Correlation
The correlation between PDN and VOO is 0.74, 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. VOO
Compare and contrast key facts about Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) and Vanguard S&P 500 ETF (VOO).
PDN and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both PDN and VOO 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 VOO.
Performance
PDN vs. VOO - Performance Comparison
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Key characteristics
PDN:
0.93
VOO:
0.74
PDN:
1.34
VOO:
1.04
PDN:
1.18
VOO:
1.15
PDN:
1.03
VOO:
0.68
PDN:
2.94
VOO:
2.58
PDN:
5.08%
VOO:
4.93%
PDN:
16.91%
VOO:
19.54%
PDN:
-59.32%
VOO:
-33.99%
PDN:
-0.01%
VOO:
-3.55%
Returns By Period
In the year-to-date period, PDN achieves a 18.39% return, which is significantly higher than VOO's 0.90% return. Over the past 10 years, PDN has underperformed VOO with an annualized return of 5.31%, while VOO has yielded a comparatively higher 12.81% annualized return.
PDN
18.39%
5.71%
14.41%
15.60%
7.77%
9.46%
5.31%
VOO
0.90%
6.28%
-1.46%
14.27%
14.31%
15.89%
12.81%
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PDN vs. VOO - Expense Ratio Comparison
PDN has a 0.49% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
PDN vs. VOO — Risk-Adjusted Performance Rank
PDN
VOO
PDN vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
PDN's dividend yield for the trailing twelve months is around 3.11%, more than VOO's 1.29% 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% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
PDN vs. VOO - Drawdown Comparison
The maximum PDN drawdown since its inception was -59.32%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PDN and VOO.
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Volatility
PDN vs. VOO - Volatility Comparison
The current volatility for Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) is 3.04%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.84%. This indicates that PDN experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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