PEY vs. RDVY

Last updated Jul 14, 2026

PEY (Invesco High Yield Equity Dividend Achievers™ ETF) and RDVY (First Trust Rising Dividend Achievers ETF) are both exchange-traded funds - PEY is a Mid Cap Value Equities fund tracking the NASDAQ US Dividend Achievers 50 Index, while RDVY is a Dividend fund tracking the Nasdaq US Rising Dividend Achievers Index. Both are passively managed. Over the past 10 years, PEY returned 8.62%/yr vs 16.02%/yr for RDVY. A 0.75 correlation means they provide meaningful diversification when combined. PEY charges 0.54%/yr vs 0.47%/yr for RDVY.

Performance

PEY vs. RDVY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco High Yield Equity Dividend Achievers™ ETF (PEY) and First Trust Rising Dividend Achievers ETF (RDVY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PEY achieves a 19.77% return, which is significantly higher than RDVY's 15.31% return. Over the past 10 years, PEY has underperformed RDVY with an annualized return of 8.62%, while RDVY has yielded a comparatively higher 16.02% annualized return.

PEY

• 1D: 0.64%
• 1M: 2.39%
• 6M: 15.42%
• YTD: 19.77%
• 1Y: 17.53%
• 3Y*: 12.29%
• 5Y*: 8.01%
• 10Y*: 8.62%

RDVY

• 1D: -0.68%
• 1M: 1.68%
• 6M: 10.39%
• YTD: 15.31%
• 1Y: 27.24%
• 3Y*: 20.28%
• 5Y*: 12.54%
• 10Y*: 16.02%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PEY vs. RDVY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PEY Invesco High Yield Equity Dividend Achievers™ ETF	19.77%	0.56%	5.25%	7.29%	2.45%	26.15%	-3.85%	24.76%	-7.49%	8.78%
RDVY First Trust Rising Dividend Achievers ETF	15.31%	18.90%	16.41%	20.38%	-13.27%	31.14%	13.47%	37.71%	-9.92%	22.75%

Correlation

The correlation between PEY and RDVY is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jan 7, 2014	0.75

Over the past year, the correlation between PEY and RDVY has dropped to 0.48 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.

PEY vs. RDVY - Sectors Allocation Comparison

Sectors	PEY	RDVY
Financial Services	22.3%	33.5%
Industrials	17.6%	13.6%
Consumer Defensive	16.2%	3.4%
Utilities	11.6%	1.4%
Consumer Cyclical	8.3%	10.9%
Healthcare	6.1%	3.9%
Communication Services	5.6%	5.5%
Basic Materials	5.4%	-
Technology	5.1%	26.9%
Energy	1.3%	2.4%
Real Estate	-	-

Return for Risk

PEY vs. RDVY — Risk / Return Rank

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

PEY

PEY Risk / Return Rank: 45
PEY Sharpe Ratio Rank: 44
PEY Sortino Ratio Rank: 47
PEY Omega Ratio Rank: 40
PEY Calmar Ratio Rank: 50
PEY Martin Ratio Rank: 43

RDVY

RDVY Risk / Return Rank: 75
RDVY Sharpe Ratio Rank: 74
RDVY Sortino Ratio Rank: 76
RDVY Omega Ratio Rank: 69
RDVY Calmar Ratio Rank: 74
RDVY Martin Ratio Rank: 82

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.

PEY vs. RDVY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco High Yield Equity Dividend Achievers™ ETF (PEY) and First Trust Rising Dividend Achievers ETF (RDVY). 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.

	PEY	RDVY	Difference
Sharpe ratio: Return per unit of total volatility	1.25	1.87	-0.61
Sortino ratio: Return per unit of downside risk	1.92	2.69	-0.77
Omega ratio: Gain probability vs. loss probability	1.21	1.32	-0.11
Calmar ratio: Return relative to maximum drawdown	1.98	3.03	-1.05
Martin ratio: Return relative to average drawdown	5.55	12.68	-7.13

PEY vs. RDVY - Sharpe Ratio Comparison

The current PEY Sharpe Ratio is 1.25, which is lower than the RDVY Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of PEY and RDVY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PEY vs. RDVY - Drawdown Comparison

The maximum PEY drawdown since its inception was -72.81%, which is greater than RDVY's maximum drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for PEY and RDVY.

Drawdown Indicators

	PEY	RDVY	Difference
Max Drawdown Largest peak-to-trough decline	-72.81%	-40.60%	-32.21%
Max Drawdown (1Y) Largest decline over 1 year	-8.88%	-9.04%	+0.16%
Max Drawdown (3Y) Largest decline over 3 years	-17.90%	-19.11%	+1.21%
Max Drawdown (5Y) Largest decline over 5 years	-17.90%	-25.32%	+7.42%
Max Drawdown (10Y) Largest decline over 10 years	-41.55%	-40.60%	-0.95%
Current Drawdown Current decline from peak	0.00%	-1.62%	+1.62%
Average Drawdown Average peak-to-trough decline	-12.82%	-4.97%	-7.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	2.15%	+1.02%

Volatility

PEY vs. RDVY - Volatility Comparison

Invesco High Yield Equity Dividend Achievers™ ETF (PEY) and First Trust Rising Dividend Achievers ETF (RDVY) have volatilities of 4.61% and 4.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PEY	RDVY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.61%	4.81%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	9.65%	11.59%	-1.94%
Volatility (1Y) Calculated over the trailing 1-year period	14.06%	14.67%	-0.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.38%	18.96%	-2.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.87%	21.03%	-2.16%

PEY vs. RDVY - Expense Ratio Comparison

PEY has a 0.54% expense ratio, which is higher than RDVY's 0.47% expense ratio.

Dividends

PEY vs. RDVY - Dividend Comparison

PEY's dividend yield for the trailing twelve months is around 4.27%, more than RDVY's 0.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PEY Invesco High Yield Equity Dividend Achievers™ ETF	4.27%	4.85%	4.44%	4.58%	4.22%	3.83%	4.30%	3.78%	4.33%	3.21%	3.12%	3.44%
RDVY First Trust Rising Dividend Achievers ETF	0.85%	1.11%	1.64%	2.09%	2.21%	1.04%	1.53%	1.55%	1.68%	1.25%	2.07%	2.14%

Frequently Asked Questions

Can I hold both PEY and RDVY in my portfolio?

PEY and RDVY have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PEY or RDVY?

RDVY has higher volatility (4.81%) compared to PEY (4.61%). In terms of maximum drawdown, PEY dropped -72.81% vs RDVY's -40.60%.

Which ETF is better, PEY or RDVY?

On 10-year performance, RDVY leads with 16.02% vs 8.62% for PEY. On fees, RDVY is cheaper at 0.47% per year. On volatility, PEY has been the lower-risk option at 4.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PEY or RDVY?

Over the 10-year period, RDVY has performed better with a 16.02% return vs 8.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PEY or RDVY?

RDVY is cheaper with a 0.47% expense ratio, compared with 0.54% for PEY.

Which ETF pays a higher dividend yield, PEY or RDVY?

PEY has the higher dividend yield at 4.27%, compared with 0.85% for RDVY.

What is the main difference between PEY and RDVY?

PEY is categorized as Mid Cap Value Equities, while RDVY is Dividend. PEY tracks NASDAQ US Dividend Achievers 50 Index, while RDVY tracks Nasdaq US Rising Dividend Achievers Index. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.54% for PEY and 0.47% for RDVY.

Which has better risk-adjusted returns?

RDVY currently has the higher Sharpe Ratio (1.87 vs 1.25), 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.