GHVIX vs. PEY
Compare and contrast key facts about GMO High Yield Fund (GHVIX) and Invesco High Yield Equity Dividend Achievers™ ETF (PEY).
GHVIX is managed by GMO. It was launched on Jun 25, 2018. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GHVIX or PEY.
Correlation
The correlation between GHVIX and PEY is 0.53, 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
GHVIX vs. PEY - Performance Comparison
Key characteristics
GHVIX:
2.86
PEY:
1.25
GHVIX:
4.29
PEY:
1.88
GHVIX:
1.57
PEY:
1.22
GHVIX:
4.63
PEY:
1.85
GHVIX:
17.49
PEY:
4.96
GHVIX:
0.57%
PEY:
3.51%
GHVIX:
3.50%
PEY:
13.87%
GHVIX:
-20.44%
PEY:
-72.81%
GHVIX:
-0.12%
PEY:
-3.68%
Returns By Period
In the year-to-date period, GHVIX achieves a 1.74% return, which is significantly lower than PEY's 4.16% return.
GHVIX
1.74%
0.89%
3.76%
9.91%
3.64%
N/A
PEY
4.16%
1.72%
6.07%
16.86%
7.72%
9.45%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GHVIX vs. PEY - Expense Ratio Comparison
GHVIX has a 0.46% expense ratio, which is lower than PEY's 0.53% expense ratio.
Risk-Adjusted Performance
GHVIX vs. PEY — Risk-Adjusted Performance Rank
GHVIX
PEY
GHVIX vs. PEY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO High Yield Fund (GHVIX) 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
GHVIX vs. PEY - Dividend Comparison
GHVIX's dividend yield for the trailing twelve months is around 14.28%, more than PEY's 4.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHVIX GMO High Yield Fund | 14.28% | 14.53% | 4.37% | 7.91% | 8.87% | 1.93% | 7.76% | 3.20% | 0.00% | 0.00% | 0.00% | 0.00% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 3.92% | 4.44% | 4.58% | 4.21% | 3.82% | 4.30% | 3.79% | 4.34% | 3.22% | 3.12% | 3.44% | 3.24% |
Drawdowns
GHVIX vs. PEY - Drawdown Comparison
The maximum GHVIX drawdown since its inception was -20.44%, smaller than the maximum PEY drawdown of -72.81%. Use the drawdown chart below to compare losses from any high point for GHVIX and PEY. For additional features, visit the drawdowns tool.
Volatility
GHVIX vs. PEY - Volatility Comparison
The current volatility for GMO High Yield Fund (GHVIX) is 0.78%, while Invesco High Yield Equity Dividend Achievers™ ETF (PEY) has a volatility of 3.45%. This indicates that GHVIX 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.