VS
Compare Invesco Canadian Dividend Index ETF (PDC) vs Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY) to find the best fit for your portfolio. PDC and VDY provide the same top sector exposures: Financials, Energy, and Utilities. When evaluating costs, PDC features a management fee (MER) of 0.5%, compared to 0.2% for VDY. Performance-wise, PDC has returned 12.71% year-to-date with -$38 M in net flows, whereas VDY is at 12.94% with +$940 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
PDC
VDY
| AuM | $977.38 M | $7,212.31 M |
| Management Fees | 0.50% | 0.20% |
| Exp. ratio | 0.54% | 0.22% |
| Tracking Difference | -0.90% | -0.02% |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | PDC | +3.87% | +9.81% | +12.71% | +42.03% | +67.95% |
VDY | +4.55% | +10.29% | +12.94% | +49.09% | +88.92% | |
| Flows | PDC | -$2 M | -$35 M | -$38 M | -$62 M | -$212 M |
VDY | +$284 M | +$740 M | +$940 M | +$1,968 M | +$2,977 M |
PDC vs VDY exposure
Countries
PDC
Canada
96.65%
VDY
Canada
99.51%
Sectors
PDC
Financials
40.97%
Energy
23.46%
Utilities
13.07%
Other
22.50%
VDY
Financials
52.27%
Energy
31.07%
Other
16.66%
As of April 24, 2026
Top 10 Holdings
PDC
ENBRIDGE
8.61%
TORONTO DOMINION
7.86%
CDN IMPERIAL BK
7.70%
BANK OF MONTREAL
7.67%
BNS
7.48%
CDN NATURAL RESOURCE
4.79%
NUTRIEN LTD
4.21%
PEMBINA PIPELINE
4.21%
FORTIS
4.05%
MANULIFE-S
3.96%
VDY
ROYAL BK CANADA
14.07%
TORONTO DOMINION
9.76%
ENBRIDGE
7.35%
CDN NATURAL RESOURCE
6.20%
BANK OF MONTREAL
5.97%
CDN IMPERIAL BK
5.54%
BNS
5.38%
SUNCOR ENERGY
4.95%
TC ENERGY CORP
4.04%
MANULIFE-S
3.60%
Diversification
PDC
Total weight of top 10 holdings out of 46 total
60.54%
VDY
Total weight of top 10 holdings out of 61 total
66.86%
Characteristics
Compare
PDC
VDY
| Provider | Invesco | Vanguard |
| Management | Passively managed | Passively managed |
| Benchmark | NASDAQ Select Canadian Dividend Total Return Index - CAD | FTSE Canada High Dividend Yield Net Tax Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.46% | 3.60% |
| Meets ESG criteria | No | No |
| Inception Date | June 16, 2011 | November 2, 2012 |
Frequently asked questions about PDC and VDY
Which ETF has performed better year to date: PDC or VDY?
As of April 24, 2026, PDC has returned 12.71% year to date, while VDY has returned 12.94%. VDY is ahead on YTD performance.
Which ETF is larger by assets under management: PDC or VDY?
As of April 24, 2026, PDC manages $977.38 M in assets, while VDY manages $7.21 B. VDY is the larger fund by AUM.
How are PDC and VDY managed?
PDC is passively managed by Invesco. It tracks the NASDAQ Select Canadian Dividend Total Return Index - CAD benchmark. VDY is passively managed by Vanguard. It tracks the FTSE Canada High Dividend Yield Net Tax Index - CAD benchmark.
What sectors do PDC and VDY emphasize?
PDC is most exposed to Financials, Energy, and Utilities. VDY is most exposed to Financials, Energy, and Utilities.
Which ETF is attracting more investor flows: PDC or VDY?
Year to date, PDC has seen -$37.54 M in net flows, compared with +$940.34 M for VDY. VDY has attracted more net investor money so far.
How do the fees of PDC and VDY compare?
PDC has an expense ratio of 0.54%, while VDY has an expense ratio of 0.22%.
What are the top holdings of PDC and VDY?
PDC's largest holdings include ENBRIDGE, TORONTO DOMINION, and CDN IMPERIAL BK. VDY's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and ENBRIDGE.
Which ETF is more diversified: PDC or VDY?
PDC holds 43 securities, while VDY holds 58. On holdings count, VDY is the more diversified portfolio.
Recent articles about PDC and VDY
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.