PDN vs VOO
Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF vs Vanguard S&P 500 ETF
Which is better, PDN or VOO?
Mid Cap Growth against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PDN | VOO |
|---|---|---|
| Expense Ratio | 0.47% | 0.03%Best |
| AUM | $361M | $997.4B |
| Dividend Yield | 3.11% | 1.04% |
| Holdings | 1,591 | 509 |
| YTD Return | +11.89% | +14.14%Best |
| 1Y Return | +16.09% | +17.31%Best |
| 3Y Return (annualized) | +19.06% | +23.16%Best |
| 5Y Return (annualized) | +7.07% | +13.85%Best |
| Volatility (annualized) | 15.4% | 14.1%Best |
| Max Drawdown | -45.1% | -34.3%Best |
| $10,000 over 5 years | $14,071 | $19,128Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Blend |
| Inception | Sep 27, 2007 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 21, 2026 (16 years).
PDN vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 16 years both funds cover.
PDN vs VOO Performance
Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) is an ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year PDN returned +16.09% while VOO returned +17.31%. Year to date, PDN is up 11.89% versus a gain of 14.14% for VOO.
Over three years, PDN compounded at +19.06% per year against +23.16% for VOO; over five years the annualized figures are +7.07% and +13.85% respectively. Across the full 16-year window we track, VOO has the edge at +13.49% annualized vs +6.12%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PDN has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -45.1% for PDN and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PDN charges 0.47% per year while VOO charges 0.03%. On a $10,000 position that is $47 vs $3 annually, a gap of $44 per year that compounds over a long holding period. On income, PDN currently yields 3.11% against 1.04% for VOO.
Holdings Overlap
At least 0.1% of VOO's money is in holdings PDN also owns.
Stated as a floor: for PDN, our book for it covers 90.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
2 positions in common, counted across the 1,350 positions we hold weights for in PDN and 494 in VOO, against full books of 1,591 and 509.
You are not choosing between two funds in isolation.
Whichever of PDN and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PDN or VOO?
PDN has an expense ratio of 0.47% while VOO charges 0.03%. VOO is the cheaper option, by $44 a year on a $10,000 investment.
Which performed better, PDN or VOO?
Over the past year PDN returned +16.09% vs +17.31% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), PDN annualized +6.12% vs +13.49% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PDN or VOO?
PDN has been the more volatile fund at 15.4% annualized versus 14.1% for VOO. Worst drawdown: PDN -45.1% vs VOO -34.3%.
Should I hold both PDN and VOO?
PDN and VOO have a monthly-return correlation of 0.81, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, PDN or VOO?
PDN yields 3.11% while VOO yields 1.04%, so PDN currently pays the higher dividend yield.
Is VOO better than PDN?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.