ASCI vs. PDN
ASCI (abrdn International Small Cap Active ETF) and PDN (Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF) are both Foreign Small & Mid Cap Equities funds. ASCI is actively managed, while PDN is passively managed. Their correlation of 0.84 suggests significant overlap in exposure. ASCI charges 0.70%/yr vs 0.49%/yr for PDN.
Performance
ASCI vs. PDN - Performance Comparison
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Returns By Period
In the year-to-date period, ASCI achieves a 4.49% return, which is significantly lower than PDN's 7.41% return.
ASCI
- 1D
- -2.81%
- 1M
- -4.17%
- YTD
- 4.49%
- 6M
- 3.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PDN
- 1D
- -2.19%
- 1M
- -3.17%
- YTD
- 7.41%
- 6M
- 7.22%
- 1Y
- 22.25%
- 3Y*
- 17.73%
- 5Y*
- 6.30%
- 10Y*
- 8.78%
ASCI vs. PDN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ASCI abrdn International Small Cap Active ETF | 4.49% | 1.37% |
PDN Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF | 7.41% | 4.38% |
Correlation
The correlation between ASCI and PDN is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 20, 2025 | 0.84 |
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Return for Risk
ASCI vs. PDN — Risk / Return Rank
ASCI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PDN
ASCI vs. PDN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn International Small Cap Active ETF (ASCI) and Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ASCI | PDN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.99 | — |
| Martin ratioReturn relative to average drawdown | — | 7.45 | — |
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Drawdowns
ASCI vs. PDN - Drawdown Comparison
The maximum ASCI drawdown since its inception was -11.22%, smaller than the maximum PDN drawdown of -59.32%. Use the drawdown chart below to compare losses from any high point for ASCI and PDN.
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Drawdown Indicators
| ASCI | PDN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.22% | -59.32% | +48.10% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.26% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.25% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.68% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.94% | — |
Current DrawdownCurrent decline from peak | -5.47% | -5.11% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -11.57% | +9.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.99% | — |
Volatility
ASCI vs. PDN - Volatility Comparison
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Volatility by Period
| ASCI | PDN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.67% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.10% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.38% | 15.37% | +4.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.38% | 16.47% | +2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.38% | 16.96% | +2.42% |
ASCI vs. PDN - Expense Ratio Comparison
ASCI has a 0.70% expense ratio, which is higher than PDN's 0.49% expense ratio.
Dividends
ASCI vs. PDN - Dividend Comparison
ASCI's dividend yield for the trailing twelve months is around 0.77%, less than PDN's 3.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASCI abrdn International Small Cap Active ETF | 0.77% | 0.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PDN Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF | 3.32% | 3.36% | 3.36% | 3.16% | 2.68% | 2.42% | 1.79% | 2.60% | 2.21% | 2.42% | 2.16% | 2.06% |
Frequently Asked Questions
ASCI and PDN have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PDN is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PDN is cheaper with a 0.49% expense ratio, compared with 0.70% for ASCI.
PDN has the higher dividend yield at 3.32%, compared with 0.77% for ASCI.
They also come from different issuers: abrdn and Invesco. Their fees differ too: 0.70% for ASCI and 0.49% for PDN.
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