Correlation
The correlation between ATWYX and PEY is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
ATWYX vs. PEY
Compare and contrast key facts about AB Tax-Managed Wealth Appreciation Strategy (ATWYX) and Invesco High Yield Equity Dividend Achievers™ ETF (PEY).
ATWYX is managed by Blackrock. It was launched on Sep 1, 2003. PEY is a passively managed fund by Invesco that tracks the performance of the Dividend Achiever 50 Index. It was launched on Dec 9, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ATWYX or PEY.
Performance
ATWYX vs. PEY - Performance Comparison
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Key characteristics
ATWYX:
0.51
PEY:
0.40
ATWYX:
0.73
PEY:
0.70
ATWYX:
1.10
PEY:
1.09
ATWYX:
0.45
PEY:
0.41
ATWYX:
1.76
PEY:
1.21
ATWYX:
4.53%
PEY:
6.03%
ATWYX:
18.41%
PEY:
17.78%
ATWYX:
-60.18%
PEY:
-72.82%
ATWYX:
-1.75%
PEY:
-10.24%
Returns By Period
In the year-to-date period, ATWYX achieves a 4.07% return, which is significantly higher than PEY's -2.94% return. Over the past 10 years, ATWYX has underperformed PEY with an annualized return of 4.87%, while PEY has yielded a comparatively higher 8.70% annualized return.
ATWYX
4.07%
5.89%
-0.23%
8.60%
9.44%
10.42%
4.87%
PEY
-2.94%
2.69%
-9.89%
4.86%
1.70%
11.99%
8.70%
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ATWYX vs. PEY - Expense Ratio Comparison
ATWYX has a 0.38% expense ratio, which is lower than PEY's 0.53% expense ratio.
Risk-Adjusted Performance
ATWYX vs. PEY — Risk-Adjusted Performance Rank
ATWYX
PEY
ATWYX vs. PEY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Tax-Managed Wealth Appreciation Strategy (ATWYX) 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.
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Dividends
ATWYX vs. PEY - Dividend Comparison
ATWYX's dividend yield for the trailing twelve months is around 2.39%, less than PEY's 4.64% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATWYX AB Tax-Managed Wealth Appreciation Strategy | 2.39% | 2.49% | 1.84% | 5.88% | 5.81% | 1.23% | 4.93% | 5.57% | 12.93% | 3.16% | 7.84% | 2.77% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 4.64% | 4.44% | 4.58% | 4.22% | 3.83% | 4.30% | 3.78% | 4.33% | 3.21% | 3.12% | 3.44% | 3.24% |
Drawdowns
ATWYX vs. PEY - Drawdown Comparison
The maximum ATWYX drawdown since its inception was -60.18%, smaller than the maximum PEY drawdown of -72.82%. Use the drawdown chart below to compare losses from any high point for ATWYX and PEY.
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Volatility
ATWYX vs. PEY - Volatility Comparison
The current volatility for AB Tax-Managed Wealth Appreciation Strategy (ATWYX) is 4.14%, while Invesco High Yield Equity Dividend Achievers™ ETF (PEY) has a volatility of 5.41%. This indicates that ATWYX 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.
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