PEY vs. VYM
Compare and contrast key facts about Invesco High Yield Equity Dividend Achievers™ ETF (PEY) and Vanguard High Dividend Yield ETF (VYM).
PEY and VYM 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. VYM is a passively managed fund by Vanguard that tracks the performance of the FTSE High Dividend Yield Index. It was launched on Nov 10, 2006. Both PEY and VYM 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 VYM.
Correlation
The correlation between PEY and VYM is 0.88, 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.
Performance
PEY vs. VYM - Performance Comparison
Key characteristics
PEY:
0.92
VYM:
2.11
PEY:
1.39
VYM:
2.94
PEY:
1.17
VYM:
1.38
PEY:
1.43
VYM:
3.88
PEY:
3.85
VYM:
11.19
PEY:
3.49%
VYM:
2.07%
PEY:
14.55%
VYM:
11.00%
PEY:
-72.81%
VYM:
-56.98%
PEY:
-5.31%
VYM:
-1.51%
Returns By Period
In the year-to-date period, PEY achieves a 2.40% return, which is significantly lower than VYM's 3.21% return. Over the past 10 years, PEY has underperformed VYM with an annualized return of 9.37%, while VYM has yielded a comparatively higher 10.24% annualized return.
PEY
2.40%
3.38%
6.34%
13.81%
7.21%
9.37%
VYM
3.21%
4.35%
9.11%
22.75%
10.23%
10.24%
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PEY vs. VYM - Expense Ratio Comparison
PEY has a 0.53% expense ratio, which is higher than VYM's 0.06% expense ratio.
Risk-Adjusted Performance
PEY vs. VYM — Risk-Adjusted Performance Rank
PEY
VYM
PEY vs. VYM - 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 High Dividend Yield ETF (VYM). 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. VYM - Dividend Comparison
PEY's dividend yield for the trailing twelve months is around 4.34%, more than VYM's 2.65% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 4.34% | 4.44% | 4.58% | 4.21% | 3.82% | 4.30% | 3.79% | 4.34% | 3.22% | 3.12% | 3.44% | 3.24% |
VYM Vanguard High Dividend Yield ETF | 2.65% | 2.74% | 3.12% | 3.01% | 2.76% | 3.18% | 3.03% | 3.40% | 2.80% | 2.91% | 3.22% | 2.78% |
Drawdowns
PEY vs. VYM - Drawdown Comparison
The maximum PEY drawdown since its inception was -72.81%, which is greater than VYM's maximum drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for PEY and VYM. For additional features, visit the drawdowns tool.
Volatility
PEY vs. VYM - Volatility Comparison
Invesco High Yield Equity Dividend Achievers™ ETF (PEY) and Vanguard High Dividend Yield ETF (VYM) have volatilities of 4.61% and 4.52%, 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.