PDC.TO vs. XDV.TO
Compare and contrast key facts about Invesco Canadian Dividend Index ETF (PDC.TO) and iShares Canadian Select Dividend Index ETF (XDV.TO).
PDC.TO and XDV.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. XDV.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada GR CAD. It was launched on Dec 19, 2005.
Performance
PDC.TO vs. XDV.TO - Performance Comparison
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PDC.TO vs. XDV.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% | 10.06% |
XDV.TO iShares Canadian Select Dividend Index ETF | 6.02% | 24.80% | 21.08% | 7.83% | -8.70% | 29.08% | -0.64% | 21.04% | -12.68% | 10.85% |
Returns By Period
In the year-to-date period, PDC.TO achieves a 9.18% return, which is significantly higher than XDV.TO's 6.02% return. Both investments have delivered pretty close results over the past 10 years, with PDC.TO having a 10.43% annualized return and XDV.TO not far ahead at 10.67%.
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%
XDV.TO
- 1D
- 1.66%
- 1M
- -1.78%
- YTD
- 6.02%
- 6M
- 12.67%
- 1Y
- 30.91%
- 3Y*
- 18.06%
- 5Y*
- 12.33%
- 10Y*
- 10.67%
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PDC.TO vs. XDV.TO - Expense Ratio Comparison
PDC.TO has a 0.58% expense ratio, which is higher than XDV.TO's 0.55% expense ratio.
Return for Risk
PDC.TO vs. XDV.TO — Risk / Return Rank
PDC.TO
XDV.TO
PDC.TO vs. XDV.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 Canadian Select Dividend Index ETF (XDV.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 | XDV.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.10 | 3.05 | +0.05 |
Sortino ratioReturn per unit of downside risk | 3.72 | 3.77 | -0.04 |
Omega ratioGain probability vs. loss probability | 1.68 | 1.65 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 3.76 | 4.11 | -0.35 |
Martin ratioReturn relative to average drawdown | 19.20 | 19.15 | +0.05 |
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 | XDV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | 3.05 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.20 | 1.15 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.73 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.54 | +0.17 |
Correlation
The correlation between PDC.TO and XDV.TO is 0.80, 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. XDV.TO - Dividend Comparison
PDC.TO's dividend yield for the trailing twelve months is around 3.57%, more than XDV.TO's 3.26% 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% |
XDV.TO iShares Canadian Select Dividend Index ETF | 3.26% | 3.46% | 4.20% | 4.46% | 4.34% | 3.69% | 4.55% | 4.01% | 4.68% | 3.47% | 3.72% | 4.52% |
Drawdowns
PDC.TO vs. XDV.TO - Drawdown Comparison
The maximum PDC.TO drawdown since its inception was -41.94%, smaller than the maximum XDV.TO drawdown of -48.79%. Use the drawdown chart below to compare losses from any high point for PDC.TO and XDV.TO.
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Drawdown Indicators
| PDC.TO | XDV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.94% | -48.79% | +6.85% |
Max Drawdown (1Y)Largest decline over 1 year | -8.43% | -7.77% | -0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -18.24% | -20.59% | +2.35% |
Max Drawdown (10Y)Largest decline over 10 years | -41.94% | -39.09% | -2.85% |
Current DrawdownCurrent decline from peak | -1.72% | -2.26% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -4.61% | -6.97% | +2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.67% | -0.02% |
Volatility
PDC.TO vs. XDV.TO - Volatility Comparison
The current volatility for Invesco Canadian Dividend Index ETF (PDC.TO) is 3.33%, while iShares Canadian Select Dividend Index ETF (XDV.TO) has a volatility of 4.10%. This indicates that PDC.TO experiences smaller price fluctuations and is considered to be less risky than XDV.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 | XDV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 4.10% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 6.85% | 7.18% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.03% | 10.20% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.76% | 10.80% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.28% | 14.68% | +0.60% |