Invesco Energy Exploration & Production ETF (PXE) is a energy sector ETF. As of October 9, 2026, ETF Copilot scores PXE 3.6 out of 10 — highest on Quality (6.6), lowest on Growth (0.7). It trades at 11.7 times earnings, against its own median of 9.0. Its ten largest holdings are 48% of the fund.
What stands out in PXE's data
U.S. oil and gas producers, focused on exploration and production.
The fund trades at a cheaper price relative to earnings than its peers.
Its trailing P/E multiple is 11.7x, below the category median of 16.1x.
Adds targeted exposure to upstream energy firms at a discounted valuation relative to the sector.
Why did PXE move this week? It rose 4.0% in the week to October 9, 2026 — Marathon Petroleum and Valero Energy drove it
PXE rose 4.0% in the week to October 9, 2026. The holdings that moved it most were Marathon Petroleum (+7.7%), Valero Energy (+6.8%) and Phillips 66 (+5.1%); Crescent Energy (−5.5%) pushed the other way.
How is PXE rated? ETF Copilot scores Invesco Energy Exploration & Production ETF (PXE) 3.6 out of 10
As of October 9, 2026, ETF Copilot scores Invesco Energy Exploration & Production ETF (PXE) 3.6 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 3.6 / 10
- Growth: 0.7 / 10
- Value: 3.4 / 10
- Risk: 1.4 / 10
- Quality: 6.6 / 10
- Return: 5.9 / 10
Is PXE expensive right now? It trades at 11.7 times earnings, against its own median of 9.0
As of October 9, 2026, PXE is more expensive than 78% of its own last 9 years.
Trailing 12 months, built from PXE's holdings. How we calculate this →
What's inside PXE?
What's inside PXE: Size (Large 41%, Mid 41%, Small 18%); Geography (International 0%, US 100%).
What are PXE's top holdings? The ten largest are 48% of the fund
Marathon Petroleum, Valero Energy, Phillips 66, Occidental Petroleum, ConocoPhillips, EOG Resources, EQT, Diamondback Energy, CVR Energy and PBF Energy are PXE's largest holdings, in that order.
Less concentrated than 69% of Energy ETFs.
Half of PXE's weight sits in its 11 largest positions, and once those weights are taken into account it behaves like 27 equally weighted holdings.
What is PXE's expense ratio? 0.67% a year
As of October 9, 2026, PXE charges 0.67% a year, yields 1.49% and holds $154M in assets across 30 positions.
| Measure | PXE |
|---|---|
| Expense ratio | 0.67% |
| Dividend yield | 1.49% |
| Assets under management | $154M |
| Holdings | 30 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Invesco Energy Exploration & Production ETF (PXE) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/pxe
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