PDC.TO vs. VUDV.TO
PDC.TO (Invesco Canadian Dividend Index ETF) and VUDV.TO (Vanguard U.S. High Dividend Yield Index ETF) are both Dividend funds. At a 0.39 correlation, their price movements are largely independent. PDC.TO charges 0.58%/yr vs 0.28%/yr for VUDV.TO.
Performance
PDC.TO vs. VUDV.TO - Performance Comparison
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Returns By Period
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%
VUDV.TO
- 1D
- 0.00%
- 1M
- 4.69%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PDC.TO vs. VUDV.TO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
PDC.TO Invesco Canadian Dividend Index ETF | 8.95% |
VUDV.TO Vanguard U.S. High Dividend Yield Index ETF | 8.94% |
Correlation
The correlation between PDC.TO and VUDV.TO is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026 | 0.39 |
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Return for Risk
PDC.TO vs. VUDV.TO — Risk / Return Rank
PDC.TO
VUDV.TO
PDC.TO vs. VUDV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Canadian Dividend Index ETF (PDC.TO) and Vanguard U.S. High Dividend Yield Index ETF (VUDV.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.
| PDC.TO | VUDV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.89 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 9.20 | — | — |
| Martin ratioReturn relative to average drawdown | 34.01 | — | — |
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 | VUDV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.30 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.22 | — | — |
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 | 7.57 | -6.82 |
Drawdowns
PDC.TO vs. VUDV.TO - Drawdown Comparison
The maximum PDC.TO drawdown since its inception was -41.94%, which is greater than VUDV.TO's maximum drawdown of -0.68%. Use the drawdown chart below to compare losses from any high point for PDC.TO and VUDV.TO.
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Drawdown Indicators
| PDC.TO | VUDV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.94% | -0.68% | -41.26% |
Max Drawdown (1Y)Largest decline over 1 year | -3.86% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -10.91% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.24% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.94% | — | — |
Current DrawdownCurrent decline from peak | -0.26% | 0.00% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -4.56% | -0.16% | -4.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | — | — |
Volatility
PDC.TO vs. VUDV.TO - Volatility Comparison
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Volatility by Period
| PDC.TO | VUDV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.24% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 8.27% | 7.57% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.84% | 7.57% | +3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.29% | 7.57% | +7.72% |
PDC.TO vs. VUDV.TO - Expense Ratio Comparison
PDC.TO has a 0.58% expense ratio, which is higher than VUDV.TO's 0.28% expense ratio.
Dividends
PDC.TO vs. VUDV.TO - Dividend Comparison
PDC.TO's dividend yield for the trailing twelve months is around 3.26%, while VUDV.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VUDV.TO Vanguard U.S. High Dividend Yield Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PDC.TO and VUDV.TO have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUDV.TO is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUDV.TO is cheaper with a 0.28% expense ratio, compared with 0.58% for PDC.TO.
They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.58% for PDC.TO and 0.28% for VUDV.TO.
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