GVLE vs. PRF
GVLE (Goldman Sachs Value Opportunities ETF) and PRF (Invesco RAFI US 1000 ETF) are both Large Cap Value Equities funds. GVLE is actively managed, while PRF is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. GVLE charges 0.45%/yr vs 0.34%/yr for PRF.
Performance
GVLE vs. PRF - Performance Comparison
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Returns By Period
In the year-to-date period, GVLE achieves a 15.42% return, which is significantly lower than PRF's 16.91% return.
GVLE
- 1D
- -0.21%
- 1M
- 1.91%
- 6M
- 12.56%
- YTD
- 15.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PRF
- 1D
- -0.04%
- 1M
- 1.09%
- 6M
- 13.24%
- YTD
- 16.91%
- 1Y
- 29.17%
- 3Y*
- 20.21%
- 5Y*
- 13.23%
- 10Y*
- 13.52%
GVLE vs. PRF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GVLE Goldman Sachs Value Opportunities ETF | 15.42% | 4.29% |
PRF Invesco RAFI US 1000 ETF | 16.91% | 3.13% |
Correlation
The correlation between GVLE and PRF is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.91 |
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Return for Risk
GVLE vs. PRF — Risk / Return Rank
GVLE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PRF
GVLE vs. PRF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Value Opportunities ETF (GVLE) 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.
| GVLE | PRF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.50 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.45 | — |
| Martin ratioReturn relative to average drawdown | — | 18.13 | — |
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Drawdowns
GVLE vs. PRF - Drawdown Comparison
The maximum GVLE drawdown since its inception was -7.88%, smaller than the maximum PRF drawdown of -60.35%. Use the drawdown chart below to compare losses from any high point for GVLE and PRF.
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Drawdown Indicators
| GVLE | PRF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.88% | -60.35% | +52.47% |
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 | -0.70% | -0.04% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -1.22% | -6.90% | +5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.61% | — |
Volatility
GVLE vs. PRF - Volatility Comparison
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Volatility by Period
| GVLE | PRF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.84% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.09% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.95% | 10.87% | +3.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.95% | 15.16% | -1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.95% | 17.59% | -3.64% |
GVLE vs. PRF - Expense Ratio Comparison
GVLE has a 0.45% expense ratio, which is higher than PRF's 0.34% expense ratio.
Dividends
GVLE vs. PRF - Dividend Comparison
GVLE's dividend yield for the trailing twelve months is around 1.01%, less than PRF's 1.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GVLE Goldman Sachs Value Opportunities ETF | 1.01% | 1.16% | 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 | 1.36% | 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
With a correlation of 0.91, GVLE and PRF move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.45% for GVLE.
PRF has the higher dividend yield at 1.36%, compared with 1.01% for GVLE.
They also come from different issuers: Goldman Sachs and Invesco. Their fees differ too: 0.45% for GVLE and 0.34% for PRF.
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