CXE vs PXJ

Comparison between MFS High Income Municipal Trust (CXE, ETF) and INVESCO OIL & GAS SERVICES ETF (PXJ, ETF).

5-Year PerformancePXJ has outperformed CXE, delivering a return of +18.7% compared to -2.6%

CXE vs PXJ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CXE(ETF)	PXJ(ETF)
Net Assets	$129M	$129M
Expense Ratio	N/A	0.63%
Max Drawdown	63.84%	95.35%
Sharpe Ratio	0.77	2.17
5Y Beta	0.13	1.07
P/E Ratio	N/A	34.11
Forward P/E	N/A	9.67
5Y Dividends CAGR	-0.28%	1.26%
Debt to Equity	N/A	53.74%
P/S Ratio	N/A	1.53
P/B Ratio	N/A	1.71

Net Assets

CXE

$129M

PXJ

$129M

Expense Ratio

CXE

N/A

PXJ

0.63%

Max Drawdown

Winner

CXE

63.84%

PXJ

95.35%

Sharpe Ratio

CXE

0.77

Winner

PXJ

2.17

5Y Beta

Winner

CXE

0.13

PXJ

1.07

P/E Ratio

CXE

N/A

PXJ

34.11

Forward P/E

CXE

N/A

PXJ

9.67

5Y Dividends CAGR

CXE

-0.28%

Winner

PXJ

1.26%

Debt to Equity

CXE

N/A

PXJ

53.74%

P/S Ratio

CXE

N/A

PXJ

1.53

P/B Ratio

CXE

N/A

PXJ

1.71

CXE vs PXJ - Historical Returns

Returns include dividend reinvestment.

Period	CXE	PXJ
1 month	-0.51%	-2.57%
3 months	-1.68%	+14.40%
6 months	+1.60%	+46.08%
1 year	+11.23%	+77.82%
5 years(CAGR)	-2.59%	+18.72%
10 years(CAGR)	+1.34%	-0.90%
Max(CAGR)	+4.19%	-1.59%

Winner

CXE

-0.51%

PXJ

-2.57%

CXE

-1.68%

Winner

PXJ

+14.40%

CXE

+1.60%

Winner

PXJ

+46.08%

CXE

+11.23%

Winner

PXJ

+77.82%

5Y(CAGR)

CXE

-2.59%

Winner

PXJ

+18.72%

10Y(CAGR)

Winner

CXE

+1.34%

PXJ

-0.90%

Max(CAGR)

Winner

CXE

+4.19%

PXJ

-1.59%

CXE vs PXJ - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	CXE	PXJ
2026	+1.94%	+47.96%
2025	+6.29%	+6.02%
2024	+6.49%	+0.48%
2023	+5.19%	+20.30%
2022	-27.57%	+52.63%
2021	+7.05%	+9.45%
2020	-1.56%	-43.99%
2019	+17.75%	-3.84%
2018	-7.61%	-41.00%
2017	+12.89%	-25.52%
2016	+4.82%	+8.57%
2015	+8.46%	-31.08%
2014	+14.53%	-30.47%
2013	-14.04%	+24.19%
2012	+11.07%	-2.27%
2011	+21.82%	-7.89%
2010	+4.70%	+24.34%
2009	+75.31%	+43.34%
2008	-43.87%	-60.39%
2007	-16.27%	+45.64%
2006	+9.01%	+3.92%
2005	+11.02%	+10.10%
2004	+5.77%	N/A
2003	+9.75%	N/A
2002	+7.15%	N/A
2001	+3.46%	N/A
2000	-0.89%	N/A
1999	+0.00%	N/A

CXE vs PXJ Drawdown Comparison

The maximum drawdown for CXE was -56.75%, occurring on Dec 16, 2008. Recovery took 1103 trading sessions.

The maximum drawdown for PXJ was -94.82%, occurring on Mar 18, 2020. This drawdown has not yet recovered.

The current CXE drawdown is -14.38%. The current PXJ drawdown is -65.49%.

Rank	CXE	PXJ
#1	-56.75% Mar 23, 2006 - Aug 10, 2010	-94.82% Jun 23, 2008 - Mar 18, 2020
#2	-39.20% Aug 27, 2021 - Oct 19, 2023	-24.43% May 9, 2006 - Apr 26, 2007
#3	-34.08% Feb 25, 2020 - May 4, 2021	-19.12% Jan 3, 2008 - Apr 16, 2008
#4	-24.27% Sep 28, 2012 - Nov 30, 2015	-18.88% Jan 30, 2006 - May 2, 2006
#5	-14.93% Sep 2, 2010 - Sep 29, 2011	-14.91% Jul 23, 2007 - Sep 21, 2007
#6	-14.57% Mar 9, 2004 - Oct 12, 2004	-12.20% Oct 15, 2007 - Jan 3, 2008
#7	-14.03% Sep 8, 2000 - Jan 5, 2001	-7.50% Apr 21, 2008 - May 8, 2008
#8	-13.94% Jul 8, 2016 - Jul 3, 2017	-7.08% Nov 3, 2005 - Nov 21, 2005
#9	-11.93% Nov 5, 1999 - Sep 8, 2000	-5.56% Dec 12, 2005 - Jan 3, 2006
#10	-11.51% Nov 28, 2017 - Mar 29, 2019	-4.46% Jun 4, 2007 - Jun 14, 2007
#11	-10.76% Aug 1, 2019 - Feb 24, 2020	-4.23% Nov 22, 2005 - Dec 1, 2005
#12	-9.79% Sep 17, 2002 - Apr 23, 2003	-3.78% May 20, 2008 - Jun 5, 2008
#13	-8.57% Aug 29, 2001 - Feb 22, 2002	-3.74% Jun 22, 2007 - Jul 2, 2007
#14	-7.96% Feb 14, 2005 - Sep 28, 2005	-3.69% Jan 23, 2006 - Jan 30, 2006
#15	-7.85% Jan 16, 2001 - Aug 16, 2001	-3.47% May 21, 2007 - Jun 1, 2007

Correlation

Correlation between CXE and PXJ is -0.74 which considered as a strong negative correlation - the stocks tend to move in opposite directions.

-0.74

-101

Dividend Comparison (2000 - 2026)

CXE vs PXJ dividend yield comparison.

Year	CXE	PXJ
2026	3.36%	0.47%
2025	5.59%	2.91%
2024	4.97%	3.34%
2023	4.39%	1.99%
2022	5.70%	0.65%
2021	4.74%	2.40%
2020	4.86%	4.72%
2019	4.73%	1.87%
2018	6.17%	0.99%
2017	5.72%	2.75%
2016	6.04%	1.19%
2015	6.27%	2.36%
2014	6.39%	1.12%
2013	7.25%	0.34%
2012	6.67%	0.13%
2011	7.23%	0.01%
2010	8.26%	0.36%
2009	7.56%	0.46%
2008	11.99%	0.40%
2007	6.42%	0.00%
2006	6.32%	0.00%
2005	6.70%	0.00%
2004	7.87%	0.00%
2003	7.59%	0.00%
2002	8.03%	0.00%
2001	7.00%	0.00%
2000	3.17%	0.00%