Correlation
The correlation between PDN and AVDV is 0.72, 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.
PDN vs. AVDV
Compare and contrast key facts about Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) and Avantis International Small Cap Value ETF (AVDV).
PDN and AVDV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PDN is a passively managed fund by Invesco that tracks the performance of the FTSE RAFI Developed x US Mid/Small. It was launched on Sep 27, 2007. AVDV is an actively managed fund by American Century Investments. It was launched on Sep 24, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PDN or AVDV.
Performance
PDN vs. AVDV - Performance Comparison
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Key characteristics
PDN:
0.93
AVDV:
1.07
PDN:
1.34
AVDV:
1.49
PDN:
1.18
AVDV:
1.21
PDN:
1.03
AVDV:
1.33
PDN:
2.94
AVDV:
4.67
PDN:
5.08%
AVDV:
4.04%
PDN:
16.91%
AVDV:
18.35%
PDN:
-59.32%
AVDV:
-43.01%
PDN:
-0.00%
AVDV:
-0.03%
Returns By Period
The year-to-date returns for both investments are quite close, with PDN having a 18.40% return and AVDV slightly higher at 18.90%.
PDN
18.40%
4.65%
14.43%
14.77%
7.77%
9.46%
5.31%
AVDV
18.90%
6.15%
17.32%
18.27%
12.79%
15.48%
N/A
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PDN vs. AVDV - Expense Ratio Comparison
PDN has a 0.49% expense ratio, which is higher than AVDV's 0.36% expense ratio.
Risk-Adjusted Performance
PDN vs. AVDV — Risk-Adjusted Performance Rank
PDN
AVDV
PDN vs. AVDV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) and Avantis International Small Cap Value ETF (AVDV). 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.
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Dividends
PDN vs. AVDV - Dividend Comparison
PDN's dividend yield for the trailing twelve months is around 3.11%, less than AVDV's 3.62% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDN Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF | 3.11% | 3.36% | 3.16% | 2.68% | 2.42% | 1.79% | 2.60% | 2.21% | 2.42% | 2.16% | 2.06% | 1.96% |
AVDV Avantis International Small Cap Value ETF | 3.62% | 4.31% | 3.29% | 3.17% | 2.39% | 1.67% | 0.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PDN vs. AVDV - Drawdown Comparison
The maximum PDN drawdown since its inception was -59.32%, which is greater than AVDV's maximum drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for PDN and AVDV.
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Volatility
PDN vs. AVDV - Volatility Comparison
Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) has a higher volatility of 3.04% compared to Avantis International Small Cap Value ETF (AVDV) at 2.74%. This indicates that PDN's price experiences larger fluctuations and is considered to be riskier than AVDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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