PFM vs. PRF
Compare and contrast key facts about Invesco Dividend Achievers™ ETF (PFM) and Invesco FTSE RAFI US 1000 ETF (PRF).
PFM and PRF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PFM is a passively managed fund by Invesco that tracks the performance of the NASDAQ US Broad Dividend Achievers Index. It was launched on Sep 15, 2005. PRF is a passively managed fund by Invesco that tracks the performance of the FTSE RAFI US 1000 Index. It was launched on Dec 19, 2005. Both PFM and PRF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFM or PRF.
Key characteristics
| PFM | PRF | |
|---|---|---|
| YTD Return | 20.12% | 20.86% |
| 1Y Return | 29.65% | 33.51% |
| 3Y Return (Ann) | 8.85% | 9.28% |
| 5Y Return (Ann) | 11.87% | 13.66% |
| 10Y Return (Ann) | 10.51% | 11.03% |
| Sharpe Ratio | 3.04 | 2.99 |
| Sortino Ratio | 4.23 | 4.15 |
| Omega Ratio | 1.56 | 1.55 |
| Calmar Ratio | 6.03 | 5.65 |
| Martin Ratio | 20.52 | 19.90 |
| Ulcer Index | 1.44% | 1.67% |
| Daily Std Dev | 9.71% | 11.12% |
| Max Drawdown | -53.21% | -60.35% |
| Current Drawdown | -0.53% | -0.71% |
Correlation
The correlation between PFM and PRF is 0.92, 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
PFM vs. PRF - Performance Comparison
The year-to-date returns for both investments are quite close, with PFM having a 20.12% return and PRF slightly higher at 20.86%. Both investments have delivered pretty close results over the past 10 years, with PFM having a 10.51% annualized return and PRF not far ahead at 11.03%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PFM vs. PRF - Expense Ratio Comparison
PFM has a 0.53% expense ratio, which is higher than PRF's 0.39% expense ratio.
Risk-Adjusted Performance
PFM vs. PRF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dividend Achievers™ ETF (PFM) and Invesco FTSE 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.
Dividends
PFM vs. PRF - Dividend Comparison
PFM's dividend yield for the trailing twelve months is around 1.58%, less than PRF's 1.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFM Invesco Dividend Achievers™ ETF | 1.58% | 1.86% | 1.95% | 1.69% | 1.92% | 1.94% | 2.27% | 1.70% | 2.56% | 2.36% | 1.93% | 1.87% |
PRF Invesco FTSE RAFI US 1000 ETF | 1.67% | 1.84% | 2.01% | 1.58% | 1.97% | 1.99% | 2.25% | 1.58% | 2.17% | 2.25% | 1.73% | 1.56% |
Drawdowns
PFM vs. PRF - Drawdown Comparison
The maximum PFM drawdown since its inception was -53.21%, smaller than the maximum PRF drawdown of -60.35%. Use the drawdown chart below to compare losses from any high point for PFM and PRF. For additional features, visit the drawdowns tool.
Volatility
PFM vs. PRF - Volatility Comparison
The current volatility for Invesco Dividend Achievers™ ETF (PFM) is 3.33%, while Invesco FTSE RAFI US 1000 ETF (PRF) has a volatility of 3.98%. This indicates that PFM experiences smaller price fluctuations and is considered to be less risky than PRF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.