LBHYX vs. PEY
Compare and contrast key facts about Thrivent High Yield Fund (LBHYX) and Invesco High Yield Equity Dividend Achievers™ ETF (PEY).
LBHYX is managed by Thrivent. It was launched on Apr 3, 1987. 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: LBHYX or PEY.
Key characteristics
| LBHYX | PEY | |
|---|---|---|
| YTD Return | -0.74% | -3.90% |
| 1Y Return | 6.65% | 8.58% |
| 3Y Return (Ann) | 0.75% | 3.65% |
| 5Y Return (Ann) | 2.24% | 6.63% |
| 10Y Return (Ann) | 3.01% | 9.31% |
| Sharpe Ratio | 1.40 | 0.42 |
| Daily Std Dev | 4.76% | 17.55% |
| Max Drawdown | -31.13% | -72.82% |
| Current Drawdown | -1.91% | -5.02% |
Correlation
The correlation between LBHYX and PEY is 0.30, 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
LBHYX vs. PEY - Performance Comparison
In the year-to-date period, LBHYX achieves a -0.74% return, which is significantly higher than PEY's -3.90% return. Over the past 10 years, LBHYX has underperformed PEY with an annualized return of 3.01%, while PEY has yielded a comparatively higher 9.31% annualized return. 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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LBHYX vs. PEY - Expense Ratio Comparison
LBHYX has a 0.79% expense ratio, which is higher than PEY's 0.53% expense ratio.
Risk-Adjusted Performance
LBHYX vs. PEY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent High Yield Fund (LBHYX) 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
LBHYX vs. PEY - Dividend Comparison
LBHYX's dividend yield for the trailing twelve months is around 5.67%, more than PEY's 5.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LBHYX Thrivent High Yield Fund | 5.67% | 5.46% | 5.33% | 4.35% | 4.86% | 5.12% | 5.81% | 5.21% | 5.25% | 5.77% | 5.77% | 5.95% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 5.02% | 4.58% | 4.22% | 3.83% | 4.30% | 3.78% | 4.33% | 3.21% | 3.12% | 3.44% | 3.24% | 3.28% |
Drawdowns
LBHYX vs. PEY - Drawdown Comparison
The maximum LBHYX drawdown since its inception was -31.13%, smaller than the maximum PEY drawdown of -72.82%. Use the drawdown chart below to compare losses from any high point for LBHYX and PEY. For additional features, visit the drawdowns tool.
Volatility
LBHYX vs. PEY - Volatility Comparison
The current volatility for Thrivent High Yield Fund (LBHYX) is 1.43%, while Invesco High Yield Equity Dividend Achievers™ ETF (PEY) has a volatility of 5.37%. This indicates that LBHYX 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.