PRF vs. IVE
PRF (Invesco RAFI US 1000 ETF) and IVE (iShares S&P 500 Value ETF) are both Large Cap Value Equities funds - PRF tracks the RAFI Fundamental Select US 1000 Index while IVE tracks the S&P 500 Value Index. Both are passively managed. Over the past 10 years, PRF returned 13.51%/yr vs 11.55%/yr for IVE. With a 0.97 correlation, they move nearly in lockstep. PRF charges 0.34%/yr vs 0.18%/yr for IVE.
Performance
PRF vs. IVE - Performance Comparison
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Returns By Period
In the year-to-date period, PRF achieves a 16.80% return, which is significantly higher than IVE's 9.26% return. Over the past 10 years, PRF has outperformed IVE with an annualized return of 13.51%, while IVE has yielded a comparatively lower 11.55% annualized return.
PRF
- 1D
- -0.09%
- 1M
- 0.99%
- 6M
- 13.18%
- YTD
- 16.80%
- 1Y
- 28.96%
- 3Y*
- 20.17%
- 5Y*
- 13.25%
- 10Y*
- 13.51%
IVE
- 1D
- -0.41%
- 1M
- 0.93%
- 6M
- 6.89%
- YTD
- 9.26%
- 1Y
- 18.21%
- 3Y*
- 14.05%
- 5Y*
- 11.32%
- 10Y*
- 11.55%
PRF vs. IVE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRF Invesco RAFI US 1000 ETF | 16.80% | 18.33% | 16.73% | 15.72% | -7.79% | 31.12% | 7.78% | 27.42% | -8.71% | 16.01% |
IVE iShares S&P 500 Value ETF | 9.26% | 13.02% | 12.03% | 22.07% | -5.41% | 24.72% | 1.22% | 31.62% | -9.22% | 15.24% |
Correlation
The correlation between PRF and IVE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2005 | 0.97 |
The correlation between PRF and IVE has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
PRF vs. IVE - Sectors Allocation Comparison
Sectors
PRF
IVE
Technology
Financial Services
Healthcare
Consumer Cyclical
Industrials
Communication Services
Energy
Consumer Defensive
Basic Materials
Utilities
Real Estate
Technology
PRF
IVE
Financial Services
PRF
IVE
Healthcare
PRF
IVE
Consumer Cyclical
PRF
IVE
Industrials
PRF
IVE
Communication Services
PRF
IVE
Energy
PRF
IVE
Consumer Defensive
PRF
IVE
Basic Materials
PRF
IVE
Utilities
PRF
IVE
Real Estate
PRF
IVE
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Return for Risk
PRF vs. IVE — Risk / Return Rank
PRF
IVE
PRF vs. IVE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco RAFI US 1000 ETF (PRF) and iShares S&P 500 Value ETF (IVE). 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.
| PRF | IVE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.33 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.41 | 2.95 | +1.46 |
| Martin ratioReturn relative to average drawdown | 18.03 | 11.19 | +6.84 |
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Drawdowns
PRF vs. IVE - Drawdown Comparison
The maximum PRF drawdown since its inception was -60.35%, roughly equal to the maximum IVE drawdown of -61.32%. Use the drawdown chart below to compare losses from any high point for PRF and IVE.
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Drawdown Indicators
| PRF | IVE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.35% | -61.32% | +0.97% |
Max Drawdown (1Y)Largest decline over 1 year | -6.59% | -6.19% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -15.82% | -17.58% | +1.76% |
Max Drawdown (5Y)Largest decline over 5 years | -19.72% | -18.04% | -1.68% |
Max Drawdown (10Y)Largest decline over 10 years | -38.16% | -37.04% | -1.12% |
Current DrawdownCurrent decline from peak | -0.13% | -0.42% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -6.90% | -10.06% | +3.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 1.63% | -0.02% |
Volatility
PRF vs. IVE - Volatility Comparison
Invesco RAFI US 1000 ETF (PRF) and iShares S&P 500 Value ETF (IVE) have volatilities of 2.37% and 2.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRF | IVE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 2.35% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 8.07% | 7.19% | +0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.85% | 9.86% | +0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.16% | 14.36% | +0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.59% | 16.88% | +0.71% |
PRF vs. IVE - Expense Ratio Comparison
PRF has a 0.34% expense ratio, which is higher than IVE's 0.18% expense ratio.
Dividends
PRF vs. IVE - Dividend Comparison
PRF's dividend yield for the trailing twelve months is around 1.36%, less than IVE's 1.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVE iShares S&P 500 Value ETF | 1.54% | 1.61% | 2.04% | 1.65% | 2.10% | 1.81% | 2.37% | 2.11% | 2.74% | 2.12% | 2.26% | 2.44% |
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
With a correlation of 0.94, PRF and IVE 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.
PRF has higher volatility (2.37%) compared to IVE (2.35%). In terms of maximum drawdown, PRF dropped -60.35% vs IVE's -61.32%.
On 10-year performance, PRF leads with 13.51% vs 11.55% for IVE. On fees, IVE is cheaper at 0.18% per year. Their volatility is very similar. 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 13.51% return vs 11.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVE is cheaper with a 0.18% expense ratio, compared with 0.34% for PRF.
IVE has the higher dividend yield at 1.54%, compared with 1.36% for PRF.
PRF tracks RAFI Fundamental Select US 1000 Index, while IVE tracks S&P 500 Value Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.34% for PRF and 0.18% for IVE.
PRF currently has the higher Sharpe Ratio (2.68 vs 1.86), 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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