JPRE vs. PRF

Last updated Jun 16, 2026

JPRE (JPMorgan Realty Income ETF) and PRF (Invesco RAFI US 1000 ETF) are both exchange-traded funds - JPRE is a REIT fund actively managed by JPMorgan, while PRF is a Large Cap Value Equities fund tracking the RAFI Fundamental Select US 1000 Index. JPRE is actively managed, while PRF is passively managed. Over the past 3 years, JPRE returned 10.20%/yr vs 20.74%/yr for PRF. A 0.66 correlation means they provide meaningful diversification when combined. JPRE charges 0.50%/yr vs 0.34%/yr for PRF.

Performance

JPRE vs. PRF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Realty Income ETF (JPRE) and Invesco RAFI US 1000 ETF (PRF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPRE achieves a 13.29% return, which is significantly lower than PRF's 16.44% return.

JPRE

• 1D: -0.70%
• 1M: 3.63%
• YTD: 13.29%
• 6M: 12.69%
• 1Y: 12.70%
• 3Y*: 10.20%
• 5Y*: —
• 10Y*: —

PRF

• 1D: 0.68%
• 1M: 4.19%
• YTD: 16.44%
• 6M: 16.00%
• 1Y: 34.32%
• 3Y*: 20.74%
• 5Y*: 13.06%
• 10Y*: 13.94%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JPRE vs. PRF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JPRE JPMorgan Realty Income ETF	13.29%	1.36%	7.43%	13.41%	-9.60%
PRF Invesco RAFI US 1000 ETF	16.44%	18.33%	16.73%	15.72%	1.51%

Correlation

The correlation between JPRE and PRF is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (All Time) Calculated using the full available price history since May 23, 2022	0.66

The correlation between JPRE and PRF shifts across timeframes, from 0.47 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JPRE vs. PRF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JPRE

JPRE Risk / Return Rank: 30
JPRE Sharpe Ratio Rank: 28
JPRE Sortino Ratio Rank: 26
JPRE Omega Ratio Rank: 27
JPRE Calmar Ratio Rank: 35
JPRE Martin Ratio Rank: 33

PRF

PRF Risk / Return Rank: 93
PRF Sharpe Ratio Rank: 94
PRF Sortino Ratio Rank: 94
PRF Omega Ratio Rank: 93
PRF Calmar Ratio Rank: 91
PRF Martin Ratio Rank: 93

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.

JPRE vs. PRF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Realty Income ETF (JPRE) 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.

	JPRE	PRF	Difference
Sharpe ratio: Return per unit of total volatility	0.95	3.16	-2.21
Sortino ratio: Return per unit of downside risk	1.34	4.34	-2.99
Omega ratio: Gain probability vs. loss probability	1.17	1.58	-0.41
Calmar ratio: Return relative to maximum drawdown	1.66	5.23	-3.57
Martin ratio: Return relative to average drawdown	4.55	21.40	-16.85

JPRE vs. PRF - Sharpe Ratio Comparison

The current JPRE Sharpe Ratio is 0.95, which is lower than the PRF Sharpe Ratio of 3.16. The chart below compares the historical Sharpe Ratios of JPRE and PRF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JPRE vs. PRF - Drawdown Comparison

The maximum JPRE drawdown since its inception was -23.84%, smaller than the maximum PRF drawdown of -60.35%. Use the drawdown chart below to compare losses from any high point for JPRE and PRF.

Drawdown Indicators

	JPRE	PRF	Difference
Max Drawdown Largest peak-to-trough decline	-23.84%	-60.35%	+36.51%
Max Drawdown (1Y) Largest decline over 1 year	-7.70%	-6.59%	-1.11%
Max Drawdown (3Y) Largest decline over 3 years	-16.27%	-15.82%	-0.45%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.72%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.16%	—
Current Drawdown Current decline from peak	-0.70%	0.00%	-0.70%
Average Drawdown Average peak-to-trough decline	-8.10%	-6.92%	-1.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	1.61%	+1.19%

Volatility

JPRE vs. PRF - Volatility Comparison

JPMorgan Realty Income ETF (JPRE) has a higher volatility of 5.15% compared to Invesco RAFI US 1000 ETF (PRF) at 3.64%. This indicates that JPRE'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.

Volatility by Period

	JPRE	PRF	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.15%	3.64%	+1.51%
Volatility (6M) Calculated over the trailing 6-month period	10.07%	8.18%	+1.89%
Volatility (1Y) Calculated over the trailing 1-year period	13.47%	10.93%	+2.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.29%	15.24%	+3.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.29%	17.69%	+0.60%

JPRE vs. PRF - Expense Ratio Comparison

JPRE has a 0.50% expense ratio, which is higher than PRF's 0.34% expense ratio.

Dividends

JPRE vs. PRF - Dividend Comparison

JPRE's dividend yield for the trailing twelve months is around 2.20%, more than PRF's 1.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JPRE JPMorgan Realty Income ETF	2.20%	2.62%	2.21%	3.26%	10.60%	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

Can I hold both JPRE and PRF in my portfolio?

JPRE and PRF have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPRE or PRF?

JPRE has higher volatility (5.15%) compared to PRF (3.64%). In terms of maximum drawdown, JPRE dropped -23.84% vs PRF's -60.35%.

Which ETF is better, JPRE or PRF?

On 3-year performance, PRF leads with 20.74% vs 10.20% for JPRE. On fees, PRF is cheaper at 0.34% per year. On volatility, PRF has been the lower-risk option at 3.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPRE or PRF?

Over the 3-year period, PRF has performed better with a 20.74% return vs 10.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPRE or PRF?

PRF is cheaper with a 0.34% expense ratio, compared with 0.50% for JPRE.

Which ETF pays a higher dividend yield, JPRE or PRF?

JPRE has the higher dividend yield at 2.20%, compared with 1.36% for PRF.

What is the main difference between JPRE and PRF?

JPRE is categorized as REIT, while PRF is Large Cap Value Equities. They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.50% for JPRE and 0.34% for PRF.

Which has better risk-adjusted returns?

PRF currently has the higher Sharpe Ratio (3.16 vs 0.95), 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.