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IJS vs. PRFZ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJS vs. PRFZ

Last updated Jul 22, 2026
Documentation

IJS (iShares S&P SmallCap 600 Value ETF) and PRFZ (Invesco FTSE RAFI US 1500 Small-Mid ETF) are both exchange-traded funds - IJS is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Value Index, while PRFZ is a Small Cap Blend Equities fund tracking the FTSE RAFI US 1500 Small-Mid Index. Both are passively managed. Over the past 10 years, IJS returned 10.11%/yr vs 11.70%/yr for PRFZ. With a 0.96 correlation, they move nearly in lockstep. IJS charges 0.25%/yr vs 0.39%/yr for PRFZ.

Performance

IJS vs. PRFZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P SmallCap 600 Value ETF (IJS) and Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IJS achieves a 21.47% return, which is significantly higher than PRFZ's 19.43% return. Over the past 10 years, IJS has underperformed PRFZ with an annualized return of 10.11%, while PRFZ has yielded a comparatively higher 11.70% annualized return.

IJS

1D
1.01%
1M
3.02%
6M
15.18%
YTD
21.47%
1Y
36.25%
3Y*
13.54%
5Y*
8.56%
10Y*
10.11%
ALL TIME*
9.99%

PRFZ

1D
1.26%
1M
2.57%
6M
13.47%
YTD
19.43%
1Y
31.60%
3Y*
16.34%
5Y*
10.13%
10Y*
11.70%
ALL TIME*
10.13%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IJS vs. PRFZ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IJS
iShares S&P SmallCap 600 Value ETF		21.47%6.54%7.33%14.68%-11.34%30.53%2.63%24.11%-12.86%11.35%
PRFZ
Invesco FTSE RAFI US 1500 Small-Mid ETF		19.43%11.26%12.68%20.21%-16.29%28.26%11.84%21.91%-11.43%13.82%

Correlation

The correlation between IJS and PRFZ 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 (1Y)
Calculated over the trailing 1-year period

0.91

Correlation (3Y)
Calculated over the trailing 3-year period

0.94

Correlation (5Y)
Calculated over the trailing 5-year period

0.96

Correlation (10Y)
Calculated over the trailing 10-year period

0.96

Correlation (All Time)
Calculated using the full available price history since Sep 20, 2006

0.96

The correlation between IJS and PRFZ has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.

IJS vs. PRFZ - Sectors Allocation Comparison

Sectors
IJS
PRFZ

Financial Services

20.2%
13.6%

Consumer Cyclical

15.2%
11.2%

Technology

13.4%
19.5%

Industrials

12.2%
16.1%

Real Estate

8.5%
6.9%

Healthcare

7.7%
17.8%

Basic Materials

6.2%
3.2%

Energy

6.0%
4.4%

Consumer Defensive

5.0%
3.0%

Communication Services

3.8%
2.9%

Utilities

2.0%
1.3%

Financial Services

IJS
20.2%
PRFZ
13.6%

Consumer Cyclical

IJS
15.2%
PRFZ
11.2%

Technology

IJS
13.4%
PRFZ
19.5%

Industrials

IJS
12.2%
PRFZ
16.1%

Real Estate

IJS
8.5%
PRFZ
6.9%

Healthcare

IJS
7.7%
PRFZ
17.8%

Basic Materials

IJS
6.2%
PRFZ
3.2%

Energy

IJS
6.0%
PRFZ
4.4%

Consumer Defensive

IJS
5.0%
PRFZ
3.0%

Communication Services

IJS
3.8%
PRFZ
2.9%

Utilities

IJS
2.0%
PRFZ
1.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P SmallCap 600 Value ETF

Invesco FTSE RAFI US 1500 Small-Mid ETF

Often compared with IJS:
IJS vs. IJRIJS vs. AVUVIJS vs. VBRIJS vs. VIOVIJS vs. IWNIJS vs. VOOIJS vs. ISCV
Often compared with PRFZ:
PRFZ vs. BSMIXPRFZ vs. FNDAPRFZ vs. PWBPRFZ vs. FVPRFZ vs. RWKPRFZ vs. VOOPRFZ vs. SCHA

Return for Risk

IJS vs. PRFZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IJS
IJS Risk / Return Rank: 8585
Overall Rank
IJS Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
IJS Sortino Ratio Rank: 8585
Sortino Ratio Rank
IJS Omega Ratio Rank: 8080
Omega Ratio Rank
IJS Calmar Ratio Rank: 8989
Calmar Ratio Rank
IJS Martin Ratio Rank: 8686
Martin Ratio Rank
PRFZ
PRFZ Risk / Return Rank: 7474
Overall Rank
PRFZ Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
PRFZ Sortino Ratio Rank: 7575
Sortino Ratio Rank
PRFZ Omega Ratio Rank: 6767
Omega Ratio Rank
PRFZ Calmar Ratio Rank: 7979
Calmar Ratio Rank
PRFZ Martin Ratio Rank: 7777
Martin Ratio Rank
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.

IJS vs. PRFZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P SmallCap 600 Value ETF (IJS) 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.

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.

IJSPRFZDifference
Sharpe ratioReturn per unit of total volatility
2.03
1.75

+0.28

Sortino ratioReturn per unit of downside risk
2.94
2.55

+0.39

Omega ratioGain probability vs. loss probability

1.35

1.30

+0.05

Calmar ratioReturn relative to maximum drawdown

3.92

3.06

+0.86

Martin ratioReturn relative to average drawdown

12.95

10.42

+2.54

IJS vs. PRFZ - Sharpe Ratio Comparison

The current IJS Sharpe Ratio is 2.03, which is comparable to the PRFZ Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of IJS and PRFZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IJS vs. PRFZ - Drawdown Comparison

The maximum IJS drawdown since its inception was -60.11%, roughly equal to the maximum PRFZ drawdown of -62.41%. Use the drawdown chart below to compare losses from any high point for IJS and PRFZ.

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Drawdown Indicators

IJSPRFZDifference

Max Drawdown

Largest peak-to-trough decline

-60.11%

-62.41%

+2.30%

Max Drawdown (1Y)

Largest decline over 1 year

-9.28%

-10.38%

+1.10%

Max Drawdown (3Y)

Largest decline over 3 years

-28.65%

-26.54%

-2.11%

Max Drawdown (5Y)

Largest decline over 5 years

-28.65%

-26.58%

-2.07%

Max Drawdown (10Y)

Largest decline over 10 years

-47.68%

-44.28%

-3.40%

Current Drawdown

Current decline from peak

-0.56%

-2.13%

+1.57%

Average Drawdown

Average peak-to-trough decline

-9.85%

-9.37%

-0.48%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.81%

3.04%

-0.23%

Volatility

IJS vs. PRFZ - Volatility Comparison

iShares S&P SmallCap 600 Value ETF (IJS) and Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) have volatilities of 3.60% and 3.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IJSPRFZDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.60%

3.74%

-0.14%

Volatility (6M)

Calculated over the trailing 6-month period

11.69%

13.05%

-1.36%

Volatility (1Y)

Calculated over the trailing 1-year period

17.92%

18.09%

-0.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.75%

21.24%

+0.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.55%

22.38%

+1.17%

IJS vs. PRFZ - Expense Ratio Comparison

IJS has a 0.25% expense ratio, which is lower than PRFZ's 0.39% expense ratio.

Dividends

IJS vs. PRFZ - Dividend Comparison

IJS's dividend yield for the trailing twelve months is around 1.31%, more than PRFZ's 0.79% yield.

PositionTTM20252024202320222021202020192018201720162015
IJS
iShares S&P SmallCap 600 Value ETF		1.31%1.62%1.78%1.42%1.46%1.52%1.00%1.66%1.75%1.41%1.22%1.59%
PRFZ
Invesco FTSE RAFI US 1500 Small-Mid ETF		0.79%0.82%1.45%1.42%1.33%0.93%0.91%1.29%1.37%0.97%1.31%1.39%

Frequently Asked Questions

With a correlation of 0.91, IJS and PRFZ 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.

PRFZ has higher volatility (3.74%) compared to IJS (3.60%). In terms of maximum drawdown, IJS dropped -60.11% vs PRFZ's -62.41%.

On 10-year performance, PRFZ leads with 11.70% vs 10.11% for IJS. On fees, IJS is cheaper at 0.25% per year. On volatility, IJS has been the lower-risk option at 3.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, PRFZ has performed better with a 11.70% return vs 10.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IJS is cheaper with a 0.25% expense ratio, compared with 0.39% for PRFZ.

IJS has the higher dividend yield at 1.31%, compared with 0.79% for PRFZ.

IJS is categorized as Small Cap Value Equities, while PRFZ is Small Cap Blend Equities. IJS tracks S&P SmallCap 600 Value Index, while PRFZ tracks FTSE RAFI US 1500 Small-Mid Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.25% for IJS and 0.39% for PRFZ.

IJS currently has the higher Sharpe Ratio (2.03 vs 1.75), 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.

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