PDN vs SPY
Comparison between INVESCO FTSE RAFI DEVELOPED MARKETS EX-U.S. SMALL-MID ETF (PDN, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed PDN, delivering a return of +13.3% compared to +5.9%
PDN vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PDN
$389M
Winner
SPY
$735B
Expense Ratio
PDN
0.47%
Winner
SPY
0.09%
Max Drawdown
PDN
60.08%
Winner
SPY
56.47%
Sharpe Ratio
PDN
1.24
Winner
SPY
1.62
5Y Beta
Winner
PDN
0.69
SPY
1.00
P/E Ratio
PDN
N/A
SPY
28.99
Forward P/E
PDN
N/A
SPY
22.37
5Y Dividends CAGR
Winner
PDN
16.82%
SPY
5.43%
5Y EPS CAGR
PDN
N/A
SPY
26.05%
Debt to Equity
PDN
N/A
SPY
32.40%
P/S Ratio
PDN
N/A
SPY
3.74
P/B Ratio
PDN
N/A
SPY
5.61
PDN vs SPY - Holdings Comparison
PDN and SPY have 1 common holdings. Overlap is -0.22%
PDN's top 25 holdings weight is 4.79%. SPY's top 25 holdings weight is 52.37%.
| Rank | PDN | SPY |
|---|---|---|
| #1 | HANWHA AEROSPACE CO LTD (n/a) - 0.30% | NVIDIA CORP (NVDA) - 8.10% |
| #2 | DOOSAN CORP ORDINARY SHARES (n/a) - 0.30% | APPLE INC (AAPL) - 7.02% |
| #3 | SUMITOMO PHARMA CO LTD (n/a) - 0.27% | MICROSOFT CORP (MSFT) - 4.79% |
| #4 | IAMGOLD CORP (n/a) - 0.25% | AMAZON.COM INC (AMZN) - 4.02% |
| #5 | SSR MINING INC (n/a) - 0.22% | ALPHABET INC CLASS A (GOOGL) - 3.51% |
| #6 | ELDORADO GOLD CORP (n/a) - 0.22% | BROADCOM INC (AVGO) - 3.10% |
| #7 | KOREA INVESTMENT HOLDINGS CO LTD (n/a) - 0.20% | ALPHABET INC CLASS C (GOOG) - 2.79% |
| #8 | ELBIT SYSTEMS LTD (n/a) - 0.20% | META PLATFORMS INC CLASS A (META) - 2.08% |
| #9 | FRESNILLO PLC (n/a) - 0.19% | TESLA INC (TSLA) - 1.89% |
| #10 | ALAMOS GOLD INC CLASS A (n/a) - 0.18% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | HACHIJUNI BANK LTD (n/a) - 0.18% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #12 | SOLAREDGE TECHNOLOGIES INC (SEDG) - 0.18% | ELI LILLY AND CO (LLY) - 1.31% |
| #13 | KINDEN CORP (n/a) - 0.18% | JPMORGAN CHASE & CO (JPM) - 1.28% |
| #14 | ASICS CORP (n/a) - 0.18% | ADVANCED MICRO DEVICES INC (AMD) - 1.27% |
| #15 | ASMPT LTD (n/a) - 0.18% | EXXON MOBIL CORP (XOM) - 0.97% |
| #16 | CENTERRA GOLD INC (n/a) - 0.17% | INTEL CORP (INTC) - 0.90% |
| #17 | OCEANAGOLD CORP (n/a) - 0.17% | JOHNSON & JOHNSON (JNJ) - 0.86% |
| #18 | n/a (EQX) - 0.17% | VISA INC CLASS A (V) - 0.85% |
| #19 | TOWER SEMICONDUCTOR LTD (n/a) - 0.17% | WALMART INC (WMT) - 0.81% |
| #20 | CAMECO CORP (n/a) - 0.17% | CISCO SYSTEMS INC (CSCO) - 0.72% |
| #21 | TOHO CO LTD (n/a) - 0.15% | COSTCO WHOLESALE CORP (COST) - 0.69% |
| #22 | BECHTLE AG (n/a) - 0.14% | CATERPILLAR INC (CAT) - 0.66% |
| #23 | PLUS500 LTD (n/a) - 0.14% | MASTERCARD INC CLASS A (MA) - 0.62% |
| #24 | CHOW TAI FOOK JEWELLERY GROUP LTD (n/a) - 0.14% | LAM RESEARCH CORP (LRCX) - 0.62% |
| #25 | MITSUI E&S CO LTD (n/a) - 0.14% | ABBVIE INC (ABBV) - 0.58% |
| Total Holdings | 1787 | 505 |
PDN vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
PDN
-3.14%
Winner
SPY
+1.90%
3M
PDN
+1.24%
Winner
SPY
+8.55%
6M
Winner
PDN
+9.51%
SPY
+8.18%
1Y
PDN
+23.14%
Winner
SPY
+25.79%
5Y(CAGR)
PDN
+5.86%
Winner
SPY
+13.32%
10Y(CAGR)
PDN
+8.07%
Winner
SPY
+15.19%
Max(CAGR)
PDN
+5.60%
Winner
SPY
+8.47%
PDN vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | PDN | SPY |
|---|---|---|
| 2026 | +6.71% | +8.26% |
| 2025 | +38.01% | +18.00% |
| 2024 | +1.90% | +25.59% |
| 2023 | +13.05% | +26.72% |
| 2022 | -17.78% | -18.64% |
| 2021 | +8.57% | +30.52% |
| 2020 | +9.69% | +17.28% |
| 2019 | +18.83% | +31.09% |
| 2018 | -18.83% | -5.24% |
| 2017 | +29.71% | +20.78% |
| 2016 | +8.84% | +13.59% |
| 2015 | +2.02% | +1.31% |
| 2014 | -3.77% | +14.56% |
| 2013 | +19.38% | +29.00% |
| 2012 | +14.16% | +14.17% |
| 2011 | -15.10% | +0.85% |
| 2010 | +14.90% | +13.14% |
| 2009 | +51.56% | +22.67% |
| 2008 | -40.50% | -36.25% |
| 2007 | -4.91% | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
PDN vs SPY Drawdown Comparison
The maximum drawdown for PDN was -59.30%, occurring on Mar 9, 2009. Recovery took 798 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current PDN drawdown is -5.10%. The current SPY drawdown is -2.90%.
| Rank | PDN | SPY |
|---|---|---|
| #1 | -59.30% Nov 1, 2007 - Jan 3, 2011 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -41.92% Jan 26, 2018 - Dec 15, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -33.67% Sep 3, 2021 - May 5, 2025 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -24.21% May 2, 2011 - Apr 25, 2013 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -20.59% May 15, 2015 - Feb 10, 2017 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -14.31% Jul 3, 2014 - May 15, 2015 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -11.26% Feb 27, 2026 - May 6, 2026 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -10.18% Feb 7, 2011 - Apr 26, 2011 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -9.84% May 21, 2013 - Aug 2, 2013 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -6.89% Oct 22, 2013 - Feb 24, 2014 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -6.02% Jun 8, 2021 - Sep 2, 2021 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -5.10% May 8, 2026 - Jun 5, 2026 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -5.04% Oct 27, 2025 - Nov 28, 2025 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -4.33% Mar 6, 2014 - May 29, 2014 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -4.28% Aug 14, 2013 - Sep 9, 2013 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between PDN and SPY is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (1999 - 2026)
PDN vs SPY dividend yield comparison.
| Year | PDN | SPY |
|---|---|---|
| 2026 | 0.63% | 0.24% |
| 2025 | 3.36% | 1.07% |
| 2024 | 3.36% | 1.21% |
| 2023 | 3.16% | 1.40% |
| 2022 | 2.68% | 1.65% |
| 2021 | 2.42% | 1.20% |
| 2020 | 1.79% | 1.52% |
| 2019 | 2.60% | 1.75% |
| 2018 | 2.21% | 2.04% |
| 2017 | 2.42% | 1.80% |
| 2016 | 2.16% | 2.03% |
| 2015 | 2.06% | 2.06% |
| 2014 | 1.95% | 1.87% |
| 2013 | 2.15% | 1.81% |
| 2012 | 2.31% | 2.18% |
| 2011 | 2.42% | 2.05% |
| 2010 | 1.80% | 1.80% |
| 2009 | 3.37% | 1.95% |
| 2008 | 2.44% | 3.02% |
| 2007 | 0.14% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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