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

PDC.TO vs. DGRE

Last updated Jun 4, 2026

PDC.TO (Invesco Canadian Dividend Index ETF) and DGRE (WisdomTree Emerging Markets Quality Dividend Growth Fund) are both exchange-traded funds - PDC.TO is a Dividend fund managed by Invesco, while DGRE is a Emerging Markets Equities fund actively managed by WisdomTree. Over the past 10 years, PDC.TO returned 10.86%/yr vs 10.51%/yr for DGRE. At a 0.34 correlation, their price movements are largely independent. PDC.TO charges 0.58%/yr vs 0.32%/yr for DGRE.

Performance

PDC.TO vs. DGRE - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Invesco Canadian Dividend Index ETF (PDC.TO) and WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE). 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 DGRE is traded in USD. To make them comparable, the DGRE 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 lower than DGRE's 32.98% return. Both investments have delivered pretty close results over the past 10 years, with PDC.TO having a 10.86% annualized return and DGRE not far behind at 10.51%.

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%

DGRE

1D
-0.54%
1M
10.51%
YTD
32.98%
6M
36.13%
1Y
60.06%
3Y*
26.01%
5Y*
11.72%
10Y*
10.51%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PDC.TO vs. DGRE - 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%
DGRE
WisdomTree Emerging Markets Quality Dividend Growth Fund		32.98%21.63%12.53%15.85%-16.29%1.63%8.97%15.16%-9.27%25.10%

Correlation

The correlation between PDC.TO and DGRE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.26

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

0.35

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

0.30

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

0.34

Correlation (All Time)
Calculated using the full available price history since Aug 2, 2013

0.34

PDC.TO vs. DGRE - Sectors Allocation Comparison

Sectors
PDC.TO
DGRE

Financial Services

44.7%
11.8%

Energy

21.8%
1.1%

Utilities

13.7%
0.9%

Consumer Cyclical

6.6%
2.7%

Communication Services

4.8%
0.8%

Basic Materials

3.5%
4.4%

Real Estate

2.3%
0.3%

Industrials

1.0%
7.8%

Consumer Defensive

0.8%
2.3%

Technology

0.7%
38.6%

Healthcare

-

2.6%

Financial Services

PDC.TO
44.7%
DGRE
11.8%

Energy

PDC.TO
21.8%
DGRE
1.1%

Utilities

PDC.TO
13.7%
DGRE
0.9%

Consumer Cyclical

PDC.TO
6.6%
DGRE
2.7%

Communication Services

PDC.TO
4.8%
DGRE
0.8%

Basic Materials

PDC.TO
3.5%
DGRE
4.4%

Real Estate

PDC.TO
2.3%
DGRE
0.3%

Industrials

PDC.TO
1.0%
DGRE
7.8%

Consumer Defensive

PDC.TO
0.8%
DGRE
2.3%

Technology

PDC.TO
0.7%
DGRE
38.6%

Healthcare

PDC.TO

-

DGRE
2.6%

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

WisdomTree Emerging Markets Quality Dividend Growth Fund

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 DGRE:
DGRE vs. DEMDGRE vs. EMXCDGRE vs. IGRODGRE vs. DGRODGRE vs. SCHDDGRE vs. VWODGRE vs. DGRW

Return for Risk

PDC.TO vs. DGRE — 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
DGRE
DGRE Risk / Return Rank: 8484
Overall Rank
DGRE Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
DGRE Sortino Ratio Rank: 8282
Sortino Ratio Rank
DGRE Omega Ratio Rank: 8585
Omega Ratio Rank
DGRE Calmar Ratio Rank: 8181
Calmar Ratio Rank
DGRE Martin Ratio Rank: 8484
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. DGRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Canadian Dividend Index ETF (PDC.TO) and WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE). 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.TODGREDifference
Sharpe ratioReturn per unit of total volatility
4.30
3.13

+1.17

Sortino ratioReturn per unit of downside risk
5.59
4.04

+1.55

Omega ratioGain probability vs. loss probability

1.89

1.57

+0.32

Calmar ratioReturn relative to maximum drawdown

9.20

4.99

+4.21

Martin ratioReturn relative to average drawdown

34.01

19.02

+14.99

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. DGRE - Sharpe Ratio Comparison

The current PDC.TO Sharpe Ratio is 4.30, which is higher than the DGRE Sharpe Ratio of 3.13. The chart below compares the historical Sharpe Ratios of PDC.TO and DGRE, 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.TODGREDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.30

3.13

+1.17

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.22

0.73

+0.48

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.71

0.61

+0.11

Sharpe Ratio (All Time)

Calculated using the full available price history

0.75

0.50

+0.25

Drawdowns

PDC.TO vs. DGRE - Drawdown Comparison

The maximum PDC.TO drawdown since its inception was -41.94%, which is greater than DGRE's maximum drawdown of -30.62%. Use the drawdown chart below to compare losses from any high point for PDC.TO and DGRE.

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Drawdown Indicators

PDC.TODGREDifference

Max Drawdown

Largest peak-to-trough decline

-41.94%

-30.62%

-11.32%

Max Drawdown (1Y)

Largest decline over 1 year

-3.86%

-12.10%

+8.24%

Max Drawdown (3Y)

Largest decline over 3 years

-10.91%

-15.94%

+5.03%

Max Drawdown (5Y)

Largest decline over 5 years

-18.24%

-28.28%

+10.04%

Max Drawdown (10Y)

Largest decline over 10 years

-41.94%

-30.62%

-11.32%

Current Drawdown

Current decline from peak

-0.26%

-0.54%

+0.28%

Average Drawdown

Average peak-to-trough decline

-4.56%

-7.89%

+3.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.04%

3.17%

-2.13%

Volatility

PDC.TO vs. DGRE - Volatility Comparison

The current volatility for Invesco Canadian Dividend Index ETF (PDC.TO) is 2.97%, while WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE) has a volatility of 8.75%. This indicates that PDC.TO experiences smaller price fluctuations and is considered to be less risky than DGRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PDC.TODGREDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.97%

8.75%

-5.78%

Volatility (6M)

Calculated over the trailing 6-month period

7.24%

17.32%

-10.08%

Volatility (1Y)

Calculated over the trailing 1-year period

8.27%

19.29%

-11.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.84%

16.04%

-5.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.29%

17.32%

-2.03%

PDC.TO vs. DGRE - Expense Ratio Comparison

PDC.TO has a 0.58% expense ratio, which is higher than DGRE's 0.32% expense ratio.

Dividends

PDC.TO vs. DGRE - Dividend Comparison

PDC.TO's dividend yield for the trailing twelve months is around 3.26%, more than DGRE's 1.18% yield.

PositionTTM20252024202320222021202020192018201720162015
DGRE
WisdomTree Emerging Markets Quality Dividend Growth Fund		1.18%1.65%1.90%2.22%4.38%2.56%2.11%2.32%2.71%3.12%3.18%3.01%
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 DGRE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, DGRE is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

DGRE is cheaper with a 0.32% expense ratio, compared with 0.58% for PDC.TO.

PDC.TO is categorized as Dividend, while DGRE is Emerging Markets Equities. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.58% for PDC.TO and 0.32% for DGRE.

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