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 NASDAQ US Dividend Achievers 50 Index. It was launched on Dec 9, 2004.
Performance
ATWYX vs. PEY - Performance Comparison
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ATWYX vs. PEY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ATWYX AB Tax-Managed Wealth Appreciation Strategy | -1.67% | 21.44% | 18.72% | 20.55% | -18.58% | 20.45% | 12.70% | 25.56% | -9.76% | 23.04% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 5.88% | 0.56% | 5.25% | 7.29% | 2.45% | 26.15% | -3.85% | 24.76% | -7.49% | 8.78% |
Returns By Period
In the year-to-date period, ATWYX achieves a -1.67% return, which is significantly lower than PEY's 5.88% return. Over the past 10 years, ATWYX has outperformed PEY with an annualized return of 10.79%, while PEY has yielded a comparatively lower 8.63% annualized return.
ATWYX
- 1D
- 3.18%
- 1M
- -5.98%
- YTD
- -1.67%
- 6M
- 0.82%
- 1Y
- 21.55%
- 3Y*
- 17.03%
- 5Y*
- 9.31%
- 10Y*
- 10.79%
PEY
- 1D
- -0.32%
- 1M
- -0.81%
- YTD
- 5.88%
- 6M
- 3.22%
- 1Y
- 4.59%
- 3Y*
- 7.32%
- 5Y*
- 5.59%
- 10Y*
- 8.63%
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ATWYX vs. PEY - Expense Ratio Comparison
ATWYX has a 0.38% expense ratio, which is lower than PEY's 0.54% expense ratio.
Return for Risk
ATWYX vs. PEY — Risk / Return Rank
ATWYX
PEY
ATWYX vs. PEY - Risk-Adjusted Trends 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.
| ATWYX | PEY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.27 | 0.26 | +1.01 |
Sortino ratioReturn per unit of downside risk | 1.86 | 0.49 | +1.36 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.06 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 0.33 | +1.58 |
Martin ratioReturn relative to average drawdown | 8.56 | 0.98 | +7.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ATWYX | PEY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 0.26 | +1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.34 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.46 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.27 | +0.14 |
Correlation
The correlation between ATWYX and PEY is 0.74, 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.
Dividends
ATWYX vs. PEY - Dividend Comparison
ATWYX's dividend yield for the trailing twelve months is around 4.48%, less than PEY's 4.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATWYX AB Tax-Managed Wealth Appreciation Strategy | 4.48% | 4.41% | 2.49% | 1.84% | 5.88% | 5.81% | 1.23% | 4.93% | 5.57% | 12.93% | 3.16% | 7.84% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 4.68% | 4.85% | 4.44% | 4.58% | 4.22% | 3.83% | 4.30% | 3.78% | 4.33% | 3.21% | 3.12% | 3.44% |
Drawdowns
ATWYX vs. PEY - Drawdown Comparison
The maximum ATWYX drawdown since its inception was -59.14%, smaller than the maximum PEY drawdown of -72.81%. Use the drawdown chart below to compare losses from any high point for ATWYX and PEY.
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Drawdown Indicators
| ATWYX | PEY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.14% | -72.81% | +13.67% |
Max Drawdown (1Y)Largest decline over 1 year | -11.66% | -13.28% | +1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -26.21% | -17.90% | -8.31% |
Max Drawdown (10Y)Largest decline over 10 years | -34.33% | -41.55% | +7.22% |
Current DrawdownCurrent decline from peak | -6.88% | -3.71% | -3.17% |
Average DrawdownAverage peak-to-trough decline | -10.05% | -12.97% | +2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 4.45% | -1.85% |
Volatility
ATWYX vs. PEY - Volatility Comparison
AB Tax-Managed Wealth Appreciation Strategy (ATWYX) has a higher volatility of 6.28% compared to Invesco High Yield Equity Dividend Achievers™ ETF (PEY) at 3.24%. This indicates that ATWYX's price experiences larger fluctuations and is considered to be riskier than PEY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ATWYX | PEY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.28% | 3.24% | +3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 10.06% | 9.86% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.46% | 17.84% | -0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.96% | 16.38% | -0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.71% | 18.90% | -2.19% |