PDC.TO vs. ESGC.TO

Last updated Aug 2, 2026

PDC.TO (Invesco Canadian Dividend Index ETF) and ESGC.TO (Invesco S&P/TSX Composite ESG Index ETF) are both exchange-traded funds - PDC.TO is a Dividend fund tracking the NASDAQ Select Canadian Dividend Index, while ESGC.TO is a Canada Equities fund tracking the S&P/TSX Composite ESG Index. Both are passively managed. Over the past 5 years, PDC.TO returned 14.54%/yr vs 13.10%/yr for ESGC.TO. Their 0.54 correlation means they have sometimes moved together and sometimes differently. PDC.TO charges 0.58%/yr vs 0.15%/yr for ESGC.TO.

Performance

PDC.TO vs. ESGC.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 Invesco S&P/TSX Composite ESG Index ETF (ESGC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PDC.TO achieves a 25.42% return, which is significantly higher than ESGC.TO's 14.48% 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%

ESGC.TO

• 1D: 0.02%
• 1M: 0.07%
• 6M: 13.23%
• YTD: 14.48%
• 1Y: 34.86%
• 3Y*: 21.22%
• 5Y*: 13.10%
• 10Y*: —
• ALL TIME*: 15.18%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ESGC.TO Invesco S&P/TSX Composite ESG Index ETF	CA$35.06K	CA$46.94K	CA$49.45K
PDC.TO Invesco Canadian Dividend Index ETF	CA$73.82K	CA$71.46K	CA$90.55K

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PDC.TO Invesco Canadian Dividend Index ETF	25.42%	21.80%	16.38%	6.97%	-4.17%	30.14%	7.82%
ESGC.TO Invesco S&P/TSX Composite ESG Index ETF	14.48%	31.52%	16.03%	7.50%	-7.28%	23.99%	5.27%

Correlation

The correlation between PDC.TO and ESGC.TO is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.54
Correlation (3Y) Balances recent behavior with more history.	0.57
Correlation (5Y) Shows whether the relationship held over a longer period.	0.58
Correlation (All Time) Calculated using the full available price history since Oct 8, 2020	0.54

The correlation between PDC.TO and ESGC.TO has been stable across timeframes, ranging from 0.54 to 0.58 - a consistent structural relationship.

Return for Risk

PDC.TO vs. ESGC.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PDC.TO

PDC.TO Risk / Return Rank: 98
PDC.TO Sharpe Ratio Rank: 98
PDC.TO Sortino Ratio Rank: 98
PDC.TO Omega Ratio Rank: 98
PDC.TO Calmar Ratio Rank: 98
PDC.TO Martin Ratio Rank: 97

ESGC.TO

ESGC.TO Risk / Return Rank: 91
ESGC.TO Sharpe Ratio Rank: 94
ESGC.TO Sortino Ratio Rank: 93
ESGC.TO Omega Ratio Rank: 93
ESGC.TO Calmar Ratio Rank: 86
ESGC.TO Martin Ratio Rank: 90

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. ESGC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Canadian Dividend Index ETF (PDC.TO) and Invesco S&P/TSX Composite ESG Index ETF (ESGC.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.TO	ESGC.TO	Difference
Sharpe ratio: Return per unit of total volatility	4.44	2.60	+1.83
Sortino ratio: Return per unit of downside risk	5.75	3.49	+2.26
Omega ratio: Gain probability vs. loss probability	1.87	1.48	+0.39
Calmar ratio: Return relative to maximum drawdown	9.99	3.40	+6.58
Martin ratio: Return relative to average drawdown	36.59	14.49	+22.10

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

The current PDC.TO Sharpe Ratio is 4.44, which is higher than the ESGC.TO Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of PDC.TO and ESGC.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.

Drawdowns

PDC.TO vs. ESGC.TO - Drawdown Comparison

The maximum PDC.TO drawdown since its inception was -41.93%, which is greater than ESGC.TO's maximum drawdown of -16.66%. Use the drawdown chart below to compare losses from any high point for PDC.TO and ESGC.TO.

Drawdown Indicators

	PDC.TO	ESGC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-41.93%	-16.66%	-25.27%
Max Drawdown (1Y) Largest decline over 1 year	-3.86%	-10.14%	+6.28%
Max Drawdown (3Y) Largest decline over 3 years	-10.43%	-13.45%	+3.02%
Max Drawdown (5Y) Largest decline over 5 years	-17.98%	-16.66%	-1.32%
Max Drawdown (10Y) Largest decline over 10 years	-41.93%	—	—
Current Drawdown Current decline from peak	-1.06%	-0.87%	-0.19%
Average Drawdown Average peak-to-trough decline	-4.47%	-3.68%	-0.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.05%	2.38%	-1.33%

Volatility

PDC.TO vs. ESGC.TO - Volatility Comparison

Invesco Canadian Dividend Index ETF (PDC.TO) and Invesco S&P/TSX Composite ESG Index ETF (ESGC.TO) have volatilities of 2.78% and 2.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PDC.TO	ESGC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.78%	2.86%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	6.60%	10.57%	-3.97%
Volatility (1Y) Calculated over the trailing 1-year period	8.70%	13.26%	-4.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.85%	12.97%	-2.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.28%	12.84%	+2.44%

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

PDC.TO has a 0.58% expense ratio, which is higher than ESGC.TO's 0.15% expense ratio.

Dividends

PDC.TO vs. ESGC.TO - Dividend Comparison

PDC.TO's dividend yield for the trailing twelve months is around 3.17%, more than ESGC.TO's 2.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ESGC.TO Invesco S&P/TSX Composite ESG Index ETF	2.13%	2.36%	2.66%	3.23%	2.98%	2.28%	0.67%	0.00%	0.00%	0.00%	0.00%	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

Can I hold both PDC.TO and ESGC.TO in my portfolio?

PDC.TO and ESGC.TO have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PDC.TO or ESGC.TO?

On fees, ESGC.TO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PDC.TO or ESGC.TO?

ESGC.TO is cheaper with a 0.15% expense ratio, compared with 0.58% for PDC.TO.

What is the main difference between PDC.TO and ESGC.TO?

PDC.TO is categorized as Dividend, while ESGC.TO is Canada Equities. PDC.TO tracks NASDAQ Select Canadian Dividend Index, while ESGC.TO tracks S&P/TSX Composite ESG Index. Their fees differ too: 0.58% for PDC.TO and 0.15% for ESGC.TO.