PXH vs SPY
Comparison between INVESCO RAFI EMERGING MARKETS ETF (PXH, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed PXH, delivering a return of +13.3% compared to +9.6%
PXH vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PXH
$1.80B
Winner
SPY
$652B
Expense Ratio
PXH
0.47%
Winner
SPY
0.09%
Max Drawdown
PXH
64.04%
Winner
SPY
56.47%
Sharpe Ratio
Winner
PXH
2.13
SPY
2.07
5Y Beta
Winner
PXH
0.69
SPY
1.00
P/E Ratio
PXH
N/A
SPY
28.24
Forward P/E
PXH
N/A
SPY
21.85
5Y Dividends CAGR
Winner
PXH
12.94%
SPY
5.43%
5Y EPS CAGR
PXH
N/A
SPY
25.79%
Debt to Equity
PXH
N/A
SPY
22.35%
P/S Ratio
PXH
N/A
SPY
3.55
P/B Ratio
PXH
N/A
SPY
5.29
PXH vs SPY - Holdings Comparison
PXH and SPY have 1 common holdings. Overlap is -0.17%
PXH's top 25 holdings weight is 42.53%. SPY's top 25 holdings weight is 51.32%.
| Rank | PXH | SPY |
|---|---|---|
| #1 | n/a (n/a) - 5.95% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | n/a (n/a) - 4.67% | APPLE INC (AAPL) - 6.48% |
| #3 | TENCENT HOLDINGS LTD (n/a) - 3.00% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | n/a (n/a) - 2.95% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 2.82% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | HON HAI PRECISION INDUSTRY CO LTD (n/a) - 2.51% | BROADCOM INC (AVGO) - 3.09% |
| #7 | VALE SA (n/a) - 2.45% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | n/a (n/a) - 2.22% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | n/a (n/a) - 1.90% | TESLA INC (TSLA) - 1.73% |
| #10 | BANK OF CHINA LTD CLASS H (n/a) - 1.47% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | JD.COM INC ADR (JD) - 1.22% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | RELIANCE INDUSTRIES LTD (n/a) - 1.05% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | PETROCHINA CO LTD CLASS H (n/a) - 0.99% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | CHINA PETROLEUM & CHEMICAL CORP CLASS H (n/a) - 0.96% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | INVESCO SHRT-TRM INV GOV&AGCY INSTL (AGPXX) - 0.88% | WALMART INC (WMT) - 0.91% |
| #16 | MEDIATEK INC (n/a) - 0.85% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | BAIDU INC (n/a) - 0.84% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | n/a (n/a) - 0.83% | VISA INC CLASS A (V) - 0.85% |
| #19 | CHINA MERCHANTS BANK CO LTD CLASS H (n/a) - 0.81% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | BANK BRADESCO SA PARTICIPATING PREFERRED (n/a) - 0.80% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | AGRICULTURAL BANK OF CHINA LTD CLASS H (n/a) - 0.77% | INTEL CORP (INTC) - 0.65% |
| #22 | HDFC BANK LTD (n/a) - 0.74% | NETFLIX INC (NFLX) - 0.64% |
| #23 | XIAOMI CORP CLASS B (n/a) - 0.67% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | n/a (n/a) - 0.60% | CHEVRON CORP (CVX) - 0.58% |
| #25 | ASE TECHNOLOGY HOLDING CO LTD (n/a) - 0.58% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 458 | 505 |
PXH vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
PXH
+6.03%
Winner
SPY
+9.11%
3M
PXH
+4.41%
Winner
SPY
+6.59%
6M
Winner
PXH
+14.99%
SPY
+10.56%
1Y
Winner
PXH
+39.89%
SPY
+32.04%
5Y(CAGR)
PXH
+9.64%
Winner
SPY
+13.35%
10Y(CAGR)
PXH
+11.11%
Winner
SPY
+15.49%
Max(CAGR)
PXH
+3.80%
Winner
SPY
+8.50%
PXH vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | PXH | SPY |
|---|---|---|
| 2026 | +11.65% | +8.27% |
| 2025 | +32.33% | +18.00% |
| 2024 | +13.60% | +25.59% |
| 2023 | +13.38% | +26.72% |
| 2022 | -15.91% | -18.64% |
| 2021 | +8.12% | +30.52% |
| 2020 | -4.00% | +17.28% |
| 2019 | +15.53% | +31.09% |
| 2018 | -10.54% | -5.24% |
| 2017 | +24.12% | +20.78% |
| 2016 | +36.69% | +13.59% |
| 2015 | -21.91% | +1.31% |
| 2014 | -3.34% | +14.56% |
| 2013 | -9.11% | +29.00% |
| 2012 | +12.13% | +14.17% |
| 2011 | -20.56% | +0.85% |
| 2010 | +10.08% | +13.14% |
| 2009 | +60.24% | +22.67% |
| 2008 | -44.13% | -36.25% |
| 2007 | +1.04% | +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% |
PXH vs SPY Drawdown Comparison
The maximum drawdown for PXH was -63.64%, occurring on Nov 20, 2008. Recovery took 866 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current PXH drawdown is -0.41%.
| Rank | PXH | SPY |
|---|---|---|
| #1 | -63.64% Oct 29, 2007 - Apr 6, 2011 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -49.58% Apr 7, 2011 - Jan 2, 2018 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -40.40% Jan 26, 2018 - Feb 11, 2021 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -29.62% Feb 16, 2022 - May 16, 2024 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -17.73% Oct 7, 2024 - Jun 9, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -10.24% Feb 25, 2026 - May 5, 2026 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -9.29% Jun 10, 2021 - Feb 9, 2022 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -8.97% May 17, 2024 - Sep 24, 2024 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -6.09% Oct 12, 2007 - Oct 26, 2007 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -5.49% Feb 17, 2021 - May 7, 2021 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -4.78% Oct 6, 2025 - Oct 20, 2025 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -4.18% May 7, 2021 - May 27, 2021 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -4.06% Nov 12, 2025 - Jan 2, 2026 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -3.69% Jul 23, 2025 - Aug 12, 2025 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -3.46% Jan 29, 2026 - Feb 11, 2026 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between PXH and SPY is 0.86 which considered as a strong positive correlation - the stocks tend to move together.
0.86
-101
Dividend Comparison (1999 - 2026)
PXH vs SPY dividend yield comparison.
| Year | PXH | SPY |
|---|---|---|
| 2026 | 0.32% | 0.24% |
| 2025 | 4.02% | 1.07% |
| 2024 | 4.43% | 1.21% |
| 2023 | 4.84% | 1.40% |
| 2022 | 5.33% | 1.65% |
| 2021 | 4.69% | 1.20% |
| 2020 | 2.79% | 1.52% |
| 2019 | 3.28% | 1.75% |
| 2018 | 3.30% | 2.04% |
| 2017 | 2.74% | 1.80% |
| 2016 | 1.97% | 2.03% |
| 2015 | 3.44% | 2.06% |
| 2014 | 3.19% | 1.87% |
| 2013 | 2.80% | 1.81% |
| 2012 | 2.08% | 2.18% |
| 2011 | 2.46% | 2.05% |
| 2010 | 1.05% | 1.80% |
| 2009 | 0.83% | 1.95% |
| 2008 | 2.79% | 3.02% |
| 2007 | 0.44% | 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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