PEY vs. TPHD

Last updated Jun 4, 2026

PEY (Invesco High Yield Equity Dividend Achievers™ ETF) and TPHD (Timothy Plan High Dividend Stock ETF) are both Mid Cap Value Equities funds - PEY tracks the NASDAQ US Dividend Achievers 50 Index while TPHD tracks the Victory US Large Cap High Dividend Volatility Weighted BRI Index. Both are passively managed. Over the past 5 years, PEY returned 5.57%/yr vs 8.52%/yr for TPHD. Their correlation of 0.87 suggests significant overlap in exposure. PEY charges 0.54%/yr vs 0.52%/yr for TPHD.

Performance

PEY vs. TPHD - Performance Comparison

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

Returns By Period

In the year-to-date period, PEY achieves a 11.81% return, which is significantly higher than TPHD's 8.56% return.

PEY

• 1D: -1.52%
• 1M: 2.48%
• YTD: 11.81%
• 6M: 11.63%
• 1Y: 15.51%
• 3Y*: 10.93%
• 5Y*: 5.57%
• 10Y*: 8.50%

TPHD

• 1D: 0.03%
• 1M: -1.27%
• YTD: 8.56%
• 6M: 7.69%
• 1Y: 13.23%
• 3Y*: 13.21%
• 5Y*: 8.52%
• 10Y*: —

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

PEY vs. TPHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PEY Invesco High Yield Equity Dividend Achievers™ ETF	11.81%	0.56%	5.25%	7.29%	2.45%	26.15%	-3.85%	8.06%
TPHD Timothy Plan High Dividend Stock ETF	8.56%	8.28%	12.14%	8.86%	-1.91%	27.98%	-1.30%	10.35%

Correlation

The correlation between PEY and TPHD is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since May 2, 2019	0.87

The correlation between PEY and TPHD shifts across timeframes, from 0.77 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.

PEY vs. TPHD - Sectors Allocation Comparison

Sectors	PEY	TPHD
Financial Services	21.7%	12.6%
Consumer Defensive	16.9%	4.2%
Industrials	15.0%	18.3%
Utilities	12.0%	24.1%
Consumer Cyclical	7.5%	8.9%
Healthcare	6.8%	2.5%
Technology	6.5%	8.8%
Basic Materials	6.4%	5.3%
Communication Services	5.7%	0.0%
Energy	1.5%	15.4%
Real Estate	-	0.0%

Return for Risk

PEY vs. TPHD — Risk / Return Rank

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

PEY

PEY Risk / Return Rank: 31
PEY Sharpe Ratio Rank: 29
PEY Sortino Ratio Rank: 31
PEY Omega Ratio Rank: 28
PEY Calmar Ratio Rank: 35
PEY Martin Ratio Rank: 32

TPHD

TPHD Risk / Return Rank: 38
TPHD Sharpe Ratio Rank: 35
TPHD Sortino Ratio Rank: 36
TPHD Omega Ratio Rank: 33
TPHD Calmar Ratio Rank: 44
TPHD Martin Ratio Rank: 39

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. TPHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco High Yield Equity Dividend Achievers™ ETF (PEY) and Timothy Plan High Dividend Stock ETF (TPHD). 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	TPHD	Difference
Sharpe ratio: Return per unit of total volatility	1.11	1.27	-0.17
Sortino ratio: Return per unit of downside risk	1.72	1.92	-0.19
Omega ratio: Gain probability vs. loss probability	1.19	1.22	-0.03
Calmar ratio: Return relative to maximum drawdown	1.75	2.19	-0.43
Martin ratio: Return relative to average drawdown	4.90	6.20	-1.30
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. TPHD - Sharpe Ratio Comparison

The current PEY Sharpe Ratio is 1.11, which is comparable to the TPHD Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of PEY and TPHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PEY	TPHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.11	1.27	-0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	0.59	-0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.51	-0.23

Drawdowns

PEY vs. TPHD - Drawdown Comparison

The maximum PEY drawdown since its inception was -72.81%, which is greater than TPHD's maximum drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for PEY and TPHD.

Drawdown Indicators

	PEY	TPHD	Difference
Max Drawdown Largest peak-to-trough decline	-72.81%	-41.71%	-31.10%
Max Drawdown (1Y) Largest decline over 1 year	-8.88%	-6.08%	-2.80%
Max Drawdown (3Y) Largest decline over 3 years	-17.90%	-15.89%	-2.01%
Max Drawdown (5Y) Largest decline over 5 years	-17.90%	-16.54%	-1.36%
Max Drawdown (10Y) Largest decline over 10 years	-41.55%	—	—
Current Drawdown Current decline from peak	-1.64%	-3.25%	+1.61%
Average Drawdown Average peak-to-trough decline	-12.88%	-4.73%	-8.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	2.14%	+1.03%

Volatility

PEY vs. TPHD - Volatility Comparison

Invesco High Yield Equity Dividend Achievers™ ETF (PEY) has a higher volatility of 3.82% compared to Timothy Plan High Dividend Stock ETF (TPHD) at 2.60%. This indicates that PEY's price experiences larger fluctuations and is considered to be riskier than TPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PEY	TPHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.82%	2.60%	+1.22%
Volatility (6M) Calculated over the trailing 6-month period	9.30%	7.35%	+1.95%
Volatility (1Y) Calculated over the trailing 1-year period	14.09%	10.48%	+3.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.40%	14.60%	+1.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.90%	19.63%	-0.73%

PEY vs. TPHD - Expense Ratio Comparison

PEY has a 0.54% expense ratio, which is higher than TPHD's 0.52% expense ratio.

Dividends

PEY vs. TPHD - Dividend Comparison

PEY's dividend yield for the trailing twelve months is around 4.52%, more than TPHD's 2.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PEY Invesco High Yield Equity Dividend Achievers™ ETF	4.52%	4.85%	4.44%	4.58%	4.22%	3.83%	4.30%	3.78%	4.33%	3.21%	3.12%	3.44%
TPHD Timothy Plan High Dividend Stock ETF	2.00%	2.10%	2.09%	2.19%	2.38%	1.86%	2.38%	1.61%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PEY and TPHD in my portfolio?

PEY and TPHD have a correlation of 0.77, 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 TPHD?

PEY has higher volatility (3.82%) compared to TPHD (2.60%). In terms of maximum drawdown, PEY dropped -72.81% vs TPHD's -41.71%.

Which ETF is better, PEY or TPHD?

On 5-year performance, TPHD leads with 8.52% vs 5.57% for PEY. On fees, TPHD is cheaper at 0.52% per year. On volatility, TPHD has been the lower-risk option at 2.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PEY or TPHD?

Over the 5-year period, TPHD has performed better with a 8.52% return vs 5.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PEY or TPHD?

TPHD is cheaper with a 0.52% expense ratio, compared with 0.54% for PEY.

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

PEY has the higher dividend yield at 4.52%, compared with 2.00% for TPHD.

What is the main difference between PEY and TPHD?

PEY tracks NASDAQ US Dividend Achievers 50 Index, while TPHD tracks Victory US Large Cap High Dividend Volatility Weighted BRI Index. They also come from different issuers: Invesco and Timothy Plan. Their fees differ too: 0.54% for PEY and 0.52% for TPHD.

Which has better risk-adjusted returns?

TPHD currently has the higher Sharpe Ratio (1.27 vs 1.11), 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.