SPDG vs. PDC.TO
Compare and contrast key facts about SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) and Invesco Canadian Dividend Index ETF (PDC.TO).
SPDG and PDC.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPDG is a passively managed fund by State Street that tracks the performance of the S&P Sector-Neutral High Yield Dividend Aristocrats Index. It was launched on Sep 11, 2023. PDC.TO is managed by Invesco.
Performance
SPDG vs. PDC.TO - Performance Comparison
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SPDG vs. PDC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF | 2.97% | 11.66% | 20.22% | 8.14% |
PDC.TO Invesco Canadian Dividend Index ETF | 7.78% | 27.45% | 6.97% | 7.88% |
Different Trading Currencies
SPDG is traded in USD, while PDC.TO is traded in CAD. To make them comparable, the PDC.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPDG achieves a 2.97% return, which is significantly lower than PDC.TO's 7.78% return.
SPDG
- 1D
- 1.61%
- 1M
- -5.04%
- YTD
- 2.97%
- 6M
- 5.24%
- 1Y
- 13.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PDC.TO
- 1D
- 1.22%
- 1M
- -2.94%
- YTD
- 7.78%
- 6M
- 10.35%
- 1Y
- 35.45%
- 3Y*
- 16.04%
- 5Y*
- 10.50%
- 10Y*
- 9.68%
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SPDG vs. PDC.TO - Expense Ratio Comparison
SPDG has a 0.05% expense ratio, which is lower than PDC.TO's 0.58% expense ratio.
Return for Risk
SPDG vs. PDC.TO — Risk / Return Rank
SPDG
PDC.TO
SPDG vs. PDC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) and Invesco Canadian Dividend Index ETF (PDC.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.
| SPDG | PDC.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.85 | 3.01 | -2.16 |
Sortino ratioReturn per unit of downside risk | 1.26 | 3.74 | -2.48 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.63 | -0.45 |
Calmar ratioReturn relative to maximum drawdown | 1.27 | 4.24 | -2.97 |
Martin ratioReturn relative to average drawdown | 4.92 | 20.96 | -16.04 |
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
| SPDG | PDC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 3.01 | -2.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.72 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.21 | 0.42 | +0.79 |
Correlation
The correlation between SPDG and PDC.TO is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SPDG vs. PDC.TO - Dividend Comparison
SPDG's dividend yield for the trailing twelve months is around 2.94%, less than PDC.TO's 3.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF | 2.94% | 2.87% | 2.61% | 0.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PDC.TO Invesco Canadian Dividend Index ETF | 3.57% | 3.84% | 4.29% | 4.56% | 4.05% | 3.49% | 4.85% | 4.14% | 4.90% | 4.05% | 3.61% | 4.20% |
Drawdowns
SPDG vs. PDC.TO - Drawdown Comparison
The maximum SPDG drawdown since its inception was -15.67%, smaller than the maximum PDC.TO drawdown of -47.11%. Use the drawdown chart below to compare losses from any high point for SPDG and PDC.TO.
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Drawdown Indicators
| SPDG | PDC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.67% | -41.94% | +26.27% |
Max Drawdown (1Y)Largest decline over 1 year | -11.84% | -8.43% | -3.41% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.94% | — |
Current DrawdownCurrent decline from peak | -6.79% | -1.72% | -5.07% |
Average DrawdownAverage peak-to-trough decline | -2.21% | -4.61% | +2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 1.65% | +1.40% |
Volatility
SPDG vs. PDC.TO - Volatility Comparison
SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) has a higher volatility of 3.98% compared to Invesco Canadian Dividend Index ETF (PDC.TO) at 3.46%. This indicates that SPDG's price experiences larger fluctuations and is considered to be riskier than PDC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPDG | PDC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 3.46% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 9.07% | 7.94% | +1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.15% | 11.85% | +4.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.21% | 14.76% | -0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.21% | 18.80% | -4.59% |