PDN vs. DISV
Compare and contrast key facts about Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) and Dimensional International Small Cap Value ETF (DISV).
PDN and DISV 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. DISV is an actively managed fund by Dimensional. It was launched on Mar 23, 2022.
Performance
PDN vs. DISV - Performance Comparison
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PDN vs. DISV - 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% |
DISV Dimensional International Small Cap Value ETF | 3.83% | 47.42% | 5.87% | 19.52% | -9.72% |
Returns By Period
In the year-to-date period, PDN achieves a 3.50% return, which is significantly lower than DISV's 3.83% 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%
DISV
- 1D
- 3.14%
- 1M
- -8.65%
- YTD
- 3.83%
- 6M
- 11.28%
- 1Y
- 39.51%
- 3Y*
- 21.72%
- 5Y*
- —
- 10Y*
- —
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PDN vs. DISV - Expense Ratio Comparison
PDN has a 0.49% expense ratio, which is higher than DISV's 0.42% expense ratio.
Return for Risk
PDN vs. DISV — Risk / Return Rank
PDN
DISV
PDN vs. DISV - 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 Value ETF (DISV). 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 | DISV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.05 | 2.29 | -0.24 |
Sortino ratioReturn per unit of downside risk | 2.78 | 2.97 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.47 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.95 | 2.97 | -0.02 |
Martin ratioReturn relative to average drawdown | 11.91 | 12.04 | -0.13 |
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 | DISV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 2.29 | -0.24 |
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 | 0.86 | -0.60 |
Correlation
The correlation between PDN and DISV is 0.95, 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. DISV - Dividend Comparison
PDN's dividend yield for the trailing twelve months is around 3.29%, more than DISV's 2.55% 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% |
DISV Dimensional International Small Cap Value ETF | 2.55% | 2.69% | 2.77% | 2.73% | 1.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PDN vs. DISV - Drawdown Comparison
The maximum PDN drawdown since its inception was -59.32%, which is greater than DISV's maximum drawdown of -26.77%. Use the drawdown chart below to compare losses from any high point for PDN and DISV.
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Drawdown Indicators
| PDN | DISV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.32% | -26.77% | -32.55% |
Max Drawdown (1Y)Largest decline over 1 year | -11.26% | -12.69% | +1.43% |
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% | -8.65% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -11.68% | -4.95% | -6.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 3.13% | -0.34% |
Volatility
PDN vs. DISV - Volatility Comparison
Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) has a higher volatility of 7.69% compared to Dimensional International Small Cap Value ETF (DISV) at 7.19%. This indicates that PDN's price experiences larger fluctuations and is considered to be riskier than DISV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDN | DISV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.69% | 7.19% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 11.00% | 11.05% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.77% | 17.38% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 17.41% | -1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.99% | 17.41% | -0.42% |