ATWYX vs. PEY
ATWYX (AB Tax-Managed Wealth Appreciation Strategy) and PEY (Invesco High Yield Equity Dividend Achievers™ ETF) are both funds - ATWYX is a Global Equities fund managed by BlackRock, while PEY is a Mid Cap Value Equities fund tracking the NASDAQ US Dividend Achievers 50 Index. Over the past 10 years, ATWYX returned 12.52%/yr vs 8.73%/yr for PEY. A 0.73 correlation means they provide meaningful diversification when combined. ATWYX charges 0.38%/yr vs 0.54%/yr for PEY.
Performance
ATWYX vs. PEY - Performance Comparison
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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%
ATWYX vs. PEY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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
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.
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.
| ATWYX | PEY | Difference | |
|---|---|---|---|
| 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 |
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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
| ATWYX | PEY | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -0.14% | -2.46% | +2.32% |
Average DrawdownAverage peak-to-trough decline | -9.97% | -12.85% | +2.88% |
Ulcer IndexDepth 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
| ATWYX | PEY | Difference | |
|---|---|---|---|
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.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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.
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