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.
Key characteristics
| PEY | VYM | |
|---|---|---|
| YTD Return | -3.42% | 5.51% |
| 1Y Return | 10.73% | 17.47% |
| 3Y Return (Ann) | 2.95% | 6.93% |
| 5Y Return (Ann) | 6.65% | 9.34% |
| 10Y Return (Ann) | 9.42% | 9.66% |
| Sharpe Ratio | 0.54 | 1.53 |
| Daily Std Dev | 17.24% | 10.66% |
| Max Drawdown | -72.82% | -56.98% |
| Current Drawdown | -4.55% | -3.19% |
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
In the year-to-date period, PEY achieves a -3.42% return, which is significantly lower than VYM's 5.51% return. Both investments have delivered pretty close results over the past 10 years, with PEY having a 9.42% annualized return and VYM not far ahead at 9.66%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 4.99%, more than VYM's 2.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 4.99% | 4.58% | 4.22% | 3.83% | 4.30% | 3.78% | 4.33% | 3.21% | 3.12% | 3.44% | 3.24% | 3.28% |
VYM Vanguard High Dividend Yield ETF | 2.92% | 3.12% | 3.01% | 2.76% | 3.18% | 3.03% | 3.40% | 2.80% | 2.91% | 3.22% | 2.78% | 2.81% |
Drawdowns
PEY vs. VYM - Drawdown Comparison
The maximum PEY drawdown since its inception was -72.82%, 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) has a higher volatility of 4.64% compared to Vanguard High Dividend Yield ETF (VYM) at 3.15%. This indicates that PEY's price experiences larger fluctuations and is considered to be riskier than VYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.