PEY vs VOO
Invesco High Yield Equity Dividend Achievers ETF vs Vanguard S&P 500 ETF
Which is better, PEY or VOO?
Small Cap Value against Large Cap Blend.
VOO has a lower expense ratio. PEY led over 1Y, VOO over 3Y, 5Y and the full window. PEY is less concentrated, with 29.6% of the fund in its ten largest positions against 36.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PEY | VOO |
|---|---|---|
| Expense Ratio | 0.54% | 0.03%Best |
| AUM | $1.2B | $997.4B |
| Dividend Yield | 4.22% | 1.08% |
| Holdings | 52 | 509 |
| YTD Return | +22.22%Best | +12.74% |
| 1Y Return | +20.10%Best | +19.43% |
| 3Y Return (annualized) | +12.11% | +21.18%Best |
| 5Y Return (annualized) | +8.56% | +12.76%Best |
| Volatility (annualized) | 14.6% | 14.1%Best |
| Max Drawdown | -42.3% | -34.3%Best |
| $10,000 over 5 years | $15,078 | $18,230Best |
| Top 10 Weight | 29.6%Best | 36.4% |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Blend |
| Inception | Dec 9, 2004 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 8, 2026 (16 years).
PEY vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 16 years both funds cover.
PEY vs VOO Performance
Invesco High Yield Equity Dividend Achievers ETF (PEY) is an ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year PEY returned +20.10% while VOO returned +19.43%. Year to date, PEY is up 22.22% versus a gain of 12.74% for VOO.
Over three years, PEY compounded at +12.11% per year against +21.18% for VOO; over five years the annualized figures are +8.56% and +12.76% respectively. Across the full 16-year window we track, VOO has the edge at +13.43% annualized vs +8.86%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PEY has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 14.1% for VOO. 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 -42.3% for PEY and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PEY charges 0.54% per year while VOO charges 0.03%. On a $10,000 position that is $54 vs $3 annually, a gap of $51 per year that compounds over a long holding period. On income, PEY currently yields 4.22% against 1.08% for VOO.
Holdings Overlap
50.2% of PEY's money is in holdings VOO also owns. 2.3% of VOO's money is in holdings PEY also owns.
The two portfolios partly overlap.
26 positions in common, counted across the 51 positions we hold weights for in PEY and 504 in VOO, against full books of 52 and 509.
What only one of them owns
Measured across the 51 and 504 positions we hold weights for.
VOO holds 468 positions PEY does not, 97.0% of the fund.
Largest: NVDA 7.51%, AAPL 6.59%, MSFT 4.30%, AMZN 3.62%, GOOGL 3.25%
Top Shared Holdings
| Stock | Weight in PEY | Weight in VOO | Difference |
|---|---|---|---|
| PFEPfizer, Inc. | 2.39% | 0.21% | 2.18% |
| PRUPrudential Financial Inc. | 2.48% | 0.06% | 2.42% |
| LYBLyondellbasell Industries N V Shs A | 2.44% | 0.02% | 2.42% |
| UPSUnited Parcel Service, Inc | 2.32% | 0.12% | 2.20% |
| CLXClorox Co. | 2.36% | 0.02% | 2.34% |
| MOAltria Group Inc. | 2.18% | 0.19% | 1.99% |
| VZVerizon Communications Inc Com Usd1 | 2.09% | 0.27% | 1.82% |
| KMBKimberly-Clark Corp. | 2.19% | 0.06% | 2.13% |
| PAYXPaychex, Inc. | 2.08% | 0.05% | 2.03% |
| HRLHormel Foods Corp. | 2.04% | 0.01% | 2.03% |
50.2% of PEY is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PEY or VOO?
PEY has an expense ratio of 0.54% while VOO charges 0.03%. VOO is the cheaper option, by $51 a year on a $10,000 investment.
Which performed better, PEY or VOO?
Over the past year PEY returned +20.10% vs +19.43% for VOO, so PEY leads on 1-year performance. Over the longest common window we track (16 years), PEY annualized +8.86% vs +13.43% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PEY or VOO?
PEY has been the more volatile fund at 14.6% annualized versus 14.1% for VOO. Worst drawdown: PEY -42.3% vs VOO -34.3%.
Should I hold both PEY and VOO?
PEY and VOO have a monthly-return correlation of 0.76, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between PEY and VOO?
50.2% of PEY's money is in holdings VOO also owns. 2.3% of VOO's is in holdings PEY also owns. They hold 26 positions in common, counted across the 51 positions we hold weights for in PEY and 504 in VOO.
Which pays a higher dividend, PEY or VOO?
PEY yields 4.22% while VOO yields 1.08%, so PEY currently pays the higher dividend yield.
Is VOO better than PEY?
VOO has a lower expense ratio. PEY led over 1Y, VOO over 3Y, 5Y and the full window. PEY is less concentrated, with 29.6% of the fund in its ten largest positions against 36.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.