FV vs. PRFZ
Compare and contrast key facts about First Trust Dorsey Wright Focus 5 ETF (FV) and Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ).
FV and PRFZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FV is a passively managed fund by First Trust that tracks the performance of the Dorsey Wright Focus Five Index. It was launched on Mar 5, 2014. PRFZ is a passively managed fund by Invesco that tracks the performance of the FTSE RAFI US 1500 Small-Mid Index. It was launched on Sep 20, 2006. Both FV and PRFZ 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: FV or PRFZ.
Key characteristics
| FV | PRFZ | |
|---|---|---|
| YTD Return | 18.67% | 19.33% |
| 1Y Return | 40.28% | 42.58% |
| 3Y Return (Ann) | 6.85% | 4.87% |
| 5Y Return (Ann) | 15.68% | 12.21% |
| 10Y Return (Ann) | 11.64% | 9.75% |
| Sharpe Ratio | 1.96 | 1.98 |
| Sortino Ratio | 2.62 | 2.83 |
| Omega Ratio | 1.34 | 1.34 |
| Calmar Ratio | 2.75 | 2.09 |
| Martin Ratio | 9.74 | 11.92 |
| Ulcer Index | 4.00% | 3.41% |
| Daily Std Dev | 19.90% | 20.48% |
| Max Drawdown | -34.04% | -62.42% |
| Current Drawdown | -0.39% | 0.00% |
Correlation
The correlation between FV and PRFZ is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FV vs. PRFZ - Performance Comparison
The year-to-date returns for both investments are quite close, with FV having a 18.67% return and PRFZ slightly higher at 19.33%. Over the past 10 years, FV has outperformed PRFZ with an annualized return of 11.64%, while PRFZ has yielded a comparatively lower 9.75% 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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FV vs. PRFZ - Expense Ratio Comparison
FV has a 0.87% expense ratio, which is higher than PRFZ's 0.39% expense ratio.
Risk-Adjusted Performance
FV vs. PRFZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright Focus 5 ETF (FV) and Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ). 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
FV vs. PRFZ - Dividend Comparison
FV's dividend yield for the trailing twelve months is around 0.15%, less than PRFZ's 1.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FV First Trust Dorsey Wright Focus 5 ETF | 0.15% | 0.48% | 1.38% | 0.11% | 0.06% | 0.56% | 0.19% | 0.67% | 0.96% | 0.14% | 0.10% | 0.00% |
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF | 1.11% | 1.42% | 1.33% | 0.93% | 0.91% | 1.29% | 1.37% | 0.97% | 1.31% | 1.39% | 1.14% | 0.93% |
Drawdowns
FV vs. PRFZ - Drawdown Comparison
The maximum FV drawdown since its inception was -34.04%, smaller than the maximum PRFZ drawdown of -62.42%. Use the drawdown chart below to compare losses from any high point for FV and PRFZ. For additional features, visit the drawdowns tool.
Volatility
FV vs. PRFZ - Volatility Comparison
The current volatility for First Trust Dorsey Wright Focus 5 ETF (FV) is 5.31%, while Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) has a volatility of 6.68%. This indicates that FV experiences smaller price fluctuations and is considered to be less risky than PRFZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.