PDC.TO vs. QQCE.TO

Last updated Aug 2, 2026

PDC.TO (Invesco Canadian Dividend Index ETF) and QQCE.TO (Invesco ESG NASDAQ 100 Index ETF) are both exchange-traded funds - PDC.TO is a Dividend fund tracking the NASDAQ Select Canadian Dividend Index, while QQCE.TO is a Nasdaq-100 fund tracking the NASDAQ-100 ESG Index. Both are passively managed. Over the past 3 years, PDC.TO returned 22.41%/yr vs 25.34%/yr for QQCE.TO. Their 0.20 correlation means their historical movements had little consistent relationship. PDC.TO charges 0.58%/yr vs 0.21%/yr for QQCE.TO.

Performance

PDC.TO vs. QQCE.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 ESG NASDAQ 100 Index ETF (QQCE.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 QQCE.TO's 16.00% 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%

QQCE.TO

• 1D: 1.17%
• 1M: -4.14%
• 6M: 16.03%
• YTD: 16.00%
• 1Y: 28.81%
• 3Y*: 25.34%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.66%

*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)
PDC.TO Invesco Canadian Dividend Index ETF	CA$73.82K	CA$71.46K	CA$90.55K
QQCE.TO Invesco ESG NASDAQ 100 Index ETF	CA$593.19K	CA$814.71K	CA$1.99M

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

	2026 (YTD)	2025	2024	2023	2022	2021
PDC.TO Invesco Canadian Dividend Index ETF	25.42%	21.80%	16.38%	6.97%	-4.17%	1.26%
QQCE.TO Invesco ESG NASDAQ 100 Index ETF	16.00%	16.36%	36.67%	52.68%	-29.53%	4.00%

Correlation

The correlation between PDC.TO and QQCE.TO is 0.19, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.19
Correlation (3Y) Balances recent behavior with more history.	0.22
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021	0.20

Return for Risk

PDC.TO vs. QQCE.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

QQCE.TO

QQCE.TO Risk / Return Rank: 53
QQCE.TO Sharpe Ratio Rank: 56
QQCE.TO Sortino Ratio Rank: 52
QQCE.TO Omega Ratio Rank: 54
QQCE.TO Calmar Ratio Rank: 55
QQCE.TO Martin Ratio Rank: 48

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. QQCE.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 ESG NASDAQ 100 Index ETF (QQCE.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	QQCE.TO	Difference
Sharpe ratio: Return per unit of total volatility	4.44	1.35	+3.08
Sortino ratio: Return per unit of downside risk	5.75	1.86	+3.89
Omega ratio: Gain probability vs. loss probability	1.87	1.24	+0.63
Calmar ratio: Return relative to maximum drawdown	9.99	1.98	+8.01
Martin ratio: Return relative to average drawdown	36.59	5.55	+31.04

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

The current PDC.TO Sharpe Ratio is 4.44, which is higher than the QQCE.TO Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of PDC.TO and QQCE.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. QQCE.TO - Drawdown Comparison

The maximum PDC.TO drawdown since its inception was -41.93%, which is greater than QQCE.TO's maximum drawdown of -30.92%. Use the drawdown chart below to compare losses from any high point for PDC.TO and QQCE.TO.

Drawdown Indicators

	PDC.TO	QQCE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-41.93%	-30.92%	-11.01%
Max Drawdown (1Y) Largest decline over 1 year	-3.86%	-13.13%	+9.27%
Max Drawdown (3Y) Largest decline over 3 years	-10.43%	-22.70%	+12.27%
Max Drawdown (5Y) Largest decline over 5 years	-17.98%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.93%	—	—
Current Drawdown Current decline from peak	-1.06%	-7.49%	+6.43%
Average Drawdown Average peak-to-trough decline	-4.47%	-8.67%	+4.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.05%	4.68%	-3.63%

Volatility

PDC.TO vs. QQCE.TO - Volatility Comparison

The current volatility for Invesco Canadian Dividend Index ETF (PDC.TO) is 2.78%, while Invesco ESG NASDAQ 100 Index ETF (QQCE.TO) has a volatility of 6.72%. This indicates that PDC.TO experiences smaller price fluctuations and is considered to be less risky than QQCE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PDC.TO	QQCE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.78%	6.72%	-3.94%
Volatility (6M) Calculated over the trailing 6-month period	6.60%	15.85%	-9.25%
Volatility (1Y) Calculated over the trailing 1-year period	8.70%	19.25%	-10.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.85%	20.51%	-9.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.28%	20.51%	-5.23%

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

PDC.TO has a 0.58% expense ratio, which is higher than QQCE.TO's 0.21% expense ratio.

Dividends

PDC.TO vs. QQCE.TO - Dividend Comparison

PDC.TO's dividend yield for the trailing twelve months is around 3.17%, more than QQCE.TO's 0.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
QQCE.TO Invesco ESG NASDAQ 100 Index ETF	0.27%	0.32%	0.38%	0.44%	0.84%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

PDC.TO and QQCE.TO have a correlation of 0.19, 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 QQCE.TO?

On fees, QQCE.TO is cheaper at 0.21% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

QQCE.TO is cheaper with a 0.21% expense ratio, compared with 0.58% for PDC.TO.

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

PDC.TO is categorized as Dividend, while QQCE.TO is Nasdaq-100. PDC.TO tracks NASDAQ Select Canadian Dividend Index, while QQCE.TO tracks NASDAQ-100 ESG Index. Their fees differ too: 0.58% for PDC.TO and 0.21% for QQCE.TO.