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

PDC.TO vs. ALTY

Last updated Jun 4, 2026

PDC.TO (Invesco Canadian Dividend Index ETF) and ALTY (Global X Alternative Income ETF) are both exchange-traded funds - PDC.TO is a Dividend fund managed by Invesco, while ALTY is a Global Allocation fund tracking the Indxx SuperDividend Alternatives Index. Over the past 10 years, PDC.TO returned 10.86%/yr vs 6.93%/yr for ALTY. At a 0.37 correlation, their price movements are largely independent. PDC.TO charges 0.58%/yr vs 0.50%/yr for ALTY.

Performance

PDC.TO vs. ALTY - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Invesco Canadian Dividend Index ETF (PDC.TO) and Global X Alternative Income ETF (ALTY). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, PDC.TO achieves a 19.02% return, which is significantly higher than ALTY's 7.54% return. Over the past 10 years, PDC.TO has outperformed ALTY with an annualized return of 10.86%, while ALTY has yielded a comparatively lower 6.93% annualized return.

PDC.TO

1D
0.25%
1M
4.67%
YTD
19.02%
6M
17.30%
1Y
35.38%
3Y*
20.15%
5Y*
13.12%
10Y*
10.86%

ALTY

1D
0.08%
1M
2.31%
YTD
7.54%
6M
6.09%
1Y
17.23%
3Y*
12.70%
5Y*
8.56%
10Y*
6.93%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PDC.TO vs. ALTY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PDC.TO
Invesco Canadian Dividend Index ETF		19.02%21.62%16.14%6.74%-4.34%29.91%-5.70%24.75%-12.03%10.06%
ALTY
Global X Alternative Income ETF		7.54%5.98%20.41%8.15%-5.64%21.97%-14.29%15.47%1.78%3.76%

Correlation

The correlation between PDC.TO and ALTY is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.42

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

0.41

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

0.39

Correlation (10Y)
Calculated over the trailing 10-year period

0.40

Correlation (All Time)
Calculated using the full available price history since Jul 15, 2015

0.37

PDC.TO vs. ALTY - Sectors Allocation Comparison

Sectors
PDC.TO
ALTY

Financial Services

44.7%
0.1%

Energy

21.8%
21.0%

Utilities

13.7%
12.7%

Consumer Cyclical

6.6%
4.1%

Communication Services

4.8%
5.3%

Basic Materials

3.5%
0.4%

Real Estate

2.3%
33.2%

Industrials

1.0%
1.0%

Consumer Defensive

0.8%
2.6%

Technology

0.7%
18.3%

Healthcare

-

1.4%

Financial Services

PDC.TO
44.7%
ALTY
0.1%

Energy

PDC.TO
21.8%
ALTY
21.0%

Utilities

PDC.TO
13.7%
ALTY
12.7%

Consumer Cyclical

PDC.TO
6.6%
ALTY
4.1%

Communication Services

PDC.TO
4.8%
ALTY
5.3%

Basic Materials

PDC.TO
3.5%
ALTY
0.4%

Real Estate

PDC.TO
2.3%
ALTY
33.2%

Industrials

PDC.TO
1.0%
ALTY
1.0%

Consumer Defensive

PDC.TO
0.8%
ALTY
2.6%

Technology

PDC.TO
0.7%
ALTY
18.3%

Healthcare

PDC.TO

-

ALTY
1.4%

Compare stocks, funds, or ETFs

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

Invesco Canadian Dividend Index ETF

Global X Alternative Income ETF

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
Often compared with ALTY:
ALTY vs. GWPAXALTY vs. SDEMALTY vs. DFEALTY vs. MVRLALTY vs. SPYALTY vs. RFEMALTY vs. DIV

Return for Risk

PDC.TO vs. ALTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PDC.TO
PDC.TO Risk / Return Rank: 9696
Overall Rank
PDC.TO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
PDC.TO Sortino Ratio Rank: 9696
Sortino Ratio Rank
PDC.TO Omega Ratio Rank: 9797
Omega Ratio Rank
PDC.TO Calmar Ratio Rank: 9696
Calmar Ratio Rank
PDC.TO Martin Ratio Rank: 9696
Martin Ratio Rank
ALTY
ALTY Risk / Return Rank: 8282
Overall Rank
ALTY Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
ALTY Sortino Ratio Rank: 8484
Sortino Ratio Rank
ALTY Omega Ratio Rank: 8686
Omega Ratio Rank
ALTY Calmar Ratio Rank: 7272
Calmar Ratio Rank
ALTY Martin Ratio Rank: 8282
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.

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

This table presents a comparison of risk-adjusted performance metrics for Invesco Canadian Dividend Index ETF (PDC.TO) and Global X Alternative Income ETF (ALTY). 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.

PDC.TOALTYDifference
Sharpe ratioReturn per unit of total volatility
4.30
2.67

+1.62

Sortino ratioReturn per unit of downside risk
5.59
3.63

+1.96

Omega ratioGain probability vs. loss probability

1.89

1.50

+0.39

Calmar ratioReturn relative to maximum drawdown

9.20

4.43

+4.77

Martin ratioReturn relative to average drawdown

34.01

17.71

+16.31

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

PDC.TO vs. ALTY - Sharpe Ratio Comparison

The current PDC.TO Sharpe Ratio is 4.30, which is higher than the ALTY Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of PDC.TO and ALTY, 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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Sharpe Ratios by Period

PDC.TOALTYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.30

2.67

+1.62

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.22

0.93

+0.29

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.71

0.47

+0.25

Sharpe Ratio (All Time)

Calculated using the full available price history

0.75

0.41

+0.35

Drawdowns

PDC.TO vs. ALTY - Drawdown Comparison

The maximum PDC.TO drawdown since its inception was -41.94%, smaller than the maximum ALTY drawdown of -46.85%. Use the drawdown chart below to compare losses from any high point for PDC.TO and ALTY.

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Drawdown Indicators

PDC.TOALTYDifference

Max Drawdown

Largest peak-to-trough decline

-41.94%

-46.85%

+4.91%

Max Drawdown (1Y)

Largest decline over 1 year

-3.86%

-3.90%

+0.04%

Max Drawdown (3Y)

Largest decline over 3 years

-10.91%

-11.29%

+0.38%

Max Drawdown (5Y)

Largest decline over 5 years

-18.24%

-13.49%

-4.75%

Max Drawdown (10Y)

Largest decline over 10 years

-41.94%

-46.85%

+4.91%

Current Drawdown

Current decline from peak

-0.26%

0.00%

-0.26%

Average Drawdown

Average peak-to-trough decline

-4.56%

-6.44%

+1.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.04%

0.98%

+0.06%

Volatility

PDC.TO vs. ALTY - Volatility Comparison

Invesco Canadian Dividend Index ETF (PDC.TO) has a higher volatility of 2.97% compared to Global X Alternative Income ETF (ALTY) at 1.52%. This indicates that PDC.TO's price experiences larger fluctuations and is considered to be riskier than ALTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PDC.TOALTYDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.97%

1.52%

+1.45%

Volatility (6M)

Calculated over the trailing 6-month period

7.24%

4.95%

+2.29%

Volatility (1Y)

Calculated over the trailing 1-year period

8.27%

6.48%

+1.79%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.84%

9.27%

+1.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.29%

14.95%

+0.34%

PDC.TO vs. ALTY - Expense Ratio Comparison

PDC.TO has a 0.58% expense ratio, which is higher than ALTY's 0.50% expense ratio.

Dividends

PDC.TO vs. ALTY - Dividend Comparison

PDC.TO's dividend yield for the trailing twelve months is around 3.26%, less than ALTY's 8.08% yield.

PositionTTM20252024202320222021202020192018201720162015
ALTY
Global X Alternative Income ETF		8.08%7.50%7.88%7.31%7.66%6.88%9.20%8.74%8.49%7.52%8.20%4.21%
PDC.TO
Invesco Canadian Dividend Index ETF		3.26%3.84%4.29%4.56%4.05%3.49%4.85%4.14%4.90%4.05%3.61%4.20%

Frequently Asked Questions

PDC.TO and ALTY have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ALTY is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ALTY is cheaper with a 0.50% expense ratio, compared with 0.58% for PDC.TO.

PDC.TO is categorized as Dividend, while ALTY is Global Allocation. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.58% for PDC.TO and 0.50% for ALTY.

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