PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
PRF vs. FNDA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PRF vs. FNDA

Last updated Jun 14, 2026

PRF (Invesco RAFI US 1000 ETF) and FNDA (Schwab Fundamental US Small Co. Index ETF) are both exchange-traded funds - PRF is a Large Cap Value Equities fund tracking the RAFI Fundamental Select US 1000 Index, while FNDA is a Small Cap Blend Equities fund tracking the Russell RAFI Small Company US. Both are passively managed. Over the past 10 years, PRF returned 13.91%/yr vs 11.35%/yr for FNDA. Their correlation of 0.91 suggests significant overlap in exposure. PRF charges 0.34%/yr vs 0.25%/yr for FNDA.

Performance

PRF vs. FNDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco RAFI US 1000 ETF (PRF) and Schwab Fundamental US Small Co. Index ETF (FNDA). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, PRF achieves a 15.65% return, which is significantly lower than FNDA's 18.31% return. Over the past 10 years, PRF has outperformed FNDA with an annualized return of 13.91%, while FNDA has yielded a comparatively lower 11.35% annualized return.

PRF

1D
0.88%
1M
3.48%
YTD
15.65%
6M
15.18%
1Y
33.40%
3Y*
20.72%
5Y*
12.67%
10Y*
13.91%

FNDA

1D
0.95%
1M
6.65%
YTD
18.31%
6M
15.70%
1Y
35.41%
3Y*
15.56%
5Y*
7.49%
10Y*
11.35%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PRF vs. FNDA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PRF
Invesco RAFI US 1000 ETF		15.65%18.33%16.73%15.72%-7.79%31.12%7.78%27.42%-8.71%16.01%
FNDA
Schwab Fundamental US Small Co. Index ETF		18.31%7.44%9.00%20.29%-14.83%31.12%8.44%24.34%-12.12%12.68%

Correlation

The correlation between PRF and FNDA is 0.91, 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

0.91

Correlation (3Y)
Calculated over the trailing 3-year period

0.90

Correlation (5Y)
Calculated over the trailing 5-year period

0.92

Correlation (10Y)
Calculated over the trailing 10-year period

0.91

Correlation (All Time)
Calculated using the full available price history since Aug 15, 2013

0.91

The correlation between PRF and FNDA has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

PRF vs. FNDA - Sectors Allocation Comparison

Sectors
PRF
FNDA

Technology

23.1%
16.2%

Financial Services

15.4%
14.1%

Healthcare

12.0%
7.1%

Communication Services

9.4%
4.0%

Industrials

8.9%
19.3%

Consumer Cyclical

8.7%
12.2%

Energy

7.9%
5.5%

Consumer Defensive

6.0%
3.9%

Basic Materials

3.3%
5.2%

Utilities

3.0%
2.7%

Real Estate

2.4%
9.8%

Technology

PRF
23.1%
FNDA
16.2%

Financial Services

PRF
15.4%
FNDA
14.1%

Healthcare

PRF
12.0%
FNDA
7.1%

Communication Services

PRF
9.4%
FNDA
4.0%

Industrials

PRF
8.9%
FNDA
19.3%

Consumer Cyclical

PRF
8.7%
FNDA
12.2%

Energy

PRF
7.9%
FNDA
5.5%

Consumer Defensive

PRF
6.0%
FNDA
3.9%

Basic Materials

PRF
3.3%
FNDA
5.2%

Utilities

PRF
3.0%
FNDA
2.7%

Real Estate

PRF
2.4%
FNDA
9.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco RAFI US 1000 ETF

Schwab Fundamental US Small Co. Index ETF

Often compared with PRF:
PRF vs. SPYPRF vs. VOOPRF vs. RSPPRF vs. PFMPRF vs. VTVPRF vs. SCHDPRF vs. PXF
Often compared with FNDA:
FNDA vs. SCHAFNDA vs. FNDCFNDA vs. VBKFNDA vs. IFRAFNDA vs. SPYFNDA vs. IGFFNDA vs. LRGF

Return for Risk

PRF vs. FNDA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PRF
PRF Risk / Return Rank: 9292
Overall Rank
PRF Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
PRF Sortino Ratio Rank: 9393
Sortino Ratio Rank
PRF Omega Ratio Rank: 9292
Omega Ratio Rank
PRF Calmar Ratio Rank: 9090
Calmar Ratio Rank
PRF Martin Ratio Rank: 9292
Martin Ratio Rank
FNDA
FNDA Risk / Return Rank: 7070
Overall Rank
FNDA Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
FNDA Sortino Ratio Rank: 6969
Sortino Ratio Rank
FNDA Omega Ratio Rank: 6262
Omega Ratio Rank
FNDA Calmar Ratio Rank: 7878
Calmar Ratio Rank
FNDA Martin Ratio Rank: 7171
Martin Ratio Rank
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.

PRF vs. FNDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco RAFI US 1000 ETF (PRF) and Schwab Fundamental US Small Co. Index ETF (FNDA). 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.

PRFFNDADifference
Sharpe ratioReturn per unit of total volatility
2.95
1.91

+1.05

Sortino ratioReturn per unit of downside risk
4.07
2.73

+1.34

Omega ratioGain probability vs. loss probability

1.54

1.33

+0.21

Calmar ratioReturn relative to maximum drawdown

4.90

3.54

+1.36

Martin ratioReturn relative to average drawdown

20.07

11.47

+8.59

PRF vs. FNDA - Sharpe Ratio Comparison

The current PRF Sharpe Ratio is 2.95, which is higher than the FNDA Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of PRF and FNDA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

PRF vs. FNDA - Drawdown Comparison

The maximum PRF drawdown since its inception was -60.35%, which is greater than FNDA's maximum drawdown of -44.64%. Use the drawdown chart below to compare losses from any high point for PRF and FNDA.

Loading charts...

Drawdown Indicators

PRFFNDADifference

Max Drawdown

Largest peak-to-trough decline

-60.35%

-44.64%

-15.71%

Max Drawdown (1Y)

Largest decline over 1 year

-6.59%

-9.36%

+2.77%

Max Drawdown (3Y)

Largest decline over 3 years

-15.82%

-25.92%

+10.10%

Max Drawdown (5Y)

Largest decline over 5 years

-19.72%

-25.92%

+6.20%

Max Drawdown (10Y)

Largest decline over 10 years

-38.16%

-44.64%

+6.48%

Current Drawdown

Current decline from peak

-0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-6.92%

-6.68%

-0.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.61%

2.89%

-1.28%

Volatility

PRF vs. FNDA - Volatility Comparison

The current volatility for Invesco RAFI US 1000 ETF (PRF) is 3.60%, while Schwab Fundamental US Small Co. Index ETF (FNDA) has a volatility of 5.14%. This indicates that PRF experiences smaller price fluctuations and is considered to be less risky than FNDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

PRFFNDADifference

Volatility (1M)

Calculated over the trailing 1-month period

3.60%

5.14%

-1.54%

Volatility (6M)

Calculated over the trailing 6-month period

8.17%

12.13%

-3.96%

Volatility (1Y)

Calculated over the trailing 1-year period

10.95%

17.40%

-6.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.23%

20.93%

-5.70%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.68%

22.39%

-4.71%

PRF vs. FNDA - Expense Ratio Comparison

PRF has a 0.34% expense ratio, which is higher than FNDA's 0.25% expense ratio.

Dividends

PRF vs. FNDA - Dividend Comparison

PRF's dividend yield for the trailing twelve months is around 1.37%, more than FNDA's 1.06% yield.

PositionTTM20252024202320222021202020192018201720162015
FNDA
Schwab Fundamental US Small Co. Index ETF		1.06%1.22%1.53%1.37%1.38%1.15%1.31%1.38%1.64%1.30%1.18%1.33%
PRF
Invesco RAFI US 1000 ETF		1.37%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

With a correlation of 0.91, PRF and FNDA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

FNDA has higher volatility (5.14%) compared to PRF (3.60%). In terms of maximum drawdown, PRF dropped -60.35% vs FNDA's -44.64%.

On 10-year performance, PRF leads with 13.91% vs 11.35% for FNDA. On fees, FNDA is cheaper at 0.25% per year. On volatility, PRF has been the lower-risk option at 3.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, PRF has performed better with a 13.91% return vs 11.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FNDA is cheaper with a 0.25% expense ratio, compared with 0.34% for PRF.

PRF has the higher dividend yield at 1.37%, compared with 1.06% for FNDA.

PRF is categorized as Large Cap Value Equities, while FNDA is Small Cap Blend Equities. PRF tracks RAFI Fundamental Select US 1000 Index, while FNDA tracks Russell RAFI Small Company US. They also come from different issuers: Invesco and Charles Schwab. Their fees differ too: 0.34% for PRF and 0.25% for FNDA.

PRF currently has the higher Sharpe Ratio (2.95 vs 1.91), 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.

Portfolio Optimizer

Find the right allocation for PRF and FNDA

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer