PLW vs. RFL

Last updated Jun 4, 2026

PLW (Invesco 1-30 Laddered Treasury ETF) is Government Bonds fund tracking the Ryan/NASDAQ 1-30 Year Treasury Laddered Index, while RFL (Rafael Holdings, Inc.) is a stock. Over the past 5 years, PLW returned -2.77%/yr vs -50.63%/yr for RFL. At a correlation of -0.03, they often move in opposite directions.

Performance

PLW vs. RFL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco 1-30 Laddered Treasury ETF (PLW) and Rafael Holdings, Inc. (RFL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLW achieves a -0.55% return, which is significantly lower than RFL's 14.41% return.

PLW

• 1D: -0.33%
• 1M: 0.34%
• YTD: -0.55%
• 6M: -1.32%
• 1Y: 4.34%
• 3Y*: 0.89%
• 5Y*: -2.77%
• 10Y*: -0.10%

RFL

• 1D: -1.46%
• 1M: 8.00%
• YTD: 14.41%
• 6M: 8.00%
• 1Y: -4.93%
• 3Y*: -15.51%
• 5Y*: -50.63%
• 10Y*: —

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

PLW vs. RFL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PLW Invesco 1-30 Laddered Treasury ETF	-0.55%	5.84%	-2.95%	3.31%	-19.98%	-3.76%	12.55%	10.00%	3.25%
RFL Rafael Holdings, Inc.	14.41%	-27.48%	-9.84%	-2.14%	-63.33%	-78.13%	30.72%	124.97%	-38.00%

Correlation

The correlation between PLW and RFL is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (All Time) Calculated using the full available price history since Mar 27, 2018	-0.03

The correlation between PLW and RFL shifts across timeframes, from -0.03 (all time) to 0.11 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PLW vs. RFL — Risk / Return Rank

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

PLW

PLW Risk / Return Rank: 19
PLW Sharpe Ratio Rank: 20
PLW Sortino Ratio Rank: 19
PLW Omega Ratio Rank: 18
PLW Calmar Ratio Rank: 19
PLW Martin Ratio Rank: 20

RFL

RFL Risk / Return Rank: 40
RFL Sharpe Ratio Rank: 39
RFL Sortino Ratio Rank: 42
RFL Omega Ratio Rank: 44
RFL Calmar Ratio Rank: 38
RFL Martin Ratio Rank: 39

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.

PLW vs. RFL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco 1-30 Laddered Treasury ETF (PLW) and Rafael Holdings, Inc. (RFL). 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.

	PLW	RFL	Difference
Sharpe ratio: Return per unit of total volatility	0.66	-0.06	+0.72
Sortino ratio: Return per unit of downside risk	1.00	0.51	+0.49
Omega ratio: Gain probability vs. loss probability	1.11	1.07	+0.04
Calmar ratio: Return relative to maximum drawdown	0.80	-0.08	+0.88
Martin ratio: Return relative to average drawdown	2.24	-0.10	+2.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PLW vs. RFL - Sharpe Ratio Comparison

The current PLW Sharpe Ratio is 0.66, which is higher than the RFL Sharpe Ratio of -0.06. The chart below compares the historical Sharpe Ratios of PLW and RFL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PLW	RFL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.66	-0.06	+0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.28	-0.71	+0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	-0.31	+0.63

Drawdowns

PLW vs. RFL - Drawdown Comparison

The maximum PLW drawdown since its inception was -32.70%, smaller than the maximum RFL drawdown of -98.15%. Use the drawdown chart below to compare losses from any high point for PLW and RFL.

Drawdown Indicators

	PLW	RFL	Difference
Max Drawdown Largest peak-to-trough decline	-32.70%	-98.15%	+65.45%
Max Drawdown (1Y) Largest decline over 1 year	-5.45%	-59.30%	+53.85%
Max Drawdown (3Y) Largest decline over 3 years	-11.58%	-59.30%	+47.72%
Max Drawdown (5Y) Largest decline over 5 years	-28.30%	-98.15%	+69.85%
Max Drawdown (10Y) Largest decline over 10 years	-32.70%	—	—
Current Drawdown Current decline from peak	-22.38%	-97.85%	+75.47%
Average Drawdown Average peak-to-trough decline	-9.65%	-67.27%	+57.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	50.52%	-48.58%

Volatility

PLW vs. RFL - Volatility Comparison

The current volatility for Invesco 1-30 Laddered Treasury ETF (PLW) is 2.04%, while Rafael Holdings, Inc. (RFL) has a volatility of 10.21%. This indicates that PLW experiences smaller price fluctuations and is considered to be less risky than RFL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLW	RFL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.04%	10.21%	-8.17%
Volatility (6M) Calculated over the trailing 6-month period	4.53%	40.32%	-35.79%
Volatility (1Y) Calculated over the trailing 1-year period	6.58%	80.18%	-73.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.86%	71.83%	-61.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.10%	76.38%	-67.28%

Dividends

PLW vs. RFL - Dividend Comparison

PLW's dividend yield for the trailing twelve months is around 3.83%, while RFL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PLW Invesco 1-30 Laddered Treasury ETF	3.83%	3.75%	3.56%	2.87%	1.97%	1.15%	1.00%	1.96%	2.14%	2.02%	2.00%	2.14%
RFL Rafael Holdings, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PLW and RFL in my portfolio?

PLW and RFL have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLW or RFL?

RFL has higher volatility (10.21%) compared to PLW (2.04%). In terms of maximum drawdown, PLW dropped -32.70% vs RFL's -98.15%.

Which has better risk-adjusted returns?

PLW currently has the higher Sharpe Ratio (0.66 vs -0.06), 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.