ABLD vs. PEY
ABLD (Abacus FCF Real Assets Leaders ETF) and PEY (Invesco High Yield Equity Dividend Achievers™ ETF) are both Mid Cap Value Equities funds - ABLD tracks the FCF Yield Enhanced Real Asset Index while PEY tracks the NASDAQ US Dividend Achievers 50 Index. Both are passively managed. Over the past 3 years, ABLD returned 9.58%/yr vs 12.29%/yr for PEY. A 0.70 correlation means they provide meaningful diversification when combined. ABLD charges 0.39%/yr vs 0.54%/yr for PEY.
Performance
ABLD vs. PEY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ABLD achieves a 5.36% return, which is significantly lower than PEY's 19.77% return.
ABLD
- 1D
- 0.04%
- 1M
- -1.61%
- 6M
- -0.27%
- YTD
- 5.36%
- 1Y
- 7.31%
- 3Y*
- 9.58%
- 5Y*
- —
- 10Y*
- —
PEY
- 1D
- 0.64%
- 1M
- 2.39%
- 6M
- 15.42%
- YTD
- 19.77%
- 1Y
- 17.53%
- 3Y*
- 12.29%
- 5Y*
- 8.01%
- 10Y*
- 8.62%
ABLD vs. PEY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ABLD Abacus FCF Real Assets Leaders ETF | 5.36% | 6.64% | 7.05% | 18.89% | 7.42% | 3.86% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 19.77% | 0.56% | 5.25% | 7.29% | 2.45% | 3.71% |
Correlation
The correlation between ABLD and PEY is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021 | 0.70 |
Over the past year, the correlation between ABLD and PEY has dropped to 0.47 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ABLD vs. PEY — Risk / Return Rank
ABLD
PEY
ABLD vs. PEY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Abacus FCF Real Assets Leaders ETF (ABLD) and Invesco High Yield Equity Dividend Achievers™ ETF (PEY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| ABLD | PEY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.21 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 1.98 | -1.35 |
| Martin ratioReturn relative to average drawdown | 1.59 | 5.55 | -3.96 |
Loading charts...
Drawdowns
ABLD vs. PEY - Drawdown Comparison
The maximum ABLD drawdown since its inception was -19.35%, smaller than the maximum PEY drawdown of -72.81%. Use the drawdown chart below to compare losses from any high point for ABLD and PEY.
Loading charts...
Drawdown Indicators
| ABLD | PEY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.35% | -72.81% | +53.46% |
Max Drawdown (1Y)Largest decline over 1 year | -11.64% | -8.88% | -2.76% |
Max Drawdown (3Y)Largest decline over 3 years | -19.35% | -17.90% | -1.45% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.55% | — |
Current DrawdownCurrent decline from peak | -10.08% | 0.00% | -10.08% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -12.82% | +8.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.61% | 3.17% | +1.44% |
Volatility
ABLD vs. PEY - Volatility Comparison
The current volatility for Abacus FCF Real Assets Leaders ETF (ABLD) is 3.19%, while Invesco High Yield Equity Dividend Achievers™ ETF (PEY) has a volatility of 4.61%. This indicates that ABLD experiences smaller price fluctuations and is considered to be less risky than PEY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ABLD | PEY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 4.61% | -1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 13.17% | 9.65% | +3.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.02% | 14.06% | +0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.43% | 16.38% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.43% | 18.87% | -1.44% |
ABLD vs. PEY - Expense Ratio Comparison
ABLD has a 0.39% expense ratio, which is lower than PEY's 0.54% expense ratio.
Dividends
ABLD vs. PEY - Dividend Comparison
ABLD's dividend yield for the trailing twelve months is around 3.65%, less than PEY's 4.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABLD Abacus FCF Real Assets Leaders ETF | 3.65% | 2.86% | 10.13% | 4.70% | 8.40% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 4.27% | 4.85% | 4.44% | 4.58% | 4.22% | 3.83% | 4.30% | 3.78% | 4.33% | 3.21% | 3.12% | 3.44% |
Frequently Asked Questions
ABLD and PEY have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PEY has higher volatility (4.61%) compared to ABLD (3.19%). In terms of maximum drawdown, ABLD dropped -19.35% vs PEY's -72.81%.
On 3-year performance, PEY leads with 12.29% vs 9.58% for ABLD. On fees, ABLD is cheaper at 0.39% per year. On volatility, ABLD has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PEY has performed better with a 12.29% return vs 9.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ABLD is cheaper with a 0.39% expense ratio, compared with 0.54% for PEY.
PEY has the higher dividend yield at 4.27%, compared with 3.65% for ABLD.
ABLD tracks FCF Yield Enhanced Real Asset Index, while PEY tracks NASDAQ US Dividend Achievers 50 Index. They also come from different issuers: Abacus and Invesco. Their fees differ too: 0.39% for ABLD and 0.54% for PEY.
PEY currently has the higher Sharpe Ratio (1.25 vs 0.49), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for ABLD and PEY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer