EQLI.TO vs. PDC.TO

Last updated Aug 4, 2026

EQLI.TO (Invesco S&P 500 Equal Weight Income Advantage ETF) and PDC.TO (Invesco Canadian Dividend Index ETF) are both exchange-traded funds - EQLI.TO is a S&P 500 fund tracking the S&P 500 Equal Weight Index, while PDC.TO is a Dividend fund tracking the NASDAQ Select Canadian Dividend Index. Both are passively managed. Over the past year, EQLI.TO returned 21.25% vs 38.86% for PDC.TO. Their 0.51 correlation means they have sometimes moved together and sometimes differently. EQLI.TO charges 0.29%/yr vs 0.58%/yr for PDC.TO.

Performance

EQLI.TO vs. PDC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO) and Invesco Canadian Dividend Index ETF (PDC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EQLI.TO achieves a 14.06% return, which is significantly lower than PDC.TO's 25.42% return.

EQLI.TO

• 1D: 0.31%
• 1M: -1.50%
• 6M: 11.40%
• YTD: 14.06%
• 1Y: 21.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.51%

PDC.TO

• 1D: -0.32%
• 1M: 2.24%
• 6M: 21.53%
• YTD: 25.42%
• 1Y: 38.86%
• 3Y*: 22.41%
• 5Y*: 14.54%
• 10Y*: 11.43%
• ALL TIME*: 10.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EQLI.TO Invesco S&P 500 Equal Weight Income Advantage ETF	CA$420.63K	CA$385.92K	CA$348.94K
PDC.TO Invesco Canadian Dividend Index ETF	CA$73.84K	CA$71.47K	CA$90.55K

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

	2026 (YTD)	2025	2024
EQLI.TO Invesco S&P 500 Equal Weight Income Advantage ETF	14.06%	6.41%	7.17%
PDC.TO Invesco Canadian Dividend Index ETF	25.42%	21.80%	7.34%

Correlation

The correlation between EQLI.TO and PDC.TO is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.51
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024	0.51

The correlation between EQLI.TO and PDC.TO has been stable across timeframes, ranging from 0.51 to 0.51 - a consistent structural relationship.

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

Sectors	EQLI.TO	PDC.TO
Technology	17.3%	0.7%
Industrials	15.7%	1.1%
Financial Services	13.9%	45.6%
Healthcare	12.0%	-
Consumer Cyclical	10.9%	6.7%
Consumer Defensive	6.3%	0.8%
Utilities	6.3%	14.2%
Real Estate	5.9%	2.4%
Communication Services	4.0%	4.4%
Basic Materials	3.9%	3.7%
Energy	3.8%	20.4%

Return for Risk

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

Compare historical risk-adjusted metric ranks over the past 12 months.

EQLI.TO

EQLI.TO Risk / Return Rank: 86
EQLI.TO Sharpe Ratio Rank: 86
EQLI.TO Sortino Ratio Rank: 88
EQLI.TO Omega Ratio Rank: 84
EQLI.TO Calmar Ratio Rank: 87
EQLI.TO Martin Ratio Rank: 87

PDC.TO

PDC.TO Risk / Return Rank: 98
PDC.TO Sharpe Ratio Rank: 98
PDC.TO Sortino Ratio Rank: 98
PDC.TO Omega Ratio Rank: 98
PDC.TO Calmar Ratio Rank: 98
PDC.TO Martin Ratio Rank: 98

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.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.

	EQLI.TO	PDC.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.14	4.44	-2.30
Sortino ratio: Return per unit of downside risk	3.10	5.75	-2.64
Omega ratio: Gain probability vs. loss probability	1.38	1.87	-0.49
Calmar ratio: Return relative to maximum drawdown	3.64	9.99	-6.35
Martin ratio: Return relative to average drawdown	13.55	36.59	-23.04

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

The current EQLI.TO Sharpe Ratio is 2.14, which is lower than the PDC.TO Sharpe Ratio of 4.44. The chart below compares the historical Sharpe Ratios of EQLI.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.

Drawdowns

EQLI.TO vs. PDC.TO - Drawdown Comparison

The maximum EQLI.TO drawdown since its inception was -15.56%, smaller than the maximum PDC.TO drawdown of -41.93%. Use the drawdown chart below to compare losses from any high point for EQLI.TO and PDC.TO.

Drawdown Indicators

	EQLI.TO	PDC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-15.56%	-41.93%	+26.37%
Max Drawdown (1Y) Largest decline over 1 year	-5.47%	-3.86%	-1.61%
Max Drawdown (3Y) Largest decline over 3 years	—	-10.43%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.98%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.93%	—
Current Drawdown Current decline from peak	-1.50%	-1.06%	-0.44%
Average Drawdown Average peak-to-trough decline	-2.32%	-4.47%	+2.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.47%	1.05%	+0.42%

Volatility

EQLI.TO vs. PDC.TO - Volatility Comparison

Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO) has a higher volatility of 2.95% compared to Invesco Canadian Dividend Index ETF (PDC.TO) at 2.78%. This indicates that EQLI.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.

Volatility by Period

	EQLI.TO	PDC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	2.78%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	6.87%	6.60%	+0.27%
Volatility (1Y) Calculated over the trailing 1-year period	9.33%	8.70%	+0.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.90%	10.85%	+1.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.90%	15.28%	-3.38%

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

EQLI.TO has a 0.29% expense ratio, which is lower than PDC.TO's 0.58% expense ratio.

Dividends

EQLI.TO vs. PDC.TO - Dividend Comparison

EQLI.TO's dividend yield for the trailing twelve months is around 8.20%, more than PDC.TO's 3.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EQLI.TO Invesco S&P 500 Equal Weight Income Advantage ETF	8.20%	8.74%	2.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PDC.TO Invesco Canadian Dividend Index ETF	3.17%	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

Can I hold both EQLI.TO and PDC.TO in my portfolio?

EQLI.TO and PDC.TO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EQLI.TO or PDC.TO?

On fees, EQLI.TO is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EQLI.TO or PDC.TO?

EQLI.TO is cheaper with a 0.29% expense ratio, compared with 0.58% for PDC.TO.

What is the main difference between EQLI.TO and PDC.TO?

EQLI.TO is categorized as S&P 500, while PDC.TO is Dividend. EQLI.TO tracks S&P 500 Equal Weight Index, while PDC.TO tracks NASDAQ Select Canadian Dividend Index. Their fees differ too: 0.29% for EQLI.TO and 0.58% for PDC.TO.