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GBDV.L vs. PDC.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

GBDV.L vs. PDC.TO

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR S&P Global Dividend Aristocrats UCITS (GBDV.L) and Invesco Canadian Dividend Index ETF (PDC.TO).

GBDV.L and PDC.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GBDV.L is a passively managed fund by State Street that tracks the performance of the S&P Global Dividend Aristocrats index. It was launched on May 14, 2013. PDC.TO is managed by Invesco.

Performance

GBDV.L vs. PDC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR S&P Global Dividend Aristocrats UCITS (GBDV.L) and Invesco Canadian Dividend Index ETF (PDC.TO). The values are adjusted to include any dividend payments, if applicable.

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GBDV.L vs. PDC.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
GBDV.L
SPDR S&P Global Dividend Aristocrats UCITS		4.45%10.06%9.77%1.90%5.38%17.41%-11.68%16.85%-2.63%9.30%
PDC.TO
Invesco Canadian Dividend Index ETF		9.76%18.37%8.84%3.72%-0.13%32.11%-6.64%26.00%-14.05%7.48%
Different Trading Currencies

GBDV.L is traded in GBP, while PDC.TO is traded in CAD. To make them comparable, the PDC.TO values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, GBDV.L achieves a 4.45% return, which is significantly lower than PDC.TO's 9.76% return. Over the past 10 years, GBDV.L has underperformed PDC.TO with an annualized return of 8.07%, while PDC.TO has yielded a comparatively higher 10.49% annualized return.

GBDV.L

1D
0.32%
1M
-3.39%
YTD
4.45%
6M
7.81%
1Y
13.67%
3Y*
10.34%
5Y*
7.97%
10Y*
8.07%

PDC.TO

1D
-0.05%
1M
-2.02%
YTD
9.76%
6M
12.50%
1Y
31.52%
3Y*
13.36%
5Y*
11.48%
10Y*
10.49%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

SPDR S&P Global Dividend Aristocrats UCITS

Invesco Canadian Dividend Index ETF

Often compared with GBDV.L:
GBDV.L vs. VHYL.ASGBDV.L vs. SDIVGBDV.L vs. VHYD.LGBDV.L vs. IUKD.LGBDV.L vs. XYLDGBDV.L vs. SCHYGBDV.L vs. FLXX.DE
Often compared with PDC.TO:
PDC.TO vs. XDIV.TOPDC.TO vs. VDY.TOPDC.TO vs. XDV.TOPDC.TO vs. VOOPDC.TO vs. DFNDPDC.TO vs. DWXPDC.TO vs. SOXQ

GBDV.L vs. PDC.TO - Expense Ratio Comparison

GBDV.L has a 0.45% expense ratio, which is lower than PDC.TO's 0.58% expense ratio.

PDC.TO
Invesco Canadian Dividend Index ETF
GBDV.L
SPDR S&P Global Dividend Aristocrats UCITS

Return for Risk

GBDV.L vs. PDC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GBDV.L
GBDV.L Risk / Return Rank: 6767
Overall Rank
GBDV.L Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
GBDV.L Sortino Ratio Rank: 6262
Sortino Ratio Rank
GBDV.L Omega Ratio Rank: 6262
Omega Ratio Rank
GBDV.L Calmar Ratio Rank: 7474
Calmar Ratio Rank
GBDV.L Martin Ratio Rank: 6868
Martin Ratio Rank
PDC.TO
PDC.TO Risk / Return Rank: 9696
Overall Rank
PDC.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
PDC.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
PDC.TO Omega Ratio Rank: 9898
Omega Ratio Rank
PDC.TO Calmar Ratio Rank: 9292
Calmar Ratio Rank
PDC.TO Martin Ratio Rank: 9696
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.

GBDV.L vs. PDC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Global Dividend Aristocrats UCITS (GBDV.L) 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.

GBDV.LPDC.TODifference

Sharpe ratio

Return per unit of total volatility

1.22

2.90

-1.68

Sortino ratio

Return per unit of downside risk

1.63

3.67

-2.04

Omega ratio

Gain probability vs. loss probability

1.24

1.57

-0.34

Calmar ratio

Return relative to maximum drawdown

2.11

4.77

-2.66

Martin ratio

Return relative to average drawdown

7.40

20.59

-13.19

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GBDV.L vs. PDC.TO - Sharpe Ratio Comparison

The current GBDV.L Sharpe Ratio is 1.22, which is lower than the PDC.TO Sharpe Ratio of 2.90. The chart below compares the historical Sharpe Ratios of GBDV.L and PDC.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

GBDV.LPDC.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.22

2.90

-1.68

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

0.92

-0.25

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.57

0.59

-0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

0.53

+0.11

Correlation

The correlation between GBDV.L and PDC.TO is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GBDV.L vs. PDC.TO - Dividend Comparison

GBDV.L's dividend yield for the trailing twelve months is around 4.62%, more than PDC.TO's 3.57% yield.

TTM20252024202320222021202020192018201720162015
GBDV.L
SPDR S&P Global Dividend Aristocrats UCITS		4.62%4.91%4.49%4.87%5.05%4.26%4.41%4.41%5.18%4.26%4.74%5.72%
PDC.TO
Invesco Canadian Dividend Index ETF		3.57%3.84%4.29%4.56%4.05%3.49%4.85%4.14%4.90%4.05%3.61%4.20%

Drawdowns

GBDV.L vs. PDC.TO - Drawdown Comparison

The maximum GBDV.L drawdown since its inception was -34.77%, smaller than the maximum PDC.TO drawdown of -40.80%. Use the drawdown chart below to compare losses from any high point for GBDV.L and PDC.TO.

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Drawdown Indicators

GBDV.LPDC.TODifference

Max Drawdown

Largest peak-to-trough decline

-34.77%

-41.94%

+7.17%

Max Drawdown (1Y)

Largest decline over 1 year

-8.61%

-8.43%

-0.18%

Max Drawdown (5Y)

Largest decline over 5 years

-15.84%

-18.24%

+2.40%

Max Drawdown (10Y)

Largest decline over 10 years

-34.77%

-41.94%

+7.17%

Current Drawdown

Current decline from peak

-4.01%

-1.65%

-2.36%

Average Drawdown

Average peak-to-trough decline

-5.20%

-4.61%

-0.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.91%

1.65%

+0.26%

Volatility

GBDV.L vs. PDC.TO - Volatility Comparison

SPDR S&P Global Dividend Aristocrats UCITS (GBDV.L) has a higher volatility of 3.40% compared to Invesco Canadian Dividend Index ETF (PDC.TO) at 3.23%. This indicates that GBDV.L'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

GBDV.LPDC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.40%

3.23%

+0.17%

Volatility (6M)

Calculated over the trailing 6-month period

7.00%

7.46%

-0.46%

Volatility (1Y)

Calculated over the trailing 1-year period

11.13%

10.91%

+0.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.80%

12.54%

-0.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.19%

17.90%

-3.71%