PEY vs RDVY: Performance, Holdings, Fees & Risk
PEY and RDVY are ETFs, but they can differ materially in exposure, yield, fees and risk. PEY is Invesco High Yield Equity Dividend Achievers ETF, while RDVY is First Trust Rising Dividend Achievers ETF. RDVY is broader by holdings count, with 72 positions versus 54 for PEY. PEY is more concentrated at the top, based on top-10 holdings weight. Current AlgovestIQ evidence has RDVY ahead on AIQ Score, 63 versus 61.
What is the main difference between PEY and RDVY?
PEY and RDVY have little in common: 2% of their weight is in the same securities.
| Metric | PEY | RDVY |
|---|---|---|
| Fund | ||
| Expense ratio | 0.68% | 0.47% |
| Holdings | 54 | 72 |
| Top-10 concentration | 30.5% | 24.1% |
| Distribution yieldTrailing 12 months | 4.45% | 0.85% |
| Average volume | 286,737 | 1,098,784 |
| Performance | ||
| 1Y return | +13.4% | +21.1% |
| YTD return | +15.8% | +14.6% |
| 5Y annualized returnTotal return, distributions reinvested | +7.4% | +11.3% |
| Risk | ||
| Annualized volatility | 13.8% | 14.3% |
| Max drawdown (1Y) | -9.7% | -9.3% |
| Max drawdown (5Y)Total return, distributions reinvested | -17.9% | -25.3% |
| Beta | 0.26 | 0.94 |
| Sharpe ratio | 0.66 | 1.10 |
| Sortino ratio | 1.18 | 1.92 |
| AlgovestIQ | ||
| AIQ Score | 61/100 | 63/100 |
| AIQ Edge Score | 8/10 | 9/10 |
| Momentum | 65/100 | 60/100 |
| Risk Resilience | 72/100 | 85/100 |
AlgovestIQ AIQ Comparison
Invesco High Yield Equity Dividend Achievers ETF vs First Trust Rising Dividend Achievers ETF
RDVY leads
RDVY leads by 2 AIQ points, primarily on Quality and Risk Resilience.
Fragile: 1 of 4 evidence groups support RDVY, and its signal state is cleanly positive.
Invesco High Yield Equity Dividend Achievers ETF
First Trust Rising Dividend Achievers ETF
The Algovestiq AIQ Score currently favors RDVY over PEY, 63 versus 61 as of Oct 21, 2026. RDVY's advantage is driven primarily by stronger quality and risk resilience, while PEY holds the stronger value profile. RDVY also shows the stronger technical structure relative to its 50-day moving average. 1 of 4 covered evidence groups favor RDVY today, and the comparison is rated Fragile on stability: the AIQ gap is narrow at 2 points. RDVY lead: Stable — the AIQ differential has held near 2 points over 30 sessions.
Compare Invesco High Yield Equity Dividend Achievers ETF and First Trust Rising Dividend Achievers ETF across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
PEY vs RDVY: which fits what
Each row is settled by a single measure. Where the gap is too small to matter it reads Similar, and no row decides the comparison as a whole.
| If you want | PEY | RDVY | Fits |
|---|---|---|---|
| Lower costExpense ratio | 0.68% | 0.47% | RDVY |
| Broader diversificationNumber of holdings | 54 | 72 | RDVY |
| Lower concentrationWeight of the 10 largest holdings | 30.5% | 24.1% | RDVY |
| Higher incomeTrailing 12-month distribution yield | 4.45% | 0.85% | PEY |
| Smaller drawdownsMax drawdown, 5 years | -17.9% | -25.3% | PEY |
| Lower volatilityAnnualized volatility, 1 year | 13.8% | 14.3% | Similar |
Similar means the gap is within 0.01 percentage points of expense ratio, 25% more holdings, 3 points of top-10 weight, 0.2 points of yield, 2 points of drawdown or 1 point of volatility. Past drawdowns and volatility describe the funds’ history, not their future.
Performance over time
Total return with distributions reinvested, from daily closes for both ETFs.
Total return comparison
Growth of $10,000, distributions reinvested
Split-adjusted closes; each distribution is reinvested at the close on its ex-dividend date. Taxes and trading costs are not modeled.
Compare PEY and RDVY against another ticker
Open a multi-ticker workspace without changing this focused pair page.
AIQ Factor Divergence
Where the two separate, on the four dimensions behind the AIQ Score. Bars read outward from a shared zero: further from the centre is a wider gap.
- Quality47 vs 61RDVY +14
- Risk Resilience72 vs 85RDVY +13
- Value66 vs 58PEY +8
- Momentum65 vs 60PEY +5
1 of 4 evidence groups favor RDVY. RDVY’s edge is concentrated in quality and risk resilience; PEY keeps a meaningful value edge.
What changed since the last close
Latest scored session 2026-10-20, compared against the prior scored session 2026-10-19.
Largest factor move: Momentum +10
New signals
- Bollinger Band Squeeze — neutral, volatility, short horizon
Largest factor move: Momentum +7
No signal started or stopped since the prior session; its 4 active signals are unchanged.
RDVY's lead narrowed by 1 AIQ point in the latest session.
Deeper signal detail for each name lives on its own signals page — PEY and RDVY both carry a full feed there.
The central trade-off
RDVY (First Trust Rising Dividend Achievers ETF): the stronger current systematic profile, led by quality and risk resilience.
PEY (Invesco High Yield Equity Dividend Achievers ETF): the counter-case, on value, momentum, valuation.
Fund facts, side by side
Two funds tracking overlapping universes are separated by cost and risk far more than by holdings. Those lead here.
| Measure | PEY | RDVY | Why it matters |
|---|---|---|---|
| Expense ratio | 0.68% | 0.47% | Lower is better — it compounds against you every year you hold. |
| Holdings | 54 | 72 | More holdings means broader diversification, not better returns. |
| Average volume | 286,737 | 1,098,784 | Liquidity — matters most if you trade size. |
| Annualized volatility | 13.8% | 14.3% | Lower is a steadier ride for the same exposure. |
| Max drawdown (1Y) | -9.7% | -9.3% | The worst peak-to-trough loss over the past year. |
| Sharpe ratio | 0.66 | 1.10 | Return per unit of risk. Higher is better. |
| Beta | 0.26 | 0.94 | Sensitivity to the broad market. Neither direction is better — it depends on the role in your portfolio. |
Where the exposure actually sits
Sector exposure for each fund, ordered by the size of the difference.
How much of the same holdings they own
PEY and RDVY share 1.59% of their weighted exposure across 1 common holdings.
50 holdings are unique to PEY, and 70 holdings are unique to RDVY. Owning both is genuinely additive — most of the capital sits in different securities.
PEY is the more concentrated of the two: its ten largest positions are 30.49% of the fund, against 24.12% for RDVY (54 holdings vs 72). Concentration cuts both ways — it is what drives outperformance when the top names work, and what makes the drawdown deeper when they do not.
Largest shared positions
| Holding | PEY | RDVY | Shared |
|---|---|---|---|
| USBU.S. Bancorp | 1.59% | 1.64% | 1.59% |
Shared weight is the lower of the two positions — the portion of capital both funds genuinely have in the same security.
What PEY adds that RDVY doesn’t
| Holding | PEY | RDVY |
|---|---|---|
| PRGOPerrigo Co PLC | 4.63% | Not held |
| RHIRobert Half Inc | 3.91% | Not held |
| NSPInsperity Inc | 3.89% | Not held |
| FLOFlowers Foods Inc | 3.03% | Not held |
| LYBLyondellBasell Industries NV | 2.68% | Not held |
| PFEPfizer Inc | 2.68% | Not held |
What RDVY adds that PEY doesn’t
| Holding | RDVY | PEY |
|---|---|---|
| LRCXLam Research Corporation | 3.09% | Not held |
| AMATApplied Materials, Inc. | 2.99% | Not held |
| KLACKLA Corporation | 2.47% | Not held |
| BNYThe Bank of New York Mellon Corporation | 2.46% | Not held |
| TRVThe Travelers Companies, Inc. | 2.26% | Not held |
| GEVGE Vernova Inc. | 2.24% | Not held |
Each list is a fund’s largest positions by weight that the other fund does not hold, or holds at less than half the weight.
PEY vs RDVY: five-year payout growth
PEY grew its split-adjusted payout faster over 2020-2025 — 5.75% a year against RDVY's 4.79%. RDVY: The payout jumped 80.0% in 2022, a single step rather than steady compounding - often an index or mandate change.
| Dividend metric | PEY | RDVY |
|---|---|---|
| 5Y payout CAGR | 5.75% | 4.79% |
| 2020 annual payout | $0.748 | $0.612 |
| 2025 annual payout | $0.989 | $0.773 |
| Calendar-year declines | 1 | 3 |
| Peer rank | #15 of 33 | #18 of 33 |
Split-adjusted annual distributions, 2020–2025. Research as of Sep 19, 2026. Yield and expense ratio above are current values, not part of this window.
AIQ Agreement Matrix
1 of 4 covered evidence groups favor RDVY. A wide gap backed by one group is a weaker case than a narrow gap backed by five.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | Even | 61 vs 63 |
| Fundamentals | Not covered | Not covered |
| Valuation | PEY | Value 66 vs 58 |
| Technicals | Even | Price vs 50-day -1.9% vs -0.9%; vs 200-day 3.8% vs 4.6% |
| Risk Resilience | RDVY | Risk Resilience 72 vs 85 |
| Analyst expectations | Not covered | Not covered |
✓ agrees with the overall verdict · ✕ points the other way. Groups marked “not covered” lack data on one or both of PEY and RDVY and are excluded from the count.
AIQ Decision Stability
The conclusion is sensitive to small changes. Treat the lead as provisional and watch the flip conditions below.
- The AIQ gap is narrow at 2 points. (argues the conclusion is provisional)
- Only 1 of 4 covered evidence groups agree. (argues the conclusion is provisional)
- The lead has been steady session to session. (supports the conclusion holding)
- The leader's signal state is cleanly positive. (supports the conclusion holding)
Stability combines the score gap, how broadly the evidence agrees, how steady the lead has been across daily snapshots, the current signal state on both names, and analyst dispersion on RDVY.
How the comparison changed
95 daily snapshots · Jun 22 – Oct 20RDVY lead: Stable — the AIQ differential has held near 2 points over 30 sessions.
- Today
- RDVY +2
- 61 vs 63
- 7 sessions ago
- RDVY +1
- 60 vs 61
- 30 sessions ago
- RDVY +4
- 53 vs 57
- 90 sessions ago
- RDVY +8
- 57 vs 65
The lead changed hands 4 times in this window, most recently on Sep 2 when RDVY moved ahead of PEY.
AIQ Signal Divergence
Only the signals that bear on the head-to-head. A conflicted name is carrying bullish and bearish rules at the same time — the technical evidence is not pointing one way.
PEY and RDVY carry the same 4 signals, so the signals do not separate them: Bollinger Band Squeeze, Golden Cross Active, ATR Contraction - Coiling, MACD Bullish Crossover.
Price vs model alignment
Whether the latest session's price move confirms what the model did over the same session, or contradicts it.
Price is down while the AIQ Score moved up 2 points over the same session — price and model disagree (price -0.32%, AIQ +2 points).
Price and the AIQ Score both moved up over the latest session (price +0.31%, AIQ +1 points).
What would flip this result
A state, not a forecast. These are the specific, observable changes that would reverse the verdict — not a price prediction.
- 1PEY closes the Quality gap — currently 14 points behind, the largest single contributor to RDVY's edge.
- 2PEY's Bollinger Band Squeeze turns directional — it is neutral today and would confirm a change in trend.
- 3RDVY's Golden Cross Active breaks down — it is the strongest rule currently supporting the verdict.
- 4A regime shift changes factor weighting — Quality and Value carry the heaviest weights in the composite, so a rotation toward either would move the result most.
The full evidence
Every number behind the verdict. The leader is called above each group so you are not left to solve it from the table.
Performance
Split across windows| Metric | PEY | RDVY |
|---|---|---|
| 1 week (5 sessions) | 2.1% | 0.1% |
| 1 month (20 sessions) | 0.7% | 0.1% |
| 3 months (63 sessions) | -3.2% | -0.5% |
| 6 months (126 sessions) | 6.6% | 6.9% |
| Year to date | 15.8% | 14.6% |
| 1 year (252 sessions) | 13.4% | 21.1% |
Technicals
Split| Metric | PEY | RDVY |
|---|---|---|
| RSI (14) | 69.9 | 63.1 |
| ADX (14) | 32.7 | 15.7 |
| Price vs 50-day | -1.9% | -0.9% |
| Price vs 200-day | 3.8% | 4.6% |
| Volatility (1M, annualized) | 12.9% | 9.6% |
Risk
RDVY is the more resilient| Metric | PEY | RDVY |
|---|---|---|
| Beta | 0.26 | 0.94 |
| Sharpe ratio | 0.66 | 1.1 |
| Sortino ratio | 1.18 | 1.92 |
| Max drawdown | -9.7% | -9.3% |
| Current drawdown | -6.6% | -5.1% |
| Annualized volatility | 13.8% | 14.3% |
| Value at risk (95%) | -1.4% | -1.4% |
Straight answers
Short answers to the questions fund investors ask about this pair, from the figures above.
What is the difference between PEY and RDVY?
PEY and RDVY have little in common: 2% of their weight is in the same securities.
How much do PEY and RDVY overlap?
PEY and RDVY share 1.59% of their weighted exposure across 1 common holdings. 50 holdings are unique to PEY, and 70 holdings are unique to RDVY. Owning both is genuinely additive — most of the capital sits in different securities.
Which ETF is more diversified, PEY or RDVY?
RDVY holds more positions: 72 versus 54 for PEY.
Which has the lower expense ratio?
RDVY has the lower expense ratio, 0.47% a year against 0.68% for PEY.
Which ETF has the higher distribution yield?
PEY, with a trailing 12-month distribution yield of 4.45% against 0.85% for RDVY.
Which ETF has been more volatile?
Their volatility over the past year is similar: 13.8% annualized for PEY and 14.3% for RDVY.
Which ETF has had the smaller drawdown?
PEY fell less from peak to trough over the past five years: -17.9% against -25.3% for RDVY.
Compare PEY and RDVY with others
Continue your research
This page answers which of the two. These answer the questions on either side of it.
How this comparison is scored
The Algovestiq AIQ Score composites four factors — Quality, Value, Momentum and Risk, each carrying a fixed weight. Sentiment is reported separately as SentimentPulse and is not folded into the composite. Scores refresh every trading day, and this page regenerates from the latest snapshot rather than being written once.
The verdict names a leader, states how broadly six independent evidence groups agree, and rates how durable that conclusion is given the score gap, its recent trajectory and the current signal state on both names.
How to use side-by-side comparison →This comparison is informational and educational, not investment advice. AIQ scores update daily; re-check after earnings, guidance or macro data that materially changes either name’s factor profile.