PEY — Invesco High Yield Equity Dividend Achievers ETF

PEY Price Performance — Growth of $10,000

Value of a $10,000 investment in PEY over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

PEY Drawdown

The "underwater" chart: PEY's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Invesco High Yield Equity Dividend Achievers ETF (PEY) is a Dividend Income fund issued by Invesco with $1.09 billion in assets under management. Currently priced at $24.78, the fund holds an overall rank of #178 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 64.1 out of 100. Investors in this fund face an expense ratio of 0.54% while receiving a dividend yield of 3.95%. The fund operates within a category containing 20 ETFs tracked by ETFValuer. Its asset size of $1.09 billion suggests a moderate level of investor adoption relative to the broader universe of 458 funds. The combination of a mid-tier rank and a C grade indicates a performance profile that sits in the lower half of the overall tracked universe. The expense ratio and yield figures provide a specific cost and income context for investors evaluating this dividend-focused strategy.

Short-term performance shows a decline of 0.30% over one day, followed by a recovery to a 1.67% gain over one week. Momentum accelerated significantly over the next three months, with returns rising to 6.17% in one month and 12.99% over three months. This upward trajectory continued into the six-month period, where the fund posted an 18.44% return. Year-to-date performance reached 23.93%, while the one-year return stood at 23.06%. The longer-term horizon of three years reflects a substantial cumulative return of 45.27%. The data indicates a pattern where short-term volatility was quickly followed by sustained gains that extended through the one-year and three-year marks.

The fund carries a Low volatility label and a beta of 0.63, indicating that its price movements have historically been less sensitive to broader market fluctuations. A Sharpe ratio of 1.27 suggests the fund has generated a favorable amount of excess return relative to the risk taken during the measured period. Despite this efficiency, the fund experienced a maximum drawdown of -17.90%, representing the largest peak-to-trough decline recorded. This combination of low beta and a significant drawdown implies that while the fund generally moves less than the market, it is still capable of substantial declines during adverse conditions. The low volatility classification aligns with the beta figure, yet the drawdown figure highlights the potential for sharp losses even within a lower-risk profile. Investors should consider that the Sharpe ratio reflects the net result of these volatility and return characteristics over the full measurement window.

AI-generated summary based on the data on this page.

PEY Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 44.6% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how PEY's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With PEY

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with PEY's top 10 — RPV overlaps most, holding 3 of the same companies as PEY's top 10 (20.4% of PEY's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.61% (as of 2026-07-28) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.21 (as of 2026-07-28) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

PEY Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.24% and average daily volume is 206K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $1.09B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: PEY is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

PEY Performance History

How PEY Compares to Other Dividend Income ETFs