PEY — Invesco High Yield Equity Dividend Achievers ETF
Dividend Income Ranked #232 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 $1.16 billion in assets under management. It holds a C grade and ranks 17th out of 20 peers in its category, placing it in the lower tier of similar funds. The fund charges an expense ratio of 0.54%, which is notably higher than the category median of 0.29%. Despite the higher cost, it offers a dividend yield of 3.96%, significantly above the median of 2.67%. The top ten holdings represent 44.6% of assets, with the largest position being the Invesco Private Prime Fund at 11.3%.
PEY has delivered a 1-year return of 21.49%, slightly outperforming the category median of 20.27%. Short-term momentum shows a divergence, with a 1-month gain of 0.33% contrasting against a 1-week decline of 1.59%. The fund’s price of $24.73 sits at 87.1% of its 52-week range, indicating it is trading near the upper end of its recent historical bounds. The rating grade has remained unchanged at C over the last 35 tracked days. Historical price data is available for only 3.0 years, limiting the depth of long-term trend analysis.
The fund exhibits a beta of 0.64, suggesting it moves less than the broader market. Annualized volatility is recorded at 13.86%, which is classified as Low. A Sharpe ratio of 1.19 indicates strong risk-adjusted returns relative to the risk taken. The maximum drawdown of -17.90% reflects the largest peak-to-trough decline observed in the record. Liquidity is supported by an average daily volume of 246,973 shares and a bid/ask spread of 0.36%.
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: 4.77% (as of 2026-09-03) — 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): 14.32 (as of 2026-09-03) — 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 2026-08-01) — 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 3.96%. 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 0.36% and average daily volume is 247K/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 $1.16B 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 | -0.28% |
| 1-Week | -1.59% |
| 1-Month | +0.33% |
| 3-Month | +10.00% |
| 6-Month | +18.39% |
| YTD | +24.16% |
| 1-Year | +21.49% |
| 3-Year | +42.32% |
How PEY Compares to Other Dividend Income ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #1 | A |
VYMI | Vanguard International High Dividend Yield Index Fund ETF Shares | +32.45% | 0.07% | $22.7B |
| #3 | B+ |
SCHD | Schwab U.S. Dividend Equity ETF | +30.29% | 0.06% | $112B |
| #14 | B+ |
IDV | iShares International Select Dividend ETF | +31.79% | 0.5% | $8.67B |
| #16 | B+ |
HDV | iShares Core High Dividend ETF | +24.64% | 0.08% | $15.5B |
| #17 | B+ |
VYM | Vanguard High Dividend Yield Index Fund ETF Shares | +20.84% | 0.04% | $101B |
| #22 | B+ |
DGRO | iShares Core Dividend Growth ETF | +20.60% | 0.08% | $43.5B |
| #35 | B+ |
FDL | First Trust Morningstar Dividend Leaders Index Fund | +24.66% | 0.43% | $8.09B |
| #45 | B |
SCHY | Schwab International Dividend Equity ETF | +22.83% | 0.08% | $2.61B |
| #76 | B |
VIG | Vanguard Dividend Appreciation Index Fund ETF Shares | +16.14% | 0.04% | $132B |
| #83 | B |
RDVY | First Trust Rising Dividend Achievers ETF | +25.08% | 0.47% | $25.4B |
| #97 | B |
DVY | iShares Select Dividend ETF | +19.95% | 0.38% | $23.6B |
| #123 | B |
DIVO | Amplify CWP Enhanced Dividend Income ETF | +17.95% | 0.56% | $7.91B |
| #183 | B |
DGRW | WisdomTree U.S. Quality Dividend Growth Fund | +15.10% | 0.28% | $17.2B |
| #185 | B |
SPYD | State Street SPDR Portfolio S&P 500 High Dividend ETF | +15.87% | 0.07% | $7.65B |
| #210 | C |
SDY | State Street SPDR S&P Dividend ETF | +13.43% | 0.35% | $21.8B |
| #212 | C |
VIGI | Vanguard International Dividend Appreciation Index Fund ETF Shares | +13.69% | 0.07% | $9.53B |
| #232 | C |
PEY | Invesco High Yield Equity Dividend Achievers ETF | +21.49% | 0.54% | $1.16B |
| #260 | C |
NOBL | ProShares S&P 500 Dividend Aristocrats ETF | +12.70% | 0.35% | $11.8B |
| #261 | C |
SPHD | Invesco S&P 500 High Dividend Low Volatility ETF | +11.14% | 0.3% | $3.41B |
| #278 | C |
FVD | First Trust Value Line Dividend Index Fund | +10.92% | 0.62% | $8.18B |