PRF vs. MFEM
Compare and contrast key facts about Invesco RAFI US 1000 ETF (PRF) and PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM).
PRF and MFEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PRF is a passively managed fund by Invesco that tracks the performance of the RAFI Fundamental Select US 1000 Index. It was launched on Dec 19, 2005. MFEM is a passively managed fund by PIMCO that tracks the performance of the RAFI Dynamic Multi-Factor Emerging Market Index. It was launched on Aug 31, 2017. Both PRF and MFEM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
PRF vs. MFEM - Performance Comparison
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PRF vs. MFEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRF Invesco RAFI US 1000 ETF | 2.19% | 18.33% | 16.73% | 15.72% | -7.79% | 31.12% | 7.78% | 27.42% | -8.71% | 10.04% |
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 8.85% | 25.33% | 4.73% | 15.14% | -19.50% | 10.77% | 11.33% | 15.26% | -14.64% | 4.82% |
Returns By Period
In the year-to-date period, PRF achieves a 2.19% return, which is significantly lower than MFEM's 8.85% return.
PRF
- 1D
- 0.48%
- 1M
- -3.47%
- YTD
- 2.19%
- 6M
- 6.13%
- 1Y
- 20.12%
- 3Y*
- 17.14%
- 5Y*
- 11.37%
- 10Y*
- 12.67%
MFEM
- 1D
- 0.60%
- 1M
- -8.10%
- YTD
- 8.85%
- 6M
- 12.85%
- 1Y
- 35.46%
- 3Y*
- 16.40%
- 5Y*
- 6.50%
- 10Y*
- —
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PRF vs. MFEM - Expense Ratio Comparison
PRF has a 0.34% expense ratio, which is lower than MFEM's 0.49% expense ratio.
Return for Risk
PRF vs. MFEM — Risk / Return Rank
PRF
MFEM
PRF vs. MFEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco RAFI US 1000 ETF (PRF) and PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM). 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.
| PRF | MFEM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | 1.90 | -0.65 |
Sortino ratioReturn per unit of downside risk | 1.79 | 2.48 | -0.69 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.37 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 2.80 | -1.13 |
Martin ratioReturn relative to average drawdown | 7.89 | 10.54 | -2.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PRF | MFEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.90 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.41 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.33 | +0.13 |
Correlation
The correlation between PRF and MFEM is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PRF vs. MFEM - Dividend Comparison
PRF's dividend yield for the trailing twelve months is around 1.55%, less than MFEM's 2.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRF Invesco RAFI US 1000 ETF | 1.55% | 1.59% | 1.78% | 1.84% | 2.01% | 1.58% | 1.97% | 1.99% | 2.25% | 1.58% | 2.17% | 2.25% |
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 2.56% | 2.77% | 5.89% | 4.01% | 7.01% | 29.96% | 1.70% | 2.37% | 1.18% | 0.21% | 0.00% | 0.00% |
Drawdowns
PRF vs. MFEM - Drawdown Comparison
The maximum PRF drawdown since its inception was -60.35%, which is greater than MFEM's maximum drawdown of -43.32%. Use the drawdown chart below to compare losses from any high point for PRF and MFEM.
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Drawdown Indicators
| PRF | MFEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.35% | -43.32% | -17.03% |
Max Drawdown (1Y)Largest decline over 1 year | -12.03% | -12.86% | +0.83% |
Max Drawdown (5Y)Largest decline over 5 years | -19.72% | -31.39% | +11.67% |
Max Drawdown (10Y)Largest decline over 10 years | -38.16% | — | — |
Current DrawdownCurrent decline from peak | -4.12% | -9.77% | +5.65% |
Average DrawdownAverage peak-to-trough decline | -6.98% | -11.67% | +4.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 3.42% | -0.87% |
Volatility
PRF vs. MFEM - Volatility Comparison
The current volatility for Invesco RAFI US 1000 ETF (PRF) is 4.19%, while PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM) has a volatility of 8.92%. This indicates that PRF experiences smaller price fluctuations and is considered to be less risky than MFEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRF | MFEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 8.92% | -4.73% |
Volatility (6M)Calculated over the trailing 6-month period | 8.36% | 14.45% | -6.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.13% | 18.72% | -2.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 16.12% | -0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.69% | 19.22% | -1.53% |