PDNvsFNDCETF Comparison
ETF 1
PDN
Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF
This fund is part of
DM Blended Cap
-1.02%
VS
ETF 2
FNDC
Schwab Fundamental International Small Company Index ETF
This fund is part of
DM Small Cap
-0.76%
Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) belongs to the DM Blended Cap segment. Schwab Fundamental International Small Company Index ETF (FNDC) is part of the DM Small Cap segment. PDN's top 3 sector exposures are Finance, Industrials and Non-Energy Materials. In contrast, FNDC's top sector exposures are Industrials, Finance and Non-Energy Materials. PDN is more expensive with a Total Expense Ratio (TER) of 0.47%, versus 0.39% for FNDC. PDN is up 11.96% year-to-date (YTD) with -$40M in YTD flows. FNDC performs better with 13.81% YTD performance, and -$298M in YTD flows. Run a side-by-side ETF comparison of PDN and FNDC below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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PDN vs FNDC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/14/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PDN FNDC | -1.88%-1.51% | +0.82%+1.11% | +11.96%+13.81% | +15.11%+16.86% | +65.08%+68.06% | +37.76%+44.47% |
| Flows | PDN FNDC | -$2M- | -$7M+$20M | -$40M-$298M | -$57M-$285M | -$325M-$1.13B | -$148M-$475M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PDN FNDC | +13.08%+10.76% | +14.26%+13.85% | +14.01%+13.81% | +14.99%+14.42% |
| Max drawdown | PDN FNDC | -4.08%-3.91% | -11.76%-11.16% | -12.82%-13.02% | -33.11%-32.18% |
| Max drawdown duration | PDN FNDC | 49d50d | 163d66d | 211d208d | 1323d1100d |
Trading data
PDN | FNDC | |
Last sale 9/14/2026 at 1:30 PM | $46.84 | $50.49 |
| Previous close 09/14/2026 | $47.20 | $50.72 |
| Consolidated volume 09/14/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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PDN | FNDC | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/14/2026 at 1:30 PM
Live
Closed
PDN | FNDC | |
|---|---|---|
| Last price | $46.84 | $50.49 |
| 1D performance | -0.76% | -0.46% |
| AuM | $355.39 M | $3.13 B |
| E/R | 0.47% | 0.39% |
Characteristics
PDN | FNDC | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | Schwab ETFs |
| Benchmark | RAFI Fundamental Select Developed ex-US 1500 Index | RAFI Fundamental High Liquidity Developed ex US Small Index |
| N° of holdings | 1569 | 1556 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 27, 2007 | August 15, 2013 |
| ESG | No | No |
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Exposure
Countries
PDN
Japan
29.23%
Canada
8.92%
United Kingdom
8.37%
Other
53.48%
FNDC
Japan
30.49%
United Kingdom
8.73%
Canada
8.27%
Republic of Korea
7.82%
Other
44.68%
Sectors
PDN
Finance
23.26%
Industrials
18.37%
Non-Energy Materi.
12.14%
Technology
9.92%
Consumer Non-Cycl.
8.3%
Consumer Cyclical.
7.38%
Other
20.62%
FNDC
Industrials
20.64%
Finance
20.15%
Non-Energy Materi.
13.31%
Technology
9.71%
Consumer Non-Cycl.
8.62%
Consumer Cyclical.
7.54%
Other
20.02%
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Diversification
PDN
Total weight of top 15 holdings out of 15
3.3%
FNDC
Total weight of top 15 holdings out of 15
3.46%
Top 15 holdings
Data as of July 31, 2026
PDN
Tower Semiconductor Ltd.
0.30%
Aedifica SA
0.25%
ASMPT Ltd.
0.23%
Kulicke & Soffa Industries, Inc.
0.22%
Beazley Plc
0.22%
Sopra Steria Group SA
0.22%
SIG Group AG
0.21%
Vår Energi ASA
0.21%
Salzgitter AG
0.21%
Horiba Ltd.
0.21%
Singapore Exchange Ltd.
0.21%
Getinge AB
0.21%
Hachijuni Nagano Bank, Ltd.
0.21%
Elbit Systems Ltd.
0.20%
Nokian Renkaat Oyj
0.20%
FNDC
IBIDEN Co., Ltd.
0.38%
Tower Semiconductor Ltd.
0.26%
Samsung Life Insurance Co., Ltd.
0.26%
Daewoo Engineering & Construction Co. Ltd.
0.24%
Samsung E&A Co., Ltd.
0.24%
Helvetia Baloise Holding Ltd.
0.22%
Constellium SE
0.22%
Sims Ltd.
0.22%
easyJet Plc
0.22%
IG Group Holdings plc
0.22%
Baytex Energy Corp.
0.20%
INFRONEER Holdings, Inc.
0.20%
Edenred SE
0.20%
Bankinter SA
0.19%
Shinsegae Co., Ltd.
0.19%
Frequently asked questions about PDN and FNDC
How have the PDN and FNDC ETFs performed in 2026?
As of September 14, 2026, PDN is up 11.96% year-to-date (YTD), while FNDC has returned 13.81%. That puts FNDC better performer ahead so far this year.
Which ETF is attracting more investor money: PDN or FNDC?
Year-to-date, the PDN ETF saw -$40M in flows, compared to -$298M for FNDC.
Which ETF is more volatile: PDN or FNDC?
Over the past year, PDN had a volatility of 14.26%, while FNDC experienced 13.85%.
Which ETF is bigger: PDN or FNDC?
As of September 14, 2026, PDN holds $355.39 M in assets under management (AUM), while FNDC manages $3.13 B.
What sectors do the PDN and FNDC ETFs invest in?
PDN leans toward sectors like Finance, Industrials and Non-Energy Materials. Meanwhile, FNDC focuses on Industrials, Finance and Non-Energy Materials.
What are the top holdings of the PDN ETF and FNDC ETF?
PDN top holdings include Tower Semiconductor Ltd., Aedifica SA and ASMPT Ltd.. FNDC holds in its top three: IBIDEN Co., Ltd., Tower Semiconductor Ltd. and Samsung Life Insurance Co., Ltd..
Which ETF is more diversified: PDN or FNDC?
PDN holds 1569 securities with 3.3% of its assets in the top 15. FNDC has 1561 securities and a top 15 weight of 3.46%.
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