SIHAX vs. PEY
Compare and contrast key facts about Guggenheim High Yield Fund (SIHAX) and Invesco High Yield Equity Dividend Achievers™ ETF (PEY).
SIHAX is managed by Guggenheim. It was launched on Aug 5, 1996. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SIHAX or PEY.
Correlation
The correlation between SIHAX and PEY is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SIHAX vs. PEY - Performance Comparison
Key characteristics
SIHAX:
2.98
PEY:
1.20
SIHAX:
5.35
PEY:
1.80
SIHAX:
1.71
PEY:
1.21
SIHAX:
5.66
PEY:
1.76
SIHAX:
18.95
PEY:
4.74
SIHAX:
0.49%
PEY:
3.50%
SIHAX:
3.10%
PEY:
13.85%
SIHAX:
-36.72%
PEY:
-72.81%
SIHAX:
-0.30%
PEY:
-5.07%
Returns By Period
In the year-to-date period, SIHAX achieves a 0.96% return, which is significantly lower than PEY's 2.65% return. Over the past 10 years, SIHAX has underperformed PEY with an annualized return of 4.78%, while PEY has yielded a comparatively higher 9.29% annualized return.
SIHAX
0.96%
0.55%
3.54%
9.08%
3.90%
4.78%
PEY
2.65%
0.25%
4.09%
15.17%
7.49%
9.29%
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SIHAX vs. PEY - Expense Ratio Comparison
SIHAX has a 1.05% expense ratio, which is higher than PEY's 0.53% expense ratio.
Risk-Adjusted Performance
SIHAX vs. PEY — Risk-Adjusted Performance Rank
SIHAX
PEY
SIHAX vs. PEY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim High Yield Fund (SIHAX) 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.
Dividends
SIHAX vs. PEY - Dividend Comparison
SIHAX's dividend yield for the trailing twelve months is around 6.40%, more than PEY's 4.35% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SIHAX Guggenheim High Yield Fund | 6.40% | 6.37% | 5.96% | 6.17% | 4.40% | 5.24% | 5.96% | 6.88% | 5.54% | 6.09% | 7.11% | 6.73% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 4.35% | 4.44% | 4.58% | 4.21% | 3.82% | 4.30% | 3.79% | 4.34% | 3.22% | 3.12% | 3.44% | 3.24% |
Drawdowns
SIHAX vs. PEY - Drawdown Comparison
The maximum SIHAX drawdown since its inception was -36.72%, smaller than the maximum PEY drawdown of -72.81%. Use the drawdown chart below to compare losses from any high point for SIHAX and PEY. For additional features, visit the drawdowns tool.
Volatility
SIHAX vs. PEY - Volatility Comparison
The current volatility for Guggenheim High Yield Fund (SIHAX) is 0.78%, while Invesco High Yield Equity Dividend Achievers™ ETF (PEY) has a volatility of 3.21%. This indicates that SIHAX experiences smaller price fluctuations and is considered to be less risky than PEY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.