PEY vs SCHD
Invesco High Yield Equity Dividend Achievers ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | PEY | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.54% | 0.06% | |
| AUM | $1.2B | $108.7B | |
| Dividend Yield | 4.22% | 3.13% | |
| Holdings | 52 | 104 | |
| YTD Return | +26.09% | +26.54% | |
| 1Y Return | +24.56% | +30.90% | |
| 3Y Return (annualized) | +12.75% | +16.29% | |
| 5Y Return (annualized) | +8.99% | +9.65% | |
| Volatility (annualized) | 17.7% | 13.6% | |
| Max Drawdown | -75.6% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Dec 9, 2004 | Oct 20, 2011 |
PEY vs SCHD Performance
Invesco High Yield Equity Dividend Achievers ETF (PEY) is a ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PEY returned +24.56% while SCHD returned +30.90%. Year to date, PEY is up 26.09% versus a gain of 26.54% for SCHD.
Over three years, PEY compounded at +12.75% per year against +16.29% for SCHD; over five years the annualized figures are +8.99% and +9.65% respectively. Across the full 15-year window we track, SCHD has the edge at +11.51% annualized vs +3.68%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PEY has been the more volatile fund, with annualized monthly volatility of 17.7% compared with 13.6% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -75.6% for PEY and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PEY charges 0.54% per year while SCHD charges 0.06%. On a $10,000 position that is $54 vs $6 annually, a gap of $48 per year that compounds over a long holding period. On income, PEY currently yields 4.22% against 3.13% for SCHD.
Holdings Overlap
PEY and SCHD share 18 holdings out of 132 unique holdings combined, representing a 16.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PEY or SCHD?
PEY has an expense ratio of 0.54% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $48 per year of difference.
Which performed better, PEY or SCHD?
Over the past year PEY returned +24.56% vs +30.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), PEY annualized +3.68% vs +11.51% for SCHD. Past performance does not guarantee future results.
Which is riskier, PEY or SCHD?
PEY has been the more volatile fund at 17.7% annualized versus 13.6% for SCHD. Worst drawdown: PEY -75.6% vs SCHD -33.4%.
Should I hold both PEY and SCHD?
PEY and SCHD have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PEY and SCHD?
PEY and SCHD share 18 common holdings with a 16.8% weight overlap. Combined, they hold 132 unique securities.
Which pays a higher dividend, PEY or SCHD?
PEY yields 4.22% while SCHD yields 3.13%, so PEY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.