Invesco High Yield Equity Dividend Achievers ETF
$23.30−0.14 (−0.60%)
- Expense ratio
- 0.68%
- Fund size
- $1.1B
- 1Y return
- +17.3%
- Yield · Last 12 months
- 4.46%
- Holdings
- 51
- Volume · 30D
- 0.3M sh
- NAV per share
- $23.45
- 52W range
The ETF.net PEY Grade
Score 42 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 2Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 77Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 25Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 67Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 51Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 69Category rank
Our read on PEY
CTwo screens, one fund: companies with a habit of raising dividends, then the highest yielders among them, roughly 50 names, paid out monthly. Invesco has run this playbook since 2004.
The fund seeks to track, before fees and expenses, the NASDAQ US Dividend Achievers 50 Index. It normally invests at least 90% of assets in dividend-paying common stocks comprising that index.
Why people hold it
- Screens stack: consistent dividend growth first, then the highest yielders from that pool, trimmed to about 50 names in the Nasdaq US Dividend Achievers 50 Index.invesco.com
- Distributions come monthly rather than quarterly, which puts income on the same rhythm as most bills.
- Same mandate since its 2004 launch, now a multi-billion-dollar fund that trades with steady day-to-day liquidity and stays close to its index.
Worth knowing
- Cost is the sticking point: 0.54% a year sits above the dividend-screen median, while SCHD (0.06%) and VIG (0.04%) deliver broad dividend exposure for a fraction.
- With about 50 holdings and a yield tilt, single names and sectors carry more weight here than in broader dividend funds.
- Reaching for yield has historically come with deeper drawdowns than the dividend-growth end of this peer group.
PEY Holdings
- Stocks
- 51
- 31%
- PRGO
Sectors
- Financials21.6%
- Cons. Staples19.1%
- Industrials13.9%
- Utilities12.2%
- Health Care9.4%
- Consumer Discr.8.2%
- Communication5.8%
- Materials4.2%
- Technology4.0%
- Energy1.6%
Geography
- United States92.69%
- Ireland4.70%
- Netherlands2.61%
PEY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | PEY |
|---|---|
| Year to date | +19.0% |
| 1 month | −6.2% |
| 3 months | +5.5% |
| 1 year | +17.3% |
| 3 years | +11.7% |
| 5 years | +8.5% |
| 10 years | +8.6% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PEY |
|---|---|---|
| 2026 YTD | +19.0% | |
| 2025 | +0.6% | |
| 2024 | +5.2% | |
| 2023 | +7.3% | |
| 2022 | +2.4% | |
| 2021 | +26.1% | |
| 2020 | −3.8% |
PEY in the news
ETF.net Research hasn’t filed on PEY yet — coverage lands here as it’s written.
PEY Dividends
- 4.46%
- $1.05
- $0.09 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.09 |
| Aug 24, 2026 | Aug 28, 2026 | $0.09 |
| Jul 20, 2026 | Jul 24, 2026 | $0.10 |
| Jun 22, 2026 | Jun 26, 2026 | $0.10 |
| May 18, 2026 | May 22, 2026 | $0.09 |
| Apr 20, 2026 | Apr 24, 2026 | $0.08 |
| Mar 23, 2026 | Mar 27, 2026 | $0.07 |
| Feb 23, 2026 | Feb 27, 2026 | $0.08 |
| Jan 20, 2026 | Jan 23, 2026 | $0.08 |
| Dec 22, 2025 | Dec 26, 2025 | $0.08 |
| Nov 24, 2025 | Nov 28, 2025 | $0.08 |
| Oct 20, 2025 | Oct 24, 2025 | $0.10 |
PEY Risk
- 15.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.50
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −17.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.65
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PEY Cost
- The middle half of US Dividend Index funds
- Median 0.38%
50 of the 52 US Dividend Index funds charge less.