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PCEF vs. YYY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

PCEF vs. YYY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco CEF Income Composite ETF (PCEF) and Amplify CEF High Income ETF (YYY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PCEF achieves a 5.15% return, which is significantly higher than YYY's 4.86% return. Over the past 10 years, PCEF has outperformed YYY with an annualized return of 7.33%, while YYY has yielded a comparatively lower 5.73% annualized return.


PCEF

1D
-0.29%
1M
1.56%
YTD
5.15%
6M
5.39%
1Y
13.93%
3Y*
13.40%
5Y*
4.85%
10Y*
7.33%

YYY

1D
-0.15%
1M
0.02%
YTD
4.86%
6M
4.67%
1Y
12.27%
3Y*
12.38%
5Y*
3.14%
10Y*
5.73%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PCEF vs. YYY - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
PCEF
Invesco CEF Income Composite ETF
5.15%12.59%16.70%9.39%-18.66%15.38%4.61%24.08%-8.88%14.48%
YYY
Amplify CEF High Income ETF
4.86%13.08%11.86%12.98%-21.78%14.13%-0.86%21.87%-10.21%13.86%

Correlation

The correlation between PCEF and YYY is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.83

Correlation (3Y)
Calculated over the trailing 3-year period

0.83

Correlation (5Y)
Calculated over the trailing 5-year period

0.86

Correlation (10Y)
Calculated over the trailing 10-year period

0.83

Correlation (All Time)
Calculated using the full available price history since Jun 12, 2012

0.79

The correlation between PCEF and YYY has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.

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Return for Risk

PCEF vs. YYY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PCEF
PCEF Risk / Return Rank: 4545
Overall Rank
PCEF Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
PCEF Sortino Ratio Rank: 4646
Sortino Ratio Rank
PCEF Omega Ratio Rank: 4848
Omega Ratio Rank
PCEF Calmar Ratio Rank: 3535
Calmar Ratio Rank
PCEF Martin Ratio Rank: 4848
Martin Ratio Rank

YYY
YYY Risk / Return Rank: 4040
Overall Rank
YYY Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
YYY Sortino Ratio Rank: 4141
Sortino Ratio Rank
YYY Omega Ratio Rank: 4242
Omega Ratio Rank
YYY Calmar Ratio Rank: 3131
Calmar Ratio Rank
YYY Martin Ratio Rank: 4242
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PCEF vs. YYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco CEF Income Composite ETF (PCEF) and Amplify CEF High Income ETF (YYY). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.


PCEFYYYDifference
Sharpe ratioReturn per unit of total volatility

+0.16

Sortino ratioReturn per unit of downside risk

+0.23

Omega ratioGain probability vs. loss probability

1.30

1.27

+0.03

Calmar ratioReturn relative to maximum drawdown

1.69

1.53

+0.16

Martin ratioReturn relative to average drawdown

7.79

6.58

+1.20

PCEF vs. YYY - Sharpe Ratio Comparison

The current PCEF Sharpe Ratio is 1.57, which is comparable to the YYY Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of PCEF and YYY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

PCEF vs. YYY - Drawdown Comparison

The maximum PCEF drawdown since its inception was -38.64%, smaller than the maximum YYY drawdown of -42.52%. Use the drawdown chart below to compare losses from any high point for PCEF and YYY.


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Drawdown Indicators


PCEFYYYDifference

Max Drawdown

Largest peak-to-trough decline

-38.64%

-42.52%

+3.88%

Max Drawdown (1Y)

Largest decline over 1 year

-8.30%

-8.07%

-0.23%

Max Drawdown (3Y)

Largest decline over 3 years

-14.09%

-13.47%

-0.62%

Max Drawdown (5Y)

Largest decline over 5 years

-24.25%

-27.92%

+3.67%

Max Drawdown (10Y)

Largest decline over 10 years

-38.64%

-42.52%

+3.88%

Current Drawdown

Current decline from peak

-0.58%

-0.93%

+0.35%

Average Drawdown

Average peak-to-trough decline

-4.46%

-6.82%

+2.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.79%

1.87%

-0.08%

Volatility

PCEF vs. YYY - Volatility Comparison

Invesco CEF Income Composite ETF (PCEF) has a higher volatility of 2.86% compared to Amplify CEF High Income ETF (YYY) at 2.55%. This indicates that PCEF's price experiences larger fluctuations and is considered to be riskier than YYY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


PCEFYYYDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.86%

2.55%

+0.31%

Volatility (6M)

Calculated over the trailing 6-month period

7.55%

7.23%

+0.32%

Volatility (1Y)

Calculated over the trailing 1-year period

8.92%

8.71%

+0.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.52%

11.37%

+0.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.31%

13.90%

-0.59%

PCEF vs. YYY - Expense Ratio Comparison

PCEF has a 2.71% expense ratio, which is lower than YYY's 3.23% expense ratio.


Dividends

PCEF vs. YYY - Dividend Comparison

PCEF's dividend yield for the trailing twelve months is around 8.36%, less than YYY's 12.57% yield.


PositionTTM20252024202320222021202020192018201720162015
PCEF
Invesco CEF Income Composite ETF
8.36%7.96%8.79%9.86%8.93%6.67%7.54%7.12%8.21%6.96%7.72%9.18%
YYY
Amplify CEF High Income ETF
12.57%12.51%12.50%12.39%12.36%9.08%9.79%9.10%9.73%8.16%10.34%10.77%

Frequently Asked Questions


PCEF and YYY have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PCEF has higher volatility (2.86%) compared to YYY (2.55%). In terms of maximum drawdown, PCEF dropped -38.64% vs YYY's -42.52%.

On 10-year performance, PCEF leads with 7.33% vs 5.73% for YYY. On fees, PCEF is cheaper at 2.71% per year. On volatility, YYY has been the lower-risk option at 2.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, PCEF has performed better with a 7.33% return vs 5.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

PCEF is cheaper with a 2.71% expense ratio, compared with 3.23% for YYY.

YYY has the higher dividend yield at 12.57%, compared with 8.36% for PCEF.

PCEF tracks S-Network Composite Closed-End Fund Index, while YYY tracks Nasdaq CEF High Income™ Index. They also come from different issuers: Invesco and Amplify. Their fees differ too: 2.71% for PCEF and 3.23% for YYY.

PCEF currently has the higher Sharpe Ratio (1.57 vs 1.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

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