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PEYvsPAPIETF Comparison

ETF 1

PEY

Invesco High Yield Equity Dividend Achievers™ ETF

This fund is part of

US High Dividend

-0.32%

Full PEY fund page

VS

ETF 2

PAPI

Parametric Equity Premium Income ETF

This fund is part of

Options Strategies

-0.04%

Full PAPI fund page

Invesco High Yield Equity Dividend Achievers™ ETF (PEY) belongs to the US High Dividend segment. Parametric Equity Premium Income ETF (PAPI) is part of the Options Strategies segment. PEY's top 3 sector exposures are Financials, Consumer Staples and Industrials. In contrast, PAPI's top sector exposures are Energy, Information Technology and Consumer Discretionary. PEY is more expensive with a Total Expense Ratio (TER) of 0.54%, versus 0.29% for PAPI. PEY is up 9.52% year-to-date (YTD) with -$54M in YTD flows. PAPI performs worse with 5.1% YTD performance, and +$86M in YTD flows. Run a side-by-side ETF comparison of PEY and PAPI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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PEY vs PAPI performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/27/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PEY PAPI	+4.90%-1.75%	+3.87%+0.02%	+9.52%+5.10%	+16.13%+13.05%	+28.21%n/a	+34.55%n/a
Flows	PEY PAPI	+$1M+$34M	-$35M+$77M	-$54M+$86M	-$155M+$172M	-$499M-	+$87M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PEY PAPI	+12.43%+10.17%	+14.47%+10.37%	+16.44%n/a	+16.35%n/a
Max drawdown	PEY PAPI	-7.39%-5.39%	-8.91%-5.39%	-17.92%n/a	-17.92%n/a
Max drawdown duration	PEY PAPI	68d53d	142d53d	434dn/a	434dn/a

Trading data

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	PEY	PAPI
Last sale 4/28/2026 at 1:30 PM	$22.21	$26.67
Previous close 04/27/2026	$21.99	$26.64
Consolidated volume 04/27/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

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PAPI

is actively managed and doesn’t replicate an index

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	PEY	PAPI
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/28/2026 at 1:30 PM

Live

Closed

	PEY	PAPI
Last price	$22.21	$26.67
1D performance	+1.00%	+0.11%
AuM	$1.04 B	$362.95 M
E/R	0.54%	0.29%

Characteristics

	PEY	PAPI
Management strategy	Passive	Active
Provider	Invesco	Morgan Stanley
Benchmark	NASDAQ US Dividend Achievers 50 Index	-
N° of holdings	50	183
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	December 9, 2004	October 19, 2023
ESG	No	No

More PEY data on Trackinsight

More PAPI data on Trackinsight

Exposure

Countries

PEY

USA

91.89%

Other

8.11%

PAPI

USA

88.73%

Other

11.27%

Sectors

PEY

Financials

20.71%

Consumer Staples

15.68%

Industrials

13.53%

Utilities

12.5%

Materials

8.67%

Consumer Discreti.

8.14%

Other

20.77%

PAPI

Energy

11.8%

Information Techn.

11.24%

Consumer Discreti.

10.11%

Utilities

9.9%

Materials

9.88%

Industrials

9.4%

Other

37.67%

Diversification

PEY

Total weight of top 15 holdings out of 15

44.22%

PAPI

Total weight of top 15 holdings out of 15

10.87%

Top 15 holdings

Data as of March 31, 2026

PEY

LYONDELLBASELL INDUSTRIES

5.49%

INSPERITY

4.95%

ROBERT HALF

4.07%

FLOWERS FOODS

3.50%

PERRIGO CO PLC

2.62%

HP

2.61%

BEST BUY

2.58%

PFIZER

2.52%

UNIVERSAL

2.47%

ALTRIA GROUP

2.40%

JOHN WILEY SONS

2.29%

VERIZON COMMUNICATIONS

2.27%

H&R BLOCK

2.19%

PRUDENTIAL FINL

2.17%

PEOPLE BANCORP

2.09%

PAPI

PATTERSON UTI

0.84%

US71424F1057

0.82%

CORNING

0.76%

VALERO ENERGY

0.75%

LYONDELLBASELL INDUSTRIES

0.74%

GB00BMXNWH07

0.73%

PHILLIPS 66

0.73%

MAGNOLIA OIL AND GAS CORP

0.72%

CHORD ENERGY CORPORATION

0.70%

EXXON

0.69%

DOW INC

0.69%

CHEVRON TEXACO

0.69%

INTERNATIONAL SEAWAYS

0.68%

ROYALTY PHARMA

0.67%

COTERRA ENERGY

0.67%

Frequently asked questions about PEY and PAPI

How have the PEY and PAPI ETFs performed in 2026?

As of April 27, 2026, PEY is up 9.52% year-to-date (YTD), while PAPI has returned 5.1%. That puts PEY better performer ahead so far this year.

Which ETF is attracting more investor money: PEY or PAPI?

Year-to-date, the PEY ETF saw -$54M in flows, compared to +$86M for PAPI.

Which ETF is more volatile: PEY or PAPI?

Over the past year, PEY had a volatility of 14.47%, while PAPI experienced 10.37%.

Which ETF is bigger: PEY or PAPI?

As of April 27, 2026, PEY holds $1.04 B in assets under management (AUM), while PAPI manages $362.95 M.

What sectors do the PEY and PAPI ETFs invest in?

PEY leans toward sectors like Financials, Consumer Staples and Industrials. Meanwhile, PAPI focuses on Energy, Information Technology and Consumer Discretionary.

PEYvsPAPIETF Comparison

Invesco High Yield Equity Dividend Achievers™ ETF

Parametric Equity Premium Income ETF

PEY vs PAPI performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the PEY and PAPI ETFs performed in 2026?

As of April 27, 2026, PEY is up 9.52% year-to-date (YTD), while PAPI has returned 5.1%. That puts PEY better performer ahead so far this year.

Which ETF is attracting more investor money: PEY or PAPI?

Year-to-date, the PEY ETF saw -$54M in flows, compared to +$86M for PAPI.

Which ETF is more volatile: PEY or PAPI?

Over the past year, PEY had a volatility of 14.47%, while PAPI experienced 10.37%.

Which ETF is bigger: PEY or PAPI?

As of April 27, 2026, PEY holds $1.04 B in assets under management (AUM), while PAPI manages $362.95 M.

What sectors do the PEY and PAPI ETFs invest in?

PEY leans toward sectors like Financials, Consumer Staples and Industrials. Meanwhile, PAPI focuses on Energy, Information Technology and Consumer Discretionary.

What are the top holdings of the PEY ETF and PAPI ETF?

PEY top holdings include LYONDELLBASELL INDUSTRIES, INSPERITY and ROBERT HALF. PAPI holds in its top three: PATTERSON UTI, US71424F1057 and CORNING.

Which ETF is more diversified: PEY or PAPI?

PEY holds 50 securities with 44.22% of its assets in the top 15. PAPI has 188 securities and a top 15 weight of 10.87%.

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