PEY vs. QQQ
Compare and contrast key facts about Invesco High Yield Equity Dividend Achievers™ ETF (PEY) and Invesco QQQ ETF (QQQ).
PEY and QQQ 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 NASDAQ US Dividend Achievers 50 Index. It was launched on Dec 9, 2004. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both PEY and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
PEY vs. QQQ - Performance Comparison
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PEY vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 6.22% | 0.56% | 5.25% | 7.29% | 2.45% | 26.15% | -3.85% | 24.76% | -7.49% | 8.78% |
QQQ Invesco QQQ ETF | -4.76% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
In the year-to-date period, PEY achieves a 6.22% return, which is significantly higher than QQQ's -4.76% return. Over the past 10 years, PEY has underperformed QQQ with an annualized return of 8.66%, while QQQ has yielded a comparatively higher 18.99% annualized return.
PEY
- 1D
- 0.84%
- 1M
- -1.27%
- YTD
- 6.22%
- 6M
- 4.11%
- 1Y
- 4.68%
- 3Y*
- 7.44%
- 5Y*
- 5.66%
- 10Y*
- 8.66%
QQQ
- 1D
- 1.24%
- 1M
- -3.79%
- YTD
- -4.76%
- 6M
- -2.89%
- 1Y
- 24.21%
- 3Y*
- 22.83%
- 5Y*
- 13.16%
- 10Y*
- 18.99%
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PEY vs. QQQ - Expense Ratio Comparison
PEY has a 0.54% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
PEY vs. QQQ — Risk / Return Rank
PEY
QQQ
PEY vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco High Yield Equity Dividend Achievers™ ETF (PEY) and Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.26 | 1.07 | -0.81 |
Sortino ratioReturn per unit of downside risk | 0.50 | 1.66 | -1.16 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.24 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 0.42 | 2.00 | -1.58 |
Martin ratioReturn relative to average drawdown | 1.25 | 7.32 | -6.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PEY | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 1.07 | -0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.59 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.86 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.38 | -0.10 |
Correlation
The correlation between PEY and QQQ is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PEY vs. QQQ - Dividend Comparison
PEY's dividend yield for the trailing twelve months is around 4.66%, more than QQQ's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 4.66% | 4.85% | 4.44% | 4.58% | 4.22% | 3.83% | 4.30% | 3.78% | 4.33% | 3.21% | 3.12% | 3.44% |
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
PEY vs. QQQ - Drawdown Comparison
The maximum PEY drawdown since its inception was -72.81%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for PEY and QQQ.
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Drawdown Indicators
| PEY | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.81% | -82.97% | +10.16% |
Max Drawdown (1Y)Largest decline over 1 year | -13.28% | -12.62% | -0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -17.90% | -35.12% | +17.22% |
Max Drawdown (10Y)Largest decline over 10 years | -41.55% | -35.12% | -6.43% |
Current DrawdownCurrent decline from peak | -3.40% | -7.86% | +4.46% |
Average DrawdownAverage peak-to-trough decline | -12.97% | -32.99% | +20.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 3.44% | +1.00% |
Volatility
PEY vs. QQQ - Volatility Comparison
The current volatility for Invesco High Yield Equity Dividend Achievers™ ETF (PEY) is 3.26%, while Invesco QQQ ETF (QQQ) has a volatility of 6.61%. This indicates that PEY experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PEY | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 6.61% | -3.35% |
Volatility (6M)Calculated over the trailing 6-month period | 9.87% | 12.82% | -2.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.86% | 22.70% | -4.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.38% | 22.38% | -6.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.90% | 22.25% | -3.35% |