Average Daily Volume
17.2K
Fund Overview
The Invesco Dynamic Oil & Gas Services ETF (PXJ) is an exchange-traded fund that seeks to track the performance of the Dynamic Oil & Gas Services Intellidex Index. This index is designed to provide capital appreciation by evaluating companies in the oil and gas services sector based on various investment merit criteria, including price momentum, earnings momentum, quality, management action, and value. PXJ primarily invests in U.S. companies involved in oil and gas drilling, equipment, and services, offering targeted exposure to this niche segment of the energy market. The fund is rebalanced quarterly to ensure alignment with its index methodology, which employs a rules-based approach to stock selection and weighting.
- Asset Class
-
Equity
- Industry
-
Oil Equipment & Services
- Annual Dividend Rate
-
- Smart Beta
-
Yes
- Leveraged / Inverse
-
N/A / No
- Dividend Quality - Yield
-
- 2.03 %
- Currency Hedged
-
No
- Portfolio Turnover
-
67 %
- Dividend Date
-
Why Invest in the PXJ ETF?
Potential Benefits
- Targeted exposure to the oil and gas services sector, which can benefit from increased drilling activity and energy demand.
- Diversification within the energy sector, focusing on service providers rather than exploration and production companies.
- Dynamic, rules-based index methodology that selects stocks based on multiple investment merit factors.
- Quarterly rebalancing helps maintain alignment with current market conditions and sector trends.
- Lower expense ratio compared to some actively managed energy sector funds.
Potential Risks
- High sensitivity to oil and gas prices, which can be volatile due to geopolitical and macroeconomic factors.
- Concentration risk in a niche sector, with performance heavily tied to the health of the energy industry.
- Potential underperformance during periods of low oil prices or reduced drilling activity.
- Smaller asset base compared to broader energy ETFs, which may impact liquidity in certain market conditions.
- Regulatory and environmental risks associated with the fossil fuel industry.
RSI data unavailable or insufficient history.
Monthly Returns (%)
| Year |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
| 2026 |
+21.0%
|
+17.8%
|
-0.4%
|
+10.2%
|
-8.0%
|
-7.5%
|
+10.3%
|
+10.2%
|
-6.4%
|
+3.3%
|
-
|
-
|
| 2025 |
+1.5%
|
-5.9%
|
-3.1%
|
-14.8%
|
+6.3%
|
+3.5%
|
+6.5%
|
+7.3%
|
+1.0%
|
+9.5%
|
+0.2%
|
-1.0%
|
| 2024 |
+0.2%
|
+0.2%
|
+10.7%
|
-3.1%
|
+8.5%
|
-3.2%
|
+5.4%
|
-8.7%
|
-5.2%
|
-5.3%
|
+9.9%
|
-6.6%
|
| 2023 |
+8.6%
|
+1.1%
|
-11.0%
|
-2.8%
|
-9.9%
|
+14.5%
|
+18.9%
|
-0.2%
|
+5.2%
|
-4.0%
|
-4.2%
|
+1.8%
|
| 2022 |
+16.7%
|
+7.8%
|
+15.0%
|
-6.1%
|
+9.0%
|
-19.2%
|
+5.8%
|
+0.7%
|
-8.7%
|
+35.2%
|
+2.2%
|
+0.7%
|
| 2021 |
+5.8%
|
+15.5%
|
-4.2%
|
-2.7%
|
+15.3%
|
+3.3%
|
-13.6%
|
-3.0%
|
+7.9%
|
+4.6%
|
-17.4%
|
+5.0%
|
| 2020 |
-21.5%
|
-15.3%
|
-48.3%
|
+28.0%
|
+6.3%
|
-4.9%
|
+4.6%
|
-2.4%
|
-17.5%
|
-4.5%
|
+40.2%
|
+11.1%
|
| 2019 |
+20.5%
|
+3.6%
|
0.0%
|
-3.7%
|
-18.7%
|
+9.9%
|
-5.1%
|
-19.2%
|
+1.2%
|
-2.5%
|
+3.0%
|
+17.4%
|
| 2018 |
+2.4%
|
-11.5%
|
-1.0%
|
+13.2%
|
+2.1%
|
-0.7%
|
+1.1%
|
-3.5%
|
+5.9%
|
-15.3%
|
-11.7%
|
-24.3%
|
| 2017 |
+0.3%
|
-2.8%
|
-6.0%
|
-8.4%
|
-9.1%
|
-3.4%
|
-0.4%
|
-10.2%
|
+18.5%
|
-6.1%
|
-2.6%
|
+7.5%
|
< -5%
-5% to -2%
-2% to 0%
0%
0% to +2%
+2% to +5%
> +5%
Top Holdings (by weight)
| Symbol |
Company Name |
Weight |
|
AROC
|
ARCHROCK INC |
5.3 % |
|
BKR
|
BAKER HUGHES CO CLASS A |
5.3 % |
|
SLB
|
SCHLUMBERGER LTD |
5.2 % |
|
NOV
|
NOV INC |
5.0 % |
|
HAL
|
HALLIBURTON CO |
4.9 % |
|
NE
|
NOBLE CORP PLC CLASS A |
4.6 % |
|
WFRD
|
WEATHERFORD INTERNATIONAL PLC ORDINARY SHARES NEW |
4.1 % |
|
DHT
|
DHT HOLDINGS INC |
3.3 % |
|
TNK
|
TEEKAY TANKERS LTD CLASS A |
3.1 % |
|
LPG
|
DORIAN LPG LTD |
3.1 % |
Top 10 holdings shown, out of 31 total holdings.
Related ETFs: PXJ vs Peers
Comparison highlights key differences on cost, coverage, and focus within sector ETFs.
Investment Strategy
PXJ tracks the Dynamic Oil & Gas Services Intellidex Index, which employs a multi-factor methodology to select companies from the oil and gas services sector. The index evaluates stocks based on price momentum, earnings momentum, quality, management action, and value factors, then weights them accordingly. The fund primarily holds common stocks of U.S. companies involved in drilling, equipment manufacturing, and services supporting oil and gas extraction. PXJ is rebalanced quarterly to maintain its target allocations and factor exposures, ensuring the portfolio remains aligned with current market conditions.
Frequently Asked Questions
What types of companies does PXJ invest in?
PXJ primarily holds U.S. companies involved in oil and gas drilling, equipment manufacturing, and services supporting energy exploration and production.
How often is PXJ rebalanced?
The fund rebalances its holdings quarterly to maintain alignment with its underlying index methodology.
Is PXJ more volatile than broader energy ETFs?
Yes, as a focused sector ETF, PXJ typically exhibits higher volatility than diversified energy funds due to its concentration in oilfield services companies.
Does PXJ pay dividends?
PXJ may pay dividends, but distributions are typically modest as many oilfield services companies prioritize reinvestment over dividend payments.
Industry Overview
The Invesco Dynamic Oil & Gas Services ETF (PXJ) provides exposure to companies that support the oil and gas industry, including drilling contractors, equipment manufacturers, and service providers. This sector is highly cyclical, often correlated with oil prices and global energy demand. Investing in PXJ offers a way to capitalize on periods of increased energy exploration and production activity, though it comes with heightened volatility. The fund's focus on U.S.-based companies may appeal to investors seeking domestic energy sector exposure, but it also means performance is closely tied to North American market dynamics.
Alternative Comparison
Compared to the broader Energy Select Sector SPDR Fund (XLE), PXJ offers more targeted exposure to oilfield services companies rather than integrated energy giants. Unlike the SPDR S&P Oil & Gas Equipment & Services ETF (XES), which uses an equal-weighted approach, PXJ employs a factor-based weighting methodology that may lead to different performance characteristics. While the iShares U.S. Oil Equipment & Services ETF (IEZ) has a similar focus, PXJ's dynamic index approach differentiates it through its multi-factor stock selection process.
Issuer Overview
Invesco is a global asset management firm with a diverse lineup of ETFs across various sectors and investment strategies. Known for its factor-based and thematic ETFs, Invesco employs a disciplined, rules-based approach to index construction. The firm's Dynamic series of ETFs, including PXJ, utilize proprietary methodologies to select and weight securities based on multiple investment criteria.
Conclusion
The Invesco Dynamic Oil & Gas Services ETF (PXJ) provides specialized exposure to the oilfield services sector through a rules-based, multi-factor investment approach. While offering potential upside during periods of strong energy demand, investors should be prepared for the inherent volatility of this niche market segment. The fund's quarterly rebalancing and factor-based methodology may appeal to those seeking a more dynamic approach to energy sector investing compared to traditional market-cap weighted alternatives.
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