VSSvsPDNETF Comparison
VS
ETF 2
PDN
Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF
This fund is part of
DM Blended Cap
-0.37%
Vanguard FTSE All-World ex-US Small-Cap ETF (VSS) belongs to the Global Blended Cap segment. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) is part of the DM Blended Cap segment. VSS's top 3 sector exposures are Finance, Non-Energy Materials and Industrials. In contrast, PDN's top sector exposures are Finance, Industrials and Non-Energy Materials. VSS is less expensive with a Total Expense Ratio (TER) of 0.06%, versus 0.47% for PDN. VSS is up 4.33% year-to-date (YTD) with +$554M in YTD flows. PDN performs better with 8.54% YTD performance, and -$40M in YTD flows. Run a side-by-side ETF comparison of VSS and PDN 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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VSS vs PDN performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VSS PDN | -5.12%-2.76% | -0.54%+0.98% | +4.33%+8.54% | +4.22%+11.69% | +57.13%+75.44% | +21.85%+36.63% |
| Flows | VSS PDN | -$87M- | -$132M-$7M | +$554M-$40M | +$988M-$57M | -$235M-$325M | +$516M-$148M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VSS PDN | +12.94%+12.48% | +15.34%+14.22% | +13.82%+13.92% | +15.37%+14.98% |
| Max drawdown | VSS PDN | -7.70%-5.29% | -11.47%-11.76% | -14.69%-12.82% | -32.54%-32.12% |
| Max drawdown duration | VSS PDN | 57d50d | 65d163d | 221d211d | 1283d1053d |
Trading data
VSS | PDN | |
Last sale 10/23/2026 at 1:30 PM | $149.35 | $45.03 |
| Previous close 10/22/2026 | $149.91 | $45.26 |
| Consolidated volume 10/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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VSS | PDN | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
VSS | PDN | |
|---|---|---|
| Last price | $149.35 | $45.03 |
| 1D performance | -0.37% | -0.51% |
| AuM | $11.10 B | $342.30 M |
| E/R | 0.06% | 0.47% |
Characteristics
VSS | PDN | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Vanguard | Invesco |
| Benchmark | FTSE Global Small Cap ex US Index | RAFI Fundamental Select Developed ex-US 1500 Index |
| N° of holdings | 4730 | 1566 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 2, 2009 | September 27, 2007 |
| ESG | No | No |
Exposure
Countries
VSS
Japan
13.81%
Canada
9.24%
Taiwan
8.26%
United Kingdom
7.16%
Other
61.53%
PDN
Japan
28.92%
Canada
9.01%
United Kingdom
8.2%
Republic of Korea
7.82%
Other
46.05%
Sectors
VSS
Finance
18.77%
Non-Energy Materi.
15.7%
Industrials
15.64%
Technology
13.1%
Other
36.79%
PDN
Finance
22.85%
Industrials
18.54%
Non-Energy Materi.
13.23%
Technology
10.16%
Consumer Non-Cycl.
7.9%
Consumer Cyclical.
7.19%
Other
20.13%
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Diversification
VSS
Total weight of top 15 holdings out of 15
3.44%
PDN
Total weight of top 15 holdings out of 15
3.55%
Top 15 holdings
Data as of August 31, 2026
VSS
Hudbay Minerals, Inc.
0.30%
Taiwan Union Technology Corp.
0.28%
Eldorado Gold Corp.
0.27%
DPM Metals, Inc.
0.24%
LandMark Optoelectronics Corp.
0.23%
Aritzia, Inc.
0.23%
Gaztransport & Technigaz SA
0.22%
Storebrand ASA
0.22%
Finning International, Inc.
0.21%
Kinsus Interconnect Technology Corp.
0.21%
Accelleron Industries AG
0.21%
G Mining Ventures Corp.
0.21%
Subsea 7 SA
0.21%
thyssenkrupp AG
0.20%
SSR Mining, Inc.
0.20%
PDN
Tower Semiconductor Ltd.
0.32%
Atlassian Corp.
0.28%
ASMPT Ltd.
0.27%
SSR Mining, Inc.
0.26%
Daewoo Engineering & Construction Co. Ltd.
0.24%
Evolution Mining Ltd.
0.24%
Salzgitter AG
0.23%
Aedifica SA
0.23%
Centerra Gold, Inc.
0.21%
Kulicke & Soffa Industries, Inc.
0.21%
Beazley Plc
0.21%
Jyske Bank A/S
0.21%
Hachijuni Nagano Bank, Ltd.
0.21%
Kyoto Financial Group, Inc.
0.21%
Singapore Exchange Ltd.
0.21%
Frequently asked questions about VSS and PDN
How have the VSS and PDN ETFs performed in 2026?
As of October 23, 2026, VSS is up 4.33% year-to-date (YTD), while PDN has returned 8.54%. That puts PDN better performer ahead so far this year.
Which ETF is attracting more investor money: VSS or PDN?
Year-to-date, the VSS ETF saw +$554M in flows, compared to -$40M for PDN.
Which ETF is more volatile: VSS or PDN?
Over the past year, VSS had a volatility of 15.34%, while PDN experienced 14.22%.
Which ETF is bigger: VSS or PDN?
As of October 23, 2026, VSS holds $11.10 B in assets under management (AUM), while PDN manages $342.30 M.
What sectors do the VSS and PDN ETFs invest in?
VSS leans toward sectors like Finance, Non-Energy Materials and Industrials. Meanwhile, PDN focuses on Finance, Industrials and Non-Energy Materials.
What are the top holdings of the VSS ETF and PDN ETF?
VSS top holdings include Hudbay Minerals, Inc., Taiwan Union Technology Corp. and Eldorado Gold Corp.. PDN holds in its top three: Tower Semiconductor Ltd., Atlassian Corp. and ASMPT Ltd..
Which ETF is more diversified: VSS or PDN?
VSS holds 4839 securities with 3.44% of its assets in the top 15. PDN has 1566 securities and a top 15 weight of 3.55%.
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Latest news about VSS & PDN
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