FVD vs PEY: Yield, Cost and Returns Compared
As of Nov 5, 2026, PEY yields more: 4.17% (dividend yield) against 2.17% for FVD. FVD is cheaper to own at 0.62% a year vs 0.68%. Over the same 18 years (Dec 2007 to Oct 2026), FVD returned 9.1% a year with distributions reinvested, and PEY 7.8%.
| Compared | FVD | PEY |
|---|---|---|
| YieldDividend yield | 2.17% | 4.17% |
| Expense ratio | 0.62% | 0.68% |
| Total return, 1 yr | +15.1% | +23.8% |
| Total return, 3 yr (a year) | +14.1% | +15.5% |
| Total return, 5 yr (a year) | +6.6% | +8.6% |
| Total return, 10 yr (a year) | +9.1% | +9.2% |
| Worst drop since Dec 2007 | -39.6% | -63.0% |
| Share price since Dec 2007 | +226% | +83% |
| Pays | Quarterly | Monthly |
| Issuer | First Trust | Invesco |
| Assets | $8.1B | $1.1B |
| Started | 2003 | 2004 |
| Type | Mid-Cap Value | Mid-Cap Value |
Higher yield
PEY
4.17%
Lower cost
FVD
0.62%
Better total return
FVD
9.1%/yr
Smaller worst drop
FVD
-39.6%
Key facts: FVD vs PEY
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, FVD yields 2.17% (dividend yield) and PEY yields 4.17% (dividend yield).
- FVD's expense ratio is 0.62% and PEY's is 0.68%: $62 vs $68 a year on $10,000.
- From Dec 2007 to Oct 2026, $10,000 in FVD grew to $51,957 (9.1% a year) and $10,000 in PEY to $40,819 (7.8% a year), distributions reinvested.
- Their worst month-end drops over that time: -39.6% for FVD and -63.0% for PEY.
- 0 of FVD's top ten holdings are also in PEY's top ten.
Cite this page
SmarterDividends, "FVD vs PEY: Yield, Cost and Returns Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/fvd-vs-pey
$10,000 in each, Dec 2007 to Oct 2026
Distributions reinvested, month-end values, with the S&P 500 for reference.
FVD became
$51,957
9.1% a year
PEY became
$40,819
7.8% a year
Year by year
| Year | FVD | PEY |
|---|---|---|
| 2025 | +8.2% | +0.6% |
| 2024 | +10.0% | +5.2% |
| 2023 | +4.1% | +7.3% |
| 2022 | −5.3% | +2.4% |
| 2021 | +25.1% | +26.2% |
| 2020 | −0.0% | −3.9% |
| 2019 | +26.5% | +24.8% |
| 2018 | −3.5% | −7.5% |
| 2017 | +12.4% | +8.8% |
| 2016 | +20.0% | +31.5% |
| 2015 | +1.2% | +2.3% |
| 2014 | +15.9% | +18.1% |
| 2013 | +26.8% | +30.5% |
| 2012 | +11.2% | +6.2% |
| 2011 | +8.9% | +8.6% |
| 2010 | +16.1% | +20.9% |
| 2009 | +19.1% | +3.5% |
| 2008 | −22.8% | −38.1% |
Total return each calendar year, distributions reinvested.
Top holdings
No overlap in the top ten.
FVD
- LECO Lincoln Electric Holdings Inc0.5%
- PPG PPG Industries Inc0.5%
- LHX L3Harris Technologies Inc0.4%
- AON Aon PLC Class A0.4%
- EMR Emerson Electric Co0.4%
- NVS Novartis AG ADR0.4%
- LOW Lowe's Companies Inc0.4%
- RPM RPM International Inc0.4%
- WMB Williams Companies Inc0.4%
- GILD Gilead Sciences Inc0.4%
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%
FVD vs PEY: questions
Is FVD or PEY better?
It depends on the job. PEY pays more today (4.17% vs 2.17%), FVD costs less, and FVD has the better total return over Dec 2007 to Oct 2026, with FVD 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, FVD or PEY?
PEY, at 4.17% against 2.17% for FVD as of Nov 5, 2026. On $10,000 that's about $417 vs $217 a year at today's rates.
Which has the better total return?
FVD. From Dec 2007 to Oct 2026, it returned 9.1% a year with distributions reinvested, against 7.8% for PEY. $10,000 became $51,957 vs $40,819.
Which is cheaper, FVD or PEY?
FVD, with a 0.62% expense ratio against 0.68%.
Do FVD and PEY hold the same things?
Not at the top: none of their top ten holdings match.
Yields, costs and holdings as each fund reports them (via Yahoo Finance), updated daily; returns from month-end prices with distributions reinvested. PEY leads on 5 of 8 measures above. For information only, not investment advice. Last fund data: Nov 5, 2026.