PEY vs. HDV
Compare and contrast key facts about Invesco High Yield Equity Dividend Achievers™ ETF (PEY) and iShares Core High Dividend ETF (HDV).
PEY and HDV 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. HDV is a passively managed fund by iShares that tracks the performance of the Morningstar Dividend Yield Focus Index. It was launched on Mar 29, 2011. Both PEY and HDV 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 HDV.
Performance
PEY vs. HDV - Performance Comparison
Returns By Period
In the year-to-date period, PEY achieves a 8.74% return, which is significantly lower than HDV's 18.89% return. Over the past 10 years, PEY has outperformed HDV with an annualized return of 9.74%, while HDV has yielded a comparatively lower 8.16% annualized return.
PEY
8.74%
-0.24%
10.41%
19.48%
8.66%
9.74%
HDV
18.89%
-1.08%
8.19%
24.95%
8.43%
8.16%
Key characteristics
| PEY | HDV | |
|---|---|---|
| Sharpe Ratio | 1.28 | 2.60 |
| Sortino Ratio | 1.91 | 3.83 |
| Omega Ratio | 1.23 | 1.47 |
| Calmar Ratio | 2.22 | 4.40 |
| Martin Ratio | 4.64 | 19.31 |
| Ulcer Index | 4.15% | 1.31% |
| Daily Std Dev | 15.03% | 9.70% |
| Max Drawdown | -72.81% | -37.04% |
| Current Drawdown | -0.91% | -1.37% |
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PEY vs. HDV - Expense Ratio Comparison
PEY has a 0.53% expense ratio, which is higher than HDV's 0.08% expense ratio.
Correlation
The correlation between PEY and HDV is 0.84, 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. HDV - 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 Core High Dividend ETF (HDV). 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. HDV - Dividend Comparison
PEY's dividend yield for the trailing twelve months is around 4.46%, more than HDV's 3.36% 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% |
HDV iShares Core High Dividend ETF | 3.36% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% | 3.20% | 3.17% |
Drawdowns
PEY vs. HDV - Drawdown Comparison
The maximum PEY drawdown since its inception was -72.81%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for PEY and HDV. For additional features, visit the drawdowns tool.
Volatility
PEY vs. HDV - Volatility Comparison
Invesco High Yield Equity Dividend Achievers™ ETF (PEY) has a higher volatility of 4.75% compared to iShares Core High Dividend ETF (HDV) at 2.69%. This indicates that PEY's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.