Is Invesco High Yield Equity Dividend Achievers ETF (PEY) a Strong ETF Right Now?

Core Insights - The Invesco High Yield Equity Dividend Achievers ETF (PEY) offers broad exposure to the Style Box - All Cap Value category, with a focus on dividend yield and consistent growth in dividends [1][5] - PEY has accumulated over $1.12 billion in assets, making it one of the largest ETFs in its category [5] - The fund has a 12-month trailing dividend yield of 4.57% and an annual operating expense ratio of 0.53% [6] Fund Characteristics - PEY seeks to match the performance of the NASDAQ US Dividend Achievers 50 Index, which consists of 50 stocks selected based on dividend yield [5] - The ETF has a significant allocation in the Financials sector, comprising approximately 23.9% of the portfolio, followed by Utilities and Consumer Staples [7] - The top 10 holdings account for about 28.89% of total assets, with Lyondellbasell Industries Nv (LYB) being the largest individual holding at 3.94% [8] Performance Metrics - Year-to-date, PEY has increased by roughly 2.11%, and it is up approximately 3.88% over the last 12 months as of August 22, 2025 [9] - The fund has a beta of 0.73 and a standard deviation of 17.33% over the trailing three-year period, indicating a medium risk profile [9] Alternatives - Other ETFs in the same space include Fidelity High Dividend ETF (FDVV) and iShares Core S&P U.S. Value ETF (IUSV), which have larger asset bases and lower expense ratios [11] - Investors may consider traditional market cap weighted ETFs for potentially lower-risk options that aim to match returns in the Style Box - All Cap Value segment [11]