PDC.TO vs. PPA
Compare and contrast key facts about Invesco Canadian Dividend Index ETF (PDC.TO) and Invesco Aerospace & Defense ETF (PPA).
PDC.TO and PPA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PDC.TO is managed by Invesco. PPA is a passively managed fund by Invesco that tracks the performance of the SPADE Defense Index. It was launched on Oct 26, 2005.
Performance
PDC.TO vs. PPA - Performance Comparison
Loading graphics...
PDC.TO vs. PPA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDC.TO Invesco Canadian Dividend Index ETF | 9.18% | 21.62% | 16.14% | 6.74% | -4.34% | 29.91% | -5.70% | 24.75% | -12.03% | 10.06% |
PPA Invesco Aerospace & Defense ETF | 7.25% | 30.86% | 36.05% | 15.80% | 17.33% | 6.12% | -1.24% | 32.76% | 0.33% | 21.82% |
Different Trading Currencies
PDC.TO is traded in CAD, while PPA is traded in USD. To make them comparable, the PPA 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 9.18% return, which is significantly higher than PPA's 7.25% return. Over the past 10 years, PDC.TO has underperformed PPA with an annualized return of 10.43%, while PPA has yielded a comparatively higher 18.49% annualized return.
PDC.TO
- 1D
- 1.12%
- 1M
- -1.10%
- YTD
- 9.18%
- 6M
- 10.22%
- 1Y
- 30.92%
- 3Y*
- 17.13%
- 5Y*
- 12.79%
- 10Y*
- 10.43%
PPA
- 1D
- 3.38%
- 1M
- -6.66%
- YTD
- 7.25%
- 6M
- 6.53%
- 1Y
- 38.04%
- 3Y*
- 29.13%
- 5Y*
- 21.06%
- 10Y*
- 18.49%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PDC.TO vs. PPA - Expense Ratio Comparison
PDC.TO has a 0.58% expense ratio, which is lower than PPA's 0.61% expense ratio.
Return for Risk
PDC.TO vs. PPA — Risk / Return Rank
PDC.TO
PPA
PDC.TO vs. PPA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Canadian Dividend Index ETF (PDC.TO) and Invesco Aerospace & Defense ETF (PPA). 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.TO | PPA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.10 | 1.80 | +1.31 |
Sortino ratioReturn per unit of downside risk | 3.72 | 2.44 | +1.28 |
Omega ratioGain probability vs. loss probability | 1.68 | 1.34 | +0.34 |
Calmar ratioReturn relative to maximum drawdown | 3.76 | 3.18 | +0.58 |
Martin ratioReturn relative to average drawdown | 19.20 | 10.49 | +8.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PDC.TO | PPA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | 1.80 | +1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.20 | 1.28 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.98 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 1.05 | -0.33 |
Correlation
The correlation between PDC.TO and PPA is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PDC.TO vs. PPA - Dividend Comparison
PDC.TO's dividend yield for the trailing twelve months is around 3.57%, more than PPA's 0.40% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDC.TO Invesco Canadian Dividend Index ETF | 3.57% | 3.84% | 4.29% | 4.56% | 4.05% | 3.49% | 4.85% | 4.14% | 4.90% | 4.05% | 3.61% | 4.20% |
PPA Invesco Aerospace & Defense ETF | 0.40% | 0.42% | 0.61% | 0.67% | 0.83% | 0.59% | 0.88% | 0.95% | 0.90% | 0.67% | 1.70% | 1.41% |
Drawdowns
PDC.TO vs. PPA - Drawdown Comparison
The maximum PDC.TO drawdown since its inception was -41.94%, which is greater than PPA's maximum drawdown of -38.66%. Use the drawdown chart below to compare losses from any high point for PDC.TO and PPA.
Loading graphics...
Drawdown Indicators
| PDC.TO | PPA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.94% | -57.37% | +15.43% |
Max Drawdown (1Y)Largest decline over 1 year | -8.43% | -13.71% | +5.28% |
Max Drawdown (5Y)Largest decline over 5 years | -18.24% | -18.37% | +0.13% |
Max Drawdown (10Y)Largest decline over 10 years | -41.94% | -43.92% | +1.98% |
Current DrawdownCurrent decline from peak | -1.72% | -10.69% | +8.97% |
Average DrawdownAverage peak-to-trough decline | -4.61% | -9.19% | +4.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 3.41% | -1.76% |
Volatility
PDC.TO vs. PPA - Volatility Comparison
The current volatility for Invesco Canadian Dividend Index ETF (PDC.TO) is 3.33%, while Invesco Aerospace & Defense ETF (PPA) has a volatility of 6.76%. This indicates that PDC.TO experiences smaller price fluctuations and is considered to be less risky than PPA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PDC.TO | PPA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 6.76% | -3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 6.85% | 14.83% | -7.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.03% | 21.29% | -11.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.76% | 16.50% | -5.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.28% | 18.86% | -3.58% |