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RDIV vs. PEY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RDIV vs. PEY

Last updated Jun 24, 2026

RDIV (Invesco S&P Ultra Dividend Revenue ETF) and PEY (Invesco High Yield Equity Dividend Achievers™ ETF) are both Mid Cap Value Equities funds from Invesco - RDIV tracks the S&P 900 Dividend Revenue-Weighted Index while PEY tracks the NASDAQ US Dividend Achievers 50 Index. Both are passively managed. Over the past 10 years, RDIV returned 11.03%/yr vs 8.73%/yr for PEY. Their correlation of 0.88 suggests significant overlap in exposure. RDIV charges 0.39%/yr vs 0.54%/yr for PEY.

Performance

RDIV vs. PEY - Performance Comparison

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

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Returns By Period

The year-to-date returns for both investments are quite close, with RDIV having a 13.79% return and PEY slightly higher at 14.10%. Over the past 10 years, RDIV has outperformed PEY with an annualized return of 11.03%, while PEY has yielded a comparatively lower 8.73% annualized return.

RDIV

1D
1.18%
1M
0.13%
YTD
13.79%
6M
13.59%
1Y
28.68%
3Y*
19.82%
5Y*
11.36%
10Y*
11.03%

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

RDIV vs. PEY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RDIV
Invesco S&P Ultra Dividend Revenue ETF		13.79%12.36%15.17%4.66%7.16%29.12%-9.31%22.62%-4.78%11.63%
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%

Correlation

The correlation between RDIV and PEY is 0.80, 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

0.80

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

0.88

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

0.90

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

0.90

Correlation (All Time)
Calculated using the full available price history since Oct 1, 2013

0.88

The correlation between RDIV and PEY shifts across timeframes, from 0.80 (1 year) to 0.90 (5 years), reflecting how their relationship changes across market environments.

RDIV vs. PEY - Sectors Allocation Comparison

Sectors
RDIV
PEY

Financial Services

17.8%
22.8%

Energy

17.3%
1.3%

Consumer Cyclical

15.0%
8.3%

Consumer Defensive

14.6%
16.2%

Communication Services

8.8%
5.6%

Real Estate

7.3%

-

Healthcare

6.8%
6.1%

Technology

6.2%
5.1%

Utilities

6.2%
11.6%

Basic Materials

0.5%
5.4%

Industrials

-

17.6%

Financial Services

RDIV
17.8%
PEY
22.8%

Energy

RDIV
17.3%
PEY
1.3%

Consumer Cyclical

RDIV
15.0%
PEY
8.3%

Consumer Defensive

RDIV
14.6%
PEY
16.2%

Communication Services

RDIV
8.8%
PEY
5.6%

Real Estate

RDIV
7.3%
PEY

-

Healthcare

RDIV
6.8%
PEY
6.1%

Technology

RDIV
6.2%
PEY
5.1%

Utilities

RDIV
6.2%
PEY
11.6%

Basic Materials

RDIV
0.5%
PEY
5.4%

Industrials

RDIV

-

PEY
17.6%

Compare stocks, funds, or ETFs

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

Invesco S&P Ultra Dividend Revenue ETF

Invesco High Yield Equity Dividend Achievers™ ETF

Often compared with RDIV:
RDIV vs. SCHDRDIV vs. VOORDIV vs. AFKRDIV vs. VYMRDIV vs. BKERDIV vs. SPYRDIV vs. EQQQ.DE
Often compared with PEY:
PEY vs. SPHDPEY vs. SCHDPEY vs. DIVOPEY vs. DVYPEY vs. JEPIPEY vs. COWZPEY vs. VYM

Return for Risk

RDIV vs. PEY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RDIV
RDIV Risk / Return Rank: 7878
Overall Rank
RDIV Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
RDIV Sortino Ratio Rank: 7575
Sortino Ratio Rank
RDIV Omega Ratio Rank: 6666
Omega Ratio Rank
RDIV Calmar Ratio Rank: 9292
Calmar Ratio Rank
RDIV Martin Ratio Rank: 8585
Martin Ratio Rank
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
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.

RDIV vs. PEY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Ultra Dividend Revenue ETF (RDIV) and Invesco High Yield Equity Dividend Achievers™ ETF (PEY). 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.

RDIVPEYDifference
Sharpe ratioReturn per unit of total volatility
2.15
1.26

+0.89

Sortino ratioReturn per unit of downside risk
3.15
1.94

+1.21

Omega ratioGain probability vs. loss probability

1.37

1.22

+0.16

Calmar ratioReturn relative to maximum drawdown

5.95

2.00

+3.94

Martin ratioReturn relative to average drawdown

17.00

5.59

+11.41

RDIV vs. PEY - Sharpe Ratio Comparison

The current RDIV Sharpe Ratio is 2.15, which is higher than the PEY Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of RDIV and PEY, 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

RDIV vs. PEY - Drawdown Comparison

The maximum RDIV drawdown since its inception was -49.97%, smaller than the maximum PEY drawdown of -72.81%. Use the drawdown chart below to compare losses from any high point for RDIV and PEY.

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Drawdown Indicators

RDIVPEYDifference

Max Drawdown

Largest peak-to-trough decline

-49.97%

-72.81%

+22.84%

Max Drawdown (1Y)

Largest decline over 1 year

-4.84%

-8.88%

+4.04%

Max Drawdown (3Y)

Largest decline over 3 years

-17.91%

-17.90%

-0.01%

Max Drawdown (5Y)

Largest decline over 5 years

-24.89%

-17.90%

-6.99%

Max Drawdown (10Y)

Largest decline over 10 years

-49.97%

-41.55%

-8.42%

Current Drawdown

Current decline from peak

-2.54%

-2.46%

-0.08%

Average Drawdown

Average peak-to-trough decline

-5.84%

-12.85%

+7.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.69%

3.17%

-1.48%

Volatility

RDIV vs. PEY - Volatility Comparison

Invesco S&P Ultra Dividend Revenue ETF (RDIV) has a higher volatility of 4.58% compared to Invesco High Yield Equity Dividend Achievers™ ETF (PEY) at 4.05%. This indicates that RDIV's price experiences larger fluctuations and is considered to be riskier than PEY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RDIVPEYDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.58%

4.05%

+0.53%

Volatility (6M)

Calculated over the trailing 6-month period

9.01%

9.55%

-0.54%

Volatility (1Y)

Calculated over the trailing 1-year period

13.41%

14.17%

-0.76%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.48%

16.36%

+1.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.89%

18.88%

+3.01%

RDIV vs. PEY - Expense Ratio Comparison

RDIV has a 0.39% expense ratio, which is lower than PEY's 0.54% expense ratio.

Dividends

RDIV vs. PEY - Dividend Comparison

RDIV's dividend yield for the trailing twelve months is around 3.72%, less than PEY's 4.49% 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%
RDIV
Invesco S&P Ultra Dividend Revenue ETF		3.72%3.94%4.08%3.93%3.44%3.31%4.93%3.84%4.32%4.26%2.20%4.49%

Frequently Asked Questions

RDIV and PEY have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

RDIV has higher volatility (4.58%) compared to PEY (4.05%). In terms of maximum drawdown, RDIV dropped -49.97% vs PEY's -72.81%.

On 10-year performance, RDIV leads with 11.03% vs 8.73% for PEY. On fees, RDIV is cheaper at 0.39% per year. On volatility, PEY has been the lower-risk option at 4.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, RDIV has performed better with a 11.03% return vs 8.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

RDIV is cheaper with a 0.39% expense ratio, compared with 0.54% for PEY.

PEY has the higher dividend yield at 4.49%, compared with 3.72% for RDIV.

RDIV tracks S&P 900 Dividend Revenue-Weighted Index, while PEY tracks NASDAQ US Dividend Achievers 50 Index. Their fees differ too: 0.39% for RDIV and 0.54% for PEY.

RDIV currently has the higher Sharpe Ratio (2.15 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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