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

PDC.TO vs. SCHD

Last updated Jun 4, 2026

PDC.TO (Invesco Canadian Dividend Index ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both Dividend funds. Over the past 10 years, PDC.TO returned 10.86%/yr vs 13.54%/yr for SCHD. At a 0.46 correlation, their price movements are largely independent. PDC.TO charges 0.58%/yr vs 0.06%/yr for SCHD.

Performance

PDC.TO vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Invesco Canadian Dividend Index ETF (PDC.TO) and Schwab U.S. Dividend Equity ETF (SCHD). 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 SCHD is traded in USD. To make them comparable, the SCHD 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 19.02% return, which is significantly lower than SCHD's 20.03% return. Over the past 10 years, PDC.TO has underperformed SCHD with an annualized return of 10.86%, while SCHD has yielded a comparatively higher 13.54% annualized return.

PDC.TO

1D
0.25%
1M
4.67%
YTD
19.02%
6M
17.30%
1Y
35.38%
3Y*
20.15%
5Y*
13.12%
10Y*
10.86%

SCHD

1D
0.00%
1M
4.32%
YTD
20.03%
6M
17.69%
1Y
28.28%
3Y*
16.27%
5Y*
11.36%
10Y*
13.54%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PDC.TO vs. SCHD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PDC.TO
Invesco Canadian Dividend Index ETF		19.02%21.62%16.14%6.74%-4.34%29.91%-5.70%24.75%-12.03%10.06%
SCHD
Schwab U.S. Dividend Equity ETF		20.52%-0.44%21.25%2.24%3.64%28.70%13.08%21.03%2.45%13.15%

Correlation

The correlation between PDC.TO and SCHD is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.44

Correlation (3Y)
Calculated over the trailing 3-year period

0.52

Correlation (5Y)
Calculated over the trailing 5-year period

0.54

Correlation (10Y)
Calculated over the trailing 10-year period

0.53

Correlation (All Time)
Calculated using the full available price history since Oct 21, 2011

0.46

The correlation between PDC.TO and SCHD has been stable across timeframes, ranging from 0.44 to 0.54 - a consistent structural relationship.

PDC.TO vs. SCHD - Sectors Allocation Comparison

Sectors
PDC.TO
SCHD

Financial Services

44.7%
9.3%

Energy

21.8%
16.2%

Utilities

13.7%
0.0%

Consumer Cyclical

6.6%
6.3%

Communication Services

4.8%
6.3%

Basic Materials

3.5%
1.2%

Real Estate

2.3%

-

Industrials

1.0%
7.5%

Consumer Defensive

0.8%
19.2%

Technology

0.7%
16.4%

Healthcare

-

18.8%

Financial Services

PDC.TO
44.7%
SCHD
9.3%

Energy

PDC.TO
21.8%
SCHD
16.2%

Utilities

PDC.TO
13.7%
SCHD
0.0%

Consumer Cyclical

PDC.TO
6.6%
SCHD
6.3%

Communication Services

PDC.TO
4.8%
SCHD
6.3%

Basic Materials

PDC.TO
3.5%
SCHD
1.2%

Real Estate

PDC.TO
2.3%
SCHD

-

Industrials

PDC.TO
1.0%
SCHD
7.5%

Consumer Defensive

PDC.TO
0.8%
SCHD
19.2%

Technology

PDC.TO
0.7%
SCHD
16.4%

Healthcare

PDC.TO

-

SCHD
18.8%

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

Schwab U.S. Dividend Equity ETF

Often compared with PDC.TO:
PDC.TO vs. XDIV.TOPDC.TO vs. RCD.TOPDC.TO vs. VDY.TOPDC.TO vs. PDIV.TOPDC.TO vs. RBNK.TOPDC.TO vs. XDV.TOPDC.TO vs. DFND
Often compared with SCHD:
SCHD vs. VOOSCHD vs. VYMSCHD vs. SPYSCHD vs. SCHGSCHD vs. JEPISCHD vs. FDVVSCHD vs. VIG

Return for Risk

PDC.TO vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PDC.TO
PDC.TO Risk / Return Rank: 9696
Overall Rank
PDC.TO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
PDC.TO Sortino Ratio Rank: 9696
Sortino Ratio Rank
PDC.TO Omega Ratio Rank: 9797
Omega Ratio Rank
PDC.TO Calmar Ratio Rank: 9696
Calmar Ratio Rank
PDC.TO Martin Ratio Rank: 9696
Martin Ratio Rank
SCHD
SCHD Risk / Return Rank: 8080
Overall Rank
SCHD Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
SCHD Sortino Ratio Rank: 8484
Sortino Ratio Rank
SCHD Omega Ratio Rank: 7373
Omega Ratio Rank
SCHD Calmar Ratio Rank: 9191
Calmar Ratio Rank
SCHD Martin Ratio Rank: 7575
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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

This table presents a comparison of risk-adjusted performance metrics for Invesco Canadian Dividend Index ETF (PDC.TO) and Schwab U.S. Dividend Equity ETF (SCHD). 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.TOSCHDDifference

Sharpe ratio

Return per unit of total volatility

4.30

2.57

+1.73

Sortino ratio

Return per unit of downside risk

5.59

3.98

+1.61

Omega ratio

Gain probability vs. loss probability

1.89

1.47

+0.42

Calmar ratio

Return relative to maximum drawdown

9.20

6.61

+2.59

Martin ratio

Return relative to average drawdown

34.01

19.13

+14.88

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PDC.TO vs. SCHD - Sharpe Ratio Comparison

The current PDC.TO Sharpe Ratio is 4.30, which is higher than the SCHD Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of PDC.TO and SCHD, 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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Sharpe Ratios by Period

PDC.TOSCHDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.30

2.57

+1.73

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.22

0.90

+0.31

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.71

0.90

-0.18

Sharpe Ratio (All Time)

Calculated using the full available price history

0.75

1.12

-0.37

Drawdowns

PDC.TO vs. SCHD - Drawdown Comparison

The maximum PDC.TO drawdown since its inception was -41.94%, which is greater than SCHD's maximum drawdown of -26.93%. Use the drawdown chart below to compare losses from any high point for PDC.TO and SCHD.

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Drawdown Indicators

PDC.TOSCHDDifference

Max Drawdown

Largest peak-to-trough decline

-41.94%

-26.93%

-15.01%

Max Drawdown (1Y)

Largest decline over 1 year

-3.86%

-4.30%

+0.44%

Max Drawdown (3Y)

Largest decline over 3 years

-10.91%

-15.30%

+4.39%

Max Drawdown (5Y)

Largest decline over 5 years

-18.24%

-15.30%

-2.94%

Max Drawdown (10Y)

Largest decline over 10 years

-41.94%

-26.93%

-15.01%

Current Drawdown

Current decline from peak

-0.26%

-1.22%

+0.96%

Average Drawdown

Average peak-to-trough decline

-4.56%

-2.86%

-1.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.04%

1.48%

-0.44%

Volatility

PDC.TO vs. SCHD - Volatility Comparison

Invesco Canadian Dividend Index ETF (PDC.TO) has a higher volatility of 2.97% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.63%. This indicates that PDC.TO's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PDC.TOSCHDDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.97%

2.63%

+0.34%

Volatility (6M)

Calculated over the trailing 6-month period

7.24%

8.23%

-0.99%

Volatility (1Y)

Calculated over the trailing 1-year period

8.27%

11.10%

-2.83%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.84%

12.63%

-1.79%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.29%

15.18%

+0.11%

PDC.TO vs. SCHD - Expense Ratio Comparison

PDC.TO has a 0.58% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

PDC.TO vs. SCHD - Dividend Comparison

PDC.TO's dividend yield for the trailing twelve months is around 3.26%, which matches SCHD's 3.26% yield.

PositionTTM20252024202320222021202020192018201720162015
PDC.TO
Invesco Canadian Dividend Index ETF		3.26%3.84%4.29%4.56%4.05%3.49%4.85%4.14%4.90%4.05%3.61%4.20%
SCHD
Schwab U.S. Dividend Equity ETF		3.26%3.82%3.64%3.49%3.39%2.78%3.16%2.98%3.06%2.63%2.89%2.97%

Frequently Asked Questions

PDC.TO and SCHD have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SCHD is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SCHD is cheaper with a 0.06% expense ratio, compared with 0.58% for PDC.TO.

They also come from different issuers: Invesco and Charles Schwab. Their fees differ too: 0.58% for PDC.TO and 0.06% for SCHD.

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