PXF vs SPY
Comparison between INVESCO RAFI DEVELOPED MARKETS EX-U.S. ETF (PXF, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed PXF, delivering a return of +13.3% compared to +13.3%
PXF vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PXF
$2.60B
Winner
SPY
$652B
Expense Ratio
PXF
0.43%
Winner
SPY
0.09%
Max Drawdown
PXF
65.71%
Winner
SPY
56.47%
Sharpe Ratio
Winner
PXF
2.40
SPY
2.07
5Y Beta
Winner
PXF
0.69
SPY
1.00
P/E Ratio
PXF
N/A
SPY
28.24
Forward P/E
PXF
N/A
SPY
21.85
5Y Dividends CAGR
Winner
PXF
19.20%
SPY
5.43%
5Y EPS CAGR
PXF
N/A
SPY
25.79%
Debt to Equity
PXF
N/A
SPY
22.35%
P/S Ratio
PXF
N/A
SPY
3.55
P/B Ratio
PXF
N/A
SPY
5.29
PXF vs SPY - Holdings Comparison
PXF and SPY have 9 common holdings. Overlap is 0.29%
PXF's top 25 holdings weight is 24.55%. SPY's top 25 holdings weight is 51.32%.
| Rank | PXF | SPY |
|---|---|---|
| #1 | SAMSUNG ELECTRONICS CO LTD (n/a) - 4.69% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | SHELL PLC (n/a) - 2.11% | APPLE INC (AAPL) - 6.48% |
| #3 | TOTALENERGIES SE (TTE:XPAR) - 1.62% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | HSBC HOLDINGS PLC (n/a) - 1.21% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | BP PLC (n/a) - 1.05% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | ROCHE HOLDING AG ORDINARY SHARES NEW (n/a) - 1.02% | BROADCOM INC (AVGO) - 3.09% |
| #7 | GLENCORE PLC (n/a) - 1.02% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | BHP GROUP LTD (n/a) - 1.01% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | TOYOTA MOTOR CORP (n/a) - 1.00% | TESLA INC (TSLA) - 1.73% |
| #10 | SK HYNIX INC (n/a) - 0.84% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | NOVARTIS AG REGISTERED SHARES (n/a) - 0.70% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | RIO TINTO PLC ORDINARY SHARES (n/a) - 0.69% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | NESTLE SA (n/a) - 0.69% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | BANCO SANTANDER SA (n/a) - 0.67% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | MERCEDES-BENZ GROUP AG (n/a) - 0.62% | WALMART INC (WMT) - 0.91% |
| #16 | BRITISH AMERICAN TOBACCO PLC (n/a) - 0.60% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | HYUNDAI MOTOR CO (n/a) - 0.59% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | BASF SE (n/a) - 0.58% | VISA INC CLASS A (V) - 0.85% |
| #19 | MITSUBISHI CORP (n/a) - 0.56% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | BNP PARIBAS ACT. CAT.A (n/a) - 0.56% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | SANOFI SA (n/a) - 0.55% | INTEL CORP (INTC) - 0.65% |
| #22 | SIEMENS AG (n/a) - 0.55% | NETFLIX INC (NFLX) - 0.64% |
| #23 | ROYAL BANK OF CANADA (RY) - 0.55% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | THE TORONTO-DOMINION BANK (TD) - 0.54% | CHEVRON CORP (CVX) - 0.58% |
| #25 | ASTRAZENECA PLC (AZN) - 0.53% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 1038 | 505 |
PXF vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
PXF
+3.92%
Winner
SPY
+9.11%
3M
PXF
+5.17%
Winner
SPY
+6.59%
6M
Winner
PXF
+24.64%
SPY
+10.56%
1Y
Winner
PXF
+47.05%
SPY
+32.04%
5Y(CAGR)
PXF
+13.34%
Winner
SPY
+13.35%
10Y(CAGR)
PXF
+11.87%
Winner
SPY
+15.49%
Max(CAGR)
PXF
+5.45%
Winner
SPY
+8.50%
PXF vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | PXF | SPY |
|---|---|---|
| 2026 | +15.77% | +8.27% |
| 2025 | +42.94% | +18.00% |
| 2024 | +5.44% | +25.59% |
| 2023 | +17.64% | +26.72% |
| 2022 | -9.89% | -18.64% |
| 2021 | +15.16% | +30.52% |
| 2020 | +1.75% | +17.28% |
| 2019 | +17.66% | +31.09% |
| 2018 | -15.52% | -5.24% |
| 2017 | +23.77% | +20.78% |
| 2016 | +8.91% | +13.59% |
| 2015 | -5.40% | +1.31% |
| 2014 | -5.31% | +14.56% |
| 2013 | +22.01% | +29.00% |
| 2012 | +13.11% | +14.17% |
| 2011 | -17.35% | +0.85% |
| 2010 | +3.74% | +13.14% |
| 2009 | +37.81% | +22.67% |
| 2008 | -41.42% | -36.25% |
| 2007 | +2.78% | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
PXF vs SPY Drawdown Comparison
The maximum drawdown for PXF was -64.74%, occurring on Mar 9, 2009. Recovery took 2408 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
| Rank | PXF | SPY |
|---|---|---|
| #1 | -64.74% Dec 19, 2007 - Jul 14, 2017 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -41.56% Jan 26, 2018 - Jan 7, 2021 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -26.85% Jan 12, 2022 - Jul 26, 2023 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -14.06% Mar 19, 2025 - May 2, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -11.27% Jul 13, 2007 - Oct 11, 2007 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -10.91% Feb 27, 2026 - May 6, 2026 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -10.24% Jul 28, 2023 - Dec 13, 2023 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -9.35% Sep 26, 2024 - Mar 5, 2025 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -8.79% Oct 31, 2007 - Dec 19, 2007 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -8.39% Jun 7, 2021 - Jan 11, 2022 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -7.30% Jul 12, 2024 - Aug 21, 2024 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -5.18% Jan 8, 2021 - Feb 11, 2021 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -5.02% Nov 12, 2025 - Dec 3, 2025 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -4.64% May 17, 2024 - Jul 12, 2024 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -4.39% Apr 9, 2024 - May 6, 2024 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between PXF and SPY is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (1999 - 2026)
PXF vs SPY dividend yield comparison.
| Year | PXF | SPY |
|---|---|---|
| 2026 | 0.64% | 0.24% |
| 2025 | 3.64% | 1.07% |
| 2024 | 3.48% | 1.21% |
| 2023 | 3.55% | 1.40% |
| 2022 | 3.58% | 1.65% |
| 2021 | 3.74% | 1.20% |
| 2020 | 2.11% | 1.52% |
| 2019 | 3.50% | 1.75% |
| 2018 | 3.38% | 2.04% |
| 2017 | 2.78% | 1.80% |
| 2016 | 3.21% | 2.03% |
| 2015 | 3.10% | 2.06% |
| 2014 | 4.00% | 1.87% |
| 2013 | 2.41% | 1.81% |
| 2012 | 2.69% | 2.18% |
| 2011 | 2.20% | 2.05% |
| 2010 | 2.50% | 1.80% |
| 2009 | 2.04% | 1.95% |
| 2008 | 3.05% | 3.02% |
| 2007 | 0.22% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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