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PRF vs. IJR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PRF vs. IJR

Last updated Jun 16, 2026

PRF (Invesco RAFI US 1000 ETF) and IJR (iShares Core S&P Small-Cap ETF) are both exchange-traded funds - PRF is a Large Cap Value Equities fund tracking the RAFI Fundamental Select US 1000 Index, while IJR is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 Index. Both are passively managed. Over the past 10 years, PRF returned 13.94%/yr vs 11.21%/yr for IJR. Their correlation of 0.89 suggests significant overlap in exposure. PRF charges 0.34%/yr vs 0.06%/yr for IJR.

Performance

PRF vs. IJR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco RAFI US 1000 ETF (PRF) and iShares Core S&P Small-Cap ETF (IJR). 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 16.44% return, which is significantly lower than IJR's 19.86% return. Over the past 10 years, PRF has outperformed IJR with an annualized return of 13.94%, while IJR has yielded a comparatively lower 11.21% annualized return.

PRF

1D
0.68%
1M
4.19%
YTD
16.44%
6M
16.00%
1Y
34.32%
3Y*
20.74%
5Y*
13.06%
10Y*
13.94%

IJR

1D
0.11%
1M
7.39%
YTD
19.86%
6M
16.97%
1Y
37.16%
3Y*
15.09%
5Y*
6.35%
10Y*
11.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PRF vs. IJR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PRF
Invesco RAFI US 1000 ETF		16.44%18.33%16.73%15.72%-7.79%31.12%7.78%27.42%-8.71%16.01%
IJR
iShares Core S&P Small-Cap ETF		19.86%5.89%8.63%16.06%-16.20%26.58%11.28%22.82%-8.51%13.15%

Correlation

The correlation between PRF and IJR is 0.90, 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

0.90

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

0.89

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

0.90

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

0.89

Correlation (All Time)
Calculated using the full available price history since Dec 19, 2005

0.89

The correlation between PRF and IJR has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.

PRF vs. IJR - Sectors Allocation Comparison

Sectors
PRF
IJR

Technology

23.1%
15.9%

Financial Services

15.4%
16.0%

Healthcare

12.0%
11.0%

Communication Services

9.4%
3.2%

Industrials

8.9%
16.0%

Consumer Cyclical

8.7%
12.5%

Energy

7.9%
6.8%

Consumer Defensive

6.0%
3.2%

Basic Materials

3.3%
4.7%

Utilities

3.0%
1.9%

Real Estate

2.4%
7.5%

Technology

PRF
23.1%
IJR
15.9%

Financial Services

PRF
15.4%
IJR
16.0%

Healthcare

PRF
12.0%
IJR
11.0%

Communication Services

PRF
9.4%
IJR
3.2%

Industrials

PRF
8.9%
IJR
16.0%

Consumer Cyclical

PRF
8.7%
IJR
12.5%

Energy

PRF
7.9%
IJR
6.8%

Consumer Defensive

PRF
6.0%
IJR
3.2%

Basic Materials

PRF
3.3%
IJR
4.7%

Utilities

PRF
3.0%
IJR
1.9%

Real Estate

PRF
2.4%
IJR
7.5%

Compare stocks, funds, or ETFs

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Invesco RAFI US 1000 ETF

iShares Core S&P Small-Cap ETF

Often compared with PRF:
PRF vs. SPYPRF vs. VOOPRF vs. RSPPRF vs. PFMPRF vs. VTVPRF vs. SCHDPRF vs. PXF
Often compared with IJR:
IJR vs. IWMIJR vs. VBIJR vs. AVUVIJR vs. IJSIJR vs. IJHIJR vs. SCHAIJR vs. VBR

Return for Risk

PRF vs. IJR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PRF
PRF Risk / Return Rank: 9393
Overall Rank
PRF Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
PRF Sortino Ratio Rank: 9494
Sortino Ratio Rank
PRF Omega Ratio Rank: 9393
Omega Ratio Rank
PRF Calmar Ratio Rank: 9191
Calmar Ratio Rank
PRF Martin Ratio Rank: 9393
Martin Ratio Rank
IJR
IJR Risk / Return Rank: 7777
Overall Rank
IJR Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
IJR Sortino Ratio Rank: 7676
Sortino Ratio Rank
IJR Omega Ratio Rank: 6868
Omega Ratio Rank
IJR Calmar Ratio Rank: 8686
Calmar Ratio Rank
IJR Martin Ratio Rank: 8282
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. IJR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco RAFI US 1000 ETF (PRF) and iShares Core S&P Small-Cap ETF (IJR). 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.

PRFIJRDifference
Sharpe ratioReturn per unit of total volatility
3.16
2.12

+1.04

Sortino ratioReturn per unit of downside risk
4.34
3.03

+1.31

Omega ratioGain probability vs. loss probability

1.58

1.36

+0.22

Calmar ratioReturn relative to maximum drawdown

5.23

4.30

+0.93

Martin ratioReturn relative to average drawdown

21.40

14.44

+6.96

PRF vs. IJR - Sharpe Ratio Comparison

The current PRF Sharpe Ratio is 3.16, which is higher than the IJR Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of PRF and IJR, 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. IJR - Drawdown Comparison

The maximum PRF drawdown since its inception was -60.35%, roughly equal to the maximum IJR drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for PRF and IJR.

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Drawdown Indicators

PRFIJRDifference

Max Drawdown

Largest peak-to-trough decline

-60.35%

-58.15%

-2.20%

Max Drawdown (1Y)

Largest decline over 1 year

-6.59%

-8.68%

+2.09%

Max Drawdown (3Y)

Largest decline over 3 years

-15.82%

-28.02%

+12.20%

Max Drawdown (5Y)

Largest decline over 5 years

-19.72%

-28.02%

+8.30%

Max Drawdown (10Y)

Largest decline over 10 years

-38.16%

-44.36%

+6.20%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-6.92%

-9.27%

+2.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.61%

2.58%

-0.97%

Volatility

PRF vs. IJR - Volatility Comparison

The current volatility for Invesco RAFI US 1000 ETF (PRF) is 3.64%, while iShares Core S&P Small-Cap ETF (IJR) has a volatility of 5.17%. This indicates that PRF experiences smaller price fluctuations and is considered to be less risky than IJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PRFIJRDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.64%

5.17%

-1.53%

Volatility (6M)

Calculated over the trailing 6-month period

8.18%

11.93%

-3.75%

Volatility (1Y)

Calculated over the trailing 1-year period

10.93%

17.67%

-6.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.24%

21.44%

-6.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.69%

22.93%

-5.24%

PRF vs. IJR - Expense Ratio Comparison

PRF has a 0.34% expense ratio, which is higher than IJR's 0.06% expense ratio.

Dividends

PRF vs. IJR - Dividend Comparison

PRF's dividend yield for the trailing twelve months is around 1.36%, less than IJR's 1.42% yield.

PositionTTM20252024202320222021202020192018201720162015
IJR
iShares Core S&P Small-Cap ETF		1.42%1.44%2.05%1.31%1.41%1.53%1.11%1.44%1.58%1.20%1.22%1.48%
PRF
Invesco RAFI US 1000 ETF		1.36%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 IJR have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IJR has higher volatility (5.17%) compared to PRF (3.64%). In terms of maximum drawdown, PRF dropped -60.35% vs IJR's -58.15%.

On 10-year performance, PRF leads with 13.94% vs 11.21% for IJR. On fees, IJR is cheaper at 0.06% per year. On volatility, PRF has been the lower-risk option at 3.64%. 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 13.94% return vs 11.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IJR is cheaper with a 0.06% expense ratio, compared with 0.34% for PRF.

IJR has the higher dividend yield at 1.42%, compared with 1.36% for PRF.

PRF is categorized as Large Cap Value Equities, while IJR is Small Cap Blend Equities. PRF tracks RAFI Fundamental Select US 1000 Index, while IJR tracks S&P SmallCap 600 Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.34% for PRF and 0.06% for IJR.

PRF currently has the higher Sharpe Ratio (3.16 vs 2.12), 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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