PDC.TO vs. KBWY
PDC.TO (Invesco Canadian Dividend Index ETF) and KBWY (Invesco KBW Premium Yield Equity REIT ETF) are both exchange-traded funds - PDC.TO is a Dividend fund managed by Invesco, while KBWY is a REIT fund tracking the KBW Nasdaq Premium Yield Equity REIT Index. Over the past 10 years, PDC.TO returned 11.48%/yr vs 1.99%/yr for KBWY. At a 0.40 correlation, their price movements are largely independent. PDC.TO charges 0.58%/yr vs 0.35%/yr for KBWY.
Performance
PDC.TO vs. KBWY - Performance Comparison
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Different Trading Currencies
PDC.TO is traded in CAD, while KBWY is traded in USD. To make them comparable, the KBWY 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 26.52% return, which is significantly lower than KBWY's 33.31% return. Over the past 10 years, PDC.TO has outperformed KBWY with an annualized return of 11.48%, while KBWY has yielded a comparatively lower 1.99% annualized return.
PDC.TO
- 1D
- 0.57%
- 1M
- 3.98%
- 6M
- 23.68%
- YTD
- 26.52%
- 1Y
- 40.23%
- 3Y*
- 23.17%
- 5Y*
- 14.80%
- 10Y*
- 11.48%
KBWY
- 1D
- 2.57%
- 1M
- 6.44%
- 6M
- 23.44%
- YTD
- 33.31%
- 1Y
- 34.22%
- 3Y*
- 12.09%
- 5Y*
- 6.14%
- 10Y*
- 1.99%
PDC.TO vs. KBWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDC.TO Invesco Canadian Dividend Index ETF | 26.52% | 21.80% | 16.38% | 6.97% | -4.17% | 30.14% | -5.48% | 25.00% | -11.85% | 10.27% |
KBWY Invesco KBW Premium Yield Equity REIT ETF | 33.31% | -9.63% | 4.69% | 10.19% | -13.87% | 31.16% | -27.59% | 18.28% | -11.32% | -6.01% |
Correlation
The correlation between PDC.TO and KBWY 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 | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2011 | 0.40 |
The correlation between PDC.TO and KBWY shifts across timeframes, from 0.40 (all time) to 0.53 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PDC.TO vs. KBWY — Risk / Return Rank
PDC.TO
KBWY
PDC.TO vs. KBWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Canadian Dividend Index ETF (PDC.TO) and Invesco KBW Premium Yield Equity REIT ETF (KBWY). 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 | KBWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.80 | ||
| Sortino ratioReturn per unit of downside risk | +3.43 | ||
| Omega ratioGain probability vs. loss probability | 1.96 | 1.33 | +0.64 |
| Calmar ratioReturn relative to maximum drawdown | 10.46 | 4.26 | +6.20 |
| Martin ratioReturn relative to average drawdown | 38.71 | 9.87 | +28.84 |
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Drawdowns
PDC.TO vs. KBWY - Drawdown Comparison
The maximum PDC.TO drawdown since its inception was -41.93%, smaller than the maximum KBWY drawdown of -54.40%. Use the drawdown chart below to compare losses from any high point for PDC.TO and KBWY.
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Drawdown Indicators
| PDC.TO | KBWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.93% | -54.40% | +12.47% |
Max Drawdown (1Y)Largest decline over 1 year | -3.86% | -8.07% | +4.21% |
Max Drawdown (3Y)Largest decline over 3 years | -10.85% | -26.84% | +15.99% |
Max Drawdown (5Y)Largest decline over 5 years | -17.98% | -28.50% | +10.52% |
Max Drawdown (10Y)Largest decline over 10 years | -41.93% | -54.40% | +12.47% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.48% | -13.33% | +8.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 3.48% | -2.44% |
Volatility
PDC.TO vs. KBWY - Volatility Comparison
The current volatility for Invesco Canadian Dividend Index ETF (PDC.TO) is 2.13%, while Invesco KBW Premium Yield Equity REIT ETF (KBWY) has a volatility of 5.29%. This indicates that PDC.TO experiences smaller price fluctuations and is considered to be less risky than KBWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDC.TO | KBWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.13% | 5.29% | -3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 6.47% | 12.92% | -6.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.47% | 17.42% | -8.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.85% | 22.27% | -11.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.27% | 27.51% | -12.24% |
PDC.TO vs. KBWY - Expense Ratio Comparison
PDC.TO has a 0.58% expense ratio, which is higher than KBWY's 0.35% expense ratio.
Dividends
PDC.TO vs. KBWY - Dividend Comparison
PDC.TO's dividend yield for the trailing twelve months is around 3.13%, less than KBWY's 7.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWY Invesco KBW Premium Yield Equity REIT ETF | 7.80% | 9.79% | 8.74% | 7.90% | 7.41% | 5.05% | 10.35% | 6.19% | 8.64% | 7.25% | 6.55% | 5.72% |
PDC.TO Invesco Canadian Dividend Index ETF | 3.13% | 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 KBWY 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, KBWY is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KBWY is cheaper with a 0.35% expense ratio, compared with 0.58% for PDC.TO.
PDC.TO is categorized as Dividend, while KBWY is REIT. Their fees differ too: 0.58% for PDC.TO and 0.35% for KBWY.
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