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PRF vs. FNDC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PRF vs. FNDC

Last updated Jun 14, 2026

PRF (Invesco RAFI US 1000 ETF) and FNDC (Schwab Fundamental International 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 FNDC is a Foreign Small & Mid Cap Equities fund tracking the Russell RAFI Small Company Developed x US. Both are passively managed. Over the past 10 years, PRF returned 13.91%/yr vs 9.15%/yr for FNDC. A 0.77 correlation means they provide meaningful diversification when combined. PRF charges 0.34%/yr vs 0.39%/yr for FNDC.

Performance

PRF vs. FNDC - Performance Comparison

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

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Returns By Period

In the year-to-date period, PRF achieves a 15.65% return, which is significantly higher than FNDC's 11.54% return. Over the past 10 years, PRF has outperformed FNDC with an annualized return of 13.91%, while FNDC has yielded a comparatively lower 9.15% 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%

FNDC

1D
0.34%
1M
0.77%
YTD
11.54%
6M
12.98%
1Y
26.36%
3Y*
17.46%
5Y*
7.25%
10Y*
9.15%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PRF vs. FNDC - 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%
FNDC
Schwab Fundamental International Small Co. Index ETF		11.54%35.65%1.38%14.92%-14.71%10.26%6.58%20.58%-19.10%29.22%

Correlation

The correlation between PRF and FNDC is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.74

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

0.71

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

0.76

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

0.76

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

0.77

The correlation between PRF and FNDC has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.

PRF vs. FNDC - Sectors Allocation Comparison

Sectors
PRF
FNDC

Technology

23.1%
10.1%

Financial Services

15.4%
11.4%

Healthcare

12.0%
4.8%

Communication Services

9.4%
4.7%

Industrials

8.9%
25.3%

Consumer Cyclical

8.7%
12.9%

Energy

7.9%
4.1%

Consumer Defensive

6.0%
6.1%

Basic Materials

3.3%
11.3%

Utilities

3.0%
2.6%

Real Estate

2.4%
6.6%

Technology

PRF
23.1%
FNDC
10.1%

Financial Services

PRF
15.4%
FNDC
11.4%

Healthcare

PRF
12.0%
FNDC
4.8%

Communication Services

PRF
9.4%
FNDC
4.7%

Industrials

PRF
8.9%
FNDC
25.3%

Consumer Cyclical

PRF
8.7%
FNDC
12.9%

Energy

PRF
7.9%
FNDC
4.1%

Consumer Defensive

PRF
6.0%
FNDC
6.1%

Basic Materials

PRF
3.3%
FNDC
11.3%

Utilities

PRF
3.0%
FNDC
2.6%

Real Estate

PRF
2.4%
FNDC
6.6%

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 International 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 FNDC:
FNDC vs. AVDVFNDC vs. SCHCFNDC vs. VSSFNDC vs. FNDAFNDC vs. DFISXFNDC vs. AVDSFNDC vs. DLS

Return for Risk

PRF vs. FNDC — 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
FNDC
FNDC Risk / Return Rank: 5656
Overall Rank
FNDC Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
FNDC Sortino Ratio Rank: 5757
Sortino Ratio Rank
FNDC Omega Ratio Rank: 5757
Omega Ratio Rank
FNDC Calmar Ratio Rank: 5252
Calmar Ratio Rank
FNDC Martin Ratio Rank: 5454
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. FNDC - Risk-Adjusted Trends Comparison

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

PRFFNDCDifference
Sharpe ratioReturn per unit of total volatility
2.95
1.69

+1.26

Sortino ratioReturn per unit of downside risk
4.07
2.40

+1.68

Omega ratioGain probability vs. loss probability

1.54

1.31

+0.23

Calmar ratioReturn relative to maximum drawdown

4.90

2.23

+2.67

Martin ratioReturn relative to average drawdown

20.07

8.23

+11.84

PRF vs. FNDC - Sharpe Ratio Comparison

The current PRF Sharpe Ratio is 2.95, which is higher than the FNDC Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of PRF and FNDC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PRF vs. FNDC - Drawdown Comparison

The maximum PRF drawdown since its inception was -60.35%, which is greater than FNDC's maximum drawdown of -43.22%. Use the drawdown chart below to compare losses from any high point for PRF and FNDC.

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Drawdown Indicators

PRFFNDCDifference

Max Drawdown

Largest peak-to-trough decline

-60.35%

-43.22%

-17.13%

Max Drawdown (1Y)

Largest decline over 1 year

-6.59%

-11.20%

+4.61%

Max Drawdown (3Y)

Largest decline over 3 years

-15.82%

-12.98%

-2.84%

Max Drawdown (5Y)

Largest decline over 5 years

-19.72%

-32.13%

+12.41%

Max Drawdown (10Y)

Largest decline over 10 years

-38.16%

-43.22%

+5.06%

Current Drawdown

Current decline from peak

-0.00%

-1.93%

+1.93%

Average Drawdown

Average peak-to-trough decline

-6.92%

-8.44%

+1.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.61%

3.04%

-1.43%

Volatility

PRF vs. FNDC - Volatility Comparison

The current volatility for Invesco RAFI US 1000 ETF (PRF) is 3.60%, while Schwab Fundamental International Small Co. Index ETF (FNDC) has a volatility of 5.51%. This indicates that PRF experiences smaller price fluctuations and is considered to be less risky than FNDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PRFFNDCDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.60%

5.51%

-1.91%

Volatility (6M)

Calculated over the trailing 6-month period

8.17%

12.47%

-4.30%

Volatility (1Y)

Calculated over the trailing 1-year period

10.95%

14.81%

-3.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.23%

16.08%

-0.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.68%

16.82%

+0.86%

PRF vs. FNDC - Expense Ratio Comparison

PRF has a 0.34% expense ratio, which is lower than FNDC's 0.39% expense ratio.

Dividends

PRF vs. FNDC - Dividend Comparison

PRF's dividend yield for the trailing twelve months is around 1.37%, less than FNDC's 3.46% yield.

PositionTTM20252024202320222021202020192018201720162015
FNDC
Schwab Fundamental International Small Co. Index ETF		3.46%3.86%3.59%2.86%1.98%2.58%1.77%2.71%2.68%1.94%1.95%1.30%
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

PRF and FNDC have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FNDC has higher volatility (5.51%) compared to PRF (3.60%). In terms of maximum drawdown, PRF dropped -60.35% vs FNDC's -43.22%.

On 10-year performance, PRF leads with 13.91% vs 9.15% for FNDC. On fees, PRF is cheaper at 0.34% 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 9.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

PRF is cheaper with a 0.34% expense ratio, compared with 0.39% for FNDC.

FNDC has the higher dividend yield at 3.46%, compared with 1.37% for PRF.

PRF is categorized as Large Cap Value Equities, while FNDC is Foreign Small & Mid Cap Equities. PRF tracks RAFI Fundamental Select US 1000 Index, while FNDC tracks Russell RAFI Small Company Developed x US. They also come from different issuers: Invesco and Charles Schwab. Their fees differ too: 0.34% for PRF and 0.39% for FNDC.

PRF currently has the higher Sharpe Ratio (2.95 vs 1.69), 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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