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DXU.TO vs. PDC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DXU.TO vs. PDC.TO

Last updated Jun 25, 2026

DXU.TO (Dynamic Active U.S. Dividend ETF) and PDC.TO (Invesco Canadian Dividend Index ETF) are both Dividend funds. Over the past 5 years, DXU.TO returned 14.80%/yr vs 13.76%/yr for PDC.TO. At a 0.38 correlation, their price movements are largely independent. DXU.TO charges 0.75%/yr vs 0.58%/yr for PDC.TO.

Performance

DXU.TO vs. PDC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Dynamic Active U.S. Dividend ETF (DXU.TO) and Invesco Canadian Dividend Index ETF (PDC.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DXU.TO achieves a 27.19% return, which is significantly higher than PDC.TO's 21.92% return.

DXU.TO

1D
-0.03%
1M
7.62%
YTD
27.19%
6M
26.13%
1Y
38.88%
3Y*
27.90%
5Y*
14.80%
10Y*
—

PDC.TO

1D
-0.48%
1M
2.22%
YTD
21.92%
6M
18.03%
1Y
38.31%
3Y*
23.00%
5Y*
13.76%
10Y*
11.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DXU.TO vs. PDC.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DXU.TO
Dynamic Active U.S. Dividend ETF		27.19%9.36%38.05%9.43%-14.92%14.93%24.17%17.48%12.64%8.14%
PDC.TO
Invesco Canadian Dividend Index ETF		21.92%21.80%16.38%6.97%-4.17%30.14%-5.48%25.00%-11.85%4.43%

Correlation

The correlation between DXU.TO and PDC.TO is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.31

Correlation (3Y)
Calculated over the trailing 3-year period

0.28

Correlation (5Y)
Calculated over the trailing 5-year period

0.33

Correlation (All Time)
Calculated using the full available price history since Oct 3, 2017

0.38

DXU.TO vs. PDC.TO - Sectors Allocation Comparison

Sectors
DXU.TO
PDC.TO

Industrials

34.7%
1.1%

Technology

25.3%
0.7%

Financial Services

15.5%
44.8%

Consumer Cyclical

8.1%
6.6%

Basic Materials

6.5%
3.5%

Healthcare

5.0%

-

Communication Services

3.0%
5.0%

Energy

2.0%
21.2%

Consumer Defensive

-

0.9%

Real Estate

-

2.4%

Utilities

-

13.9%

Industrials

DXU.TO
34.7%
PDC.TO
1.1%

Technology

DXU.TO
25.3%
PDC.TO
0.7%

Financial Services

DXU.TO
15.5%
PDC.TO
44.8%

Consumer Cyclical

DXU.TO
8.1%
PDC.TO
6.6%

Basic Materials

DXU.TO
6.5%
PDC.TO
3.5%

Healthcare

DXU.TO
5.0%
PDC.TO

-

Communication Services

DXU.TO
3.0%
PDC.TO
5.0%

Energy

DXU.TO
2.0%
PDC.TO
21.2%

Consumer Defensive

DXU.TO

-

PDC.TO
0.9%

Real Estate

DXU.TO

-

PDC.TO
2.4%

Utilities

DXU.TO

-

PDC.TO
13.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Dynamic Active U.S. Dividend ETF

Invesco Canadian Dividend Index ETF

Often compared with DXU.TO:
DXU.TO vs. ZDIV.TODXU.TO vs. DXQ.TODXU.TO vs. VDY.TODXU.TO vs. CWIN.TODXU.TO vs. DXBB.TODXU.TO vs. TBNK.TODXU.TO vs. DXMO.TO
Often compared with PDC.TO:
PDC.TO vs. XDIV.TOPDC.TO vs. RCD.TOPDC.TO vs. VDY.TOPDC.TO vs. PDIV.TOPDC.TO vs. RBNK.TOPDC.TO vs. XDV.TOPDC.TO vs. DFND

Return for Risk

DXU.TO vs. PDC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DXU.TO
DXU.TO Risk / Return Rank: 7474
Overall Rank
DXU.TO Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
DXU.TO Sortino Ratio Rank: 6464
Sortino Ratio Rank
DXU.TO Omega Ratio Rank: 7171
Omega Ratio Rank
DXU.TO Calmar Ratio Rank: 8686
Calmar Ratio Rank
DXU.TO Martin Ratio Rank: 7777
Martin Ratio Rank
PDC.TO
PDC.TO Risk / Return Rank: 9797
Overall Rank
PDC.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
PDC.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
PDC.TO Omega Ratio Rank: 9797
Omega Ratio Rank
PDC.TO Calmar Ratio Rank: 9797
Calmar Ratio Rank
PDC.TO Martin Ratio Rank: 9797
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DXU.TO vs. PDC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dynamic Active U.S. Dividend ETF (DXU.TO) and Invesco Canadian Dividend Index ETF (PDC.TO). 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.

DXU.TOPDC.TODifference
Sharpe ratioReturn per unit of total volatility
1.99
4.60

-2.61

Sortino ratioReturn per unit of downside risk
2.58
5.96

-3.38

Omega ratioGain probability vs. loss probability

1.36

1.94

-0.57

Calmar ratioReturn relative to maximum drawdown

4.27

9.96

-5.69

Martin ratioReturn relative to average drawdown

12.82

36.92

-24.09

DXU.TO vs. PDC.TO - Sharpe Ratio Comparison

The current DXU.TO Sharpe Ratio is 1.99, which is lower than the PDC.TO Sharpe Ratio of 4.60. The chart below compares the historical Sharpe Ratios of DXU.TO and PDC.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

DXU.TO vs. PDC.TO - Drawdown Comparison

The maximum DXU.TO drawdown since its inception was -29.23%, smaller than the maximum PDC.TO drawdown of -41.93%. Use the drawdown chart below to compare losses from any high point for DXU.TO and PDC.TO.

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Drawdown Indicators

DXU.TOPDC.TODifference

Max Drawdown

Largest peak-to-trough decline

-29.23%

-41.93%

+12.70%

Max Drawdown (1Y)

Largest decline over 1 year

-9.15%

-3.86%

-5.29%

Max Drawdown (3Y)

Largest decline over 3 years

-23.80%

-10.85%

-12.95%

Max Drawdown (5Y)

Largest decline over 5 years

-24.83%

-17.98%

-6.85%

Max Drawdown (10Y)

Largest decline over 10 years

—

-41.93%

—

Current Drawdown

Current decline from peak

-2.32%

-0.48%

-1.84%

Average Drawdown

Average peak-to-trough decline

-6.65%

-4.50%

-2.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.04%

1.04%

+2.00%

Volatility

DXU.TO vs. PDC.TO - Volatility Comparison

Dynamic Active U.S. Dividend ETF (DXU.TO) has a higher volatility of 9.26% compared to Invesco Canadian Dividend Index ETF (PDC.TO) at 2.34%. This indicates that DXU.TO's price experiences larger fluctuations and is considered to be riskier than PDC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DXU.TOPDC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

9.26%

2.34%

+6.92%

Volatility (6M)

Calculated over the trailing 6-month period

15.69%

7.29%

+8.40%

Volatility (1Y)

Calculated over the trailing 1-year period

19.78%

8.37%

+11.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.51%

10.84%

+7.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.69%

15.27%

+4.42%

DXU.TO vs. PDC.TO - Expense Ratio Comparison

DXU.TO has a 0.75% expense ratio, which is higher than PDC.TO's 0.58% expense ratio.

Dividends

DXU.TO vs. PDC.TO - Dividend Comparison

DXU.TO has not paid dividends to shareholders, while PDC.TO's dividend yield for the trailing twelve months is around 3.24%.

PositionTTM20252024202320222021202020192018201720162015
DXU.TO
Dynamic Active U.S. Dividend ETF		0.00%0.00%0.00%0.00%0.21%0.00%0.00%0.00%0.00%0.11%0.00%0.00%
PDC.TO
Invesco Canadian Dividend Index ETF		3.24%3.96%4.48%4.77%4.24%3.65%5.07%4.33%5.12%4.23%3.77%4.39%

Frequently Asked Questions

DXU.TO and PDC.TO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, PDC.TO is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.

PDC.TO is cheaper with a 0.58% expense ratio, compared with 0.75% for DXU.TO.

They also come from different issuers: Dynamic and Invesco. Their fees differ too: 0.75% for DXU.TO and 0.58% for PDC.TO.

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