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

PDC.TO vs. DXU.TO

Last updated Jun 24, 2026

PDC.TO (Invesco Canadian Dividend Index ETF) and DXU.TO (Dynamic Active U.S. Dividend ETF) are both Dividend funds. Over the past 5 years, PDC.TO returned 13.94%/yr vs 14.86%/yr for DXU.TO. At a 0.38 correlation, their price movements are largely independent. PDC.TO charges 0.58%/yr vs 0.75%/yr for DXU.TO.

Performance

PDC.TO vs. DXU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Invesco Canadian Dividend Index ETF (PDC.TO) and Dynamic Active U.S. Dividend ETF (DXU.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, PDC.TO achieves a 22.51% return, which is significantly lower than DXU.TO's 27.23% return.

PDC.TO

1D
0.30%
1M
2.66%
YTD
22.51%
6M
18.90%
1Y
39.38%
3Y*
23.19%
5Y*
13.94%
10Y*
11.53%

DXU.TO

1D
-2.29%
1M
8.96%
YTD
27.23%
6M
26.45%
1Y
42.37%
3Y*
27.91%
5Y*
14.86%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
PDC.TO
Invesco Canadian Dividend Index ETF		22.51%21.80%16.38%6.97%-4.17%30.14%-5.48%25.00%-11.85%4.43%
DXU.TO
Dynamic Active U.S. Dividend ETF		27.23%9.36%38.05%9.43%-14.92%14.93%24.17%17.48%12.64%8.14%

Correlation

The correlation between PDC.TO and DXU.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

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

Sectors
PDC.TO
DXU.TO

Financial Services

44.8%
15.5%

Energy

21.2%
2.0%

Utilities

13.9%

-

Consumer Cyclical

6.6%
8.1%

Communication Services

5.0%
3.0%

Basic Materials

3.5%
6.5%

Real Estate

2.4%

-

Industrials

1.1%
34.7%

Consumer Defensive

0.9%

-

Technology

0.7%
25.3%

Healthcare

-

5.0%

Financial Services

PDC.TO
44.8%
DXU.TO
15.5%

Energy

PDC.TO
21.2%
DXU.TO
2.0%

Utilities

PDC.TO
13.9%
DXU.TO

-

Consumer Cyclical

PDC.TO
6.6%
DXU.TO
8.1%

Communication Services

PDC.TO
5.0%
DXU.TO
3.0%

Basic Materials

PDC.TO
3.5%
DXU.TO
6.5%

Real Estate

PDC.TO
2.4%
DXU.TO

-

Industrials

PDC.TO
1.1%
DXU.TO
34.7%

Consumer Defensive

PDC.TO
0.9%
DXU.TO

-

Technology

PDC.TO
0.7%
DXU.TO
25.3%

Healthcare

PDC.TO

-

DXU.TO
5.0%

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

Dynamic Active U.S. Dividend 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 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

Return for Risk

PDC.TO vs. DXU.TO — 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: 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
DXU.TO
DXU.TO Risk / Return Rank: 7676
Overall Rank
DXU.TO Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
DXU.TO Sortino Ratio Rank: 6767
Sortino Ratio Rank
DXU.TO Omega Ratio Rank: 7373
Omega Ratio Rank
DXU.TO Calmar Ratio Rank: 8888
Calmar Ratio Rank
DXU.TO Martin Ratio Rank: 7979
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. DXU.TO - Risk-Adjusted Trends Comparison

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

PDC.TODXU.TODifference
Sharpe ratioReturn per unit of total volatility
4.74
2.15

+2.59

Sortino ratioReturn per unit of downside risk
6.13
2.77

+3.36

Omega ratioGain probability vs. loss probability

1.97

1.39

+0.58

Calmar ratioReturn relative to maximum drawdown

10.24

4.65

+5.59

Martin ratioReturn relative to average drawdown

37.94

13.99

+23.95

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

The current PDC.TO Sharpe Ratio is 4.74, which is higher than the DXU.TO Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of PDC.TO and DXU.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

PDC.TO vs. DXU.TO - Drawdown Comparison

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

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Drawdown Indicators

PDC.TODXU.TODifference

Max Drawdown

Largest peak-to-trough decline

-41.93%

-29.23%

-12.70%

Max Drawdown (1Y)

Largest decline over 1 year

-3.86%

-9.15%

+5.29%

Max Drawdown (3Y)

Largest decline over 3 years

-10.85%

-23.80%

+12.95%

Max Drawdown (5Y)

Largest decline over 5 years

-17.98%

-24.83%

+6.85%

Max Drawdown (10Y)

Largest decline over 10 years

-41.93%

—

—

Current Drawdown

Current decline from peak

0.00%

-2.29%

+2.29%

Average Drawdown

Average peak-to-trough decline

-4.50%

-6.65%

+2.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.04%

3.04%

-2.00%

Volatility

PDC.TO vs. DXU.TO - Volatility Comparison

The current volatility for Invesco Canadian Dividend Index ETF (PDC.TO) is 2.30%, while Dynamic Active U.S. Dividend ETF (DXU.TO) has a volatility of 9.31%. This indicates that PDC.TO experiences smaller price fluctuations and is considered to be less risky than DXU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PDC.TODXU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.30%

9.31%

-7.01%

Volatility (6M)

Calculated over the trailing 6-month period

7.27%

15.79%

-8.52%

Volatility (1Y)

Calculated over the trailing 1-year period

8.35%

19.78%

-11.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.84%

18.51%

-7.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.28%

19.69%

-4.41%

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

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

Dividends

PDC.TO vs. DXU.TO - Dividend Comparison

PDC.TO's dividend yield for the trailing twelve months is around 3.22%, while DXU.TO has not paid dividends to shareholders.

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		3.22%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

PDC.TO and DXU.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: Invesco and Dynamic. Their fees differ too: 0.58% for PDC.TO and 0.75% for DXU.TO.

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