PDN vs. DFIS
Compare and contrast key facts about Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) and Dimensional International Small Cap ETF (DFIS).
PDN and DFIS 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. DFIS is an actively managed fund by Dimensional. It was launched on Mar 23, 2022.
Performance
PDN vs. DFIS - Performance Comparison
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PDN vs. DFIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PDN Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF | 3.50% | 38.34% | 0.57% | 13.35% | -12.57% |
DFIS Dimensional International Small Cap ETF | 2.31% | 37.49% | 3.80% | 15.19% | -12.94% |
Returns By Period
In the year-to-date period, PDN achieves a 3.50% return, which is significantly higher than DFIS's 2.31% return.
PDN
- 1D
- 3.25%
- 1M
- -8.12%
- YTD
- 3.50%
- 6M
- 7.50%
- 1Y
- 34.17%
- 3Y*
- 15.65%
- 5Y*
- 6.49%
- 10Y*
- 8.23%
DFIS
- 1D
- 3.12%
- 1M
- -8.99%
- YTD
- 2.31%
- 6M
- 7.05%
- 1Y
- 33.50%
- 3Y*
- 16.25%
- 5Y*
- —
- 10Y*
- —
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PDN vs. DFIS - Expense Ratio Comparison
PDN has a 0.49% expense ratio, which is higher than DFIS's 0.39% expense ratio.
Return for Risk
PDN vs. DFIS — Risk / Return Rank
PDN
DFIS
PDN vs. DFIS - Risk-Adjusted Trends 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 Dimensional International Small Cap ETF (DFIS). 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.
| PDN | DFIS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.05 | 1.97 | +0.07 |
Sortino ratioReturn per unit of downside risk | 2.78 | 2.62 | +0.16 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.40 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.95 | 2.55 | +0.40 |
Martin ratioReturn relative to average drawdown | 11.91 | 10.38 | +1.53 |
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
| PDN | DFIS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 1.97 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.58 | -0.32 |
Correlation
The correlation between PDN and DFIS is 0.96, 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
PDN vs. DFIS - Dividend Comparison
PDN's dividend yield for the trailing twelve months is around 3.29%, more than DFIS's 2.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDN Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF | 3.29% | 3.36% | 3.36% | 3.16% | 2.68% | 2.42% | 1.79% | 2.60% | 2.21% | 2.42% | 2.16% | 2.06% |
DFIS Dimensional International Small Cap ETF | 2.18% | 2.23% | 2.19% | 2.36% | 1.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PDN vs. DFIS - Drawdown Comparison
The maximum PDN drawdown since its inception was -59.32%, which is greater than DFIS's maximum drawdown of -27.23%. Use the drawdown chart below to compare losses from any high point for PDN and DFIS.
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Drawdown Indicators
| PDN | DFIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.32% | -27.23% | -32.09% |
Max Drawdown (1Y)Largest decline over 1 year | -11.26% | -12.44% | +1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -33.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.94% | — | — |
Current DrawdownCurrent decline from peak | -8.12% | -8.99% | +0.87% |
Average DrawdownAverage peak-to-trough decline | -11.68% | -6.30% | -5.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 3.06% | -0.27% |
Volatility
PDN vs. DFIS - Volatility Comparison
Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) and Dimensional International Small Cap ETF (DFIS) have volatilities of 7.69% and 7.55%, 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
| PDN | DFIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.69% | 7.55% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 11.00% | 11.01% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.77% | 17.10% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 17.31% | -1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.99% | 17.31% | -0.32% |