AVUV vs. PRF

Last updated Jun 16, 2026

AVUV (Avantis US Small Cap Value ETF) and PRF (Invesco RAFI US 1000 ETF) are both exchange-traded funds - AVUV is a Small Cap Value Equities fund actively managed by Avantis, while PRF is a Large Cap Value Equities fund tracking the RAFI Fundamental Select US 1000 Index. AVUV is actively managed, while PRF is passively managed. Over the past 5 years, AVUV returned 11.59%/yr vs 13.06%/yr for PRF. Their correlation of 0.89 suggests significant overlap in exposure. AVUV charges 0.25%/yr vs 0.34%/yr for PRF.

Performance

AVUV vs. PRF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis US Small Cap Value ETF (AVUV) and Invesco RAFI US 1000 ETF (PRF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVUV achieves a 21.54% return, which is significantly higher than PRF's 16.44% return.

AVUV

• 1D: -0.96%
• 1M: 5.44%
• YTD: 21.54%
• 6M: 18.43%
• 1Y: 40.75%
• 3Y*: 19.22%
• 5Y*: 11.59%
• 10Y*: —

PRF

• 1D: 0.68%
• 1M: 4.19%
• YTD: 16.44%
• 6M: 16.00%
• 1Y: 34.32%
• 3Y*: 20.74%
• 5Y*: 13.06%
• 10Y*: 13.94%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVUV vs. PRF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AVUV Avantis US Small Cap Value ETF	21.54%	7.44%	9.28%	22.82%	-4.91%	42.20%	6.43%	8.54%
PRF Invesco RAFI US 1000 ETF	16.44%	18.33%	16.73%	15.72%	-7.79%	31.12%	7.78%	7.97%

Correlation

The correlation between AVUV and PRF is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.89

The correlation between AVUV and PRF has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.

AVUV vs. PRF - Sectors Allocation Comparison

Sectors	AVUV	PRF
Financial Services	26.1%	15.4%
Consumer Cyclical	18.7%	8.7%
Energy	15.8%	7.9%
Industrials	13.6%	8.9%
Technology	7.4%	23.1%
Basic Materials	5.1%	3.3%
Healthcare	4.8%	12.0%
Consumer Defensive	4.7%	6.0%
Communication Services	3.1%	9.4%
Real Estate	0.7%	2.4%
Utilities	0.1%	3.0%

Return for Risk

AVUV vs. PRF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVUV

AVUV Risk / Return Rank: 83
AVUV Sharpe Ratio Rank: 82
AVUV Sortino Ratio Rank: 84
AVUV Omega Ratio Rank: 77
AVUV Calmar Ratio Rank: 91
AVUV Martin Ratio Rank: 84

PRF

PRF Risk / Return Rank: 93
PRF Sharpe Ratio Rank: 94
PRF Sortino Ratio Rank: 94
PRF Omega Ratio Rank: 93
PRF Calmar Ratio Rank: 91
PRF Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVUV vs. PRF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis US Small Cap Value ETF (AVUV) and Invesco RAFI US 1000 ETF (PRF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AVUV	PRF	Difference
Sharpe ratio: Return per unit of total volatility	2.33	3.16	-0.83
Sortino ratio: Return per unit of downside risk	3.30	4.34	-1.04
Omega ratio: Gain probability vs. loss probability	1.40	1.58	-0.18
Calmar ratio: Return relative to maximum drawdown	5.15	5.23	-0.08
Martin ratio: Return relative to average drawdown	15.34	21.40	-6.06

AVUV vs. PRF - Sharpe Ratio Comparison

The current AVUV Sharpe Ratio is 2.33, which is comparable to the PRF Sharpe Ratio of 3.16. The chart below compares the historical Sharpe Ratios of AVUV and PRF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AVUV vs. PRF - Drawdown Comparison

The maximum AVUV drawdown since its inception was -49.42%, smaller than the maximum PRF drawdown of -60.35%. Use the drawdown chart below to compare losses from any high point for AVUV and PRF.

Drawdown Indicators

	AVUV	PRF	Difference
Max Drawdown Largest peak-to-trough decline	-49.42%	-60.35%	+10.93%
Max Drawdown (1Y) Largest decline over 1 year	-7.95%	-6.59%	-1.36%
Max Drawdown (3Y) Largest decline over 3 years	-28.79%	-15.82%	-12.97%
Max Drawdown (5Y) Largest decline over 5 years	-28.79%	-19.72%	-9.07%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.16%	—
Current Drawdown Current decline from peak	-0.96%	0.00%	-0.96%
Average Drawdown Average peak-to-trough decline	-7.91%	-6.92%	-0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	1.61%	+1.05%

Volatility

AVUV vs. PRF - Volatility Comparison

Avantis US Small Cap Value ETF (AVUV) has a higher volatility of 4.66% compared to Invesco RAFI US 1000 ETF (PRF) at 3.64%. This indicates that AVUV's price experiences larger fluctuations and is considered to be riskier than PRF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVUV	PRF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.66%	3.64%	+1.02%
Volatility (6M) Calculated over the trailing 6-month period	11.37%	8.18%	+3.19%
Volatility (1Y) Calculated over the trailing 1-year period	17.62%	10.93%	+6.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.75%	15.24%	+7.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.25%	17.69%	+10.56%

AVUV vs. PRF - Expense Ratio Comparison

AVUV has a 0.25% expense ratio, which is lower than PRF's 0.34% expense ratio.

Dividends

AVUV vs. PRF - Dividend Comparison

AVUV's dividend yield for the trailing twelve months is around 1.62%, more than PRF's 1.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVUV Avantis US Small Cap Value ETF	1.62%	1.58%	1.61%	1.65%	1.74%	1.28%	1.21%	0.38%	0.00%	0.00%	0.00%	0.00%
PRF Invesco RAFI US 1000 ETF	1.36%	1.59%	1.78%	1.84%	2.01%	1.58%	1.97%	1.99%	2.25%	1.58%	2.17%	2.25%

Frequently Asked Questions

Can I hold both AVUV and PRF in my portfolio?

AVUV and PRF have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVUV or PRF?

AVUV has higher volatility (4.66%) compared to PRF (3.64%). In terms of maximum drawdown, AVUV dropped -49.42% vs PRF's -60.35%.

Which ETF is better, AVUV or PRF?

On 5-year performance, PRF leads with 13.06% vs 11.59% for AVUV. On fees, AVUV is cheaper at 0.25% per year. On volatility, PRF has been the lower-risk option at 3.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVUV or PRF?

Over the 5-year period, PRF has performed better with a 13.06% return vs 11.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVUV or PRF?

AVUV is cheaper with a 0.25% expense ratio, compared with 0.34% for PRF.

Which ETF pays a higher dividend yield, AVUV or PRF?

AVUV has the higher dividend yield at 1.62%, compared with 1.36% for PRF.

What is the main difference between AVUV and PRF?

AVUV is categorized as Small Cap Value Equities, while PRF is Large Cap Value Equities. They also come from different issuers: Avantis and Invesco. Their fees differ too: 0.25% for AVUV and 0.34% for PRF.

Which has better risk-adjusted returns?

PRF currently has the higher Sharpe Ratio (3.16 vs 2.33), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.