PDC.TO vs. SPHQ
Compare and contrast key facts about Invesco Canadian Dividend Index ETF (PDC.TO) and Invesco S&P 500 Quality ETF (SPHQ).
PDC.TO and SPHQ 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. SPHQ is a passively managed fund by Invesco that tracks the performance of the S&P 500 Quality Index. It was launched on Dec 6, 2005.
Performance
PDC.TO vs. SPHQ - Performance Comparison
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PDC.TO vs. SPHQ - 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% |
SPHQ Invesco S&P 500 Quality ETF | 1.93% | 8.06% | 36.22% | 22.08% | -9.76% | 26.87% | 15.38% | 27.07% | 0.78% | 11.52% |
Different Trading Currencies
PDC.TO is traded in CAD, while SPHQ is traded in USD. To make them comparable, the SPHQ 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 SPHQ's 1.93% return. Over the past 10 years, PDC.TO has underperformed SPHQ with an annualized return of 10.43%, while SPHQ has yielded a comparatively higher 14.29% 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%
SPHQ
- 1D
- 2.24%
- 1M
- -4.91%
- YTD
- 1.93%
- 6M
- 3.20%
- 1Y
- 10.91%
- 3Y*
- 19.32%
- 5Y*
- 14.84%
- 10Y*
- 14.29%
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PDC.TO vs. SPHQ - Expense Ratio Comparison
PDC.TO has a 0.58% expense ratio, which is higher than SPHQ's 0.15% expense ratio.
Return for Risk
PDC.TO vs. SPHQ — Risk / Return Rank
PDC.TO
SPHQ
PDC.TO vs. SPHQ - 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 500 Quality ETF (SPHQ). 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 | SPHQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.10 | 0.65 | +2.45 |
Sortino ratioReturn per unit of downside risk | 3.72 | 1.02 | +2.71 |
Omega ratioGain probability vs. loss probability | 1.68 | 1.14 | +0.54 |
Calmar ratioReturn relative to maximum drawdown | 3.76 | 1.09 | +2.66 |
Martin ratioReturn relative to average drawdown | 19.20 | 4.37 | +14.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PDC.TO | SPHQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | 0.65 | +2.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.20 | 1.03 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.88 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 1.06 | -0.35 |
Correlation
The correlation between PDC.TO and SPHQ is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PDC.TO vs. SPHQ - Dividend Comparison
PDC.TO's dividend yield for the trailing twelve months is around 3.57%, more than SPHQ's 1.19% 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% |
SPHQ Invesco S&P 500 Quality ETF | 1.19% | 1.09% | 1.15% | 1.42% | 1.85% | 1.19% | 1.55% | 1.51% | 1.85% | 1.57% | 1.67% | 2.29% |
Drawdowns
PDC.TO vs. SPHQ - Drawdown Comparison
The maximum PDC.TO drawdown since its inception was -41.94%, which is greater than SPHQ's maximum drawdown of -25.18%. Use the drawdown chart below to compare losses from any high point for PDC.TO and SPHQ.
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Drawdown Indicators
| PDC.TO | SPHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.94% | -57.83% | +15.89% |
Max Drawdown (1Y)Largest decline over 1 year | -8.43% | -10.84% | +2.41% |
Max Drawdown (5Y)Largest decline over 5 years | -18.24% | -25.04% | +6.80% |
Max Drawdown (10Y)Largest decline over 10 years | -41.94% | -31.60% | -10.34% |
Current DrawdownCurrent decline from peak | -1.72% | -6.75% | +5.03% |
Average DrawdownAverage peak-to-trough decline | -4.61% | -10.78% | +6.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 2.45% | -0.80% |
Volatility
PDC.TO vs. SPHQ - Volatility Comparison
The current volatility for Invesco Canadian Dividend Index ETF (PDC.TO) is 3.33%, while Invesco S&P 500 Quality ETF (SPHQ) has a volatility of 5.39%. This indicates that PDC.TO experiences smaller price fluctuations and is considered to be less risky than SPHQ 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 | SPHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 5.39% | -2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 6.85% | 9.67% | -2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.03% | 16.92% | -6.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.76% | 14.48% | -3.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.28% | 16.23% | -0.95% |