PDIV.TO vs. PDC.TO
Compare and contrast key facts about Purpose Enhanced Dividend Fund ETF (PDIV.TO) and Invesco Canadian Dividend Index ETF (PDC.TO).
PDIV.TO and PDC.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PDIV.TO is an actively managed fund by Purpose Investments. It was launched on Jan 2, 2018. PDC.TO is managed by Invesco.
Performance
PDIV.TO vs. PDC.TO - Performance Comparison
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PDIV.TO vs. PDC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDIV.TO Purpose Enhanced Dividend Fund ETF | 1.14% | 15.82% | 10.71% | 4.64% | -4.40% | 20.18% | -1.15% | 23.57% | -15.24% | 26.84% |
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% |
Returns By Period
In the year-to-date period, PDIV.TO achieves a 1.14% return, which is significantly lower than PDC.TO's 9.18% return. Over the past 10 years, PDIV.TO has underperformed PDC.TO with an annualized return of 8.91%, while PDC.TO has yielded a comparatively higher 10.43% annualized return.
PDIV.TO
- 1D
- 1.48%
- 1M
- -3.00%
- YTD
- 1.14%
- 6M
- 5.00%
- 1Y
- 13.80%
- 3Y*
- 9.78%
- 5Y*
- 7.84%
- 10Y*
- 8.91%
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%
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PDIV.TO vs. PDC.TO - Expense Ratio Comparison
PDIV.TO has a 0.77% expense ratio, which is higher than PDC.TO's 0.58% expense ratio.
Return for Risk
PDIV.TO vs. PDC.TO — Risk / Return Rank
PDIV.TO
PDC.TO
PDIV.TO vs. PDC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Enhanced Dividend Fund ETF (PDIV.TO) and Invesco Canadian Dividend Index ETF (PDC.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.
| PDIV.TO | PDC.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.45 | 3.10 | -1.65 |
Sortino ratioReturn per unit of downside risk | 1.99 | 3.72 | -1.73 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.68 | -0.35 |
Calmar ratioReturn relative to maximum drawdown | 1.74 | 3.76 | -2.02 |
Martin ratioReturn relative to average drawdown | 8.94 | 19.20 | -10.26 |
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
| PDIV.TO | PDC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | 3.10 | -1.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 1.20 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.69 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.71 | -0.12 |
Correlation
The correlation between PDIV.TO and PDC.TO is 0.35, 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
PDIV.TO vs. PDC.TO - Dividend Comparison
PDIV.TO's dividend yield for the trailing twelve months is around 12.30%, more than PDC.TO's 3.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDIV.TO Purpose Enhanced Dividend Fund ETF | 12.30% | 12.24% | 12.35% | 11.84% | 6.38% | 5.59% | 6.33% | 5.85% | 6.80% | 25.71% | 5.38% | 8.10% |
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% |
Drawdowns
PDIV.TO vs. PDC.TO - Drawdown Comparison
The maximum PDIV.TO drawdown since its inception was -30.64%, smaller than the maximum PDC.TO drawdown of -41.94%. Use the drawdown chart below to compare losses from any high point for PDIV.TO and PDC.TO.
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Drawdown Indicators
| PDIV.TO | PDC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.64% | -41.94% | +11.30% |
Max Drawdown (1Y)Largest decline over 1 year | -8.36% | -8.43% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -14.96% | -18.24% | +3.28% |
Max Drawdown (10Y)Largest decline over 10 years | -30.64% | -41.94% | +11.30% |
Current DrawdownCurrent decline from peak | -3.25% | -1.72% | -1.53% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -4.61% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.65% | -0.02% |
Volatility
PDIV.TO vs. PDC.TO - Volatility Comparison
Purpose Enhanced Dividend Fund ETF (PDIV.TO) and Invesco Canadian Dividend Index ETF (PDC.TO) have volatilities of 3.48% and 3.33%, 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
| PDIV.TO | PDC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 3.33% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 5.58% | 6.85% | -1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.56% | 10.03% | -0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.89% | 10.76% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.96% | 15.28% | -1.32% |