- ISIN
- US73935X3026
- CUSIP
- 73935X302
- Issuer
- Invesco
- Inception Date
- Dec 9, 2004
- Region
- North America (U.S.)
- Category
- Mid Cap Value Equities, Dividend
- Leveraged
- 1x (No leverage)
- Index Tracked
- NASDAQ US Dividend Achievers 50 Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
- Assets Under Management
- $1B
Share Price Chart
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Performance
PEY Performance Chart
Invesco High Yield Equity Dividend Achievers™ ETF (PEY) is up 12.8% since the beginning of the year. PEY is currently trading at $22 per share. Investors who bought $1,000 worth of PEY shares 5 years ago would now be looking at an investment worth $1,374.
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Returns By Period
Invesco High Yield Equity Dividend Achievers™ ETF (PEY) has returned 12.79% so far this year and 17.56% over the past 12 months. Over the last ten years, PEY has returned 8.61% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Invesco High Yield Equity Dividend Achievers™ ETF
- 1D
- -1.17%
- 1M
- 0.55%
- YTD
- 12.79%
- 6M
- 11.78%
- 1Y
- 17.56%
- 3Y*
- 11.61%
- 5Y*
- 6.56%
- 10Y*
- 8.61%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PEY Monthly Returns History
Based on dividend-adjusted daily data since Dec 9, 2004, PEY's average daily return is +0.03%, while the average monthly return is +0.64%. At this rate, an investment would double in approximately 9.1 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2009 with a return of +16.7%, while the worst month was Jan 2009 at -22.8%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, PEY closed higher 51% of trading days. The best single day was Sep 18, 2008 with a return of +15.2%, while the worst single day was Dec 1, 2008 at -13.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.51% | 1.02% | -1.27% | 5.64% | 0.96% | -0.44% | 12.79% | ||||||
| 2025 | 2.65% | 1.75% | -2.31% | -7.28% | 2.59% | 1.17% | 1.25% | 4.72% | -1.46% | -1.47% | -0.08% | -0.45% | 0.56% |
| 2024 | -4.00% | -2.02% | 5.12% | -3.15% | 1.73% | -2.42% | 10.18% | 1.52% | 0.94% | -1.11% | 6.81% | -7.16% | 5.25% |
| 2023 | 3.67% | -3.62% | -2.66% | 0.65% | -8.16% | 5.53% | 5.02% | 3.22% | -6.85% | -4.31% | 7.56% | 8.81% | 7.29% |
| 2022 | 1.49% | -0.22% | 3.41% | -3.36% | 5.48% | -6.74% | 3.35% | -2.68% | -9.19% | 11.36% | 4.75% | -3.41% | 2.45% |
| 2021 | 0.58% | 7.73% | 8.65% | 2.30% | 2.74% | -2.00% | -1.81% | 1.17% | -2.53% | 3.13% | -3.29% | 7.72% | 26.15% |
Benchmark Metrics
Invesco High Yield Equity Dividend Achievers™ ETF has an annualized alpha of -1.33%, beta of 0.96, and R2 of 0.67 versus S&P 500 Index. Calculated based on daily prices since December 09, 2004.
- This ETF participated in 89.50% of S&P 500 Index downside but only 78.72% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.96 and R2 of 0.67, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.33%
- Beta
- 0.96
- R²
- 0.67
- Upside Capture
- 78.72%
- Downside Capture
- 89.50%
Expense Ratio
PEY has an expense ratio of 0.54%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PEY ranks 37 for risk / return — below 37% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco High Yield Equity Dividend Achievers™ ETF (PEY) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PEY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 2.78 | -0.80 |
| Martin ratioReturn relative to average drawdown | 5.55 | 12.44 | -6.89 |
Dividends
Dividend History
Invesco High Yield Equity Dividend Achievers™ ETF provided a 4.92% dividend yield over the last twelve months, with an annual payout of $1.11 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.11 | $0.99 | $0.94 | $0.97 | $0.87 | $0.81 | $0.75 | $0.72 | $0.69 | $0.57 | $0.53 | $0.46 |
Dividend yield | 4.92% | 4.85% | 4.44% | 4.58% | 4.22% | 3.83% | 4.30% | 3.78% | 4.33% | 3.21% | 3.12% | 3.44% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco High Yield Equity Dividend Achievers™ ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.08 | $0.08 | $0.07 | $0.08 | $0.09 | $0.10 | $0.50 | ||||||
| 2025 | $0.08 | $0.07 | $0.07 | $0.08 | $0.09 | $0.09 | $0.09 | $0.08 | $0.09 | $0.10 | $0.08 | $0.08 | $0.99 |
| 2024 | $0.08 | $0.08 | $0.08 | $0.07 | $0.08 | $0.07 | $0.09 | $0.08 | $0.07 | $0.09 | $0.08 | $0.08 | $0.94 |
| 2023 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.08 | $0.08 | $0.09 | $0.11 | $0.12 | $0.97 |
| 2022 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.11 | $0.87 |
| 2021 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.81 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco High Yield Equity Dividend Achievers™ ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco High Yield Equity Dividend Achievers™ ETF was 72.81%, occurring on Mar 9, 2009. Recovery took 1265 trading sessions.
The current Invesco High Yield Equity Dividend Achievers™ ETF drawdown is 3.57%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -72.81%Mar 2009 | 2y 2mo | 5y 10d | 7y 2moDec 2006 - Mar 2014 |
COVID crash2020 | -41.55%Mar 2020 | 2mo 6d | 9mo 27d | 12mo 3dJan 2020 - Jan 2021 |
2025 selloff2025 | -17.90%Apr 2025 | 4mo 13d | 10mo 1d | 1y 2moNov 2024 - Feb 2026 |
Rate-hike selloffLate 2018 | -16.31%Dec 2018 | 3mo 11d | 2mo 24d | 6mo 5dSep 2018 - Mar 2019 |
Bear market2022 | -15.95%Sep 2022 | 5mo 12d | 1y 2mo | 1y 7moApr 2022 - Dec 2023 |
Drawdown Indicators
| PEY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.81% | -56.78% | -16.03% |
Max Drawdown (1Y)Largest decline over 1 year | -8.88% | -9.10% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -17.90% | -18.90% | +1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -17.90% | -25.43% | +7.53% |
Max Drawdown (10Y)Largest decline over 10 years | -41.55% | -33.92% | -7.63% |
Current DrawdownCurrent decline from peak | -3.57% | -1.80% | -1.77% |
Average DrawdownAverage peak-to-trough decline | -12.85% | -10.71% | -2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 2.03% | +1.14% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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