PEY vs. BENJ
PEY (Invesco High Yield Equity Dividend Achievers™ ETF) and BENJ (Horizon Landmark ETF) are both exchange-traded funds - PEY is a Mid Cap Value Equities fund tracking the NASDAQ US Dividend Achievers 50 Index, while BENJ is a Ultrashort Bond fund actively managed by Horizon. PEY is passively managed, while BENJ is actively managed. Over the past year, PEY returned 18.17% vs 3.78% for BENJ. At a correlation of -0.04, they often move in opposite directions. PEY charges 0.54%/yr vs 0.40%/yr for BENJ.
Performance
PEY vs. BENJ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PEY achieves a 13.21% return, which is significantly higher than BENJ's 1.46% return.
PEY
- 1D
- 1.25%
- 1M
- 2.72%
- YTD
- 13.21%
- 6M
- 13.70%
- 1Y
- 18.17%
- 3Y*
- 11.81%
- 5Y*
- 5.83%
- 10Y*
- 8.51%
BENJ
- 1D
- -0.01%
- 1M
- 0.29%
- YTD
- 1.46%
- 6M
- 1.80%
- 1Y
- 3.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PEY vs. BENJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 13.21% | -1.86% |
BENJ Horizon Landmark ETF | 1.46% | 3.75% |
Correlation
The correlation between PEY and BENJ is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2025 | -0.04 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PEY vs. BENJ — Risk / Return Rank
PEY
BENJ
PEY vs. BENJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco High Yield Equity Dividend Achievers™ ETF (PEY) and Horizon Landmark ETF (BENJ). 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.
| PEY | BENJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.36 | ||
| Sortino ratioReturn per unit of downside risk | -7.15 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 4.95 | -3.73 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 9.71 | -7.65 |
| Martin ratioReturn relative to average drawdown | 5.75 | 45.83 | -40.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| PEY | BENJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 5.65 | -4.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 6.41 | -6.13 |
Drawdowns
PEY vs. BENJ - Drawdown Comparison
The maximum PEY drawdown since its inception was -72.81%, which is greater than BENJ's maximum drawdown of -0.39%. Use the drawdown chart below to compare losses from any high point for PEY and BENJ.
Loading charts...
Drawdown Indicators
| PEY | BENJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.81% | -0.39% | -72.42% |
Max Drawdown (1Y)Largest decline over 1 year | -8.88% | -0.39% | -8.49% |
Max Drawdown (3Y)Largest decline over 3 years | -17.90% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.90% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.55% | — | — |
Current DrawdownCurrent decline from peak | -0.41% | -0.01% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -12.88% | -0.02% | -12.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 0.08% | +3.09% |
Volatility
PEY vs. BENJ - Volatility Comparison
Invesco High Yield Equity Dividend Achievers™ ETF (PEY) has a higher volatility of 3.88% compared to Horizon Landmark ETF (BENJ) at 0.07%. This indicates that PEY's price experiences larger fluctuations and is considered to be riskier than BENJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PEY | BENJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 0.07% | +3.81% |
Volatility (6M)Calculated over the trailing 6-month period | 9.34% | 0.23% | +9.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.13% | 0.67% | +13.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.41% | 0.60% | +15.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.90% | 0.60% | +18.30% |
PEY vs. BENJ - Expense Ratio Comparison
PEY has a 0.54% expense ratio, which is higher than BENJ's 0.40% expense ratio.
Dividends
PEY vs. BENJ - Dividend Comparison
PEY's dividend yield for the trailing twelve months is around 4.46%, while BENJ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BENJ Horizon Landmark ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 4.46% | 4.85% | 4.44% | 4.58% | 4.22% | 3.83% | 4.30% | 3.78% | 4.33% | 3.21% | 3.12% | 3.44% |
Frequently Asked Questions
PEY and BENJ have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PEY has higher volatility (3.88%) compared to BENJ (0.07%). In terms of maximum drawdown, PEY dropped -72.81% vs BENJ's -0.39%.
On 1-year performance, PEY leads with 18.17% vs 3.78% for BENJ. On fees, BENJ is cheaper at 0.40% per year. On volatility, BENJ has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PEY has performed better with a 18.17% return vs 3.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BENJ is cheaper with a 0.40% expense ratio, compared with 0.54% for PEY.
PEY has the higher dividend yield at 4.46%, compared with 0.00% for BENJ.
PEY is categorized as Mid Cap Value Equities, while BENJ is Ultrashort Bond. They also come from different issuers: Invesco and Horizon. Their fees differ too: 0.54% for PEY and 0.40% for BENJ.
BENJ currently has the higher Sharpe Ratio (5.65 vs 1.30), 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.
Find the right allocation for PEY and BENJ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer