PDN vs SCZ
Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF against iShares MSCI EAFE Small-Cap ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
44%
1017 shared positions
Fee gap
7 bp
SCZ is cheaper
1-year return gap
2.2 pts
PDN is ahead
Larger fund
SCZ
$12.8B
Side by side
| PDN | SCZ | |
|---|---|---|
| Fund | Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF | iShares MSCI EAFE Small-Cap ETF |
| Issuer | Invesco | iShares |
| Category | International Small Cap | International Small Cap |
| Expense ratio | 0.47% | 0.40% |
| Assets | $347M | $12.8B |
| Average daily dollar volume | $460K | $94M |
| Listed | Sep 27, 2007 | Dec 10, 2007 |
| FrenzyCap score | 58 | 87 |
| 1-month return | −2.4% | −2.7% |
| 3-month return | +1.0% | +0.6% |
| Year to date | +8.2% | +7.8% |
| 1-year return | +11.6% | +9.4% |
| 30-day volatility | 11.9% | 11.4% |
| Worst drawdown, 1 year | −11.6% | −11.4% |
| Trailing 12-month yield | 3.32% | 3.19% |
| Holdings | 1,583 | 2,055 |
| Top 10 weight | 3.0% | 2.5% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | −$30M thru Jul 2026 | −$1.2B thru Jul 2026 |
| 30-day implied volatility | 13.0% | 15.9% |
| Holdings as of | as of Apr 30, 2026SEC filing | as of Oct 19, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
61% of PDN · 51% of SCZ| Holding | PDN | SCZ |
|---|---|---|
| Saipem S.p.A. | 0.23% | 0.19% |
| FRO | 0.18% | 0.21% |
| Jyske Bank A/S | 0.18% | 0.17% |
| Hachijuni Nagano Bank, Ltd. | 0.19% | 0.17% |
| Kyoto Financial Group, Inc. | 0.20% | 0.17% |
| Andritz AG | 0.17% | 0.16% |
| Storebrand ASA | 0.16% | 0.22% |
| ASMPT Ltd. | 0.33% | 0.15% |
| HORIBA, Ltd. | 0.21% | 0.15% |
| Getinge AB | 0.15% | 0.16% |
| Howden Joinery Group PLC | 0.14% | 0.16% |
| Nexans | 0.20% | 0.14% |
| Hokuhoku Financial Group, Inc. | 0.15% | 0.14% |
| Iyogin Holdings, Inc. | 0.14% | 0.14% |
| SIG Group AG | 0.16% | 0.13% |
| Tokyo Ohka Kogyo Co., Ltd. | 0.15% | 0.13% |
| Technip Energies N.V. | 0.15% | 0.13% |
| Japan Real Estate Investment Corp. | 0.14% | 0.12% |
| Kinden Corp. | 0.22% | 0.12% |
| NKT A/S | 0.12% | 0.19% |
| Mcdonald'S Holdings Co. (Japan), Ltd. | 0.13% | 0.12% |
| Gunma Bank, Ltd. (The) | 0.12% | 0.16% |
| Tokyo Seimitsu Co., Ltd. | 0.14% | 0.12% |
| 77 Bank, Ltd. (The) | 0.13% | 0.12% |
| Azimut Holding S.p.A. | 0.15% | 0.12% |
Sector mix of the stock holdings
| Sector | PDN | SCZ | Gap |
|---|---|---|---|
| Technology | 1.7% | 0.7% | +1.0% |
| Industrials | 1.8% | 0.5% | +1.4% |
| Materials | 1.9% | 0.0% | +1.9% |
| Health Care | 0.5% | 0.2% | +0.3% |
| Financials | 0.4% | 0.1% | +0.4% |
| Utilities | 0.5% | 0.0% | +0.4% |
| Energy | 0.4% | 0.0% | +0.4% |
| Communication Services | 0.2% | 0.2% | +0.0% |
| Consumer Discretionary | 0.3% | 0.0% | +0.3% |
| Real Estate | 0.1% | 0.0% | +0.1% |
| Consumer Staples | 0.1% | 0.0% | +0.0% |
| Other | 0.1% | 0.0% | +0.1% |
More: full overlap table · PDN holdings · SCZ holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.