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

PDC.TO vs. EMDV

Last updated Aug 2, 2026
Documentation

PDC.TO (Invesco Canadian Dividend Index ETF) and EMDV (ProShares MSCI Emerging Markets Dividend Growers ETF) are both exchange-traded funds - PDC.TO is a Dividend fund tracking the NASDAQ Select Canadian Dividend Index, while EMDV is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Dividend Masters Index. Both are passively managed. Over the past 10 years, PDC.TO returned 11.43%/yr vs 2.62%/yr for EMDV. Their 0.35 correlation means their historical movements had little consistent relationship. PDC.TO charges 0.58%/yr vs 0.60%/yr for EMDV.

Performance

PDC.TO vs. EMDV - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Invesco Canadian Dividend Index ETF (PDC.TO) and ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV). 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 EMDV is traded in USD. To make them comparable, the EMDV 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 25.42% return, which is significantly higher than EMDV's 3.86% return. Over the past 10 years, PDC.TO has outperformed EMDV with an annualized return of 11.43%, while EMDV has yielded a comparatively lower 2.62% annualized return.

PDC.TO

1D
-0.32%
1M
2.24%
6M
22.87%
YTD
25.42%
1Y
38.86%
3Y*
22.41%
5Y*
14.54%
10Y*
11.43%
ALL TIME*
10.54%

EMDV

1D
-0.35%
1M
2.78%
6M
4.60%
YTD
3.86%
1Y
7.28%
3Y*
3.72%
5Y*
0.86%
10Y*
2.62%
ALL TIME*
3.94%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

EMDV

ProShares MSCI Emerging Markets Dividend Growers ETF
CA$4.28KCA$9.79KCA$14.51K

PDC.TO

Invesco Canadian Dividend Index ETF
CA$73.82KCA$71.46KCA$90.55K

PDC.TO vs. EMDV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PDC.TO
Invesco Canadian Dividend Index ETF		25.42%21.80%16.38%6.97%-4.17%30.14%-5.48%25.00%-11.85%10.27%
EMDV
ProShares MSCI Emerging Markets Dividend Growers ETF		3.86%6.79%8.53%-3.38%-13.01%1.06%-2.46%10.20%0.26%18.38%

Correlation

The correlation between PDC.TO and EMDV is 0.26, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.26

Correlation (3Y)
Balances recent behavior with more history.

0.33

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.36

Correlation (10Y)
Provides a long-term view across more market conditions.

0.35

Correlation (All Time)
Calculated using the full available price history since Jan 27, 2016

0.35

The correlation between PDC.TO and EMDV shifts across timeframes, from 0.26 (1 year) to 0.36 (5 years), reflecting how their relationship changes across market environments.

PDC.TO vs. EMDV - Sectors Allocation Comparison

Sectors
PDC.TO
EMDV

Financial Services

45.6%
24.0%

Energy

20.4%

-

Utilities

14.2%
8.8%

Consumer Cyclical

6.7%
6.7%

Communication Services

4.4%
5.8%

Basic Materials

3.7%
2.5%

Real Estate

2.4%

-

Industrials

1.1%
6.7%

Consumer Defensive

0.8%
14.4%

Technology

0.7%
22.8%

Healthcare

-

8.4%

Financial Services

PDC.TO
45.6%
EMDV
24.0%

Energy

PDC.TO
20.4%
EMDV

-

Utilities

PDC.TO
14.2%
EMDV
8.8%

Consumer Cyclical

PDC.TO
6.7%
EMDV
6.7%

Communication Services

PDC.TO
4.4%
EMDV
5.8%

Basic Materials

PDC.TO
3.7%
EMDV
2.5%

Real Estate

PDC.TO
2.4%
EMDV

-

Industrials

PDC.TO
1.1%
EMDV
6.7%

Consumer Defensive

PDC.TO
0.8%
EMDV
14.4%

Technology

PDC.TO
0.7%
EMDV
22.8%

Healthcare

PDC.TO

-

EMDV
8.4%

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

ProShares MSCI Emerging Markets Dividend Growers ETF

Often compared with PDC.TO:
PDC.TO vs. XDIV.TOPDC.TO vs. PDIV.TOPDC.TO vs. VDY.TOPDC.TO vs. RCD.TOPDC.TO vs. RBNK.TOPDC.TO vs. 3466.HKPDC.TO vs. XDV.TO
Often compared with EMDV:
EMDV vs. CRBNEMDV vs. VWOEMDV vs. SCHDEMDV vs. BDVGEMDV vs. EMBEMDV vs. VGTEMDV vs. NOBL

Return for Risk

PDC.TO vs. EMDV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
PDC.TO
PDC.TO Risk / Return Rank: 9898
Overall Rank
PDC.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
PDC.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
PDC.TO Omega Ratio Rank: 9898
Omega Ratio Rank
PDC.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
PDC.TO Martin Ratio Rank: 9797
Martin Ratio Rank
EMDV
EMDV Risk / Return Rank: 2323
Overall Rank
EMDV Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
EMDV Sortino Ratio Rank: 2222
Sortino Ratio Rank
EMDV Omega Ratio Rank: 2222
Omega Ratio Rank
EMDV Calmar Ratio Rank: 2626
Calmar Ratio Rank
EMDV Martin Ratio Rank: 2525
Martin Ratio Rank
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.

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

This table presents a comparison of risk-adjusted performance metrics for Invesco Canadian Dividend Index ETF (PDC.TO) and ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV). 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.TOEMDVDifference
Sharpe ratioReturn per unit of total volatility
4.44
0.60

+3.83

Sortino ratioReturn per unit of downside risk
5.75
0.93

+4.82

Omega ratioGain probability vs. loss probability

1.87

1.11

+0.76

Calmar ratioReturn relative to maximum drawdown

9.99

1.06

+8.92

Martin ratioReturn relative to average drawdown

36.59

2.88

+33.71

PDC.TO vs. EMDV - Sharpe Ratio Comparison

The current PDC.TO Sharpe Ratio is 4.44, which is higher than the EMDV Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of PDC.TO and EMDV, 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. EMDV - Drawdown Comparison

The maximum PDC.TO drawdown since its inception was -41.93%, which is greater than EMDV's maximum drawdown of -32.12%. Use the drawdown chart below to compare losses from any high point for PDC.TO and EMDV.

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Drawdown Indicators

PDC.TOEMDVDifference

Max Drawdown

Largest peak-to-trough decline

-41.93%

-32.12%

-9.81%

Max Drawdown (1Y)

Largest decline over 1 year

-3.86%

-6.84%

+2.98%

Max Drawdown (3Y)

Largest decline over 3 years

-10.43%

-16.87%

+6.44%

Max Drawdown (5Y)

Largest decline over 5 years

-17.98%

-28.42%

+10.44%

Max Drawdown (10Y)

Largest decline over 10 years

-41.93%

-32.12%

-9.81%

Current Drawdown

Current decline from peak

-1.06%

-3.80%

+2.74%

Average Drawdown

Average peak-to-trough decline

-4.47%

-9.51%

+5.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.05%

2.53%

-1.48%

Volatility

PDC.TO vs. EMDV - Volatility Comparison

The current volatility for Invesco Canadian Dividend Index ETF (PDC.TO) is 2.78%, while ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV) has a volatility of 3.02%. This indicates that PDC.TO experiences smaller price fluctuations and is considered to be less risky than EMDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PDC.TOEMDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.78%

3.02%

-0.24%

Volatility (6M)

Calculated over the trailing 6-month period

6.60%

10.21%

-3.61%

Volatility (1Y)

Calculated over the trailing 1-year period

8.70%

12.12%

-3.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.85%

16.64%

-5.79%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.28%

18.96%

-3.68%

PDC.TO vs. EMDV - Expense Ratio Comparison

PDC.TO has a 0.58% expense ratio, which is lower than EMDV's 0.60% expense ratio.

Dividends

PDC.TO vs. EMDV - Dividend Comparison

PDC.TO's dividend yield for the trailing twelve months is around 3.17%, more than EMDV's 1.90% yield.

PositionTTM20252024202320222021202020192018201720162015
EMDV
ProShares MSCI Emerging Markets Dividend Growers ETF		1.90%2.46%2.79%1.88%3.68%2.12%3.12%2.38%1.27%2.09%2.87%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

PDC.TO and EMDV 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, 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 0.60% for EMDV.

PDC.TO is categorized as Dividend, while EMDV is Emerging Markets Equities. PDC.TO tracks NASDAQ Select Canadian Dividend Index, while EMDV tracks MSCI Emerging Markets Dividend Masters Index. They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.58% for PDC.TO and 0.60% for EMDV.

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