IPHYX vs. PEY
Compare and contrast key facts about Voya High Yield Portfolio (IPHYX) and Invesco High Yield Equity Dividend Achievers™ ETF (PEY).
IPHYX is managed by Voya. It was launched on May 3, 2004. PEY is a passively managed fund by Invesco that tracks the performance of the NASDAQ US Dividend Achievers 50 Index. It was launched on Dec 9, 2004.
Performance
IPHYX vs. PEY - Performance Comparison
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IPHYX vs. PEY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IPHYX Voya High Yield Portfolio | -1.15% | 6.80% | 6.74% | 11.47% | -13.75% | 4.15% | 5.66% | 15.24% | -3.18% | 6.24% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 5.88% | 0.56% | 5.25% | 7.29% | 2.45% | 26.15% | -3.85% | 24.76% | -7.49% | 8.78% |
Returns By Period
In the year-to-date period, IPHYX achieves a -1.15% return, which is significantly lower than PEY's 5.88% return. Over the past 10 years, IPHYX has underperformed PEY with an annualized return of 4.62%, while PEY has yielded a comparatively higher 8.63% annualized return.
IPHYX
- 1D
- 0.81%
- 1M
- -1.47%
- YTD
- -1.15%
- 6M
- -0.12%
- 1Y
- 4.34%
- 3Y*
- 6.55%
- 5Y*
- 2.50%
- 10Y*
- 4.62%
PEY
- 1D
- -0.32%
- 1M
- -0.81%
- YTD
- 5.88%
- 6M
- 3.22%
- 1Y
- 4.59%
- 3Y*
- 7.32%
- 5Y*
- 5.59%
- 10Y*
- 8.63%
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IPHYX vs. PEY - Expense Ratio Comparison
IPHYX has a 0.73% expense ratio, which is higher than PEY's 0.54% expense ratio.
Return for Risk
IPHYX vs. PEY — Risk / Return Rank
IPHYX
PEY
IPHYX vs. PEY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya High Yield Portfolio (IPHYX) 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.
| IPHYX | PEY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 0.26 | +0.95 |
Sortino ratioReturn per unit of downside risk | 1.73 | 0.49 | +1.24 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.06 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 1.31 | 0.33 | +0.99 |
Martin ratioReturn relative to average drawdown | 5.81 | 0.98 | +4.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IPHYX | PEY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 0.26 | +0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.34 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.46 | +0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.27 | +0.74 |
Correlation
The correlation between IPHYX and PEY is 0.29, 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.
Dividends
IPHYX vs. PEY - Dividend Comparison
IPHYX's dividend yield for the trailing twelve months is around 3.95%, less than PEY's 4.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPHYX Voya High Yield Portfolio | 3.95% | 4.47% | 5.90% | 5.68% | 4.36% | 4.26% | 5.03% | 5.14% | 6.03% | 6.82% | 6.44% | 6.32% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 4.68% | 4.85% | 4.44% | 4.58% | 4.22% | 3.83% | 4.30% | 3.78% | 4.33% | 3.21% | 3.12% | 3.44% |
Drawdowns
IPHYX vs. PEY - Drawdown Comparison
The maximum IPHYX drawdown since its inception was -32.43%, smaller than the maximum PEY drawdown of -72.81%. Use the drawdown chart below to compare losses from any high point for IPHYX and PEY.
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Drawdown Indicators
| IPHYX | PEY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.43% | -72.81% | +40.38% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -13.28% | +10.28% |
Max Drawdown (5Y)Largest decline over 5 years | -17.18% | -17.90% | +0.72% |
Max Drawdown (10Y)Largest decline over 10 years | -20.45% | -41.55% | +21.10% |
Current DrawdownCurrent decline from peak | -1.72% | -3.71% | +1.99% |
Average DrawdownAverage peak-to-trough decline | -2.81% | -12.97% | +10.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 4.45% | -3.69% |
Volatility
IPHYX vs. PEY - Volatility Comparison
The current volatility for Voya High Yield Portfolio (IPHYX) is 1.64%, while Invesco High Yield Equity Dividend Achievers™ ETF (PEY) has a volatility of 3.24%. This indicates that IPHYX 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.
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Volatility by Period
| IPHYX | PEY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 3.24% | -1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 2.37% | 9.86% | -7.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.27% | 17.84% | -13.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.16% | 16.38% | -11.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.51% | 18.90% | -13.39% |