PEY vs. DVY
Compare and contrast key facts about Invesco High Yield Equity Dividend Achievers™ ETF (PEY) and iShares Select Dividend ETF (DVY).
PEY and DVY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. DVY is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Dividend Index. It was launched on Nov 3, 2003. Both PEY and DVY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PEY or DVY.
Performance
PEY vs. DVY - Performance Comparison
Returns By Period
In the year-to-date period, PEY achieves a 8.74% return, which is significantly lower than DVY's 21.49% return. Both investments have delivered pretty close results over the past 10 years, with PEY having a 9.74% annualized return and DVY not far behind at 9.60%.
PEY
8.74%
-0.24%
10.41%
19.48%
8.66%
9.74%
DVY
21.49%
1.23%
12.55%
30.49%
10.18%
9.60%
Key characteristics
| PEY | DVY | |
|---|---|---|
| Sharpe Ratio | 1.28 | 2.43 |
| Sortino Ratio | 1.91 | 3.36 |
| Omega Ratio | 1.23 | 1.43 |
| Calmar Ratio | 2.22 | 2.51 |
| Martin Ratio | 4.64 | 14.48 |
| Ulcer Index | 4.15% | 2.10% |
| Daily Std Dev | 15.03% | 12.51% |
| Max Drawdown | -72.81% | -62.59% |
| Current Drawdown | -0.91% | -0.43% |
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PEY vs. DVY - Expense Ratio Comparison
PEY has a 0.53% expense ratio, which is higher than DVY's 0.39% expense ratio.
Correlation
The correlation between PEY and DVY is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
PEY vs. DVY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco High Yield Equity Dividend Achievers™ ETF (PEY) and iShares Select Dividend ETF (DVY). 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
PEY vs. DVY - Dividend Comparison
PEY's dividend yield for the trailing twelve months is around 4.46%, more than DVY's 3.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 4.46% | 4.58% | 4.21% | 3.82% | 4.30% | 3.79% | 4.34% | 3.22% | 3.12% | 3.44% | 3.24% | 3.27% |
DVY iShares Select Dividend ETF | 3.37% | 3.82% | 3.43% | 3.12% | 3.66% | 3.41% | 3.58% | 3.00% | 3.04% | 3.45% | 3.03% | 3.06% |
Drawdowns
PEY vs. DVY - Drawdown Comparison
The maximum PEY drawdown since its inception was -72.81%, which is greater than DVY's maximum drawdown of -62.59%. Use the drawdown chart below to compare losses from any high point for PEY and DVY. For additional features, visit the drawdowns tool.
Volatility
PEY vs. DVY - Volatility Comparison
Invesco High Yield Equity Dividend Achievers™ ETF (PEY) has a higher volatility of 4.75% compared to iShares Select Dividend ETF (DVY) at 3.98%. This indicates that PEY's price experiences larger fluctuations and is considered to be riskier than DVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.