Average Daily Volume
5076
Fund Overview
The Invesco Dynamic Energy Exploration & Production ETF (PXI) seeks to track the Dynamic Energy Exploration & Production Intellidex Index, which is designed to provide capital appreciation by evaluating companies based on various investment merit criteria, including price momentum, earnings momentum, quality, management action, and value. The ETF primarily invests in U.S. companies involved in the exploration and production of energy resources, such as oil and natural gas. PXI offers investors exposure to a dynamic segment of the energy sector, focusing on companies that demonstrate strong growth potential and operational efficiency. The fund is rebalanced quarterly to ensure it aligns with its index methodology.
- Asset Class
-
Equity
- Industry
-
Broad Energy
- Annual Dividend Rate
-
- Smart Beta
-
Yes
- Leveraged / Inverse
-
N/A / No
- Dividend Quality - Yield
-
- 1.56 %
- Currency Hedged
-
No
- Portfolio Turnover
-
171 %
- Dividend Date
-
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Why Invest in the PXI ETF?
Potential Benefits
- Provides targeted exposure to the energy exploration and production sector, which can benefit from rising oil and gas prices.
- Utilizes a dynamic, rules-based methodology to select companies with strong growth potential and operational efficiency.
- Offers diversification within the energy sector by focusing on exploration and production companies.
- Quarterly rebalancing helps maintain alignment with the index's investment criteria.
- May serve as a tactical investment during periods of energy market strength.
Potential Risks
- Highly sensitive to fluctuations in oil and natural gas prices, which can be volatile.
- Concentration risk due to focus on a specific sub-sector of the energy industry.
- Performance may lag during periods of declining energy demand or regulatory changes.
- Exposure to geopolitical risks and operational challenges faced by exploration and production companies.
- Higher expense ratio compared to broader energy ETFs.
RSI data unavailable or insufficient history.
Monthly Returns (%)
| Year |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
| 2026 |
+11.6%
|
+6.8%
|
+10.6%
|
+3.0%
|
-2.9%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
| 2025 |
+1.1%
|
-1.3%
|
-1.0%
|
-11.4%
|
+5.0%
|
+6.6%
|
+0.3%
|
+2.8%
|
+6.0%
|
-0.2%
|
+0.8%
|
-3.6%
|
| 2024 |
-1.5%
|
+1.4%
|
+9.8%
|
-2.5%
|
+1.3%
|
-1.6%
|
+3.0%
|
-6.3%
|
-5.2%
|
+2.2%
|
+14.1%
|
-11.5%
|
| 2023 |
+4.8%
|
-6.9%
|
-4.9%
|
-2.9%
|
-7.9%
|
+11.4%
|
+11.2%
|
+2.8%
|
+2.9%
|
-6.5%
|
+0.5%
|
+3.2%
|
| 2022 |
+13.0%
|
+9.9%
|
+12.6%
|
-1.6%
|
+15.5%
|
-20.9%
|
+12.4%
|
+6.0%
|
-12.8%
|
+22.6%
|
+0.3%
|
-9.3%
|
| 2021 |
+10.9%
|
+26.7%
|
+0.3%
|
-1.3%
|
+11.3%
|
+12.5%
|
-16.9%
|
+0.6%
|
+21.2%
|
+8.2%
|
-8.5%
|
+0.2%
|
| 2020 |
-16.0%
|
-16.8%
|
-46.4%
|
+45.5%
|
-0.7%
|
+1.4%
|
-0.7%
|
+1.6%
|
-15.9%
|
-3.4%
|
+30.6%
|
+9.3%
|
| 2019 |
+13.8%
|
-1.3%
|
+1.2%
|
-0.7%
|
-14.5%
|
+9.9%
|
-4.9%
|
-12.7%
|
+6.0%
|
-0.6%
|
-1.8%
|
+11.6%
|
| 2018 |
+1.6%
|
-8.8%
|
+3.7%
|
+11.9%
|
+3.9%
|
-1.7%
|
-0.2%
|
+1.1%
|
+1.5%
|
-15.6%
|
-9.6%
|
-15.4%
|
| 2017 |
-0.4%
|
-7.0%
|
-3.1%
|
-7.0%
|
-5.9%
|
-2.0%
|
+1.4%
|
-7.2%
|
+13.9%
|
+0.1%
|
+4.8%
|
+5.8%
|
< -5%
-5% to -2%
-2% to 0%
0%
0% to +2%
+2% to +5%
> +5%
Top Holdings (by weight)
| Symbol |
Company Name |
Weight |
|
TPL
|
TEXAS PACIFIC LAND CORP |
7.9 % |
|
TRGP
|
TARGA RESOURCES CORP |
7.6 % |
|
WMB
|
WILLIAMS COMPANIES INC |
3.5 % |
|
WFRD
|
WEATHERFORD INTERNATIONAL PLC ORDINARY SHARES NEW |
3.2 % |
|
KMI
|
KINDER MORGAN INC CLASS P |
3.2 % |
|
LNG
|
CHENIERE ENERGY INC |
3.0 % |
|
XOM
|
EXXON MOBIL CORP |
2.9 % |
|
BKR
|
BAKER HUGHES CO CLASS A |
2.8 % |
|
AR
|
ANTERO RESOURCES CORP |
2.8 % |
|
RRC
|
RANGE RESOURCES CORP |
2.7 % |
Top 10 holdings shown, out of 40 total holdings.
Related ETFs: PXI vs Peers
Comparison highlights key differences on cost, coverage, and focus within sector ETFs.
Investment Strategy
PXI tracks the Dynamic Energy Exploration & Production Intellidex Index, which employs a multi-factor approach to select companies based on price momentum, earnings momentum, quality, management action, and value. The index is rebalanced quarterly to ensure it reflects the most current investment criteria. The ETF primarily holds common stocks of U.S. companies involved in energy exploration and production. Unlike market-cap-weighted ETFs, PXI's methodology aims to identify companies with strong growth potential and operational efficiency, offering a more dynamic approach to sector investing.
Frequently Asked Questions
What types of companies does PXI invest in?
PXI invests primarily in U.S. companies engaged in the exploration and production of oil and natural gas.
How often is PXI rebalanced?
PXI is rebalanced quarterly to align with its underlying index methodology.
How does PXI differ from broader energy ETFs like XLE?
PXI focuses specifically on exploration and production companies, while XLE includes a broader range of energy sector companies, including integrated oil majors and utilities.
What factors influence PXI's performance?
PXI's performance is heavily influenced by oil and natural gas prices, as well as the operational efficiency and growth potential of its constituent companies.
Is PXI suitable for long-term investors?
PXI may be suitable for long-term investors with a bullish outlook on the energy sector, though its concentrated focus and volatility may require careful consideration within a diversified portfolio.
Industry Overview
The Invesco Dynamic Energy Exploration & Production ETF (PXI) focuses on the energy exploration and production sector, a critical segment of the broader energy industry. This sector includes companies engaged in the discovery, extraction, and production of oil and natural gas. Investing in PXI provides exposure to companies that stand to benefit from rising energy prices and increased demand for fossil fuels. However, the sector is also subject to volatility due to fluctuating commodity prices, regulatory changes, and geopolitical risks. PXI's dynamic selection methodology aims to identify companies with strong growth potential, making it a strategic choice for investors seeking targeted exposure to this niche within the energy market.
Alternative Comparison
Compared to broader energy ETFs like XLE or VDE, PXI offers more targeted exposure to the exploration and production segment of the energy sector. While XLE includes integrated oil majors and utilities, PXI focuses solely on companies engaged in upstream activities. Similarly, PXI differs from XOP, another exploration and production ETF, by using a dynamic, multi-factor selection process rather than a market-cap-weighted approach. This can result in a more concentrated portfolio of high-growth potential companies, though it may also introduce higher volatility.
Issuer Overview
Invesco is a leading global asset management firm with a diverse portfolio of ETFs and mutual funds. Known for its innovative investment solutions, Invesco offers a range of products designed to meet various investor needs. The firm's Dynamic ETF series, which includes PXI, utilizes a rules-based methodology to select securities based on multiple investment criteria. Invesco's expertise in index construction and active management provides investors with access to specialized market segments.
Conclusion
The Invesco Dynamic Energy Exploration & Production ETF (PXI) provides investors with a strategic way to gain exposure to the energy exploration and production sector. Its dynamic, rules-based methodology aims to identify companies with strong growth potential, offering a differentiated approach compared to traditional market-cap-weighted ETFs. While PXI carries risks associated with commodity price volatility and sector concentration, it may serve as a valuable tactical investment for those bullish on the energy sector's growth prospects.
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