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UDIV vs. PDC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UDIV vs. PDC.TO

Last updated Jun 4, 2026

UDIV (Franklin U.S. Core Dividend Tilt Index ETF) and PDC.TO (Invesco Canadian Dividend Index ETF) are both Dividend funds. Over the past 5 years, UDIV returned 14.04%/yr vs 10.00%/yr for PDC.TO. A 0.65 correlation means they provide meaningful diversification when combined. UDIV charges 0.06%/yr vs 0.58%/yr for PDC.TO.

Performance

UDIV vs. PDC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin U.S. Core Dividend Tilt Index ETF (UDIV) and Invesco Canadian Dividend Index ETF (PDC.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

UDIV 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, UDIV achieves a 14.99% return, which is significantly lower than PDC.TO's 17.55% return.

UDIV

1D
-0.69%
1M
6.05%
YTD
14.99%
6M
14.91%
1Y
33.63%
3Y*
24.66%
5Y*
14.04%
10Y*
—

PDC.TO

1D
-0.15%
1M
2.59%
YTD
17.55%
6M
17.76%
1Y
33.65%
3Y*
18.79%
5Y*
10.00%
10Y*
10.06%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UDIV vs. PDC.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
UDIV
Franklin U.S. Core Dividend Tilt Index ETF		14.99%19.00%25.61%25.21%-15.00%19.66%5.54%24.60%-8.83%17.44%
PDC.TO
Invesco Canadian Dividend Index ETF		17.55%27.45%6.97%9.17%-10.74%30.87%-3.81%30.99%-18.86%17.65%

Correlation

The correlation between UDIV and PDC.TO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.46

Correlation (3Y)
Calculated over the trailing 3-year period

0.54

Correlation (5Y)
Calculated over the trailing 5-year period

0.65

Correlation (All Time)
Calculated using the full available price history since Jun 6, 2016

0.65

The correlation between UDIV and PDC.TO shifts across timeframes, from 0.46 (1 year) to 0.65 (5 years), reflecting how their relationship changes across market environments.

UDIV vs. PDC.TO - Sectors Allocation Comparison

Sectors
UDIV
PDC.TO

Technology

39.0%
0.7%

Financial Services

11.3%
44.7%

Communication Services

10.7%
4.8%

Consumer Cyclical

8.7%
6.6%

Healthcare

7.4%

-

Industrials

5.8%
1.0%

Consumer Defensive

5.7%
0.8%

Energy

3.7%
21.8%

Real Estate

3.7%
2.3%

Utilities

3.0%
13.7%

Basic Materials

0.8%
3.5%

Technology

UDIV
39.0%
PDC.TO
0.7%

Financial Services

UDIV
11.3%
PDC.TO
44.7%

Communication Services

UDIV
10.7%
PDC.TO
4.8%

Consumer Cyclical

UDIV
8.7%
PDC.TO
6.6%

Healthcare

UDIV
7.4%
PDC.TO

-

Industrials

UDIV
5.8%
PDC.TO
1.0%

Consumer Defensive

UDIV
5.7%
PDC.TO
0.8%

Energy

UDIV
3.7%
PDC.TO
21.8%

Real Estate

UDIV
3.7%
PDC.TO
2.3%

Utilities

UDIV
3.0%
PDC.TO
13.7%

Basic Materials

UDIV
0.8%
PDC.TO
3.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Franklin U.S. Core Dividend Tilt Index ETF

Invesco Canadian Dividend Index ETF

Often compared with UDIV:
UDIV vs. VYMUDIV vs. SCHDUDIV vs. HIDVUDIV vs. DDIVUDIV vs. DIVIUDIV vs. MBOXUDIV vs. LVHD
Often compared with PDC.TO:
PDC.TO vs. XDIV.TOPDC.TO vs. RCD.TOPDC.TO vs. VDY.TOPDC.TO vs. PDIV.TOPDC.TO vs. RBNK.TOPDC.TO vs. XDV.TOPDC.TO vs. DFND

Return for Risk

UDIV vs. PDC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UDIV
UDIV Risk / Return Rank: 8383
Overall Rank
UDIV Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
UDIV Sortino Ratio Rank: 8484
Sortino Ratio Rank
UDIV Omega Ratio Rank: 8484
Omega Ratio Rank
UDIV Calmar Ratio Rank: 7878
Calmar Ratio Rank
UDIV Martin Ratio Rank: 8686
Martin Ratio Rank
PDC.TO
PDC.TO Risk / Return Rank: 9696
Overall Rank
PDC.TO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
PDC.TO Sortino Ratio Rank: 9696
Sortino Ratio Rank
PDC.TO Omega Ratio Rank: 9797
Omega Ratio Rank
PDC.TO Calmar Ratio Rank: 9696
Calmar Ratio Rank
PDC.TO Martin Ratio Rank: 9696
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UDIV vs. PDC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin U.S. Core Dividend Tilt Index ETF (UDIV) 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.

UDIVPDC.TODifference

Sharpe ratio

Return per unit of total volatility

2.83

3.44

-0.61

Sortino ratio

Return per unit of downside risk

3.81

4.55

-0.74

Omega ratio

Gain probability vs. loss probability

1.52

1.65

-0.13

Calmar ratio

Return relative to maximum drawdown

4.00

6.75

-2.75

Martin ratio

Return relative to average drawdown

18.28

23.12

-4.84

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UDIV vs. PDC.TO - Sharpe Ratio Comparison

The current UDIV Sharpe Ratio is 2.83, which is comparable to the PDC.TO Sharpe Ratio of 3.44. The chart below compares the historical Sharpe Ratios of UDIV and PDC.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

UDIVPDC.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.83

3.44

-0.61

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.91

0.68

+0.23

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.54

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.74

0.45

+0.29

Drawdowns

UDIV vs. PDC.TO - Drawdown Comparison

The maximum UDIV drawdown since its inception was -35.21%, smaller than the maximum PDC.TO drawdown of -47.11%. Use the drawdown chart below to compare losses from any high point for UDIV and PDC.TO.

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Drawdown Indicators

UDIVPDC.TODifference

Max Drawdown

Largest peak-to-trough decline

-35.21%

-47.11%

+11.90%

Max Drawdown (1Y)

Largest decline over 1 year

-8.44%

-5.00%

-3.44%

Max Drawdown (3Y)

Largest decline over 3 years

-19.19%

-15.42%

-3.77%

Max Drawdown (5Y)

Largest decline over 5 years

-23.18%

-26.36%

+3.18%

Max Drawdown (10Y)

Largest decline over 10 years

-35.21%

-47.11%

+11.90%

Current Drawdown

Current decline from peak

-0.69%

-0.85%

+0.16%

Average Drawdown

Average peak-to-trough decline

-4.64%

-8.53%

+3.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.84%

1.46%

+0.38%

Volatility

UDIV vs. PDC.TO - Volatility Comparison

Franklin U.S. Core Dividend Tilt Index ETF (UDIV) and Invesco Canadian Dividend Index ETF (PDC.TO) have volatilities of 2.98% and 3.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UDIVPDC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.98%

3.01%

-0.03%

Volatility (6M)

Calculated over the trailing 6-month period

8.99%

8.19%

+0.80%

Volatility (1Y)

Calculated over the trailing 1-year period

11.95%

9.83%

+2.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.51%

14.77%

+0.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.27%

18.74%

-2.47%

UDIV vs. PDC.TO - Expense Ratio Comparison

UDIV has a 0.06% expense ratio, which is lower than PDC.TO's 0.58% expense ratio.

Dividends

UDIV vs. PDC.TO - Dividend Comparison

UDIV's dividend yield for the trailing twelve months is around 1.40%, less than PDC.TO's 3.26% yield.

PositionTTM20252024202320222021202020192018201720162015
PDC.TO
Invesco Canadian Dividend Index ETF		3.26%3.84%4.29%4.56%4.05%3.49%4.85%4.14%4.90%4.05%3.61%4.20%
UDIV
Franklin U.S. Core Dividend Tilt Index ETF		1.40%1.53%2.05%1.91%3.20%2.97%2.90%3.40%3.74%3.47%1.63%0.00%

Frequently Asked Questions

UDIV and PDC.TO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, UDIV is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

UDIV is cheaper with a 0.06% expense ratio, compared with 0.58% for PDC.TO.

They also come from different issuers: Franklin Templeton and Invesco. Their fees differ too: 0.06% for UDIV and 0.58% for PDC.TO.

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