Correlation
The correlation between PDN and FNDC is 0.73, 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. FNDC
Compare and contrast key facts about Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) and Schwab Fundamental International Small Co. Index ETF (FNDC).
PDN and FNDC 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. FNDC is a passively managed fund by Charles Schwab that tracks the performance of the Russell RAFI Small Company Developed x US. It was launched on Aug 15, 2013. Both PDN and FNDC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PDN or FNDC.
Performance
PDN vs. FNDC - Performance Comparison
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Key characteristics
PDN:
0.93
FNDC:
1.02
PDN:
1.34
FNDC:
1.50
PDN:
1.18
FNDC:
1.20
PDN:
1.03
FNDC:
1.34
PDN:
2.94
FNDC:
3.35
PDN:
5.08%
FNDC:
4.81%
PDN:
16.91%
FNDC:
16.20%
PDN:
-59.32%
FNDC:
-43.22%
PDN:
-0.00%
FNDC:
-0.05%
Returns By Period
The year-to-date returns for both stocks are quite close, with PDN having a 18.40% return and FNDC slightly lower at 17.84%. Over the past 10 years, PDN has underperformed FNDC with an annualized return of 5.31%, while FNDC has yielded a comparatively higher 5.96% annualized return.
PDN
18.40%
4.65%
14.43%
14.77%
7.77%
9.46%
5.31%
FNDC
17.84%
4.68%
14.29%
15.71%
9.03%
10.87%
5.96%
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PDN vs. FNDC - Expense Ratio Comparison
PDN has a 0.49% expense ratio, which is higher than FNDC's 0.39% expense ratio.
Risk-Adjusted Performance
PDN vs. FNDC — Risk-Adjusted Performance Rank
PDN
FNDC
PDN vs. FNDC - 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 Schwab Fundamental International Small Co. Index ETF (FNDC). 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. FNDC - Dividend Comparison
PDN's dividend yield for the trailing twelve months is around 3.11%, more than FNDC's 3.05% 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% |
FNDC Schwab Fundamental International Small Co. Index ETF | 3.05% | 3.59% | 2.86% | 1.98% | 2.58% | 1.77% | 2.71% | 2.68% | 1.94% | 1.95% | 1.30% | 1.61% |
Drawdowns
PDN vs. FNDC - Drawdown Comparison
The maximum PDN drawdown since its inception was -59.32%, which is greater than FNDC's maximum drawdown of -43.22%. Use the drawdown chart below to compare losses from any high point for PDN and FNDC.
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Volatility
PDN vs. FNDC - Volatility Comparison
Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) has a higher volatility of 3.04% compared to Schwab Fundamental International Small Co. Index ETF (FNDC) at 2.72%. This indicates that PDN's price experiences larger fluctuations and is considered to be riskier than FNDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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