PDN vs CEMB
Comparison between INVESCO FTSE RAFI DEVELOPED MARKETS EX-U.S. SMALL-MID ETF (PDN, ETF) and ISHARES J.P. MORGAN EM CORPORATE BOND ETF (CEMB, ETF).
5-Year PerformancePDN has outperformed CEMB, delivering a return of +5.9% compared to +1.9%
PDN vs CEMB - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
PDN vs CEMB - Historical Returns
Returns include dividend reinvestment.
PDN vs CEMB - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | PDN | CEMB |
|---|---|---|
| 2026 | +6.71% | +1.16% |
| 2025 | +38.01% | +8.77% |
| 2024 | +1.90% | +6.15% |
| 2023 | +13.05% | +8.26% |
| 2022 | -17.78% | -12.21% |
| 2021 | +8.57% | -0.61% |
| 2020 | +9.69% | +6.46% |
| 2019 | +18.83% | +13.74% |
| 2018 | -18.83% | -3.04% |
| 2017 | +29.71% | +6.77% |
| 2016 | +8.84% | +10.83% |
| 2015 | +2.02% | -1.70% |
| 2014 | -3.77% | +0.11% |
| 2013 | +19.38% | -5.29% |
| 2012 | +14.16% | +9.22% |
| 2011 | -15.10% | N/A |
| 2010 | +14.90% | N/A |
| 2009 | +51.56% | N/A |
| 2008 | -40.50% | N/A |
| 2007 | -4.91% | N/A |
PDN vs CEMB Drawdown Comparison
The maximum drawdown for PDN was -59.30%, occurring on Mar 9, 2009. Recovery took 798 trading sessions.
The maximum drawdown for CEMB was -20.84%, occurring on Mar 19, 2020. Recovery took 114 trading sessions.
The current PDN drawdown is -5.10%. The current CEMB drawdown is -0.66%.
| Rank | PDN | CEMB |
|---|---|---|
| #1 | -59.30% Nov 1, 2007 - Jan 3, 2011 | -20.84% Feb 21, 2020 - Aug 4, 2020 |
| #2 | -41.92% Jan 26, 2018 - Dec 15, 2020 | -20.49% Sep 13, 2021 - Sep 27, 2024 |
| #3 | -33.67% Sep 3, 2021 - May 5, 2025 | -11.84% May 2, 2013 - Jun 2, 2014 |
| #4 | -24.21% May 2, 2011 - Apr 25, 2013 | -9.58% May 11, 2015 - Apr 4, 2016 |
| #5 | -20.59% May 15, 2015 - Feb 10, 2017 | -7.73% Jul 10, 2014 - Apr 24, 2015 |
| #6 | -14.31% Jul 3, 2014 - May 15, 2015 | -5.60% Jan 11, 2018 - Feb 4, 2019 |
| #7 | -11.26% Feb 27, 2026 - May 6, 2026 | -4.05% Oct 25, 2016 - Jan 9, 2017 |
| #8 | -10.18% Feb 7, 2011 - Apr 26, 2011 | -3.10% Feb 28, 2025 - May 29, 2025 |
| #9 | -9.84% May 21, 2013 - Aug 2, 2013 | -2.88% Feb 27, 2026 - Jun 1, 2026 |
| #10 | -6.89% Oct 22, 2013 - Feb 24, 2014 | -2.75% May 7, 2012 - Jun 21, 2012 |
| #11 | -6.02% Jun 8, 2021 - Sep 2, 2021 | -2.49% Feb 10, 2021 - Jun 15, 2021 |
| #12 | -5.10% May 8, 2026 - Jun 5, 2026 | -2.49% May 12, 2016 - Jul 8, 2016 |
| #13 | -5.04% Oct 27, 2025 - Nov 28, 2025 | -2.29% Jan 24, 2013 - Apr 5, 2013 |
| #14 | -4.33% Mar 6, 2014 - May 29, 2014 | -2.11% Sep 27, 2024 - Feb 24, 2025 |
| #15 | -4.28% Aug 14, 2013 - Sep 9, 2013 | -2.11% Sep 11, 2012 - Oct 16, 2012 |
Correlation
Correlation between PDN and CEMB is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (2007 - 2026)
PDN vs CEMB dividend yield comparison.
| Year | PDN | CEMB |
|---|---|---|
| 2026 | 0.63% | 2.14% |
| 2025 | 3.36% | 5.14% |
| 2024 | 3.36% | 5.11% |
| 2023 | 3.16% | 4.77% |
| 2022 | 2.68% | 4.29% |
| 2021 | 2.42% | 3.51% |
| 2020 | 1.79% | 3.86% |
| 2019 | 2.60% | 4.19% |
| 2018 | 2.21% | 4.66% |
| 2017 | 2.42% | 4.06% |
| 2016 | 2.16% | 4.26% |
| 2015 | 2.06% | 4.76% |
| 2014 | 1.95% | 4.23% |
| 2013 | 2.15% | 3.93% |
| 2012 | 2.31% | 2.50% |
| 2011 | 2.42% | 0.00% |
| 2010 | 1.80% | 0.00% |
| 2009 | 3.37% | 0.00% |
| 2008 | 2.44% | 0.00% |
| 2007 | 0.14% | 0.00% |
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