MGMT vs. PRFZ
Compare and contrast key facts about Ballast Small/Mid Cap ETF (MGMT) and Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ).
MGMT and PRFZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MGMT is an actively managed fund by Inverdale Capital Management LLC. It was launched on Dec 2, 2020. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MGMT or PRFZ.
Correlation
The correlation between MGMT and PRFZ is 0.93, 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
MGMT vs. PRFZ - Performance Comparison
Key characteristics
MGMT:
-0.01
PRFZ:
-0.17
MGMT:
0.15
PRFZ:
-0.08
MGMT:
1.02
PRFZ:
0.99
MGMT:
-0.01
PRFZ:
-0.14
MGMT:
-0.04
PRFZ:
-0.52
MGMT:
6.44%
PRFZ:
7.31%
MGMT:
22.54%
PRFZ:
22.87%
MGMT:
-24.95%
PRFZ:
-62.41%
MGMT:
-18.35%
PRFZ:
-21.69%
Returns By Period
In the year-to-date period, MGMT achieves a -13.65% return, which is significantly higher than PRFZ's -15.04% return.
MGMT
-13.65%
-7.11%
-7.42%
0.65%
N/A
N/A
PRFZ
-15.04%
-7.58%
-15.11%
-2.49%
15.73%
6.73%
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MGMT vs. PRFZ - Expense Ratio Comparison
MGMT has a 1.10% expense ratio, which is higher than PRFZ's 0.39% expense ratio.
Risk-Adjusted Performance
MGMT vs. PRFZ — Risk-Adjusted Performance Rank
MGMT
PRFZ
MGMT vs. PRFZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ballast Small/Mid Cap ETF (MGMT) 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
MGMT vs. PRFZ - Dividend Comparison
MGMT's dividend yield for the trailing twelve months is around 0.60%, less than PRFZ's 1.59% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGMT Ballast Small/Mid Cap ETF | 0.60% | 0.51% | 1.16% | 0.90% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF | 1.59% | 1.45% | 1.42% | 1.33% | 0.93% | 0.91% | 1.29% | 1.37% | 0.97% | 1.31% | 1.39% | 1.14% |
Drawdowns
MGMT vs. PRFZ - Drawdown Comparison
The maximum MGMT drawdown since its inception was -24.95%, smaller than the maximum PRFZ drawdown of -62.41%. Use the drawdown chart below to compare losses from any high point for MGMT and PRFZ. For additional features, visit the drawdowns tool.
Volatility
MGMT vs. PRFZ - Volatility Comparison
Ballast Small/Mid Cap ETF (MGMT) and Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) have volatilities of 13.21% and 13.47%, 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.