LRGF vs. RAFE
LRGF (iShares MSCI USA Multifactor ETF) and RAFE (PIMCO RAFI ESG U.S. ETF) are both Large Cap Blend Equities funds - LRGF tracks the MSCI USA Diversified Multi-Factor while RAFE tracks the RAFI ESG US Index. Both are passively managed. Over the past 5 years, LRGF returned 13.48%/yr vs 11.46%/yr for RAFE. Their correlation of 0.89 suggests significant overlap in exposure. LRGF charges 0.20%/yr vs 0.30%/yr for RAFE.
Performance
LRGF vs. RAFE - Performance Comparison
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Returns By Period
In the year-to-date period, LRGF achieves a 9.81% return, which is significantly lower than RAFE's 15.70% return.
LRGF
- 1D
- -0.78%
- 1M
- 0.87%
- 6M
- 8.30%
- YTD
- 9.81%
- 1Y
- 18.87%
- 3Y*
- 20.36%
- 5Y*
- 13.48%
- 10Y*
- 13.70%
RAFE
- 1D
- -0.06%
- 1M
- 1.59%
- 6M
- 13.30%
- YTD
- 15.70%
- 1Y
- 28.06%
- 3Y*
- 18.76%
- 5Y*
- 11.46%
- 10Y*
- —
LRGF vs. RAFE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LRGF iShares MSCI USA Multifactor ETF | 9.81% | 16.48% | 26.59% | 25.85% | -14.77% | 25.01% | 11.11% | 0.96% |
RAFE PIMCO RAFI ESG U.S. ETF | 15.70% | 17.60% | 13.81% | 18.80% | -13.76% | 30.16% | 5.29% | 0.43% |
Correlation
The correlation between LRGF and RAFE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2019 | 0.89 |
The correlation between LRGF and RAFE has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.
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Return for Risk
LRGF vs. RAFE — Risk / Return Rank
LRGF
RAFE
LRGF vs. RAFE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Multifactor ETF (LRGF) and PIMCO RAFI ESG U.S. ETF (RAFE). 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.
| LRGF | RAFE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.45 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 3.78 | -1.65 |
| Martin ratioReturn relative to average drawdown | 8.37 | 14.72 | -6.35 |
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Drawdowns
LRGF vs. RAFE - Drawdown Comparison
The maximum LRGF drawdown since its inception was -36.03%, roughly equal to the maximum RAFE drawdown of -35.74%. Use the drawdown chart below to compare losses from any high point for LRGF and RAFE.
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Drawdown Indicators
| LRGF | RAFE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.03% | -35.74% | -0.29% |
Max Drawdown (1Y)Largest decline over 1 year | -8.92% | -7.46% | -1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -19.44% | -16.36% | -3.08% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -24.28% | +2.66% |
Max Drawdown (10Y)Largest decline over 10 years | -36.03% | — | — |
Current DrawdownCurrent decline from peak | -1.33% | -0.06% | -1.27% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -6.13% | +1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 1.91% | +0.35% |
Volatility
LRGF vs. RAFE - Volatility Comparison
iShares MSCI USA Multifactor ETF (LRGF) has a higher volatility of 3.79% compared to PIMCO RAFI ESG U.S. ETF (RAFE) at 2.78%. This indicates that LRGF's price experiences larger fluctuations and is considered to be riskier than RAFE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LRGF | RAFE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 2.78% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 9.97% | 8.59% | +1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.62% | 11.34% | +1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.09% | 15.07% | +2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.29% | 19.33% | -1.04% |
LRGF vs. RAFE - Expense Ratio Comparison
LRGF has a 0.20% expense ratio, which is lower than RAFE's 0.30% expense ratio.
Dividends
LRGF vs. RAFE - Dividend Comparison
LRGF's dividend yield for the trailing twelve months is around 1.08%, less than RAFE's 1.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LRGF iShares MSCI USA Multifactor ETF | 1.08% | 1.16% | 1.23% | 1.49% | 1.78% | 1.05% | 1.35% | 1.76% | 3.27% | 1.68% | 1.56% | 0.83% |
RAFE PIMCO RAFI ESG U.S. ETF | 1.49% | 1.67% | 1.79% | 1.81% | 2.22% | 1.42% | 2.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LRGF and RAFE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LRGF has higher volatility (3.79%) compared to RAFE (2.78%). In terms of maximum drawdown, LRGF dropped -36.03% vs RAFE's -35.74%.
On 5-year performance, LRGF leads with 13.48% vs 11.46% for RAFE. On fees, LRGF is cheaper at 0.20% per year. On volatility, RAFE has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, LRGF has performed better with a 13.48% return vs 11.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LRGF is cheaper with a 0.20% expense ratio, compared with 0.30% for RAFE.
RAFE has the higher dividend yield at 1.49%, compared with 1.08% for LRGF.
LRGF tracks MSCI USA Diversified Multi-Factor, while RAFE tracks RAFI ESG US Index. They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.20% for LRGF and 0.30% for RAFE.
RAFE currently has the higher Sharpe Ratio (2.49 vs 1.51), 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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