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PEY vs. RDVY
Performance
Return for Risk
Dividends
Drawdowns
Volatility

PEY vs. RDVY

Last updated Apr 3, 2026

Compare and contrast key facts about Invesco High Yield Equity Dividend Achievers™ ETF (PEY) and First Trust Rising Dividend Achievers ETF (RDVY).

PEY and RDVY 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. RDVY is a passively managed fund by First Trust that tracks the performance of the NASDAQ US Rising Dividend Achievers. It was launched on Jan 6, 2014. Both PEY and RDVY 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. 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.

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PEY vs. RDVY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PEY
Invesco High Yield Equity Dividend Achievers™ ETF		6.96%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		-0.57%18.90%16.41%20.38%-13.27%31.14%13.47%37.71%-9.92%22.75%

Returns By Period

In the year-to-date period, PEY achieves a 6.96% return, which is significantly higher than RDVY's -0.57% return. Over the past 10 years, PEY has underperformed RDVY with an annualized return of 8.82%, while RDVY has yielded a comparatively higher 14.68% annualized return.

PEY

1D
1.02%
1M
0.70%
YTD
6.96%
6M
4.47%
1Y
5.07%
3Y*
7.72%
5Y*
5.81%
10Y*
8.82%

RDVY

1D
0.06%
1M
-2.90%
YTD
-0.57%
6M
2.48%
1Y
17.55%
3Y*
16.90%
5Y*
10.19%
10Y*
14.68%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco High Yield Equity Dividend Achievers™ ETF

First Trust Rising Dividend Achievers ETF

Often compared with PEY:
PEY vs. SPHDPEY vs. SCHDPEY vs. DVYPEY vs. JEPIPEY vs. COWZPEY vs. DIVOPEY vs. VYM
Often compared with RDVY:
RDVY vs. SCHDRDVY vs. DGRORDVY vs. SPYRDVY vs. DGRWRDVY vs. VOORDVY vs. DVYRDVY vs. QQQX

PEY vs. RDVY - Expense Ratio Comparison

PEY has a 0.54% expense ratio, which is higher than RDVY's 0.50% expense ratio.

PEY
Invesco High Yield Equity Dividend Achievers™ ETF
RDVY
First Trust Rising Dividend Achievers ETF

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: 1818
Overall Rank
PEY Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
PEY Sortino Ratio Rank: 1818
Sortino Ratio Rank
PEY Omega Ratio Rank: 1818
Omega Ratio Rank
PEY Calmar Ratio Rank: 1919
Calmar Ratio Rank
PEY Martin Ratio Rank: 1919
Martin Ratio Rank
RDVY
RDVY Risk / Return Rank: 4949
Overall Rank
RDVY Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
RDVY Sortino Ratio Rank: 4949
Sortino Ratio Rank
RDVY Omega Ratio Rank: 4848
Omega Ratio Rank
RDVY Calmar Ratio Rank: 4747
Calmar Ratio Rank
RDVY Martin Ratio Rank: 5454
Martin Ratio Rank
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.

PEYRDVYDifference

Sharpe ratio

Return per unit of total volatility

0.28

0.92

-0.64

Sortino ratio

Return per unit of downside risk

0.53

1.41

-0.88

Omega ratio

Gain probability vs. loss probability

1.07

1.20

-0.13

Calmar ratio

Return relative to maximum drawdown

0.43

1.43

-1.00

Martin ratio

Return relative to average drawdown

1.27

6.23

-4.96

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PEY vs. RDVY - Sharpe Ratio Comparison

The current PEY Sharpe Ratio is 0.28, which is lower than the RDVY Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of PEY and RDVY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

PEYRDVYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.28

0.92

-0.64

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.36

0.54

-0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.47

0.70

-0.23

Sharpe Ratio (All Time)

Calculated using the full available price history

0.27

0.62

-0.35

Correlation

The correlation between PEY and RDVY is 0.77, 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.

Dividends

PEY vs. RDVY - Dividend Comparison

PEY's dividend yield for the trailing twelve months is around 4.63%, more than RDVY's 1.02% yield.

TTM20252024202320222021202020192018201720162015
PEY
Invesco High Yield Equity Dividend Achievers™ ETF		4.63%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		1.02%1.11%1.64%2.09%2.21%1.04%1.53%1.55%1.68%1.25%2.07%2.14%

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.

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Drawdown Indicators

PEYRDVYDifference

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 (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

-2.73%

-5.65%

+2.92%

Average Drawdown

Average peak-to-trough decline

-12.97%

-5.06%

-7.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.45%

2.96%

+1.49%

Volatility

PEY vs. RDVY - Volatility Comparison

The current volatility for Invesco High Yield Equity Dividend Achievers™ ETF (PEY) is 3.38%, while First Trust Rising Dividend Achievers ETF (RDVY) has a volatility of 5.50%. This indicates that PEY experiences smaller price fluctuations and is considered to be less risky than RDVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PEYRDVYDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.38%

5.50%

-2.12%

Volatility (6M)

Calculated over the trailing 6-month period

9.90%

10.92%

-1.02%

Volatility (1Y)

Calculated over the trailing 1-year period

17.87%

19.08%

-1.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.38%

18.91%

-2.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.89%

21.10%

-2.21%