PDC.TO vs. XDIV.TO
Compare and contrast key facts about Invesco Canadian Dividend Index ETF (PDC.TO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO).
PDC.TO and XDIV.TO 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. XDIV.TO is a passively managed fund by iShares that tracks the performance of the MSCI Canada High Dividend Yield 10% Security Capped Index. It was launched on Jun 12, 2017.
Performance
PDC.TO vs. XDIV.TO - Performance Comparison
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PDC.TO vs. XDIV.TO - 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% | 7.33% |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 8.31% | 24.92% | 19.56% | 11.71% | 0.29% | 32.25% | -7.81% | 24.84% | -10.04% | 8.48% |
Returns By Period
In the year-to-date period, PDC.TO achieves a 9.18% return, which is significantly higher than XDIV.TO's 8.31% 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%
XDIV.TO
- 1D
- 0.79%
- 1M
- 2.40%
- YTD
- 8.31%
- 6M
- 13.89%
- 1Y
- 28.03%
- 3Y*
- 20.18%
- 5Y*
- 15.78%
- 10Y*
- —
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PDC.TO vs. XDIV.TO - Expense Ratio Comparison
PDC.TO has a 0.58% expense ratio, which is higher than XDIV.TO's 0.11% expense ratio.
Return for Risk
PDC.TO vs. XDIV.TO — Risk / Return Rank
PDC.TO
XDIV.TO
PDC.TO vs. XDIV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Canadian Dividend Index ETF (PDC.TO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.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 | XDIV.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.10 | 2.82 | +0.28 |
Sortino ratioReturn per unit of downside risk | 3.72 | 3.37 | +0.35 |
Omega ratioGain probability vs. loss probability | 1.68 | 1.62 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 3.76 | 2.78 | +0.98 |
Martin ratioReturn relative to average drawdown | 19.20 | 14.46 | +4.74 |
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 | XDIV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | 2.82 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.20 | 1.52 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.74 | -0.03 |
Correlation
The correlation between PDC.TO and XDIV.TO is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PDC.TO vs. XDIV.TO - Dividend Comparison
PDC.TO's dividend yield for the trailing twelve months is around 3.57%, which matches XDIV.TO's 3.58% 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% |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 3.58% | 3.81% | 4.29% | 4.20% | 3.95% | 3.58% | 4.58% | 4.02% | 4.85% | 1.82% | 0.00% | 0.00% |
Drawdowns
PDC.TO vs. XDIV.TO - Drawdown Comparison
The maximum PDC.TO drawdown since its inception was -41.94%, roughly equal to the maximum XDIV.TO drawdown of -41.30%. Use the drawdown chart below to compare losses from any high point for PDC.TO and XDIV.TO.
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Drawdown Indicators
| PDC.TO | XDIV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.94% | -41.30% | -0.64% |
Max Drawdown (1Y)Largest decline over 1 year | -8.43% | -10.53% | +2.10% |
Max Drawdown (5Y)Largest decline over 5 years | -18.24% | -17.60% | -0.64% |
Max Drawdown (10Y)Largest decline over 10 years | -41.94% | — | — |
Current DrawdownCurrent decline from peak | -1.72% | 0.00% | -1.72% |
Average DrawdownAverage peak-to-trough decline | -4.61% | -4.32% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 2.02% | -0.37% |
Volatility
PDC.TO vs. XDIV.TO - Volatility Comparison
Invesco Canadian Dividend Index ETF (PDC.TO) has a higher volatility of 3.33% compared to iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) at 2.71%. This indicates that PDC.TO's price experiences larger fluctuations and is considered to be riskier than XDIV.TO 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 | XDIV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 2.71% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 6.85% | 5.79% | +1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.03% | 10.03% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.76% | 10.43% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.28% | 16.10% | -0.82% |