PEY — Invesco High Yield Equity Dividend Achievers ETF
Dividend Income Ranked #306 of 458 tracked ETFs · Issued by Invesco
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.
What If You'd Invested in PEY?
See what a lump sum in PEY would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
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 $24.19, the fund holds an overall rank of #306 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 56.8 out of 100. It charges an expense ratio of 0.54% while offering a dividend yield of 4.09%. The fund operates within a category containing 20 ETFs tracked by ETFValuer. Its asset size and price point suggest a moderate level of investor adoption relative to the broader universe of tracked funds. The combination of a mid-tier rank and a C grade reflects its current standing among peers in the dividend income space.
Over the last day, the fund posted a gain of +0.83% before slipping -1.12% over the one-week period. Monthly returns accelerated to +5.82%, followed by a stronger three-month return of +11.22%. The six-month performance reached +14.83%, while year-to-date gains have climbed to +21.00%. Annual returns stand at +17.75%, and the three-year total return is recorded at +38.94%. This trajectory indicates a pattern of acceleration from short-term fluctuations into sustained positive momentum over the longer horizons. The fund's closest category peers include VYMI with a +27.63% one-year return and VYM with a +21.67% one-year return.
PEY carries a volatility label of Low and a beta of 0.63, indicating that the fund has historically exhibited less price fluctuation than the broader market. A Sharpe ratio of 0.90 suggests the fund has generated a moderate amount of excess return per unit of risk taken. The maximum drawdown recorded for the fund is -17.90%, representing the largest peak-to-trough decline observed. This combination of low volatility and a beta below 1.0 implies the fund tends to move less aggressively during market upswings and downswings. The Sharpe ratio and maximum drawdown figures together characterize the risk-adjusted behavior as relatively stable with defined downside limits.
AI-generated summary based on the data on this page.
PEY Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | Invesco Private Prime Fund | 11.27% | $120M |
| 2 | Insperity, Inc. | 6.20% | $66M |
| 3 | LyondellBasell Industries N.V. | 4.74% | $51M |
| 4 | Invesco Private Government Fund | 4.34% | $46M |
| 5 | Robert Half Inc. | 4.07% | $43M |
| 6 | Flowers Foods, Inc. | 3.52% | $38M |
| 7 | Perrigo Co. PLC | 3.03% | $32M |
| 8 | HP Inc. | 2.61% | $28M |
| 9 | Altria Group, Inc. | 2.45% | $26M |
| 10 | Universal Corp. | 2.34% | $25M |
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).
| ETF | Name | Shared Companies | PEY Weight | Examples |
|---|---|---|---|---|
| RPV | Invesco S&P 500 Pure Value ETF | 3 | 20.4% | Invesco Private Prime Fund, LyondellBasell Industries N.V., Invesco Private Government Fund |
| RSP | Invesco S&P 500 Equal Weight ETF | 2 | 15.6% | Invesco Private Prime Fund, Invesco Private Government Fund |
| TAN | Invesco Solar ETF | 2 | 15.6% | Invesco Private Prime Fund, Invesco Private Government Fund |
| PCY | Invesco Emerging Markets Sovereign Debt ETF | 2 | 15.6% | Invesco Private Prime Fund, Invesco Private Government Fund |
| PBW | Invesco WilderHill Clean Energy ETF | 2 | 15.6% | Invesco Private Prime Fund, Invesco Private Government Fund |
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: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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.
What PEY's Fees Cost You
PEY charges an expense ratio of 0.54% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
PEY Dividend Income Estimator
PEY currently yields 4.09%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
PEY Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 0.08% and average daily volume is 203K/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
| Period | Return |
|---|---|
| 1-Day | +0.83% |
| 1-Week | -1.12% |
| 1-Month | +5.82% |
| 3-Month | +11.22% |
| 6-Month | +14.83% |
| YTD | +21.00% |
| 1-Year | +17.75% |
| 3-Year | +38.94% |
How PEY Compares to Other Dividend Income ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #2 | A |
VYMI | Vanguard International High Dividend Yield Index Fund ETF Shares | +27.63% | 0.07% | $20.4B |
| #5 | B+ |
VYM | Vanguard High Dividend Yield Index Fund ETF Shares | +21.67% | 0.04% | $96.2B |
| #7 | B+ |
SCHD | Schwab U.S. Dividend Equity ETF | +26.05% | 0.06% | $95.7B |
| #9 | B+ |
HDV | iShares Core High Dividend ETF | +23.86% | 0.08% | $13.7B |
| #12 | B+ |
DGRO | iShares Core Dividend Growth ETF | +20.83% | 0.08% | $41.2B |
| #16 | B+ |
IDV | iShares International Select Dividend ETF | +26.59% | 0.5% | $8.03B |
| #28 | B+ |
FDL | First Trust Morningstar Dividend Leaders Index Fund | +23.03% | 0.43% | $7.29B |
| #30 | B+ |
VIG | Vanguard Dividend Appreciation Index Fund ETF Shares | +16.43% | 0.04% | $129B |
| #38 | B+ |
DVY | iShares Select Dividend ETF | +21.92% | 0.38% | $22.9B |
| #52 | B |
SCHY | Schwab International Dividend Equity ETF | +20.58% | 0.08% | $2.31B |
| #56 | B |
RDVY | First Trust Rising Dividend Achievers ETF | +25.68% | 0.47% | $24.5B |
| #106 | B |
SPYD | State Street SPDR Portfolio S&P 500 High Dividend ETF | +17.62% | 0.07% | $7.37B |
| #141 | B |
DIVO | Amplify CWP Enhanced Dividend Income ETF | +14.96% | 0.56% | $7.19B |
| #178 | C |
SDY | State Street SPDR S&P Dividend ETF | +14.10% | 0.35% | $21.4B |
| #191 | C |
DGRW | WisdomTree U.S. Quality Dividend Growth Fund | +12.72% | 0.28% | $16.6B |
| #241 | C |
SPHD | Invesco S&P 500 High Dividend Low Volatility ETF | +12.23% | 0.3% | $3.31B |
| #266 | C |
VIGI | Vanguard International Dividend Appreciation Index Fund ETF Shares | +7.20% | 0.07% | $9.08B |
| #271 | C |
NOBL | ProShares S&P 500 Dividend Aristocrats ETF | +11.44% | 0.35% | $11.5B |
| #276 | C |
FVD | First Trust Value Line Dividend Index Fund | +10.98% | 0.62% | $8.04B |
| #306 | C |
PEY | Invesco High Yield Equity Dividend Achievers ETF | +17.75% | 0.54% | $1.09B |