PXE vs GOEX
Comparison between INVESCO ENERGY EXPLORATION & PRODUCTION ETF (PXE, ETF) and GLOBAL X GOLD EXPLORERS ETF (GOEX, ETF).
5-Year PerformancePXE has outperformed GOEX, delivering a return of +17.8% compared to +16.9%
PXE vs GOEX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PXE
$134M
Winner
GOEX
$134M
Expense Ratio
Winner
PXE
0.61%
GOEX
0.65%
Max Drawdown
Winner
PXE
86.34%
GOEX
90.62%
Sharpe Ratio
Winner
PXE
1.14
GOEX
0.98
5Y Beta
Winner
PXE
0.77
GOEX
0.81
P/E Ratio
PXE
25.00
GOEX
N/A
Forward P/E
PXE
9.00
GOEX
N/A
PEG Ratio
PXE
-0.17
GOEX
N/A
5Y Dividends CAGR
Winner
PXE
15.92%
GOEX
12.41%
P/S Ratio
PXE
1.16
GOEX
N/A
P/B Ratio
PXE
1.60
GOEX
N/A
PXE vs GOEX - Holdings Comparison
PXE and GOEX have 1 common holdings. Overlap is -0.02%
PXE's top 25 holdings weight is 88.74%. GOEX's top 25 holdings weight is 70.52%.
| Rank | PXE | GOEX |
|---|---|---|
| #1 | MARATHON PETROLEUM CORP (MPC) - 5.73% | HECLA MINING CO (HL) - 5.20% |
| #2 | VALERO ENERGY CORP (VLO) - 5.47% | COEUR MINING INC (CDE) - 4.26% |
| #3 | DIAMONDBACK ENERGY INC (FANG) - 5.10% | DPM METALS INC (DPMLF) - 4.00% |
| #4 | PHILLIPS 66 (PSX) - 5.08% | EQUINOX GOLD CORP ORDINARY SHARES CLASS A (n/a) - 3.86% |
| #5 | OCCIDENTAL PETROLEUM CORP (OXY) - 4.99% | OCEANAGOLD CORP (n/a) - 3.81% |
| #6 | CONOCOPHILLIPS (COP) - 4.76% | ALAMOS GOLD INC CLASS A (n/a) - 3.76% |
| #7 | EQT CORP (EQT) - 4.34% | ELDORADO GOLD CORP (n/a) - 3.47% |
| #8 | EXPAND ENERGY CORP ORDINARY SHARES NEW (EXE) - 4.13% | LUNDIN GOLD INC (LUGDF) - 3.44% |
| #9 | SM ENERGY CO (SM) - 3.48% | SSR MINING INC (n/a) - 3.36% |
| #10 | HF SINCLAIR CORP (DINO) - 3.40% | G MINING VENTURES CORP (GMINF) - 2.92% |
| #11 | PAR PACIFIC HOLDINGS INC (PARR) - 3.38% | PERSEUS MINING LTD (n/a) - 2.80% |
| #12 | CHORD ENERGY CORP ORDINARY SHARES NEW (CHRD) - 3.24% | GREATLAND RESOURCES LTD (n/a) - 2.66% |
| #13 | APA CORP (APA) - 3.22% | RAMELIUS RESOURCES LTD (n/a) - 2.46% |
| #14 | CRESCENT ENERGY CO CLASS A (CRGY) - 2.96% | GENESIS MINERALS LTD (n/a) - 2.38% |
| #15 | CALUMET INC (CLMT) - 2.86% | K92 MINING INC (n/a) - 2.37% |
| #16 | MURPHY OIL CORP (MUR) - 2.85% | TOREX GOLD RESOURCES INC (n/a) - 2.29% |
| #17 | TALOS ENERGY INC ORDINARY SHARES (TALO) - 2.77% | CAPRICORN METALS LTD (n/a) - 2.17% |
| #18 | OVINTIV INC (OVV) - 2.77% | DISCOVERY SILVER CORP (n/a) - 2.10% |
| #19 | PERMIAN RESOURCES CORP CLASS A (PR) - 2.72% | ORLA MINING LTD (n/a) - 2.09% |
| #20 | MATADOR RESOURCES CO (MTDR) - 2.62% | ARTEMIS GOLD INC ORDINARY SHARES (n/a) - 1.92% |
| #21 | ANTERO RESOURCES CORP (AR) - 2.60% | ARIS MINING CORP (ARIS) - 1.91% |
| #22 | CALIFORNIA RESOURCES CORP ORDINARY SHARES NEW (CRC) - 2.59% | WESTGOLD RESOURCES LTD (n/a) - 1.89% |
| #23 | DEVON ENERGY CORP (DVN) - 2.57% | CENTERRA GOLD INC (n/a) - 1.87% |
| #24 | RANGE RESOURCES CORP (RRC) - 2.56% | REGIS RESOURCES LTD (n/a) - 1.83% |
| #25 | MAGNOLIA OIL & GAS CORP CLASS A (MGY) - 2.55% | PAN AFRICAN RESOURCES PLC (n/a) - 1.70% |
| Total Holdings | 33 | 53 |
PXE vs GOEX - Historical Returns
Returns include dividend reinvestment.
1M
Winner
PXE
-7.27%
GOEX
-11.57%
3M
Winner
PXE
+2.95%
GOEX
-27.01%
6M
Winner
PXE
+18.92%
GOEX
-4.99%
1Y
PXE
+37.16%
Winner
GOEX
+48.55%
5Y(CAGR)
Winner
PXE
+17.82%
GOEX
+16.85%
10Y(CAGR)
PXE
+8.15%
Winner
GOEX
+12.49%
Max(CAGR)
Winner
PXE
+6.16%
GOEX
+0.11%
PXE vs GOEX - Annual Returns (2005 - 2026)
Returns include dividend reinvestment.
| Year | PXE | GOEX |
|---|---|---|
| 2026 | +27.52% | -11.91% |
| 2025 | -4.38% | +166.88% |
| 2024 | -2.40% | +21.66% |
| 2023 | +13.54% | -1.01% |
| 2022 | +51.36% | -13.34% |
| 2021 | +91.28% | -20.10% |
| 2020 | -36.28% | +35.15% |
| 2019 | -4.67% | +35.28% |
| 2018 | -24.75% | -16.42% |
| 2017 | -0.67% | +9.64% |
| 2016 | +13.29% | +72.97% |
| 2015 | -19.90% | -12.97% |
| 2014 | -17.40% | -12.18% |
| 2013 | +26.19% | -63.77% |
| 2012 | +18.11% | -31.44% |
| 2011 | -2.62% | -41.71% |
| 2010 | +34.32% | +14.53% |
| 2009 | +13.12% | N/A |
| 2008 | -45.42% | N/A |
| 2007 | +40.41% | N/A |
| 2006 | +7.89% | N/A |
| 2005 | +4.46% | N/A |
PXE vs GOEX Drawdown Comparison
The maximum drawdown for PXE was -83.99%, occurring on Mar 23, 2020. Recovery took 1997 trading sessions.
The maximum drawdown for GOEX was -88.82%, occurring on Jul 23, 2015. Recovery took 3697 trading sessions.
The current PXE drawdown is -10.35%. The current GOEX drawdown is -35.52%.
| Rank | PXE | GOEX |
|---|---|---|
| #1 | -83.99% Jun 23, 2014 - May 26, 2022 | -88.82% Apr 8, 2011 - Dec 19, 2025 |
| #2 | -68.18% Jun 18, 2008 - Jan 29, 2013 | -35.52% Mar 2, 2026 - Jun 5, 2026 |
| #3 | -37.67% Apr 5, 2024 - Mar 12, 2026 | -19.44% Jan 28, 2026 - Feb 26, 2026 |
| #4 | -33.35% Jun 7, 2022 - Mar 18, 2024 | -15.09% Dec 31, 2010 - Apr 8, 2011 |
| #5 | -20.22% Apr 21, 2006 - Jul 31, 2006 | -10.10% Nov 8, 2010 - Nov 30, 2010 |
| #6 | -17.86% Dec 26, 2007 - Apr 9, 2008 | -7.40% Dec 26, 2025 - Jan 6, 2026 |
| #7 | -16.91% Aug 9, 2006 - Dec 5, 2006 | -5.20% Dec 6, 2010 - Dec 28, 2010 |
| #8 | -16.20% Jul 13, 2007 - Oct 16, 2007 | -1.91% Jan 6, 2026 - Jan 12, 2026 |
| #9 | -14.87% Jan 31, 2006 - Apr 19, 2006 | -1.65% Dec 23, 2025 - Dec 26, 2025 |
| #10 | -13.89% Mar 27, 2026 - Apr 17, 2026 | -1.64% Dec 28, 2010 - Dec 31, 2010 |
| #11 | -12.29% Dec 5, 2006 - Mar 22, 2007 | -1.24% Jan 20, 2026 - Jan 22, 2026 |
| #12 | -12.16% May 20, 2013 - Oct 16, 2013 | -0.59% Jan 15, 2026 - Jan 20, 2026 |
| #13 | -10.93% Mar 12, 2013 - May 17, 2013 | N/A |
| #14 | -10.00% Nov 6, 2007 - Dec 21, 2007 | N/A |
| #15 | -9.55% Nov 3, 2005 - Dec 5, 2005 | N/A |
Correlation
Correlation between PXE and GOEX is 0.21 which considered as a very weak or no correlation - the stocks move independently of each other.
0.21
-101
Dividend Comparison (2005 - 2026)
PXE vs GOEX dividend yield comparison.
| Year | PXE | GOEX |
|---|---|---|
| 2026 | 0.28% | 0.00% |
| 2025 | 2.98% | 2.08% |
| 2024 | 2.54% | 2.46% |
| 2023 | 2.78% | 0.05% |
| 2022 | 3.03% | 1.04% |
| 2021 | 1.86% | 2.35% |
| 2020 | 4.10% | 2.62% |
| 2019 | 1.70% | 1.60% |
| 2018 | 1.29% | 0.00% |
| 2017 | 1.54% | 0.00% |
| 2016 | 6.62% | 38.91% |
| 2015 | 2.58% | 11.70% |
| 2014 | 2.05% | 0.13% |
| 2013 | 1.73% | 0.00% |
| 2012 | 2.14% | 4.92% |
| 2011 | 1.27% | 2.36% |
| 2010 | 0.52% | 0.00% |
| 2009 | 0.52% | 0.00% |
| 2008 | 0.56% | 0.00% |
| 2007 | 0.22% | 0.00% |
| 2006 | 0.34% | 0.00% |
| 2005 | 0.10% | 0.00% |
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