DVY vs PEY: Yield, Cost and Returns Compared
As of Nov 5, 2026, PEY yields more: 4.17% (dividend yield) against 3.28% for DVY. DVY is cheaper to own at 0.38% a year vs 0.68%. Over the same 18 years (Dec 2007 to Oct 2026), DVY returned 8.9% a year with distributions reinvested, and PEY 7.8%.
DVYiShares Select Dividend ETF3.28%dividend yield| Compared | DVY | PEY |
|---|---|---|
| YieldDividend yield | 3.28% | 4.17% |
| Expense ratio | 0.38% | 0.68% |
| Total return, 1 yr | +20.9% | +23.8% |
| Total return, 3 yr (a year) | +20.1% | +15.5% |
| Total return, 5 yr (a year) | +10.5% | +8.6% |
| Total return, 10 yr (a year) | +10.7% | +9.2% |
| Worst drop since Dec 2007 | -51.9% | -63.0% |
| Share price since Dec 2007 | +152% | +83% |
| Pays | Quarterly | Monthly |
| Issuer | iShares | Invesco |
| Assets | $23.7B | $1.1B |
| Started | 2003 | 2004 |
| Type | Mid-Cap Value | Mid-Cap Value |
Higher yield
PEY
4.17%
Lower cost
DVY
0.38%
Better total return
DVY
8.9%/yr
Smaller worst drop
DVY
-51.9%
Key facts: DVY vs PEY
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, DVY yields 3.28% (dividend yield) and PEY yields 4.17% (dividend yield).
- DVY's expense ratio is 0.38% and PEY's is 0.68%: $38 vs $68 a year on $10,000.
- From Dec 2007 to Oct 2026, $10,000 in DVY grew to $49,734 (8.9% a year) and $10,000 in PEY to $40,819 (7.8% a year), distributions reinvested.
- Their worst month-end drops over that time: -51.9% for DVY and -63.0% for PEY.
- 2 of DVY's top ten holdings are also in PEY's top ten, an overlap of at least 5% of the fund.
Cite this page
SmarterDividends, "DVY vs PEY: Yield, Cost and Returns Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/dvy-vs-pey
$10,000 in each, Dec 2007 to Oct 2026
Distributions reinvested, month-end values, with the S&P 500 for reference.
DVY became
$49,734
8.9% a year
PEY became
$40,819
7.8% a year
Year by year
| Year | DVY | PEY |
|---|---|---|
| 2025 | +11.6% | +0.6% |
| 2024 | +16.2% | +5.2% |
| 2023 | +1.1% | +7.3% |
| 2022 | +1.8% | +2.4% |
| 2021 | +31.7% | +26.2% |
| 2020 | −4.9% | −3.9% |
| 2019 | +22.6% | +24.8% |
| 2018 | −6.4% | −7.5% |
| 2017 | +14.8% | +8.8% |
| 2016 | +21.6% | +31.5% |
| 2015 | −2.1% | +2.3% |
| 2014 | +14.8% | +18.1% |
| 2013 | +28.9% | +30.5% |
| 2012 | +10.5% | +6.2% |
| 2011 | +11.8% | +8.6% |
| 2010 | +17.8% | +20.9% |
| 2009 | +11.2% | +3.5% |
| 2008 | −32.9% | −38.1% |
Total return each calendar year, distributions reinvested.
Top holdings
2 of the top ten overlap, at least 5% of each fund.
DVY
- PFE Pfizer Inc2.5%
- MO Altria Group Inc2.4%
- HPQ HP Inc2.2%
- PRU Prudential Financial Inc2.1%
- TROW T. Rowe Price Group Inc2.0%
- OKE ONEOK Inc1.8%
- TGT Target Corp1.7%
- VZ Verizon Communications Inc1.7%
- CVX Chevron Corp1.6%
- KMB Kimberly-Clark Corp1.6%
PEY
- PRGO Perrigo Co PLC3.8%
- FLO Flowers Foods Inc3.7%
- MO Altria Group Inc3.2%
- EIX Edison International3.1%
- UVV Universal Corp3.0%
- UPS United Parcel Service Inc Class B2.9%
- PFE Pfizer Inc2.9%
- BBY Best Buy Co Inc2.6%
- LYB LyondellBasell Industries NV Class A2.5%
- AVA Avista Corp2.4%
DVY vs PEY: questions
Is DVY or PEY better?
It depends on the job. PEY pays more today (4.17% vs 3.28%), DVY costs less, and DVY has the better total return over Dec 2007 to Oct 2026, with DVY holding up better in its worst stretch. For income, look at yield and whether the payouts hold up; for growth, total return and drawdowns.
Which pays a higher dividend, DVY or PEY?
PEY, at 4.17% against 3.28% for DVY as of Nov 5, 2026. On $10,000 that's about $417 vs $328 a year at today's rates.
Which has the better total return?
DVY. From Dec 2007 to Oct 2026, it returned 8.9% a year with distributions reinvested, against 7.8% for PEY. $10,000 became $49,734 vs $40,819.
Which is cheaper, DVY or PEY?
DVY, with a 0.38% expense ratio against 0.68%.
Do DVY and PEY hold the same things?
Partly. 2 of their top ten holdings match (PFE, MO), at least 5% of each fund. Owning both doubles up on those.
Yields, costs and holdings as each fund reports them (via Yahoo Finance), updated daily; returns from month-end prices with distributions reinvested. DVY leads on 6 of 8 measures above. For information only, not investment advice. Last fund data: Nov 5, 2026.