PDN vs. DXIV
Compare and contrast key facts about Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) and Dimensional International Vector Equity ETF (DXIV).
PDN and DXIV 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. DXIV is an actively managed fund by Dimensional Fund Advisors. It was launched on Sep 10, 2024.
Performance
PDN vs. DXIV - Performance Comparison
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PDN vs. DXIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PDN Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF | 3.50% | 38.34% | -6.18% |
DXIV Dimensional International Vector Equity ETF | 4.02% | 39.12% | -4.40% |
Returns By Period
In the year-to-date period, PDN achieves a 3.50% return, which is significantly lower than DXIV's 4.02% 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%
DXIV
- 1D
- 2.83%
- 1M
- -7.40%
- YTD
- 4.02%
- 6M
- 10.85%
- 1Y
- 33.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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PDN vs. DXIV - Expense Ratio Comparison
PDN has a 0.49% expense ratio, which is higher than DXIV's 0.30% expense ratio.
Return for Risk
PDN vs. DXIV — Risk / Return Rank
PDN
DXIV
PDN vs. DXIV - 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 Vector Equity ETF (DXIV). 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 | DXIV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.05 | 2.04 | +0.01 |
Sortino ratioReturn per unit of downside risk | 2.78 | 2.76 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.42 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.95 | 2.95 | 0.00 |
Martin ratioReturn relative to average drawdown | 11.91 | 11.97 | -0.06 |
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 | DXIV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 2.04 | +0.01 |
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 | 1.53 | -1.27 |
Correlation
The correlation between PDN and DXIV is 0.94, 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. DXIV - Dividend Comparison
PDN's dividend yield for the trailing twelve months is around 3.29%, more than DXIV's 2.44% 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% |
DXIV Dimensional International Vector Equity ETF | 2.44% | 2.50% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PDN vs. DXIV - Drawdown Comparison
The maximum PDN drawdown since its inception was -59.32%, which is greater than DXIV's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for PDN and DXIV.
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Drawdown Indicators
| PDN | DXIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.32% | -13.71% | -45.61% |
Max Drawdown (1Y)Largest decline over 1 year | -11.26% | -11.05% | -0.21% |
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% | -7.40% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -11.68% | -2.47% | -9.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.73% | +0.06% |
Volatility
PDN vs. DXIV - 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 Vector Equity ETF (DXIV) at 6.95%. This indicates that PDN's price experiences larger fluctuations and is considered to be riskier than DXIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDN | DXIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.69% | 6.95% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 11.00% | 10.28% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.77% | 16.63% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 15.41% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.99% | 15.41% | +1.58% |