CWO.TO vs. PRF
Compare and contrast key facts about iShares Emerging Markets Fundamental Index ETF (CWO.TO) and Invesco FTSE RAFI US 1000 ETF (PRF).
CWO.TO and PRF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CWO.TO is a passively managed fund by iShares that tracks the performance of the FTSE RAFI Emerging Markets Index. It was launched on Apr 7, 2009. PRF is a passively managed fund by Invesco that tracks the performance of the FTSE RAFI US 1000 Index. It was launched on Dec 19, 2005. Both CWO.TO and PRF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CWO.TO or PRF.
Key characteristics
| CWO.TO | PRF | |
|---|---|---|
| YTD Return | 12.09% | 8.54% |
| 1Y Return | 17.37% | 24.96% |
| 3Y Return (Ann) | 4.65% | 8.57% |
| 5Y Return (Ann) | 3.17% | 13.23% |
| 10Y Return (Ann) | 3.56% | 10.70% |
| Sharpe Ratio | 1.29 | 2.24 |
| Daily Std Dev | 14.51% | 10.95% |
| Max Drawdown | -37.28% | -60.35% |
| Current Drawdown | 0.00% | -1.12% |
Correlation
The correlation between CWO.TO and PRF is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CWO.TO vs. PRF - Performance Comparison
In the year-to-date period, CWO.TO achieves a 12.09% return, which is significantly higher than PRF's 8.54% return. Over the past 10 years, CWO.TO has underperformed PRF with an annualized return of 3.56%, while PRF has yielded a comparatively higher 10.70% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CWO.TO vs. PRF - Expense Ratio Comparison
CWO.TO has a 0.73% expense ratio, which is higher than PRF's 0.39% expense ratio.
Risk-Adjusted Performance
CWO.TO vs. PRF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Markets Fundamental Index ETF (CWO.TO) and Invesco FTSE 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.
Dividends
CWO.TO vs. PRF - Dividend Comparison
CWO.TO's dividend yield for the trailing twelve months is around 3.69%, more than PRF's 1.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWO.TO iShares Emerging Markets Fundamental Index ETF | 3.69% | 4.14% | 5.03% | 2.45% | 2.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PRF Invesco FTSE RAFI US 1000 ETF | 1.69% | 1.84% | 2.01% | 1.58% | 1.97% | 1.99% | 2.25% | 1.58% | 2.17% | 2.25% | 1.73% | 1.56% |
Drawdowns
CWO.TO vs. PRF - Drawdown Comparison
The maximum CWO.TO drawdown since its inception was -37.28%, smaller than the maximum PRF drawdown of -60.35%. Use the drawdown chart below to compare losses from any high point for CWO.TO and PRF. For additional features, visit the drawdowns tool.
Volatility
CWO.TO vs. PRF - Volatility Comparison
iShares Emerging Markets Fundamental Index ETF (CWO.TO) has a higher volatility of 4.64% compared to Invesco FTSE RAFI US 1000 ETF (PRF) at 3.28%. This indicates that CWO.TO'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.