus

Risk Rating

Moderate

Create your own algorithmic trading strategy with PXE using Composer

FAQ

PXE is a US Equities ETF. The Invesco Dynamic Energy Exploration & Production ETF (Fund) is based on the Dynamic Energy Exploration & Production Intellidex Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is composed of stocks of 30 U.S. companies involved in the exploration and production of natural resources used to produce energy. These companies are engaged principally in exploration, extraction and production of crude oil and natural gas from land-based or offshore wells. These companies include petroleum refineries that process the crude oil into finished products, such as gasoline and automotive lubricants, and companies involved in gathering and processing natural gas, and manufacturing natural gas liquid. The Fund is rebalanced and reconstituted quarterly in February, May, August and November.

PXE tracks the Dynamic Energy Exploration & Production Intellidex Index.

No, PXE is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, PXE is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PXE is -0.1602%. This is the percent change in the value of PXE over the most recent 1-month period. The 3-month return on PXE is -0.1486%. This is the percent change in the value of PXE over the most recent 3-month period.

The standard deviation of PXE for the past year is 0.4438%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PXE include XLY, XLI, and XLE.

ETFs correlated to PXE include XOP, GUSH, and IEO.

ETFs that are inversely correlated to PXE include DRIP, OILD, and DUG.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.