DVY vs. PEY
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
| DVY | PEY | |
|---|---|---|
| YTD Return | 16.94% | 6.19% |
| 1Y Return | 33.15% | 24.56% |
| 3Y Return (Ann) | 8.02% | 6.77% |
| 5Y Return (Ann) | 9.52% | 8.34% |
| 10Y Return (Ann) | 9.28% | 9.52% |
| Sharpe Ratio | 2.67 | 1.67 |
| Sortino Ratio | 3.73 | 2.49 |
| Omega Ratio | 1.47 | 1.30 |
| Calmar Ratio | 2.06 | 1.95 |
| Martin Ratio | 16.41 | 6.32 |
| Ulcer Index | 2.10% | 4.14% |
| Daily Std Dev | 12.90% | 15.68% |
| Max Drawdown | -62.59% | -72.82% |
| Current Drawdown | -2.74% | -3.22% |
Correlation
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.
Performance
DVY vs. PEY - Performance Comparison
In the year-to-date period, DVY achieves a 16.94% return, which is significantly higher than PEY's 6.19% return. Both investments have delivered pretty close results over the past 10 years, with DVY having a 9.28% annualized return and PEY not far ahead at 9.52%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
DVY vs. PEY - Expense Ratio Comparison
DVY has a 0.39% expense ratio, which is lower than PEY's 0.53% expense ratio.
Risk-Adjusted Performance
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.
Dividends
DVY vs. PEY - Dividend Comparison
DVY's dividend yield for the trailing twelve months is around 3.50%, less than PEY's 4.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVY iShares Select Dividend ETF | 3.50% | 3.82% | 3.43% | 3.12% | 3.66% | 3.41% | 3.58% | 3.00% | 3.04% | 3.45% | 3.03% | 3.06% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 4.70% | 4.58% | 4.22% | 3.83% | 4.30% | 3.78% | 4.33% | 3.21% | 3.12% | 3.44% | 3.24% | 3.28% |
Drawdowns
DVY vs. PEY - Drawdown Comparison
The maximum DVY drawdown since its inception was -62.59%, smaller than the maximum PEY drawdown of -72.82%. Use the drawdown chart below to compare losses from any high point for DVY and PEY. For additional features, visit the drawdowns tool.
Volatility
DVY vs. PEY - Volatility Comparison
The current volatility for iShares Select Dividend ETF (DVY) is 3.30%, while Invesco High Yield Equity Dividend Achievers™ ETF (PEY) has a volatility of 3.64%. This indicates that DVY 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.