PEY vs. VOE
Compare and contrast key facts about Invesco High Yield Equity Dividend Achievers™ ETF (PEY) and Vanguard Mid-Cap Value ETF (VOE).
PEY and VOE 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. VOE is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Value Index. It was launched on Aug 17, 2006. Both PEY and VOE 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. VOE - Performance Comparison
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PEY vs. VOE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 5.88% | 0.56% | 5.25% | 7.29% | 2.45% | 26.15% | -3.85% | 24.76% | -7.49% | 8.78% |
VOE Vanguard Mid-Cap Value ETF | 4.67% | 12.08% | 14.00% | 9.85% | -7.97% | 28.78% | 2.65% | 27.85% | -12.48% | 17.07% |
Returns By Period
In the year-to-date period, PEY achieves a 5.88% return, which is significantly higher than VOE's 4.67% return. Over the past 10 years, PEY has underperformed VOE with an annualized return of 8.63%, while VOE has yielded a comparatively higher 10.23% annualized return.
PEY
- 1D
- -0.32%
- 1M
- -0.81%
- YTD
- 5.88%
- 6M
- 3.22%
- 1Y
- 4.59%
- 3Y*
- 7.32%
- 5Y*
- 5.59%
- 10Y*
- 8.63%
VOE
- 1D
- 0.20%
- 1M
- -4.46%
- YTD
- 4.67%
- 6M
- 7.17%
- 1Y
- 17.39%
- 3Y*
- 13.81%
- 5Y*
- 8.66%
- 10Y*
- 10.23%
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PEY vs. VOE - Expense Ratio Comparison
PEY has a 0.54% expense ratio, which is higher than VOE's 0.07% expense ratio.
Return for Risk
PEY vs. VOE — Risk / Return Rank
PEY
VOE
PEY vs. VOE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco High Yield Equity Dividend Achievers™ ETF (PEY) and Vanguard Mid-Cap Value ETF (VOE). 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 | VOE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.26 | 1.06 | -0.80 |
Sortino ratioReturn per unit of downside risk | 0.49 | 1.55 | -1.05 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.22 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.33 | 1.41 | -1.08 |
Martin ratioReturn relative to average drawdown | 0.98 | 6.51 | -5.53 |
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 | VOE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 1.06 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.54 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.54 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.43 | -0.16 |
Correlation
The correlation between PEY and VOE is 0.87, 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. VOE - Dividend Comparison
PEY's dividend yield for the trailing twelve months is around 4.68%, more than VOE's 1.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 4.68% | 4.85% | 4.44% | 4.58% | 4.22% | 3.83% | 4.30% | 3.78% | 4.33% | 3.21% | 3.12% | 3.44% |
VOE Vanguard Mid-Cap Value ETF | 1.99% | 2.10% | 2.11% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% |
Drawdowns
PEY vs. VOE - Drawdown Comparison
The maximum PEY drawdown since its inception was -72.81%, which is greater than VOE's maximum drawdown of -61.50%. Use the drawdown chart below to compare losses from any high point for PEY and VOE.
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Drawdown Indicators
| PEY | VOE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.81% | -61.50% | -11.31% |
Max Drawdown (1Y)Largest decline over 1 year | -13.28% | -12.42% | -0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -17.90% | -19.70% | +1.80% |
Max Drawdown (10Y)Largest decline over 10 years | -41.55% | -43.18% | +1.63% |
Current DrawdownCurrent decline from peak | -3.71% | -4.54% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -12.97% | -8.41% | -4.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.45% | 2.68% | +1.77% |
Volatility
PEY vs. VOE - Volatility Comparison
The current volatility for Invesco High Yield Equity Dividend Achievers™ ETF (PEY) is 3.24%, while Vanguard Mid-Cap Value ETF (VOE) has a volatility of 4.01%. This indicates that PEY experiences smaller price fluctuations and is considered to be less risky than VOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PEY | VOE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.24% | 4.01% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 9.86% | 8.77% | +1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.84% | 16.46% | +1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.38% | 16.11% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.90% | 18.84% | +0.06% |