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ATWYX vs. PEY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

ATWYX vs. PEY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Tax-Managed Wealth Appreciation Strategy (ATWYX) and Invesco High Yield Equity Dividend Achievers™ ETF (PEY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ATWYX achieves a 12.13% return, which is significantly lower than PEY's 14.10% return. Over the past 10 years, ATWYX has outperformed PEY with an annualized return of 12.52%, while PEY has yielded a comparatively lower 8.73% annualized return.


ATWYX

1D
-0.14%
1M
1.73%
YTD
12.13%
6M
11.56%
1Y
27.85%
3Y*
20.78%
5Y*
11.28%
10Y*
12.52%

PEY

1D
1.16%
1M
1.72%
YTD
14.10%
6M
13.85%
1Y
17.71%
3Y*
12.04%
5Y*
6.66%
10Y*
8.73%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ATWYX vs. PEY - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
ATWYX
AB Tax-Managed Wealth Appreciation Strategy
12.13%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
14.10%0.56%5.25%7.29%2.45%26.15%-3.85%24.76%-7.49%8.78%

Correlation

The correlation between ATWYX and PEY is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.38

Correlation (3Y)
Calculated over the trailing 3-year period

0.50

Correlation (5Y)
Calculated over the trailing 5-year period

0.59

Correlation (10Y)
Calculated over the trailing 10-year period

0.63

Correlation (All Time)
Calculated using the full available price history since Dec 9, 2004

0.73

Over the past year, the correlation between ATWYX and PEY has dropped to 0.38 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

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Return for Risk

ATWYX vs. PEY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ATWYX
ATWYX Risk / Return Rank: 6565
Overall Rank
ATWYX Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
ATWYX Sortino Ratio Rank: 6161
Sortino Ratio Rank
ATWYX Omega Ratio Rank: 6262
Omega Ratio Rank
ATWYX Calmar Ratio Rank: 6565
Calmar Ratio Rank
ATWYX Martin Ratio Rank: 7373
Martin Ratio Rank

PEY
PEY Risk / Return Rank: 3737
Overall Rank
PEY Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
PEY Sortino Ratio Rank: 3939
Sortino Ratio Rank
PEY Omega Ratio Rank: 3333
Omega Ratio Rank
PEY Calmar Ratio Rank: 4242
Calmar Ratio Rank
PEY Martin Ratio Rank: 3737
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

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.


ATWYXPEYDifference
Sharpe ratioReturn per unit of total volatility

+0.92

Sortino ratioReturn per unit of downside risk

+1.04

Omega ratioGain probability vs. loss probability

1.40

1.22

+0.18

Calmar ratioReturn relative to maximum drawdown

2.97

2.00

+0.97

Martin ratioReturn relative to average drawdown

13.05

5.59

+7.45

ATWYX vs. PEY - Sharpe Ratio Comparison

The current ATWYX Sharpe Ratio is 2.18, which is higher than the PEY Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of ATWYX and PEY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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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


ATWYXPEYDifference

Max Drawdown

Largest peak-to-trough decline

-59.14%

-72.81%

+13.67%

Max Drawdown (1Y)

Largest decline over 1 year

-9.75%

-8.88%

-0.87%

Max Drawdown (3Y)

Largest decline over 3 years

-17.58%

-17.90%

+0.32%

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 Drawdown

Current decline from peak

-0.14%

-2.46%

+2.32%

Average Drawdown

Average peak-to-trough decline

-9.97%

-12.85%

+2.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.22%

3.17%

-0.95%

Volatility

ATWYX vs. PEY - Volatility Comparison

AB Tax-Managed Wealth Appreciation Strategy (ATWYX) has a higher volatility of 4.70% compared to Invesco High Yield Equity Dividend Achievers™ ETF (PEY) at 4.05%. 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


ATWYXPEYDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.70%

4.05%

+0.65%

Volatility (6M)

Calculated over the trailing 6-month period

10.84%

9.55%

+1.29%

Volatility (1Y)

Calculated over the trailing 1-year period

13.33%

14.17%

-0.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.10%

16.36%

-0.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.79%

18.88%

-2.09%

ATWYX vs. PEY - Expense Ratio Comparison

ATWYX has a 0.38% expense ratio, which is lower than PEY's 0.54% expense ratio.


Dividends

ATWYX vs. PEY - Dividend Comparison

ATWYX's dividend yield for the trailing twelve months is around 3.93%, less than PEY's 4.49% yield.


PositionTTM20252024202320222021202020192018201720162015
ATWYX
AB Tax-Managed Wealth Appreciation Strategy
3.93%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
4.49%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


ATWYX and PEY have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ATWYX has higher volatility (4.70%) compared to PEY (4.05%). In terms of maximum drawdown, ATWYX dropped -59.14% vs PEY's -72.81%.

ATWYX currently has the higher Sharpe Ratio (2.18 vs 1.26), 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.

Portfolio Optimizer

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