PRF vs. PFM
Compare and contrast key facts about Invesco FTSE RAFI US 1000 ETF (PRF) and Invesco Dividend Achievers™ ETF (PFM).
PRF and PFM 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 FTSE RAFI US 1000 Index. It was launched on Dec 19, 2005. PFM is a passively managed fund by Invesco that tracks the performance of the NASDAQ US Broad Dividend Achievers Index. It was launched on Sep 15, 2005. Both PRF and PFM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRF or PFM.
Performance
PRF vs. PFM - Performance Comparison
Returns By Period
In the year-to-date period, PRF achieves a 21.29% return, which is significantly higher than PFM's 20.05% return. Over the past 10 years, PRF has outperformed PFM with an annualized return of 10.90%, while PFM has yielded a comparatively lower 10.31% annualized return.
PRF
21.29%
2.81%
12.55%
29.30%
13.67%
10.90%
PFM
20.05%
0.87%
12.64%
25.85%
11.81%
10.31%
Key characteristics
| PRF | PFM | |
|---|---|---|
| Sharpe Ratio | 2.72 | 2.72 |
| Sortino Ratio | 3.76 | 3.78 |
| Omega Ratio | 1.50 | 1.50 |
| Calmar Ratio | 5.08 | 5.38 |
| Martin Ratio | 17.75 | 18.09 |
| Ulcer Index | 1.68% | 1.45% |
| Daily Std Dev | 10.99% | 9.66% |
| Max Drawdown | -60.35% | -53.21% |
| Current Drawdown | -0.35% | -0.59% |
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PRF vs. PFM - Expense Ratio Comparison
PRF has a 0.39% expense ratio, which is lower than PFM's 0.53% expense ratio.
Correlation
The correlation between PRF and PFM is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
PRF vs. PFM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI US 1000 ETF (PRF) and Invesco Dividend Achievers™ ETF (PFM). 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.
Dividends
PRF vs. PFM - Dividend Comparison
PRF's dividend yield for the trailing twelve months is around 1.67%, more than PFM's 1.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRF Invesco FTSE RAFI US 1000 ETF | 1.67% | 1.84% | 2.01% | 1.58% | 1.97% | 1.99% | 2.25% | 1.58% | 2.17% | 2.25% | 1.73% | 1.56% |
PFM Invesco Dividend Achievers™ ETF | 1.59% | 1.86% | 1.95% | 1.69% | 1.92% | 1.94% | 2.27% | 1.70% | 2.56% | 2.36% | 1.93% | 1.87% |
Drawdowns
PRF vs. PFM - Drawdown Comparison
The maximum PRF drawdown since its inception was -60.35%, which is greater than PFM's maximum drawdown of -53.21%. Use the drawdown chart below to compare losses from any high point for PRF and PFM. For additional features, visit the drawdowns tool.
Volatility
PRF vs. PFM - Volatility Comparison
Invesco FTSE RAFI US 1000 ETF (PRF) has a higher volatility of 4.00% compared to Invesco Dividend Achievers™ ETF (PFM) at 3.40%. This indicates that PRF's price experiences larger fluctuations and is considered to be riskier than PFM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.