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Launched · SEC filings

Invesco Energy Exploration & Production ETF

PXENYSE ArcaInvescoD

$42.97−2.01 (−4.47%)

As of Nov 2, 2026, 3:59 PM ET

D37/ 100

Rank 8 of 10 in Oil & Gas Producers

D37/100Rank 8 of 10inOil & Gas Producers
Intraday session: down, 78 prints from 44.98 to 42.97. Range 42.97 to 44.19. Use the arrow keys to read each point.43.5044.0044.5010 AM12 PM2 PM4 PM
Expense ratio
0.63%*
Fund size
$174M
1Y total return
+63.3%
Yield · Last 12 months
1.39%
Holdings
33
Avg volume · 30D
44.5K sh
52W range
low $26.42high $45.75
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Aug 31, 2028. Without it: 0.67%.

The ETF.net PXE Grade

Based on 5 of 6 pillars

D

Score 37 out of 100

Category
Oil & Gas Producers⁠
Rank
8 of 10
Six-pillar profile for PXE. Scores out of 100: Cost 24, Risk 33, Mission not scored, Tradability 37, Holdings 82, Durability 37. Strongest: Holdings (82). Weakest: Cost (24). Based on 5 of 6 pillars.

Score 37 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F24 out of 100
    Rank 8 of 10

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D33 out of 100
    Rank 7 of 10

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D37 out of 100
    Rank 6 of 10

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A82 out of 100
    Rank 2 of 10

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D37 out of 100
    Rank 8 of 10

Our read on PXE

ETF.net Research

In short

DThe quant twist on US drillers. Rather than rank every exploration and production name by size, PXE's Intellidex index scores them on momentum, earnings momentum, quality, management action and value, then holds about 30. Trading since 2005.

Stated mandate

The fund is based on the Dynamic Energy Exploration & Production Intellidex Index, which covers 30 U.S. companies engaged in exploring for and producing natural resources used to generate energy.

Why people hold it

  • The index screens US exploration and production companies on price momentum, earnings momentum, quality, management action and value, then holds about 30. Not a size-ranked roster.invesco.com
  • Listed in 2005, it predates most of the E&P shelf and has traded through multiple oil booms and busts with the same rules-based approach.
  • Portfolio makeup is the fund's strongest suit in this peer group: roughly 30 US energy names, spread across the field instead of anchored to one or two giants.
  • Physical stock ownership, at least 90% of assets in index constituents, and cash gets passed along quarterly.invesco.com

Worth knowing

  • The screen costs: 0.63% net of a waiver through August 31, 2028 (0.67% gross), above the category median. XOP charges 0.35%, IEO 0.37%, PBOG 0.13%.
  • Thinly traded next to the category's heavyweights, so the gap between bid and ask can be wider at the moment you buy or sell.
  • About 30 stocks in one slice of one sector. Drilling economics swing with the oil price, and each holding carries real weight.

PXE Holdings

Holdings pillarA82 out of 100Rank 2 of 10 in Oil & Gas Producers
Asset class
Stocks
Holdings
33
Top-10 weight
47%
Largest holding
MPC5.5%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1MPCMarathon Petroleum Corp5.50%21,493$9.3M410
2PSXPhillips 665.22%32,216$8.81M392
3COPConocoPhillips5.14%57,899$8.69M444
4VLOValero Energy Corp5.09%22,343$8.59M408
5EOGEOG Resources Inc4.98%51,890$8.42M398
6OXYOccidental Petroleum Corp4.87%130,547$8.23M329
7FANGDiamondback Energy Inc4.65%38,088$7.86M369
8EQTEQT Corp4.56%141,248$7.7M315
9CVICVR Energy Inc3.69%109,790$6.24M114
10RRCRange Resources Corp3.23%101,424$5.47M168
11APAAPA Corp3.07%100,591$5.18M297
12MURMurphy Oil Corp3.05%120,158$5.15M159
13DINOHF Sinclair Corp2.95%44,578$4.99M246
14PBFPBF Energy Inc2.80%62,558$4.73M166
15OVVOvintiv Inc2.73%64,550$4.62M198

Showing 1–15 of 33 holdings

PXE Performance

Launched Oct 26, 2005

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

PXE$16,334
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. PXE $16,334. SPY $11,199. Use the arrow keys to read each point.$10,000$12,500$15,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for PXE. Periods over one year show the average yearly return.
PeriodPXE
Year to date+62.9%
1 month+14.2%
3 months+16.9%
1 year+63.3%
3 yearsper year+14.5%
5 yearsper year+19.9%
10 yearsper year+10.8%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PXE
YearReturn barPXE
2026 YTD+62.9%
2025−2.8%
2024−1.9%
2023+7.7%
2022+58.3%
2021+94.1%
2020−36.7%

PXE in the news

PXE Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.39%Last 12 months
Payout per share
$0.63Last 12 months
Last payment
$0.17 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 38 payments from 2017 to 2026 YTD. Jun 16, 2017 $0.20; Sep 18, 2017 $0.08; Dec 18, 2017 $0.07; Mar 19, 2018 $0.04; Jun 18, 2018 $0.07; Sep 24, 2018 $0.04; Dec 24, 2018 $0.07; Mar 18, 2019 $0.05; Jun 24, 2019 $0.07; Sep 23, 2019 $0.07; Dec 23, 2019 $0.10; Mar 23, 2020 $0.04; Jun 22, 2020 $0.09; Sep 21, 2020 $0.12; Dec 21, 2020 $0.16; Mar 22, 2021 $0.03; Jun 21, 2021 $0.04; Sep 20, 2021 $0.13; Dec 20, 2021 $0.17; Mar 21, 2022 $0.11; Jun 21, 2022 $0.17; Sep 19, 2022 $0.30; Dec 19, 2022 $0.31; Mar 20, 2023 $0.25; Jun 20, 2023 $0.19; Sep 18, 2023 $0.16; Dec 18, 2023 $0.26; Mar 18, 2024 $0.16; Jun 24, 2024 $0.18; Sep 23, 2024 $0.21; Dec 23, 2024 $0.20; Mar 24, 2025 $0.19; Jun 23, 2025 $0.25; Sep 22, 2025 $0.21; Dec 22, 2025 $0.18; Mar 23, 2026 $0.10; Jun 22, 2026 $0.17; Sep 21, 2026 $0.17. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 21, 2026Sep 25, 2026$0.17
Jun 22, 2026Jun 26, 2026$0.17
Mar 23, 2026Mar 27, 2026$0.10
Dec 22, 2025Dec 26, 2025$0.18
Sep 22, 2025Sep 26, 2025$0.21
Jun 23, 2025Jun 27, 2025$0.25
Mar 24, 2025Mar 28, 2025$0.19
Dec 23, 2024Dec 27, 2024$0.20
Sep 23, 2024Sep 27, 2024$0.21
Jun 24, 2024Jun 28, 2024$0.18
Mar 18, 2024Mar 22, 2024$0.16
Dec 18, 2023Dec 22, 2023$0.26

See all 78 payments⁠

$10,000 in PXE 10 years ago paid $2,799 in dividends.⁠

PXE Risk

Risk pillarD33 out of 100Rank 7 of 10 in Oil & Gas Producers
How much the fund’s monthly returns vary, scaled to a year.
26.4%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.47
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−37.7%
Trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
−0.08
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

PXE Cost

Compare PXE and PBOG

Overpaying vs PBOG, cheapest in Oil & Gas Producers

$9,633

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PXE 0.63%

    $12,359

  • PBOG 0.13% Cheapest

    $2,726

$10,000
30 years

Cost over time

  • PXE 0.63%
  • PBOG 0.13%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530PXE $12,359PBOG $2,726

Year by year

YearPXEPBOGOverpaying
10$1,128$238$890
20$4,311$930$3,381
30$12,359$2,726$9,633
How the 0.63% is worked out

Full fee 0.67%− waiver 0.04%= you pay 0.63%

The waiver ends Aug 31, 2028. After that the fee is 0.67% unless Invesco renews it. Source: prospectus, Aug 2026.

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