Invesco Dynamic Energy Exploration… (PXE) Performance
PXE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +61.9% since Dec 31, 2025
- 1 year
- +58.6% total return
- 5 years
- +19.3% a year
- 10 years
- +10.3% a year
- Since first price
- +7.2% a year since 2005
PXE trailing returns vs SPY, QQQ, AGG
| Period | PXE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +12.1% | +12.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +17.7% | +17.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +23.0% | +21.9% | +7.8% | +8.4% | −1.5% |
| YTD | +61.9% | +60.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +58.6% | +55.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +46.8%+13.7%/yr | +36.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +142.0%+19.3%/yr | +111.3% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +166.5%+10.3%/yr | +108.4% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +191.1%+7.4%/yr | +95.2% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +277.5%+6.9%/yr | +146.2% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionOct 26, 2005 | +327.6%+7.2%/yr | +178.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PXE vs SPY
From Oct 26, 2005: PXE grew to $42,758, SPY to $93,442.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PXE returns by calendar year
11 of 20 full years positive. Best 2021 (+94.0%), worst 2008 (−44.9%). 2026 is year to date.
PXE annual returns table
| Year | PXE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +61.9% | −16.7% | +12.3% | +15.1% | −1.0% |
| 2025 | −2.8% | −29.8% | +17.7% | +20.8% | +7.2% |
| 2024 | −1.9% | −23.9% | +24.9% | +25.6% | +1.3% |
| 2023 | +7.7% | −22.9% | +26.2% | +54.9% | +5.7% |
| 2022 | +58.3% | −33.3% | −18.2% | −32.6% | −13.0% |
| 2021 | +94.0% | −25.1% | +28.7% | +27.4% | −1.8% |
| 2020 | −36.8% | −67.8% | +18.3% | +48.6% | +7.5% |
| 2019 | −1.7% | −33.7% | +31.2% | +39.0% | +8.5% |
| 2018 | −23.3% | −43.4% | −4.6% | −0.1% | +0.1% |
| 2017 | +1.0% | −24.9% | +21.7% | +32.7% | +3.6% |
| 2016 | +13.5% | −25.9% | +12.0% | +7.1% | +2.4% |
| 2015 | −19.2% | −33.0% | +1.2% | +9.4% | +0.5% |
| 2014 | −18.1% | −37.1% | +13.5% | +19.2% | +6.0% |
| 2013 | +30.2% | −12.2% | +32.3% | +36.6% | −2.0% |
| 2012 | +22.9% | −22.2% | +16.0% | +18.1% | +3.8% |
| 2011 | −1.5% | −35.0% | +1.9% | +3.4% | +7.7% |
| 2010 | +40.0% | −15.9% | +15.1% | +19.9% | +6.4% |
| 2009 | +19.9% | −35.3% | +26.4% | +54.7% | +3.0% |
| 2008 | −44.9% | −65.4% | −36.8% | −41.7% | +7.9% |
| 2007 | +34.9% | −16.2% | +5.1% | +19.0% | +6.6% |
| 2006 | +12.9% | −20.2% | +15.8% | +7.1% | +3.9% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PXE largest drawdowns
At an all-time high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 23, 2014 | −84.0% | Mar 23, 2020 | May 26, 2022 | 5.7 years | 7.9 years |
| Jun 18, 2008 | −68.2% | Mar 2, 2009 | Jan 29, 2013 | 8 months | 4.6 years |
| Apr 5, 2024 | −37.6% | Apr 8, 2025 | Mar 12, 2026 | 1.0 years | 1.9 years |
| Jun 7, 2022 | −33.3% | Jul 6, 2022 | Mar 18, 2024 | 29 days | 1.8 years |
| Apr 21, 2006 | −20.2% | Jun 13, 2006 | Jul 31, 2006 | 53 days | 3 months |
| Dec 26, 2007 | −17.9% | Jan 23, 2008 | Apr 9, 2008 | 28 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PXE risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2005 |
|---|---|---|---|---|
| Annualized return | +9.2% | +19.0% | +8.9% | +6.5% |
| Volatility (annualized) | 25.3% | 30.6% | 42.5% | 35.7% |
| Sharpe ratio | 0.30 | 0.60 | 0.35 | — |
| Sortino ratio | 0.50 | 1.04 | 0.59 | — |
| Best month | +17.7% | +21.1% | +68.8% | +68.8% |
| Worst month | −16.5% | −22.1% | −43.1% | −43.1% |
| Best 12 months | +61.7% | +76.0% | +193.4% | +193.4% |
| Worst 12 months | −27.2% | −27.2% | −68.3% | −68.3% |
| Positive months | 50% | 55% | 53% | 53% |
| Beta vs S&P 500 | 0.07 | 0.60 | 1.42 | — |
| Correlation with S&P 500 | 0.04 | 0.31 | 0.51 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PXE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 241 | −68.3% | +10.1% | +193.4% | 59% |
| 3-year (a year) | 217 | −33.2% | +2.2% | +70.8% | 54% |
| 5-year (a year) | 193 | −25.2% | +5.3% | +41.6% | 69% |
| 10-year (a year) | 133 | −8.0% | +2.3% | +10.8% | 85% |
Every holding period starting at a month-end since 2005. Returns for 3 years and longer are annualized.
PXE performance overview
Invesco Dynamic Energy Exploration… (PXE) returned +58.6% over the past year and +10.3% a year over ten years, with distributions reinvested. Since its first recorded price in 2005 it has returned +7.2% a year, turning $10,000 into about $42,758. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −84.0%, from Jun 23, 2014 to Mar 23, 2020, and it took 2.2 years to get back to the old high. PXE finished 11 of its 20 full calendar years with a gain; the best year was 2021 (+94.0%) and the worst 2008 (−44.9%). Volatility has been 35.7% a year.
Related: PXE chart, PXE holdings, PXE dividends, PXE valuation. See the PXE overview for the latest quote and fund facts.
PXE performance FAQ
What is the PXE return over the past year?
PXE returned +58.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 55.7%.
What is the average annual return of PXE?
PXE has returned +19.3% a year over 5 years, +10.3% a year over 10 years, +7.2% a year since October 26, 2005 (total return, distributions reinvested).
How much would $10,000 invested in PXE be worth?
$10,000 invested in PXE at its first recorded close on October 26, 2005 would be worth about $42,758 on October 23, 2026 with distributions reinvested.
What was the worst year for PXE?
The worst calendar year was 2008, with a total return of −44.9%. The best was 2021 at +94.0%.
What is the biggest drawdown of PXE?
The largest peak-to-trough decline was −84.0% between June 23, 2014 and March 23, 2020. It recovered to the old high on May 26, 2022, 2.2 years after the bottom.
How volatile is PXE?
Over the past 3 years PXE had an annualized volatility of 25.3% and a Sharpe ratio of 0.30 (excess return over 1–3 month T-bills per unit of risk).