Invesco DWA Energy Momentum ETF (PXI) Performance
PXI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +47.7% since Dec 31, 2025
- 1 year
- +42.3% total return
- 5 years
- +16.6% a year
- 10 years
- +6.5% a year
- Since first price
- +6.1% a year since 2006
PXI trailing returns vs SPY, QQQ, AGG
| Period | PXI total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +6.5% | +6.5% | −1.0% | −5.0% | +0.9% |
| 3 months | +11.0% | +10.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +15.1% | +14.3% | +7.8% | +8.4% | −1.5% |
| YTD | +47.7% | +46.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +42.3% | +40.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +55.7%+15.9%/yr | +48.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +115.4%+16.6%/yr | +95.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +87.6%+6.5%/yr | +58.6% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +121.3%+5.4%/yr | +76.8% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +221.1%+6.0%/yr | +149.4% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionOct 12, 2006 | +230.1%+6.1%/yr | +156.4% | — | — | — |
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: PXI vs SPY
From Oct 12, 2006: PXI grew to $33,012, SPY to $80,382.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PXI returns by calendar year
13 of 19 full years positive. Best 2021 (+75.1%), worst 2008 (−46.9%). 2026 is year to date.
PXI annual returns table
| Year | PXI | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +47.7% | −12.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +3.9% | −27.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +0.8% | −19.2% | +24.9% | +25.6% | +1.3% |
| 2023 | +5.5% | −22.6% | +26.2% | +54.9% | +5.7% |
| 2022 | +45.8% | −33.5% | −18.2% | −32.6% | −13.0% |
| 2021 | +75.1% | −30.6% | +28.7% | +27.4% | −1.8% |
| 2020 | −35.9% | −68.0% | +18.3% | +48.6% | +7.5% |
| 2019 | +1.7% | −28.7% | +31.2% | +39.0% | +8.5% |
| 2018 | −27.6% | −43.3% | −4.6% | −0.1% | +0.1% |
| 2017 | −8.4% | −33.4% | +21.7% | +32.7% | +3.6% |
| 2016 | +30.7% | −21.0% | +12.0% | +7.1% | +2.4% |
| 2015 | −23.8% | −34.1% | +1.2% | +9.4% | +0.5% |
| 2014 | −18.4% | −39.1% | +13.5% | +19.2% | +6.0% |
| 2013 | +30.5% | −9.5% | +32.3% | +36.6% | −2.0% |
| 2012 | +14.0% | −19.7% | +16.0% | +18.1% | +3.8% |
| 2011 | +2.6% | −34.2% | +1.9% | +3.4% | +7.7% |
| 2010 | +39.6% | −17.0% | +15.1% | +19.9% | +6.4% |
| 2009 | +42.2% | −32.6% | +26.4% | +54.7% | +3.0% |
| 2008 | −46.9% | −64.9% | −36.8% | −41.7% | +7.9% |
| 2007 | +30.1% | −14.7% | +5.1% | +19.0% | +6.6% |
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.
PXI largest drawdowns
Now 1.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 23, 2014 | −85.1% | Mar 18, 2020 | Mar 2, 2026 | 5.7 years | 11.7 years |
| Jun 23, 2008 | −67.8% | Mar 6, 2009 | Jul 21, 2011 | 8 months | 3.1 years |
| Jul 22, 2011 | −34.2% | Oct 3, 2011 | Jan 15, 2013 | 2 months | 1.5 years |
| Jan 3, 2008 | −15.2% | Jan 23, 2008 | Apr 7, 2008 | 20 days | 3 months |
| Jul 19, 2007 | −14.7% | Aug 16, 2007 | Oct 15, 2007 | 28 days | 3 months |
| Dec 14, 2006 | −12.4% | Jan 11, 2007 | Mar 22, 2007 | 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.
PXI risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2006 |
|---|---|---|---|---|
| Annualized return | +11.5% | +16.9% | +5.7% | +5.5% |
| Volatility (annualized) | 21.2% | 27.9% | 37.9% | 32.9% |
| Sharpe ratio | 0.41 | 0.57 | 0.28 | 0.29 |
| Sortino ratio | 0.66 | 0.93 | 0.43 | 0.43 |
| Best month | +14.1% | +22.6% | +45.5% | +45.5% |
| Worst month | −11.5% | −20.9% | −46.4% | −46.4% |
| Best 12 months | +61.1% | +61.1% | +172.4% | +172.4% |
| Worst 12 months | −17.5% | −23.9% | −66.5% | −66.5% |
| Positive months | 58% | 60% | 54% | 56% |
| Beta vs S&P 500 | 0.43 | 0.76 | 1.38 | — |
| Correlation with S&P 500 | 0.25 | 0.43 | 0.56 | — |
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.
PXI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 229 | −66.5% | +8.1% | +172.4% | 59% |
| 3-year (a year) | 205 | −34.5% | +4.3% | +59.4% | 58% |
| 5-year (a year) | 181 | −25.0% | +4.3% | +35.6% | 63% |
| 10-year (a year) | 121 | −8.5% | +1.1% | +8.3% | 65% |
Every holding period starting at a month-end since 2006. Returns for 3 years and longer are annualized.
PXI performance overview
Invesco DWA Energy Momentum ETF (PXI) returned +42.3% over the past year and +6.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2006 it has returned +6.1% a year, turning $10,000 into about $33,012. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −85.1%, from Jun 23, 2014 to Mar 18, 2020, and it took 6.0 years to get back to the old high. PXI finished 13 of its 19 full calendar years with a gain; the best year was 2021 (+75.1%) and the worst 2008 (−46.9%). Volatility has been 32.9% a year.
Related: PXI chart, PXI holdings, PXI dividends, PXI valuation. See the PXI overview for the latest quote and fund facts.
PXI performance FAQ
What is the PXI return over the past year?
PXI returned +42.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 40.4%.
What is the average annual return of PXI?
PXI has returned +16.6% a year over 5 years, +6.5% a year over 10 years, +6.1% a year since October 12, 2006 (total return, distributions reinvested).
How much would $10,000 invested in PXI be worth?
$10,000 invested in PXI at its first recorded close on October 12, 2006 would be worth about $33,012 on October 23, 2026 with distributions reinvested.
What was the worst year for PXI?
The worst calendar year was 2008, with a total return of −46.9%. The best was 2021 at +75.1%.
What is the biggest drawdown of PXI?
The largest peak-to-trough decline was −85.1% between June 23, 2014 and March 18, 2020. It recovered to the old high on March 2, 2026, 6.0 years after the bottom.
How volatile is PXI?
Over the past 3 years PXI had an annualized volatility of 21.2% and a Sharpe ratio of 0.41 (excess return over 1–3 month T-bills per unit of risk).