PEY vs. VOO
Compare and contrast key facts about Invesco High Yield Equity Dividend Achievers™ ETF (PEY) and Vanguard S&P 500 ETF (VOO).
PEY and VOO 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 Dividend Achiever 50 Index. It was launched on Dec 9, 2004. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both PEY and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PEY or VOO.
Performance
PEY vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, PEY achieves a 8.77% return, which is significantly lower than VOO's 24.51% return. Over the past 10 years, PEY has underperformed VOO with an annualized return of 9.74%, while VOO has yielded a comparatively higher 13.12% annualized return.
PEY
8.77%
-0.20%
10.23%
19.28%
8.67%
9.74%
VOO
24.51%
0.61%
11.38%
32.00%
15.30%
13.12%
Key characteristics
| PEY | VOO | |
|---|---|---|
| Sharpe Ratio | 1.33 | 2.64 |
| Sortino Ratio | 1.99 | 3.53 |
| Omega Ratio | 1.24 | 1.49 |
| Calmar Ratio | 2.31 | 3.81 |
| Martin Ratio | 4.82 | 17.34 |
| Ulcer Index | 4.15% | 1.86% |
| Daily Std Dev | 15.01% | 12.20% |
| Max Drawdown | -72.82% | -33.99% |
| Current Drawdown | -0.87% | -2.16% |
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PEY vs. VOO - Expense Ratio Comparison
PEY has a 0.53% expense ratio, which is higher than VOO's 0.03% expense ratio.
Correlation
The correlation between PEY and VOO is 0.74, 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.
Risk-Adjusted Performance
PEY vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco High Yield Equity Dividend Achievers™ ETF (PEY) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
PEY vs. VOO - Dividend Comparison
PEY's dividend yield for the trailing twelve months is around 4.59%, more than VOO's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 4.59% | 4.58% | 4.21% | 3.82% | 4.30% | 3.79% | 4.34% | 3.22% | 3.12% | 3.44% | 3.24% | 3.27% |
VOO Vanguard S&P 500 ETF | 1.26% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
PEY vs. VOO - Drawdown Comparison
The maximum PEY drawdown since its inception was -72.82%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PEY and VOO. For additional features, visit the drawdowns tool.
Volatility
PEY vs. VOO - Volatility Comparison
Invesco High Yield Equity Dividend Achievers™ ETF (PEY) has a higher volatility of 4.81% compared to Vanguard S&P 500 ETF (VOO) at 4.07%. This indicates that PEY's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.