CCFE vs. PEY
CCFE (Concourse Capital Focused Equity ETF) and PEY (Invesco High Yield Equity Dividend Achievers™ ETF) are both Mid Cap Value Equities funds. CCFE is actively managed, while PEY is passively managed. Over the past year, CCFE returned 10.84% vs 24.40% for PEY. Their 0.60 correlation means they have sometimes moved together and sometimes differently. CCFE charges 0.95%/yr vs 0.54%/yr for PEY.
Performance
CCFE vs. PEY - Performance Comparison
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Returns By Period
In the year-to-date period, CCFE achieves a 4.41% return, which is significantly lower than PEY's 21.78% return.
CCFE
- 1D
- -0.92%
- 1M
- 3.03%
- 6M
- -1.34%
- YTD
- 4.41%
- 1Y
- 10.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.58%
PEY
- 1D
- -0.80%
- 1M
- 2.19%
- 6M
- 14.34%
- YTD
- 21.78%
- 1Y
- 24.40%
- 3Y*
- 11.82%
- 5Y*
- 8.46%
- 10Y*
- 9.05%
- ALL TIME*
- 6.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.39K | $6.75K | $13.51K | |
| $6.16M | $4.94M | $4.80M |
CCFE vs. PEY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CCFE Concourse Capital Focused Equity ETF | 4.41% | 6.24% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 21.78% | 2.30% |
Correlation
The correlation between CCFE and PEY is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025 | 0.60 |
The correlation between CCFE and PEY has been stable across timeframes, ranging from 0.56 to 0.60 - a consistent structural relationship.
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Return for Risk
CCFE vs. PEY — Risk / Return Rank
CCFE
PEY
CCFE vs. PEY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Concourse Capital Focused Equity ETF (CCFE) 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.
| CCFE | PEY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.28 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | 2.62 | -2.13 |
| Martin ratioReturn relative to average drawdown | 1.05 | 7.66 | -6.61 |
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Drawdowns
CCFE vs. PEY - Drawdown Comparison
The maximum CCFE drawdown since its inception was -21.15%, smaller than the maximum PEY drawdown of -72.81%. Use the drawdown chart below to compare losses from any high point for CCFE and PEY.
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Drawdown Indicators
| CCFE | PEY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.15% | -72.81% | +51.66% |
Max Drawdown (1Y)Largest decline over 1 year | -21.15% | -8.88% | -12.27% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.55% | — |
Current DrawdownCurrent decline from peak | -12.76% | -2.76% | -10.00% |
Average DrawdownAverage peak-to-trough decline | -7.46% | -12.79% | +5.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.96% | 3.03% | +6.93% |
Volatility
CCFE vs. PEY - Volatility Comparison
Concourse Capital Focused Equity ETF (CCFE) and Invesco High Yield Equity Dividend Achievers™ ETF (PEY) have volatilities of 5.11% and 5.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCFE | PEY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 5.27% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 18.71% | 10.05% | +8.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.44% | 14.27% | +10.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.94% | 16.45% | +7.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.94% | 18.91% | +5.03% |
CCFE vs. PEY - Expense Ratio Comparison
CCFE has a 0.95% expense ratio, which is higher than PEY's 0.54% expense ratio.
Dividends
CCFE vs. PEY - Dividend Comparison
CCFE's dividend yield for the trailing twelve months is around 0.02%, less than PEY's 4.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCFE Concourse Capital Focused Equity ETF | 0.02% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 4.26% | 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
CCFE and PEY have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PEY has higher volatility (5.27%) compared to CCFE (5.11%). In terms of maximum drawdown, CCFE dropped -21.15% vs PEY's -72.81%.
On 1-year performance, PEY leads with 24.40% vs 10.84% for CCFE. On fees, PEY is cheaper at 0.54% per year. On volatility, CCFE has been the lower-risk option at 5.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PEY has performed better with a 24.40% return vs 10.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PEY is cheaper with a 0.54% expense ratio, compared with 0.95% for CCFE.
PEY has the higher dividend yield at 4.26%, compared with 0.02% for CCFE.
They also come from different issuers: Concourse Capital and Invesco. Their fees differ too: 0.95% for CCFE and 0.54% for PEY.
PEY currently has the higher Sharpe Ratio (1.63 vs 0.43), 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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