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PEY vs SDY: how they differ

PEY and SDY hold 14% of their weight in the same names, and PEY returned +14.8% over the year. Invesco High Yield Equity Dividend Achievers ETF and State Street SPDR S&P Dividend ETF.

SDY costs 0.33 points a year less; their one-year returns differ by 4.8 points; SDY is 19.4 times larger.

PEYSDY
Expense ratio0.68%0.35%
Net assets, PEY as of Oct 9, 2026 and SDY as of Oct 8, 2026$1.1bn$20.8bn
Total return, 1 year+14.8%+10.0%
Holdings in common14%
Nasdaq-100, total return, 1 year+23.6%
Top ten holdings, share of the fund29.6%20.5%
Below its high8.8%, high on Aug 26, 20265.8%, high on Aug 24, 2026

Holdings in common uses holdings dated Oct 8, 2026.

+14.8%
PEY total return, 1 year
+10.0%
SDY total return, 1 year
0.68%
PEY expense ratio
0.35%
SDY expense ratio

What they hold in common

By the books each fund has filed, PEY and SDY hold 14% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Oct 8, 2026.

half

14% in common

Positions both hold, largest shared weight first
Holding PEY SDY
Verizon Communications Inc 2.45% 3.09%
Chevron Corp 1.66% 2.11%
Kimberly-Clark Corp 2.02% 1.44%
Target Corp 1.30% 1.76%
Eversource Energy 1.95% 1.05%
T Rowe Price Group Inc 2.05% 0.96%
Edison International 3.10% 0.85%
Best Buy Co Inc 2.49% 0.66%
Stanley Black & Decker Inc 1.51% 0.64%
J M Smucker Co/The 1.45% 0.53%
Franklin Templeton Inc 1.74% 0.45%
Clorox Co/The 2.06% 0.44%
Only in PEY
Flowers Foods Inc 3.67%
Universal Corp/VA 3.25%
Altria Group Inc 3.09%
Pfizer Inc 2.79%
United Parcel Service Inc 2.69%
Main Street Capital Corp 2.32%
LyondellBasell Industries NV 2.32%
AES Corp/The 2.29%
Only in SDY
ACCENTURE PLC CL A 3.49%
REALTY INCOME CORP 1.96%
PEPSICO INC 1.85%
MEDTRONIC PLC 1.77%
AUTOMATIC DATA PROCESSING 1.52%
KENVUE INC 1.49%
BECTON DICKINSON AND CO 1.49%
EXXONMOBIL HOLDINGS CORP 1.47%

Check overlap with more funds →

On the same fields

PEY
Invesco High Yield Equity Dividend Achievers ETF
SDY
State Street SPDR S&P Dividend ETF
Where it sits Stock ETF Stock ETF
Issuer Invesco State Street
What it is Tracks an index Tracks the S&P Dividend
Total return, 1 year +14.8% +10.0%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 −2.5 pts −7.3 pts
Expense ratio 0.68% 0.35%
Already in the S&P 500 50.6% 84.4%
Holdings 52 156
Net assets, PEY as of Oct 9, 2026 and SDY as of Oct 8, 2026 $1.1bn $20.8bn

PEY and SDY on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

PEY in plain words

PEY tracks an index. Over the year to Oct 9, 2026 it returned +14.8% with distributions reinvested, against +17.3% for the S&P 500 and +23.6% for the Nasdaq-100. The prospectus expense ratio is 0.68% a year. By its holdings published by its issuer for Oct 8, 2026, 51% of the fund by weight is stocks the S&P 500 also holds, across 52 positions, with the top ten at 29.6%. It sat 8.8% below its high of Aug 26, 2026 on Oct 9, 2026.

SDY in plain words

SDY tracks the S&P Dividend. Over the year to Oct 9, 2026 it returned +10.0% with distributions reinvested, against +17.3% for the S&P 500 and +23.6% for the Nasdaq-100. The prospectus expense ratio is 0.35% a year. By its holdings published by its issuer for Oct 8, 2026, 84% of the fund by weight is stocks the S&P 500 also holds, across 156 positions, with the top ten at 20.5%. It sat 5.8% below its high of Aug 24, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, PEY or SDY?
In the year to Oct 9, 2026, with distributions reinvested, PEY returned +14.8% and SDY +10.0%.
Which is cheaper, PEY or SDY?
SDY is cheaper, by 0.33 percentage points a year. On $10,000 held for a year that difference is about $33. Fees come from each fund's prospectus.
How much do PEY and SDY overlap with the S&P 500?
By their latest filed holdings, 51% of PEY and 84% of SDY by weight is stocks the S&P 500 already holds.
Other comparisons
DVY vs PEYPEY vs VOECOWZ vs PEYIJJ vs PEYFTXR vs SDYFTA vs SDYDHS vs SDYFEX vs SDY
PEY on its own →SDY on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
PEY filings on SEC EDGAR ↗PEY prospectus with the expense ratio (SEC) ↗Invesco page for PEY ↗SDY filings on SEC EDGAR ↗SDY prospectus with the expense ratio (SEC) ↗State Street website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

Cite this page

ETFIQ, PEY against SDY, data as of Oct 9, 2026. https://etfiq.com/compare/any/pey-vs-sdy

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.