PDNvsHSCZETF 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
Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) belongs to the DM Blended Cap segment. iShares Currency Hedged MSCI EAFE Small-Cap ETF (HSCZ) is part of the DM Small Cap segment. Both ETFs have the same top 3 sector exposures: Finance, Industrials and Non-Energy Materials. PDN is less expensive with a Total Expense Ratio (TER) of 0.47%, versus 0.83% for HSCZ. PDN is up 11.96% year-to-date (YTD) with -$40M in YTD flows. HSCZ performs better with 12.44% YTD performance, and +$65M in YTD flows. Run a side-by-side ETF comparison of PDN and HSCZ 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 HSCZ 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 HSCZ | -1.88%-2.71% | +0.82%+0.58% | +11.96%+12.44% | +15.11%+18.21% | +65.08%+65.16% | +37.76%+62.21% |
| Flows | PDN HSCZ | -$2M+$5M | -$7M+$31M | -$40M+$65M | -$57M+$60M | -$325M+$89M | -$148M+$116M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PDN HSCZ | +13.08%+10.73% | +14.26%+12.42% | +14.01%+12.89% | +14.99%+13.66% |
| Max drawdown | PDN HSCZ | -4.08%-3.22% | -11.76%-9.57% | -12.82%-12.82% | -33.11%-19.90% |
| Max drawdown duration | PDN HSCZ | 49d32d | 163d46d | 211d49d | 1323d823d |
Trading data
PDN | HSCZ | |
Last sale 9/14/2026 at 1:30 PM | $46.84 | $42.93 |
| Previous close 09/14/2026 | $47.20 | $43.15 |
| 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 | HSCZ | |
|---|---|---|
| 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 | HSCZ | |
|---|---|---|
| Last price | $46.84 | $42.93 |
| 1D performance | -0.76% | -0.51% |
| AuM | $355.39 M | $256.77 M |
| E/R | 0.47% | 0.83% |
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Exposure
Countries
PDN
Japan
29.23%
Canada
8.92%
United Kingdom
8.37%
Other
53.48%
HSCZ
Japan
37.23%
United Kingdom
12.84%
Australia
9.89%
Other
40.04%
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%
HSCZ
Finance
24.29%
Industrials
19.14%
Non-Energy Materi.
12.23%
Technology
10.74%
Consumer Cyclical.
7.9%
Other
25.69%
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Diversification
PDN
Total weight of top 15 holdings out of 15
3.3%
HSCZ
Total weight of top 15 holdings out of 15
3.83%
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%
HSCZ
Diploma Plc
0.37%
Beazley Plc
0.28%
BlueScope Steel Ltd.
0.28%
IMI Plc
0.27%
The Weir Group Plc
0.26%
Kokusai Electric Corp.
0.25%
Games Workshop Group Plc
0.24%
Accelleron Industries AG
0.24%
Storebrand ASA
0.24%
Gaztransport & Technigaz SA
0.24%
Niterra Co., Ltd.
0.24%
PSP Swiss Property AG
0.24%
SPIE SA
0.23%
Shizuoka Financial Group, Inc.
0.23%
Hiscox Ltd.
0.22%
Frequently asked questions about PDN and HSCZ
How have the PDN and HSCZ ETFs performed in 2026?
As of September 14, 2026, PDN is up 11.96% year-to-date (YTD), while HSCZ has returned 12.44%. That puts HSCZ better performer ahead so far this year.
Which ETF is attracting more investor money: PDN or HSCZ?
Year-to-date, the PDN ETF saw -$40M in flows, compared to +$65M for HSCZ.
Which ETF is more volatile: PDN or HSCZ?
Over the past year, PDN had a volatility of 14.26%, while HSCZ experienced 12.42%.
Which ETF is bigger: PDN or HSCZ?
As of September 14, 2026, PDN holds $355.39 M in assets under management (AUM), while HSCZ manages $256.77 M.
What sectors do the PDN and HSCZ ETFs invest in?
PDN leans toward sectors like Finance, Industrials and Non-Energy Materials. Meanwhile, HSCZ focuses on Finance, Industrials and Non-Energy Materials.
What are the top holdings of the PDN ETF and HSCZ ETF?
PDN top holdings include Tower Semiconductor Ltd., Aedifica SA and ASMPT Ltd.. HSCZ holds in its top three: Diploma Plc, Beazley Plc and BlueScope Steel Ltd..
Which ETF is more diversified: PDN or HSCZ?
PDN holds 1569 securities with 3.3% of its assets in the top 15. HSCZ has 2047 securities and a top 15 weight of 3.83%.
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