AVDE vs. PEY
Compare and contrast key facts about Avantis International Equity ETF (AVDE) and Invesco High Yield Equity Dividend Achievers™ ETF (PEY).
AVDE and PEY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AVDE is a passively managed fund by American Century Investments that tracks the performance of the MSCI World ex-USA IMI Index. It was launched on Sep 24, 2019. 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. Both AVDE and PEY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AVDE or PEY.
Key characteristics
| AVDE | PEY | |
|---|---|---|
| YTD Return | 2.45% | -4.57% |
| 1Y Return | 9.12% | 5.01% |
| 3Y Return (Ann) | 2.31% | 3.48% |
| Sharpe Ratio | 0.75 | 0.23 |
| Daily Std Dev | 12.62% | 17.59% |
| Max Drawdown | -36.99% | -72.82% |
| Current Drawdown | -3.01% | -5.69% |
Correlation
The correlation between AVDE and PEY is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AVDE vs. PEY - Performance Comparison
In the year-to-date period, AVDE achieves a 2.45% return, which is significantly higher than PEY's -4.57% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AVDE vs. PEY - Expense Ratio Comparison
Risk-Adjusted Performance
AVDE vs. PEY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis International Equity ETF (AVDE) 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.
Dividends
AVDE vs. PEY - Dividend Comparison
AVDE's dividend yield for the trailing twelve months is around 2.94%, less than PEY's 5.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVDE Avantis International Equity ETF | 2.94% | 3.01% | 2.79% | 2.46% | 1.63% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 5.03% | 4.58% | 4.22% | 3.83% | 4.30% | 3.78% | 4.33% | 3.21% | 3.12% | 3.44% | 3.24% | 3.28% |
Drawdowns
AVDE vs. PEY - Drawdown Comparison
The maximum AVDE drawdown since its inception was -36.99%, smaller than the maximum PEY drawdown of -72.82%. Use the drawdown chart below to compare losses from any high point for AVDE and PEY. For additional features, visit the drawdowns tool.
Volatility
AVDE vs. PEY - Volatility Comparison
The current volatility for Avantis International Equity ETF (AVDE) is 3.08%, while Invesco High Yield Equity Dividend Achievers™ ETF (PEY) has a volatility of 5.30%. This indicates that AVDE 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.