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

PDC.TO vs. UDIV

Last updated Jun 4, 2026

PDC.TO (Invesco Canadian Dividend Index ETF) and UDIV (Franklin U.S. Core Dividend Tilt Index ETF) are both Dividend funds. Over the past 5 years, PDC.TO returned 13.12%/yr vs 17.30%/yr for UDIV. At a 0.48 correlation, their price movements are largely independent. PDC.TO charges 0.58%/yr vs 0.06%/yr for UDIV.

Performance

PDC.TO vs. UDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Invesco Canadian Dividend Index ETF (PDC.TO) and Franklin U.S. Core Dividend Tilt Index ETF (UDIV). 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 UDIV is traded in USD. To make them comparable, the UDIV 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 higher than UDIV's 16.46% 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%

UDIV

1D
-0.28%
1M
8.17%
YTD
16.46%
6M
14.46%
1Y
35.35%
3Y*
26.11%
5Y*
17.30%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PDC.TO vs. UDIV - 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%
UDIV
Franklin U.S. Core Dividend Tilt Index ETF		16.46%13.54%36.40%22.45%-8.94%18.58%3.76%18.47%-1.10%9.96%

Correlation

The correlation between PDC.TO and UDIV is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.35

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

0.42

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

0.48

Correlation (All Time)
Calculated using the full available price history since Jun 6, 2016

0.48

The correlation between PDC.TO and UDIV shifts across timeframes, from 0.35 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.

PDC.TO vs. UDIV - Sectors Allocation Comparison

Sectors
PDC.TO
UDIV

Financial Services

44.7%
11.3%

Energy

21.8%
3.7%

Utilities

13.7%
3.0%

Consumer Cyclical

6.6%
8.7%

Communication Services

4.8%
10.7%

Basic Materials

3.5%
0.8%

Real Estate

2.3%
3.7%

Industrials

1.0%
5.8%

Consumer Defensive

0.8%
5.7%

Technology

0.7%
39.0%

Healthcare

-

7.4%

Financial Services

PDC.TO
44.7%
UDIV
11.3%

Energy

PDC.TO
21.8%
UDIV
3.7%

Utilities

PDC.TO
13.7%
UDIV
3.0%

Consumer Cyclical

PDC.TO
6.6%
UDIV
8.7%

Communication Services

PDC.TO
4.8%
UDIV
10.7%

Basic Materials

PDC.TO
3.5%
UDIV
0.8%

Real Estate

PDC.TO
2.3%
UDIV
3.7%

Industrials

PDC.TO
1.0%
UDIV
5.8%

Consumer Defensive

PDC.TO
0.8%
UDIV
5.7%

Technology

PDC.TO
0.7%
UDIV
39.0%

Healthcare

PDC.TO

-

UDIV
7.4%

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

Franklin U.S. Core Dividend Tilt Index 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 UDIV:
UDIV vs. VYMUDIV vs. SCHDUDIV vs. HIDVUDIV vs. DDIVUDIV vs. DIVIUDIV vs. MBOXUDIV vs. LVHD

Return for Risk

PDC.TO vs. UDIV — 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
UDIV
UDIV Risk / Return Rank: 8383
Overall Rank
UDIV Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
UDIV Sortino Ratio Rank: 8484
Sortino Ratio Rank
UDIV Omega Ratio Rank: 8484
Omega Ratio Rank
UDIV Calmar Ratio Rank: 7878
Calmar Ratio Rank
UDIV Martin Ratio Rank: 8686
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. UDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Canadian Dividend Index ETF (PDC.TO) and Franklin U.S. Core Dividend Tilt Index ETF (UDIV). 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.TOUDIVDifference

Sharpe ratio

Return per unit of total volatility

4.30

3.03

+1.27

Sortino ratio

Return per unit of downside risk

5.59

4.01

+1.58

Omega ratio

Gain probability vs. loss probability

1.89

1.58

+0.31

Calmar ratio

Return relative to maximum drawdown

9.20

5.13

+4.07

Martin ratio

Return relative to average drawdown

34.01

20.40

+13.61

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. UDIV - Sharpe Ratio Comparison

The current PDC.TO Sharpe Ratio is 4.30, which is higher than the UDIV Sharpe Ratio of 3.03. The chart below compares the historical Sharpe Ratios of PDC.TO and UDIV, 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.TOUDIVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.30

3.03

+1.27

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.22

1.28

-0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.71

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.75

0.89

-0.13

Drawdowns

PDC.TO vs. UDIV - Drawdown Comparison

The maximum PDC.TO drawdown since its inception was -41.94%, which is greater than UDIV's maximum drawdown of -29.05%. Use the drawdown chart below to compare losses from any high point for PDC.TO and UDIV.

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Drawdown Indicators

PDC.TOUDIVDifference

Max Drawdown

Largest peak-to-trough decline

-41.94%

-29.05%

-12.89%

Max Drawdown (1Y)

Largest decline over 1 year

-3.86%

-6.93%

+3.07%

Max Drawdown (3Y)

Largest decline over 3 years

-10.91%

-19.09%

+8.18%

Max Drawdown (5Y)

Largest decline over 5 years

-18.24%

-19.09%

+0.85%

Max Drawdown (10Y)

Largest decline over 10 years

-41.94%

-29.05%

-12.89%

Current Drawdown

Current decline from peak

-0.26%

-0.28%

+0.02%

Average Drawdown

Average peak-to-trough decline

-4.56%

-3.36%

-1.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.04%

1.74%

-0.70%

Volatility

PDC.TO vs. UDIV - Volatility Comparison

Invesco Canadian Dividend Index ETF (PDC.TO) and Franklin U.S. Core Dividend Tilt Index ETF (UDIV) have volatilities of 2.97% and 2.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PDC.TOUDIVDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.97%

2.93%

+0.04%

Volatility (6M)

Calculated over the trailing 6-month period

7.24%

8.92%

-1.68%

Volatility (1Y)

Calculated over the trailing 1-year period

8.27%

11.76%

-3.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.84%

13.63%

-2.79%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.29%

14.52%

+0.77%

PDC.TO vs. UDIV - Expense Ratio Comparison

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

Dividends

PDC.TO vs. UDIV - Dividend Comparison

PDC.TO's dividend yield for the trailing twelve months is around 3.26%, more than UDIV's 1.40% 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%
UDIV
Franklin U.S. Core Dividend Tilt Index ETF		1.40%1.53%2.05%1.91%3.20%2.97%2.90%3.40%3.74%3.47%1.63%0.00%

Frequently Asked Questions

PDC.TO and UDIV have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

They also come from different issuers: Invesco and Franklin Templeton. Their fees differ too: 0.58% for PDC.TO and 0.06% for UDIV.

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