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PRF vs. PXH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PRF vs. PXH

Last updated Jun 14, 2026

PRF (Invesco RAFI US 1000 ETF) and PXH (Invesco FTSE RAFI Emerging Markets ETF) are both exchange-traded funds - PRF is a Large Cap Value Equities fund tracking the RAFI Fundamental Select US 1000 Index, while PXH is a Emerging Markets Equities fund tracking the FTSE RAFI Emerging Markets Index. Both are passively managed. Over the past 10 years, PRF returned 13.91%/yr vs 10.91%/yr for PXH. A 0.70 correlation means they provide meaningful diversification when combined. PRF charges 0.34%/yr vs 0.50%/yr for PXH.

Performance

PRF vs. PXH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco RAFI US 1000 ETF (PRF) and Invesco FTSE RAFI Emerging Markets ETF (PXH). 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 PXH's 12.73% return. Over the past 10 years, PRF has outperformed PXH with an annualized return of 13.91%, while PXH has yielded a comparatively lower 10.91% 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%

PXH

1D
0.66%
1M
1.72%
YTD
12.73%
6M
14.41%
1Y
30.72%
3Y*
20.06%
5Y*
8.70%
10Y*
10.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PRF vs. PXH - 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%
PXH
Invesco FTSE RAFI Emerging Markets ETF		12.73%31.44%12.09%13.93%-15.18%8.31%-1.91%16.77%-8.68%26.60%

Correlation

The correlation between PRF and PXH is 0.63, 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

0.63

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

0.57

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

0.60

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

0.63

Correlation (All Time)
Calculated using the full available price history since Sep 28, 2007

0.70

The correlation between PRF and PXH shifts across timeframes, from 0.57 (3 years) to 0.70 (all time), reflecting how their relationship changes across market environments.

PRF vs. PXH - Sectors Allocation Comparison

Sectors
PRF
PXH

Technology

23.1%
24.5%

Financial Services

15.4%
24.8%

Healthcare

12.0%
0.8%

Communication Services

9.4%
5.9%

Industrials

8.9%
4.4%

Consumer Cyclical

8.7%
9.8%

Energy

7.9%
11.5%

Consumer Defensive

6.0%
2.7%

Basic Materials

3.3%
11.8%

Utilities

3.0%
2.2%

Real Estate

2.4%
1.7%

Technology

PRF
23.1%
PXH
24.5%

Financial Services

PRF
15.4%
PXH
24.8%

Healthcare

PRF
12.0%
PXH
0.8%

Communication Services

PRF
9.4%
PXH
5.9%

Industrials

PRF
8.9%
PXH
4.4%

Consumer Cyclical

PRF
8.7%
PXH
9.8%

Energy

PRF
7.9%
PXH
11.5%

Consumer Defensive

PRF
6.0%
PXH
2.7%

Basic Materials

PRF
3.3%
PXH
11.8%

Utilities

PRF
3.0%
PXH
2.2%

Real Estate

PRF
2.4%
PXH
1.7%

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

Invesco FTSE RAFI Emerging Markets ETF

Often compared with PRF:
PRF vs. SPYPRF vs. VOOPRF vs. RSPPRF vs. PFMPRF vs. VTVPRF vs. SCHDPRF vs. PXF
Often compared with PXH:
PXH vs. FNDEPXH vs. PXFPXH vs. IEMGPXH vs. DEMPXH vs. EEMPXH vs. VOOPXH vs. EEMO

Return for Risk

PRF vs. PXH — 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
PXH
PXH Risk / Return Rank: 6464
Overall Rank
PXH Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
PXH Sortino Ratio Rank: 6161
Sortino Ratio Rank
PXH Omega Ratio Rank: 6565
Omega Ratio Rank
PXH Calmar Ratio Rank: 6565
Calmar Ratio Rank
PXH Martin Ratio Rank: 6464
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. PXH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco RAFI US 1000 ETF (PRF) and Invesco FTSE RAFI Emerging Markets ETF (PXH). 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.

PRFPXHDifference
Sharpe ratioReturn per unit of total volatility
2.95
1.84

+1.12

Sortino ratioReturn per unit of downside risk
4.07
2.49

+1.58

Omega ratioGain probability vs. loss probability

1.54

1.34

+0.20

Calmar ratioReturn relative to maximum drawdown

4.90

2.85

+2.06

Martin ratioReturn relative to average drawdown

20.07

10.21

+9.86

PRF vs. PXH - Sharpe Ratio Comparison

The current PRF Sharpe Ratio is 2.95, which is higher than the PXH Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of PRF and PXH, 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. PXH - Drawdown Comparison

The maximum PRF drawdown since its inception was -60.35%, smaller than the maximum PXH drawdown of -63.63%. Use the drawdown chart below to compare losses from any high point for PRF and PXH.

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Drawdown Indicators

PRFPXHDifference

Max Drawdown

Largest peak-to-trough decline

-60.35%

-63.63%

+3.28%

Max Drawdown (1Y)

Largest decline over 1 year

-6.59%

-10.24%

+3.65%

Max Drawdown (3Y)

Largest decline over 3 years

-15.82%

-17.72%

+1.90%

Max Drawdown (5Y)

Largest decline over 5 years

-19.72%

-29.59%

+9.87%

Max Drawdown (10Y)

Largest decline over 10 years

-38.16%

-40.42%

+2.26%

Current Drawdown

Current decline from peak

-0.00%

-3.27%

+3.27%

Average Drawdown

Average peak-to-trough decline

-6.92%

-16.84%

+9.92%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.61%

2.85%

-1.24%

Volatility

PRF vs. PXH - Volatility Comparison

The current volatility for Invesco RAFI US 1000 ETF (PRF) is 3.60%, while Invesco FTSE RAFI Emerging Markets ETF (PXH) has a volatility of 6.41%. This indicates that PRF experiences smaller price fluctuations and is considered to be less risky than PXH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PRFPXHDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.60%

6.41%

-2.81%

Volatility (6M)

Calculated over the trailing 6-month period

8.17%

13.09%

-4.92%

Volatility (1Y)

Calculated over the trailing 1-year period

10.95%

15.90%

-4.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.23%

17.87%

-2.64%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.68%

20.06%

-2.38%

PRF vs. PXH - Expense Ratio Comparison

PRF has a 0.34% expense ratio, which is lower than PXH's 0.50% expense ratio.

Dividends

PRF vs. PXH - Dividend Comparison

PRF's dividend yield for the trailing twelve months is around 1.37%, less than PXH's 3.49% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
PXH
Invesco FTSE RAFI Emerging Markets ETF		3.49%4.02%4.43%4.84%5.33%4.69%2.79%3.28%3.30%2.74%1.97%3.44%

Frequently Asked Questions

PRF and PXH have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PXH has higher volatility (6.41%) compared to PRF (3.60%). In terms of maximum drawdown, PRF dropped -60.35% vs PXH's -63.63%.

On 10-year performance, PRF leads with 13.91% vs 10.91% for PXH. 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 10.91%. 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 0.50% for PXH.

PXH has the higher dividend yield at 3.49%, compared with 1.37% for PRF.

PRF is categorized as Large Cap Value Equities, while PXH is Emerging Markets Equities. PRF tracks RAFI Fundamental Select US 1000 Index, while PXH tracks FTSE RAFI Emerging Markets Index. Their fees differ too: 0.34% for PRF and 0.50% for PXH.

PRF currently has the higher Sharpe Ratio (2.95 vs 1.84), 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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