PDN vs. ZEA.TO
Compare and contrast key facts about Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) and BMO MSCI EAFE Index ETF (ZEA.TO).
PDN and ZEA.TO 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. ZEA.TO is a passively managed fund by BMO that tracks the performance of the MSCI EAFE Index. It was launched on Feb 10, 2014. Both PDN and ZEA.TO 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 ZEA.TO.
Correlation
The correlation between PDN and ZEA.TO is 0.79, 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.
Performance
PDN vs. ZEA.TO - Performance Comparison
Key characteristics
PDN:
0.78
ZEA.TO:
1.50
PDN:
1.15
ZEA.TO:
2.12
PDN:
1.14
ZEA.TO:
1.26
PDN:
0.74
ZEA.TO:
2.55
PDN:
2.16
ZEA.TO:
8.18
PDN:
4.78%
ZEA.TO:
1.97%
PDN:
13.30%
ZEA.TO:
10.70%
PDN:
-59.32%
ZEA.TO:
-27.80%
PDN:
-5.38%
ZEA.TO:
-0.52%
Returns By Period
The year-to-date returns for both investments are quite close, with PDN having a 7.08% return and ZEA.TO slightly higher at 7.13%. Over the past 10 years, PDN has underperformed ZEA.TO with an annualized return of 4.81%, while ZEA.TO has yielded a comparatively higher 6.65% annualized return.
PDN
7.08%
4.15%
1.50%
9.85%
4.90%
4.81%
ZEA.TO
7.13%
3.75%
6.64%
16.29%
8.19%
6.65%
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PDN vs. ZEA.TO - Expense Ratio Comparison
PDN has a 0.49% expense ratio, which is higher than ZEA.TO's 0.22% expense ratio.
Risk-Adjusted Performance
PDN vs. ZEA.TO — Risk-Adjusted Performance Rank
PDN
ZEA.TO
PDN vs. ZEA.TO - 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 BMO MSCI EAFE Index ETF (ZEA.TO). 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.
Dividends
PDN vs. ZEA.TO - Dividend Comparison
PDN's dividend yield for the trailing twelve months is around 3.13%, more than ZEA.TO's 2.60% 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 | 3.13% | 3.36% | 3.16% | 2.68% | 2.42% | 1.79% | 2.60% | 2.21% | 2.42% | 2.16% | 2.06% | 1.96% |
ZEA.TO BMO MSCI EAFE Index ETF | 2.60% | 2.78% | 3.02% | 3.08% | 2.49% | 2.74% | 2.95% | 3.05% | 2.40% | 2.80% | 2.43% | 2.37% |
Drawdowns
PDN vs. ZEA.TO - Drawdown Comparison
The maximum PDN drawdown since its inception was -59.32%, which is greater than ZEA.TO's maximum drawdown of -27.80%. Use the drawdown chart below to compare losses from any high point for PDN and ZEA.TO. For additional features, visit the drawdowns tool.
Volatility
PDN vs. ZEA.TO - Volatility Comparison
Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) has a higher volatility of 3.19% compared to BMO MSCI EAFE Index ETF (ZEA.TO) at 2.81%. This indicates that PDN's price experiences larger fluctuations and is considered to be riskier than ZEA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.