PXJ
Invesco Oil & Gas Services ETF
The Invesco Dynamic Oil & Gas Services Sector Portfolio ETF tracks a tiered index of companies in the oil and gas services sector. The index uses a multifactor methodology to select holdings.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
38.6 M
ASSETS UNDER MGMT
63 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 26, 2005 |
| Assets (mns) | $39 |
| Expense ratio | 63 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| FRANK'S INTERNATIONAL NV | 43.0 % |
| NOBLE CORP PLC | 10.4 % |
| TECHNIPFMC PLC | 5.4 % |
| BAKER HUGHES COMPANY CLASS A | 5.2 % |
| WEATHERFORD INTERNATIONAL PL | 4.9 % |
| NATIONAL OILWELL VARCO INC | 4.9 % |
| SCHLUMBERGER LTD | 4.9 % |
| CACTUS, INC. CLASS A | 4.9 % |
| HALLIBURTON CO | 4.8 % |
| GOLAR LNG LTD | 3.1 % |
Constituent Breakdown
| Number of holdings | 27 |
| Herfindahl-Hirschman Index | 409 |
| Wgt avg mkt cap (mns) | $9,323 |
| Large cap (>$10bn) | 24.1% |
| Mid cap ($2-10bn) | 34.0% |
| Small cap (<$2bn) | 37.6% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 68.4 % |
 |
NETHERLANDS | 43.0 % |
 |
BRITAIN | 8.2 % |
 |
SWITZERLAND | 4.9 % |
 |
BERMUDA | 3.1 % |
 |
MONACO | 2.7 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 7.3% | 9.2% | 149.5% | 119.2% | 48.8% | 7.2% | 4.5% | Volatility | 24.2% | 24.4% | 28.4% | 35.1% | 45.4% | 40.4% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.98 | 2% |
| MSCI EAFE | 2.33 | 2% |
| MSCI Emg Mkts | 3.67 | 5% |
Liquidity Measures
| Avg. volume (000) | 12 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.10% |
| ADV of underlying (mns) | $1,339 |
Technical Indicators
| Recent close | $26.69 |
| 30d moving avg. | $29.40 |
| Annualized volatility | 286.2% |
| Relative strength (RSI) | 41 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 5.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PXJ |
Expenses vs. PXJ |
ALTAR Score™ vs. PXJ |
|---|---|---|---|---|
| XES | SPDR S&P Oil & Gas Equipment & Services ETF | 95.8% | -28 bp | -1.4% |
| OIH | VanEck Oil Services ETF | 61.6% | -28 bp | +1.4% |
| IEZ | iShares U.S. Oil Equipment & Services ETF | 58.1% | -23 bp | +1.2% |
| PXI | Invesco Dorsey Wright Energy Momentum ETF | 18.2% | -3 bp | +6.0% |
| RSPG | Invesco S&P 500 Equal Weight Energy ETF | 14.0% | -23 bp | +6.6% |
| FTXN | First Trust Nasdaq Oil & Gas ETF | 11.3% | -3 bp | +8.2% |
| FENY | Fidelity MSCI Energy Index ETF | 11.2% | -55 bp | +6.5% |
| VDE | Vanguard Energy ETF | 10.8% | -53 bp | +6.2% |
Risk and Returns: PXJ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/20/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
PXJ
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
PXJ
1.0%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. PXJ's ALTAR Score™ is approximately
1.8 standard deviations
below
the category average. This places PXJ in the 4th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PXJSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| PXJ (63 bp) Percentile rank | 70 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PXJ | 63.0 | 10.0 | 73 |
| Peer Avg. | 44.0 | 16.8 | 60.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .