PYEQX vs. VTV

Last updated Jun 5, 2026

PYEQX (Pioneer Equity Income Y) and VTV (Vanguard Value ETF) are both Large Cap Value Equities funds. Over the past 10 years, PYEQX returned 9.56%/yr vs 12.49%/yr for VTV. With a 0.95 correlation, they move nearly in lockstep. PYEQX charges 0.81%/yr vs 0.04%/yr for VTV.

Performance

PYEQX vs. VTV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pioneer Equity Income Y (PYEQX) and Vanguard Value ETF (VTV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PYEQX achieves a 9.61% return, which is significantly lower than VTV's 13.16% return. Over the past 10 years, PYEQX has underperformed VTV with an annualized return of 9.56%, while VTV has yielded a comparatively higher 12.49% annualized return.

PYEQX

• 1D: -0.72%
• 1M: 3.36%
• YTD: 9.61%
• 6M: 10.57%
• 1Y: 21.55%
• 3Y*: 13.53%
• 5Y*: 7.42%
• 10Y*: 9.56%

VTV

• 1D: 0.77%
• 1M: 4.08%
• YTD: 13.16%
• 6M: 14.00%
• 1Y: 27.88%
• 3Y*: 18.69%
• 5Y*: 11.41%
• 10Y*: 12.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PYEQX vs. VTV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PYEQX Pioneer Equity Income Y	9.61%	11.46%	11.46%	7.54%	-7.92%	25.56%	0.09%	25.76%	-8.70%	15.27%
VTV Vanguard Value ETF	13.16%	15.27%	15.95%	9.32%	-2.09%	26.53%	2.33%	25.66%	-5.47%	17.15%

Correlation

The correlation between PYEQX and VTV is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Feb 2, 2004	0.95

The correlation between PYEQX and VTV has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.

Return for Risk

PYEQX vs. VTV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PYEQX

PYEQX Risk / Return Rank: 43
PYEQX Sharpe Ratio Rank: 43
PYEQX Sortino Ratio Rank: 42
PYEQX Omega Ratio Rank: 40
PYEQX Calmar Ratio Rank: 51
PYEQX Martin Ratio Rank: 40

VTV

VTV Risk / Return Rank: 85
VTV Sharpe Ratio Rank: 85
VTV Sortino Ratio Rank: 88
VTV Omega Ratio Rank: 83
VTV Calmar Ratio Rank: 83
VTV Martin Ratio Rank: 83

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.

PYEQX vs. VTV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer Equity Income Y (PYEQX) and Vanguard Value ETF (VTV). 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.

	PYEQX	VTV	Difference
Sharpe ratio: Return per unit of total volatility	1.85	2.77	-0.92
Sortino ratio: Return per unit of downside risk	2.64	3.95	-1.32
Omega ratio: Gain probability vs. loss probability	1.32	1.50	-0.17
Calmar ratio: Return relative to maximum drawdown	2.64	4.41	-1.77
Martin ratio: Return relative to average drawdown	8.43	16.67	-8.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PYEQX vs. VTV - Sharpe Ratio Comparison

The current PYEQX Sharpe Ratio is 1.85, which is lower than the VTV Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of PYEQX and VTV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PYEQX	VTV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.85	2.77	-0.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.83	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.75	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.51	-0.09

Drawdowns

PYEQX vs. VTV - Drawdown Comparison

The maximum PYEQX drawdown since its inception was -53.72%, smaller than the maximum VTV drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for PYEQX and VTV.

Drawdown Indicators

	PYEQX	VTV	Difference
Max Drawdown Largest peak-to-trough decline	-53.72%	-59.27%	+5.55%
Max Drawdown (1Y) Largest decline over 1 year	-7.97%	-6.35%	-1.62%
Max Drawdown (3Y) Largest decline over 3 years	-16.77%	-14.52%	-2.25%
Max Drawdown (5Y) Largest decline over 5 years	-20.14%	-17.04%	-3.10%
Max Drawdown (10Y) Largest decline over 10 years	-37.88%	-36.78%	-1.10%
Current Drawdown Current decline from peak	-0.72%	0.00%	-0.72%
Average Drawdown Average peak-to-trough decline	-7.66%	-7.87%	+0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	1.68%	+0.81%

Volatility

PYEQX vs. VTV - Volatility Comparison

Pioneer Equity Income Y (PYEQX) and Vanguard Value ETF (VTV) have volatilities of 2.49% and 2.48%, 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.

Volatility by Period

	PYEQX	VTV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.49%	2.48%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	8.25%	7.57%	+0.68%
Volatility (1Y) Calculated over the trailing 1-year period	11.40%	10.12%	+1.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.29%	13.88%	+1.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.18%	16.66%	+0.52%

PYEQX vs. VTV - Expense Ratio Comparison

PYEQX has a 0.81% expense ratio, which is higher than VTV's 0.04% expense ratio.

Dividends

PYEQX vs. VTV - Dividend Comparison

PYEQX's dividend yield for the trailing twelve months is around 8.09%, more than VTV's 1.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PYEQX Pioneer Equity Income Y	8.09%	8.95%	39.97%	17.70%	12.73%	9.44%	1.77%	4.15%	7.99%	5.46%	13.20%	10.34%
VTV Vanguard Value ETF	1.85%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%

Frequently Asked Questions

Can I hold both PYEQX and VTV in my portfolio?

PYEQX and VTV have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PYEQX or VTV?

PYEQX has higher volatility (2.49%) compared to VTV (2.48%). In terms of maximum drawdown, PYEQX dropped -53.72% vs VTV's -59.27%.

Which has better risk-adjusted returns?

VTV currently has the higher Sharpe Ratio (2.77 vs 1.85), 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.