PEY vs VTI
Invesco High Yield Equity Dividend Achievers ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. PEY delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | PEY | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.54% | 0.03% | |
| AUM | $1.2B | $666.9B | |
| Dividend Yield | 4.22% | 1.07% | |
| Holdings | 52 | 3,543 | |
| YTD Return | +25.65% | +12.65% | |
| 1Y Return | +24.18% | +21.39% | |
| 3Y Return (annualized) | +12.94% | +21.54% | |
| 5Y Return (annualized) | +9.25% | +12.11% | |
| Volatility (annualized) | 17.6% | 15.3% | |
| Max Drawdown | -75.6% | -56.6% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 9, 2004 | May 24, 2001 |
PEY vs VTI Performance
Invesco High Yield Equity Dividend Achievers ETF (PEY) is a ETF from Invesco (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year PEY returned +24.18% while VTI returned +21.39%. Year to date, PEY is up 25.65% versus a gain of 12.65% for VTI.
Over three years, PEY compounded at +12.94% per year against +21.54% for VTI; over five years the annualized figures are +9.25% and +12.11% respectively. Across the full 22-year window we track, VTI has the edge at +8.07% annualized vs +3.66%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PEY has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 15.3% for VTI. 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 -56.6% for VTI. 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PEY charges 0.54% per year while VTI 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 1.07% for VTI.
Holdings Overlap
PEY and VTI share 37 holdings out of 2800 unique holdings combined, representing a 2.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PEY or VTI?
PEY has an expense ratio of 0.54% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, PEY or VTI?
Over the past year PEY returned +24.18% vs +21.39% for VTI, so PEY leads on 1-year performance. Over the longest common window we track (22 years), PEY annualized +3.66% vs +8.07% for VTI. Past performance does not guarantee future results.
Which is riskier, PEY or VTI?
PEY has been the more volatile fund at 17.6% annualized versus 15.3% for VTI. Worst drawdown: PEY -75.6% vs VTI -56.6%.
Should I hold both PEY and VTI?
PEY and VTI have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PEY and VTI?
PEY and VTI share 37 common holdings with a 2.0% weight overlap. Combined, they hold 2800 unique securities.
Which pays a higher dividend, PEY or VTI?
PEY yields 4.22% while VTI yields 1.07%, so PEY currently pays the higher dividend yield.
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