DIVN vs. PRF
DIVN (Horizon Dividend Income ETF) and PRF (Invesco RAFI US 1000 ETF) are both Large Cap Value Equities funds. A 0.74 correlation means they provide meaningful diversification when combined. DIVN charges 0.70%/yr vs 0.34%/yr for PRF.
Performance
DIVN vs. PRF - Performance Comparison
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Returns By Period
In the year-to-date period, DIVN achieves a 11.82% return, which is significantly lower than PRF's 14.83% return.
DIVN
- 1D
- -0.34%
- 1M
- -0.67%
- YTD
- 11.82%
- 6M
- 11.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PRF
- 1D
- -0.54%
- 1M
- 0.85%
- YTD
- 14.83%
- 6M
- 14.24%
- 1Y
- 31.19%
- 3Y*
- 20.98%
- 5Y*
- 12.86%
- 10Y*
- 13.99%
DIVN vs. PRF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DIVN Horizon Dividend Income ETF | 11.82% | 8.11% |
PRF Invesco RAFI US 1000 ETF | 14.83% | 13.92% |
Correlation
The correlation between DIVN and PRF is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.74 |
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Return for Risk
DIVN vs. PRF — Risk / Return Rank
DIVN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PRF
DIVN vs. PRF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Dividend Income ETF (DIVN) 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.
| DIVN | PRF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.52 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.75 | — |
| Martin ratioReturn relative to average drawdown | — | 19.37 | — |
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Drawdowns
DIVN vs. PRF - Drawdown Comparison
The maximum DIVN drawdown since its inception was -5.55%, smaller than the maximum PRF drawdown of -60.35%. Use the drawdown chart below to compare losses from any high point for DIVN and PRF.
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Drawdown Indicators
| DIVN | PRF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.55% | -60.35% | +54.80% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.59% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.82% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.72% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.16% | — |
Current DrawdownCurrent decline from peak | -1.94% | -1.39% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -1.42% | -6.91% | +5.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.61% | — |
Volatility
DIVN vs. PRF - Volatility Comparison
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Volatility by Period
| DIVN | PRF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.70% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.24% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.56% | 10.99% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.56% | 15.20% | -4.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.56% | 17.65% | -7.09% |
DIVN vs. PRF - Expense Ratio Comparison
DIVN has a 0.70% expense ratio, which is higher than PRF's 0.34% expense ratio.
Dividends
DIVN vs. PRF - Dividend Comparison
DIVN's dividend yield for the trailing twelve months is around 3.12%, more than PRF's 1.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVN Horizon Dividend Income ETF | 3.12% | 1.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PRF Invesco RAFI US 1000 ETF | 1.39% | 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
DIVN and PRF have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PRF is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRF is cheaper with a 0.34% expense ratio, compared with 0.70% for DIVN.
DIVN has the higher dividend yield at 3.12%, compared with 1.39% for PRF.
They also come from different issuers: Horizon and Invesco. Their fees differ too: 0.70% for DIVN and 0.34% for PRF.
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