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ETFs

Invesco Dynamic Oil & Gas Services ETF

PXJ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 26 2005
Expense Ratio
0.63%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$3,468,325
AUM
$94,229,643
Associated Index
Dynamic Oil & Gas Services Intellidex Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

FTI
TechnipFMC plc
5.25%
BKR
Baker Hughes Co - Ordinary Shares - Class A
5.10%
RIG
Transocean Ltd
4.97%
SLB
SLB
4.90%
CHX
ChampionX Corporation
4.71%
HAL
Halliburton Co.
4.65%
HP
Helmerich & Payne, Inc.
4.64%
NOV
NOV Inc
4.62%
TNK
Teekay Tankers Ltd - Ordinary Shares - Class A
3.61%
NVGS
Navigator Holdings Ltd
3.16%
Invest with PXJ

What is PXJ?

The Invesco Dynamic Oil & Gas Services ETF (Fund) is based on the Dynamic Oil Services 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 that assist in the production, processing and distribution of oil and gas. The Underlying Intellidex Index may include companies that are engaged in the drilling of oil and gas wells; manufacturing oil and gas field machinery and equipment; or providing services to the oil and gas industry, such as well analysis, platform and pipeline engineering and construction, logistics and transportation services, oil and gas well emergency management and geophysical data acquisition and processing. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

ETFs related toPXJ

ETFs correlated to PXJ include XES, OIH, IEZ

PXJ
Invesco Capital Management LLC - Invesco Dynamic Oil & Gas Services ETF
XES
SPDR Series Trust - SPDR Oil & Gas Equipment and Services ETF
OIH
VanEck ETF Trust - VanEck Oil Services ETF
IEZ
BlackRock Institutional Trust Company N.A. - iShares U.S. Oil Equipment & Services ETF
PSCE
Invesco Capital Management LLC - Invesco S&P SmallCap Energy ETF
PXI
Invesco Capital Management LLC - Invesco DWA Energy Momentum ETF
VDE
Vanguard Group, Inc. - Vanguard Energy ETF
FENY
Fidelity Covington Trust - Fidelity MSCI Energy Index ETF
IGE
BlackRock Institutional Trust Company N.A. - iShares North American Natural Resources ETF
RYE
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Energy ETF
IXC
BlackRock Institutional Trust Company N.A. - iShares Global Energy 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 toPXJ

#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 PXJ using Composer

FAQ

PXJ is a US Equities ETF. The Invesco Dynamic Oil & Gas Services ETF (Fund) is based on the Dynamic Oil Services 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 that assist in the production, processing and distribution of oil and gas. The Underlying Intellidex Index may include companies that are engaged in the drilling of oil and gas wells; manufacturing oil and gas field machinery and equipment; or providing services to the oil and gas industry, such as well analysis, platform and pipeline engineering and construction, logistics and transportation services, oil and gas well emergency management and geophysical data acquisition and processing. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

PXJ tracks the Dynamic Oil & Gas Services Intellidex Index.

No, PXJ 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, PXJ 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 PXJ is -0.1328%. This is the percent change in the value of PXJ over the most recent 1-month period. The 3-month return on PXJ is -0.0653%. This is the percent change in the value of PXJ over the most recent 3-month period.

The standard deviation of PXJ for the past year is 0.4446%. 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 PXJ include XLI, XLE, and XLP.

ETFs correlated to PXJ include XES, OIH, and IEZ.

ETFs that are inversely correlated to PXJ include DUG, ERY, and OILD.

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.