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PEY vs. VYM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PEY vs. VYM

Last updated Jun 24, 2026

PEY (Invesco High Yield Equity Dividend Achievers™ ETF) and VYM (Vanguard High Dividend Yield ETF) are both exchange-traded funds - PEY is a Mid Cap Value Equities fund tracking the NASDAQ US Dividend Achievers 50 Index, while VYM is a Dividend fund tracking the FTSE High Dividend Yield Index. Both are passively managed. Over the past 10 years, PEY returned 8.73%/yr vs 11.98%/yr for VYM. Their correlation of 0.87 suggests significant overlap in exposure. PEY charges 0.54%/yr vs 0.04%/yr for VYM.

Performance

PEY vs. VYM - Performance Comparison

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

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Returns By Period

In the year-to-date period, PEY achieves a 14.10% return, which is significantly higher than VYM's 11.51% return. Over the past 10 years, PEY has underperformed VYM with an annualized return of 8.73%, while VYM has yielded a comparatively higher 11.98% annualized return.

PEY

1D
1.16%
1M
1.72%
YTD
14.10%
6M
13.85%
1Y
17.71%
3Y*
12.04%
5Y*
6.66%
10Y*
8.73%

VYM

1D
-0.16%
1M
0.26%
YTD
11.51%
6M
10.83%
1Y
24.08%
3Y*
18.41%
5Y*
11.88%
10Y*
11.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PEY vs. VYM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PEY
Invesco High Yield Equity Dividend Achievers™ ETF		14.10%0.56%5.25%7.29%2.45%26.15%-3.85%24.76%-7.49%8.78%
VYM
Vanguard High Dividend Yield ETF		11.51%15.42%17.60%6.57%-0.43%26.20%1.15%24.06%-5.92%16.42%

Correlation

The correlation between PEY and VYM is 0.68, 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

0.68

Correlation (3Y)
Calculated over the trailing 3-year period

0.78

Correlation (5Y)
Calculated over the trailing 5-year period

0.84

Correlation (10Y)
Calculated over the trailing 10-year period

0.86

Correlation (All Time)
Calculated using the full available price history since Nov 16, 2006

0.87

The correlation between PEY and VYM shifts across timeframes, from 0.68 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.

PEY vs. VYM - Sectors Allocation Comparison

Sectors
PEY
VYM

Financial Services

22.8%
19.9%

Industrials

17.6%
11.8%

Consumer Defensive

16.2%
8.0%

Utilities

11.6%
5.4%

Consumer Cyclical

8.3%
6.6%

Healthcare

6.1%
12.2%

Communication Services

5.6%
3.4%

Basic Materials

5.4%
3.4%

Technology

5.1%
20.3%

Energy

1.3%
9.1%

Real Estate

-

0.0%

Financial Services

PEY
22.8%
VYM
19.9%

Industrials

PEY
17.6%
VYM
11.8%

Consumer Defensive

PEY
16.2%
VYM
8.0%

Utilities

PEY
11.6%
VYM
5.4%

Consumer Cyclical

PEY
8.3%
VYM
6.6%

Healthcare

PEY
6.1%
VYM
12.2%

Communication Services

PEY
5.6%
VYM
3.4%

Basic Materials

PEY
5.4%
VYM
3.4%

Technology

PEY
5.1%
VYM
20.3%

Energy

PEY
1.3%
VYM
9.1%

Real Estate

PEY

-

VYM
0.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco High Yield Equity Dividend Achievers™ ETF

Vanguard High Dividend Yield ETF

Often compared with PEY:
PEY vs. SPHDPEY vs. SCHDPEY vs. DIVOPEY vs. DVYPEY vs. JEPIPEY vs. COWZPEY vs. HDV
Often compared with VYM:
VYM vs. SCHDVYM vs. VIGVYM vs. VYMIVYM vs. FDVVVYM vs. VOOVYM vs. VTIVYM vs. DGRO

Return for Risk

PEY vs. VYM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PEY
PEY Risk / Return Rank: 3737
Overall Rank
PEY Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
PEY Sortino Ratio Rank: 3939
Sortino Ratio Rank
PEY Omega Ratio Rank: 3333
Omega Ratio Rank
PEY Calmar Ratio Rank: 4242
Calmar Ratio Rank
PEY Martin Ratio Rank: 3737
Martin Ratio Rank
VYM
VYM Risk / Return Rank: 7575
Overall Rank
VYM Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
VYM Sortino Ratio Rank: 7979
Sortino Ratio Rank
VYM Omega Ratio Rank: 7575
Omega Ratio Rank
VYM Calmar Ratio Rank: 7373
Calmar Ratio Rank
VYM Martin Ratio Rank: 7474
Martin Ratio Rank
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. VYM - 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 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

PEYVYMDifference
Sharpe ratioReturn per unit of total volatility
1.26
2.33

-1.07

Sortino ratioReturn per unit of downside risk
1.94
3.33

-1.39

Omega ratioGain probability vs. loss probability

1.22

1.42

-0.21

Calmar ratioReturn relative to maximum drawdown

2.00

3.61

-1.61

Martin ratioReturn relative to average drawdown

5.59

13.43

-7.84

PEY vs. VYM - Sharpe Ratio Comparison

The current PEY Sharpe Ratio is 1.26, which is lower than the VYM Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of PEY and VYM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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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.

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Drawdown Indicators

PEYVYMDifference

Max Drawdown

Largest peak-to-trough decline

-72.81%

-56.98%

-15.83%

Max Drawdown (1Y)

Largest decline over 1 year

-8.88%

-6.69%

-2.19%

Max Drawdown (3Y)

Largest decline over 3 years

-17.90%

-14.46%

-3.44%

Max Drawdown (5Y)

Largest decline over 5 years

-17.90%

-15.84%

-2.06%

Max Drawdown (10Y)

Largest decline over 10 years

-41.55%

-35.21%

-6.34%

Current Drawdown

Current decline from peak

-2.46%

-1.28%

-1.18%

Average Drawdown

Average peak-to-trough decline

-12.85%

-7.18%

-5.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.17%

1.80%

+1.37%

Volatility

PEY vs. VYM - Volatility Comparison

Invesco High Yield Equity Dividend Achievers™ ETF (PEY) has a higher volatility of 4.05% compared to Vanguard High Dividend Yield ETF (VYM) at 3.02%. 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.

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Volatility by Period

PEYVYMDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.05%

3.02%

+1.03%

Volatility (6M)

Calculated over the trailing 6-month period

9.55%

7.64%

+1.91%

Volatility (1Y)

Calculated over the trailing 1-year period

14.17%

10.39%

+3.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.36%

13.93%

+2.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.88%

16.32%

+2.56%

PEY vs. VYM - Expense Ratio Comparison

PEY has a 0.54% expense ratio, which is higher than VYM's 0.04% expense ratio.

Dividends

PEY vs. VYM - Dividend Comparison

PEY's dividend yield for the trailing twelve months is around 4.49%, more than VYM's 2.30% yield.

PositionTTM20252024202320222021202020192018201720162015
PEY
Invesco High Yield Equity Dividend Achievers™ ETF		4.49%4.85%4.44%4.58%4.22%3.83%4.30%3.78%4.33%3.21%3.12%3.44%
VYM
Vanguard High Dividend Yield ETF		2.30%2.44%2.74%3.12%3.01%2.76%3.18%3.03%3.40%2.80%2.91%3.22%

Frequently Asked Questions

PEY and VYM have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PEY has higher volatility (4.05%) compared to VYM (3.02%). In terms of maximum drawdown, PEY dropped -72.81% vs VYM's -56.98%.

On 10-year performance, VYM leads with 11.98% vs 8.73% for PEY. On fees, VYM is cheaper at 0.04% per year. On volatility, VYM has been the lower-risk option at 3.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VYM has performed better with a 11.98% return vs 8.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VYM is cheaper with a 0.04% expense ratio, compared with 0.54% for PEY.

PEY has the higher dividend yield at 4.49%, compared with 2.30% for VYM.

PEY is categorized as Mid Cap Value Equities, while VYM is Dividend. PEY tracks NASDAQ US Dividend Achievers 50 Index, while VYM tracks FTSE High Dividend Yield Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.54% for PEY and 0.04% for VYM.

VYM currently has the higher Sharpe Ratio (2.33 vs 1.26), 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.

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