Phenology and photosynthetic capacity both regulate carbon uptake by vegetation. Previous research investigating the impact of phenology on vegetation productivity has focused predominantly on the start and end of growing seasons (SOS and EOS), leaving the influence of peak phenology metrics—particularly in typical climatic transition zones—relatively unexplored. Using a 24-year (2000–2023) enhanced vegetation index (EVI) dataset from the Moderate Resolution Imaging Spectroradiometer (MODIS), we extracted and examined the spatiotemporal variation for peak of season (POS) and peak growth (defined as EVImax) of forest vegetation in the Funiu Mountain region, China. In addition to quantifying the factors influencing the peak phenology metrics, the relationship between vegetation productivity and peak phenological metrics (POS and EVImax) was investigated. Our findings reveal that POS and EVImax showed advancement and increase, respectively, negatively and positively correlated with vegetation productivity. This suggested that variations in EVImax and peak phenology both increase vegetation productivity. Our analysis also showed that EVImax was heavily impacted by precipitation, whereas SOS had the greatest effect on POS variation. Our findings highlighted the significance of considering climate variables as well as biological rhythms when examining the global carbon cycle and phenological shifts in response to climate change.