Invesco High Yield Equity Dividend Achievers ETF (PEY) Performance
PEY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +23.4% since Dec 31, 2025
- 1 year
- +21.0% total return
- 5 years
- +8.0% a year
- 10 years
- +9.2% a year
- Since first price
- +6.7% a year since 2004
PEY trailing returns vs SPY, QQQ, AGG
| Period | PEY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +4.8% | +4.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.1% | +0.9% | +3.2% | +1.9% | −0.4% |
| 6 months | +12.6% | +9.9% | +7.8% | +8.4% | −1.5% |
| YTD | +23.4% | +18.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +21.0% | +15.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +53.3%+15.3%/yr | +32.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +47.0%+8.0%/yr | +16.8% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +140.4%+9.2%/yr | +56.1% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +409.7%+11.5%/yr | +175.0% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +258.0%+6.6%/yr | +53.0% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionDec 9, 2004 | +311.5%+6.7%/yr | +63.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PEY vs SPY
From Dec 9, 2004: PEY grew to $41,147, SPY to $95,162.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PEY returns by calendar year
17 of 21 full years positive. Best 2016 (+31.4%), worst 2008 (−38.2%). 2026 is year to date.
PEY annual returns table
| Year | PEY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +23.4% | −9.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +0.6% | −15.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +5.2% | −8.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +7.3% | −14.8% | +26.2% | +54.9% | +5.7% |
| 2022 | +2.5% | −16.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +26.2% | −8.9% | +28.7% | +27.4% | −1.8% |
| 2020 | −3.8% | −41.6% | +18.3% | +48.6% | +7.5% |
| 2019 | +24.8% | −6.6% | +31.2% | +39.0% | +8.5% |
| 2018 | −7.5% | −16.3% | −4.6% | −0.1% | +0.1% |
| 2017 | +8.8% | −4.3% | +21.7% | +32.7% | +3.6% |
| 2016 | +31.4% | −8.2% | +12.0% | +7.1% | +2.4% |
| 2015 | +2.4% | −8.9% | +1.2% | +9.4% | +0.5% |
| 2014 | +18.0% | −4.9% | +13.5% | +19.2% | +6.0% |
| 2013 | +30.5% | −6.8% | +32.3% | +36.6% | −2.0% |
| 2012 | +6.3% | −8.0% | +16.0% | +18.1% | +3.8% |
| 2011 | +8.6% | −15.5% | +1.9% | +3.4% | +7.7% |
| 2010 | +20.9% | −11.1% | +15.1% | +19.9% | +6.4% |
| 2009 | +3.6% | −47.5% | +26.4% | +54.7% | +3.0% |
| 2008 | −38.2% | −52.2% | −36.8% | −41.7% | +7.9% |
| 2007 | −15.4% | −18.8% | +5.1% | +19.0% | +6.6% |
| 2006 | +15.0% | −5.0% | +15.8% | +7.1% | +3.9% |
| 2005 | +1.0% | −8.1% | +4.8% | +1.6% | +2.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PEY largest drawdowns
Now 3.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 27, 2006 | −72.8% | Mar 9, 2009 | Mar 18, 2014 | 2.2 years | 7.2 years |
| Jan 16, 2020 | −41.6% | Mar 23, 2020 | Jan 14, 2021 | 2 months | 12 months |
| Nov 25, 2024 | −17.9% | Apr 8, 2025 | Feb 3, 2026 | 4 months | 1.2 years |
| Sep 21, 2018 | −16.3% | Dec 24, 2018 | Mar 18, 2019 | 3 months | 6 months |
| Apr 20, 2022 | −16.0% | Sep 30, 2022 | Dec 14, 2023 | 5 months | 1.7 years |
| Dec 1, 2015 | −10.8% | Jan 20, 2016 | Mar 3, 2016 | 50 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PEY risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2004 |
|---|---|---|---|---|
| Annualized return | +11.2% | +7.7% | +8.2% | +6.2% |
| Volatility (annualized) | 15.2% | 16.5% | 16.9% | 17.7% |
| Sharpe ratio | 0.49 | 0.31 | 0.42 | — |
| Sortino ratio | 0.78 | 0.47 | 0.60 | — |
| Best month | +10.2% | +11.4% | +13.5% | +16.7% |
| Worst month | −7.8% | −9.2% | −21.0% | −22.8% |
| Best 12 months | +24.2% | +24.2% | +63.9% | +68.5% |
| Worst 12 months | −6.2% | −13.7% | −24.3% | −58.2% |
| Positive months | 58% | 57% | 62% | 60% |
| Beta vs S&P 500 | 0.63 | 0.67 | 0.83 | — |
| Correlation with S&P 500 | 0.51 | 0.64 | 0.75 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PEY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 251 | −58.2% | +9.3% | +68.5% | 79% |
| 3-year (a year) | 227 | −28.2% | +10.3% | +30.5% | 78% |
| 5-year (a year) | 203 | −8.9% | +9.0% | +25.0% | 81% |
| 10-year (a year) | 143 | +2.5% | +9.7% | +18.5% | 100% |
Every holding period starting at a month-end since 2004. Returns for 3 years and longer are annualized.
PEY performance overview
Invesco High Yield Equity Dividend Achievers ETF (PEY) returned +21.0% over the past year and +9.2% a year over ten years, with distributions reinvested. Since its first recorded price in 2004 it has returned +6.7% a year, turning $10,000 into about $41,147. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −72.8%, from Dec 27, 2006 to Mar 9, 2009, and it took 5.0 years to get back to the old high. PEY finished 17 of its 21 full calendar years with a gain; the best year was 2016 (+31.4%) and the worst 2008 (−38.2%). Volatility has been 17.7% a year.
Related: PEY chart, PEY holdings, PEY dividends, PEY valuation. See the PEY overview for the latest quote and fund facts.
PEY performance FAQ
What is the PEY return over the past year?
PEY returned +21.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 15.4%.
What is the average annual return of PEY?
PEY has returned +8.0% a year over 5 years, +9.2% a year over 10 years, +6.7% a year since December 9, 2004 (total return, distributions reinvested).
How much would $10,000 invested in PEY be worth?
$10,000 invested in PEY at its first recorded close on December 9, 2004 would be worth about $41,147 on October 23, 2026 with distributions reinvested.
What was the worst year for PEY?
The worst calendar year was 2008, with a total return of −38.2%. The best was 2016 at +31.4%.
What is the biggest drawdown of PEY?
The largest peak-to-trough decline was −72.8% between December 27, 2006 and March 9, 2009. It recovered to the old high on March 18, 2014, 5.0 years after the bottom.
How volatile is PEY?
Over the past 3 years PEY had an annualized volatility of 15.2% and a Sharpe ratio of 0.49 (excess return over 1–3 month T-bills per unit of risk).