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DVY vs. PEY

Last updated Jun 2, 2023

Compare and contrast key facts about iShares Select Dividend ETF (DVY) and Invesco High Yield Equity Dividend Achievers™ ETF (PEY).

DVY and PEY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DVY is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Dividend Index. It was launched on Nov 3, 2003. 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 DVY 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: DVY or PEY.

Key characteristics


DVYPEY
YTD Return-8.82%-9.80%
1Y Return-12.71%-13.04%
5Y Return (Ann)5.96%5.62%
10Y Return (Ann)9.00%9.77%
Sharpe Ratio-0.71-0.74
Daily Std Dev18.66%18.04%
Max Drawdown-62.59%-72.82%

Correlation

0.93
-1.001.00

The correlation between DVY and PEY is 0.93, 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.

DVY vs. PEY - Performance Comparison

In the year-to-date period, DVY achieves a -8.82% return, which is significantly lower than PEY's -9.80% return. Over the past 10 years, DVY has underperformed PEY with an annualized return of 9.00%, while PEY has yielded a comparatively higher 9.77% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%-5.00%0.00%2023FebruaryMarchAprilMayJune
-11.42%
-12.75%
DVY
PEY

Compare stocks, funds, or ETFs


DVY vs. PEY - Dividend Comparison

DVY's dividend yield for the trailing twelve months is around 4.72%, less than PEY's 6.66% yield.


TTM20222021202020192018201720162015201420132012
DVY
iShares Select Dividend ETF
4.72%3.46%3.26%3.95%3.84%4.18%3.62%3.79%4.43%4.03%4.21%5.26%
PEY
Invesco High Yield Equity Dividend Achievers™ ETF
6.66%4.30%4.07%4.75%4.39%5.23%4.04%4.06%4.63%4.51%4.73%6.48%

DVY vs. PEY - Expense Ratio Comparison

DVY has a 0.39% expense ratio, which is lower than PEY's 0.53% expense ratio.

DVY vs. PEY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Select Dividend ETF (DVY) 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
DVY
iShares Select Dividend ETF
-0.71
PEY
Invesco High Yield Equity Dividend Achievers™ ETF
-0.74

DVY vs. PEY - Sharpe Ratio Comparison

The current DVY Sharpe Ratio is -0.71, which roughly equals the PEY Sharpe Ratio of -0.74. The chart below compares the 12-month rolling Sharpe Ratio of DVY and PEY.


-0.500.000.502023FebruaryMarchAprilMayJune
-0.71
-0.74
DVY
PEY

DVY vs. PEY - Drawdown Comparison

The maximum DVY drawdown for the period was -14.87%, roughly equal to the maximum PEY drawdown of -14.86%. The drawdown chart below compares losses from any high point along the way for DVY and PEY


-15.00%-10.00%-5.00%0.00%2023FebruaryMarchAprilMayJune
-14.50%
-14.58%
DVY
PEY

DVY vs. PEY - Volatility Comparison

iShares Select Dividend ETF (DVY) and Invesco High Yield Equity Dividend Achievers™ ETF (PEY) have volatilities of 4.14% and 4.07%, 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.


3.00%4.00%5.00%6.00%7.00%2023FebruaryMarchAprilMayJune
4.14%
4.07%
DVY
PEY