HOBEX vs. PEY
Compare and contrast key facts about Holbrook Income Fund (HOBEX) and Invesco High Yield Equity Dividend Achievers™ ETF (PEY).
HOBEX is managed by Holbrook Holdings. It was launched on Jul 6, 2016. 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: HOBEX or PEY.
Key characteristics
| HOBEX | PEY | |
|---|---|---|
| YTD Return | 6.15% | 6.19% |
| 1Y Return | 6.73% | 24.29% |
| 3Y Return (Ann) | 2.78% | 6.76% |
| 5Y Return (Ann) | 4.63% | 8.04% |
| Sharpe Ratio | 2.07 | 1.57 |
| Sortino Ratio | 3.24 | 2.36 |
| Omega Ratio | 1.67 | 1.28 |
| Calmar Ratio | 2.72 | 1.86 |
| Martin Ratio | 14.61 | 5.93 |
| Ulcer Index | 0.51% | 4.14% |
| Daily Std Dev | 3.60% | 15.64% |
| Max Drawdown | -23.58% | -72.82% |
| Current Drawdown | 0.00% | -3.22% |
Correlation
The correlation between HOBEX and PEY is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
HOBEX vs. PEY - Performance Comparison
The year-to-date returns for both investments are quite close, with HOBEX having a 6.15% return and PEY slightly higher at 6.19%. 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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HOBEX vs. PEY - Expense Ratio Comparison
HOBEX has a 1.60% expense ratio, which is higher than PEY's 0.53% expense ratio.
Risk-Adjusted Performance
HOBEX vs. PEY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Holbrook Income Fund (HOBEX) 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
HOBEX vs. PEY - Dividend Comparison
HOBEX's dividend yield for the trailing twelve months is around 5.42%, more than PEY's 4.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HOBEX Holbrook Income Fund | 5.42% | 6.37% | 4.83% | 4.44% | 5.44% | 3.00% | 5.92% | 2.75% | 1.21% | 0.00% | 0.00% | 0.00% |
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
HOBEX vs. PEY - Drawdown Comparison
The maximum HOBEX drawdown since its inception was -23.58%, smaller than the maximum PEY drawdown of -72.82%. Use the drawdown chart below to compare losses from any high point for HOBEX and PEY. For additional features, visit the drawdowns tool.
Volatility
HOBEX vs. PEY - Volatility Comparison
The current volatility for Holbrook Income Fund (HOBEX) is 0.96%, while Invesco High Yield Equity Dividend Achievers™ ETF (PEY) has a volatility of 3.47%. This indicates that HOBEX 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.