PRF vs. TGLS

Last updated Jun 4, 2026

PRF (Invesco RAFI US 1000 ETF) is Large Cap Value Equities fund tracking the RAFI Fundamental Select US 1000 Index, while TGLS (Tecnoglass Inc.) is a stock. Over the past 10 years, PRF returned 13.67%/yr vs 16.78%/yr for TGLS. At a 0.31 correlation, their price movements are largely independent.

Performance

PRF vs. TGLS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco RAFI US 1000 ETF (PRF) and Tecnoglass Inc. (TGLS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRF achieves a 14.79% return, which is significantly higher than TGLS's -15.54% return. Over the past 10 years, PRF has underperformed TGLS with an annualized return of 13.67%, while TGLS has yielded a comparatively higher 16.78% annualized return.

PRF

• 1D: -0.20%
• 1M: 4.19%
• YTD: 14.79%
• 6M: 15.01%
• 1Y: 32.80%
• 3Y*: 21.40%
• 5Y*: 12.43%
• 10Y*: 13.67%

TGLS

• 1D: -3.20%
• 1M: 3.22%
• YTD: -15.54%
• 6M: -16.25%
• 1Y: -49.98%
• 3Y*: 2.20%
• 5Y*: 17.30%
• 10Y*: 16.78%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PRF vs. TGLS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRF Invesco RAFI US 1000 ETF	14.79%	18.33%	16.73%	15.72%	-7.79%	31.12%	7.78%	27.42%	-8.71%	16.01%
TGLS Tecnoglass Inc.	-15.54%	-35.98%	74.88%	49.86%	18.91%	281.83%	-14.53%	10.03%	15.12%	-36.04%

Correlation

The correlation between PRF and TGLS is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since May 11, 2012	0.31

The correlation between PRF and TGLS shifts across timeframes, from 0.31 (all time) to 0.52 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

PRF vs. TGLS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PRF

PRF Risk / Return Rank: 89
PRF Sharpe Ratio Rank: 89
PRF Sortino Ratio Rank: 90
PRF Omega Ratio Rank: 88
PRF Calmar Ratio Rank: 87
PRF Martin Ratio Rank: 89

TGLS

TGLS Risk / Return Rank: 5
TGLS Sharpe Ratio Rank: 1
TGLS Sortino Ratio Rank: 2
TGLS Omega Ratio Rank: 4
TGLS Calmar Ratio Rank: 6
TGLS Martin Ratio Rank: 10

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. TGLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco RAFI US 1000 ETF (PRF) and Tecnoglass Inc. (TGLS). 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	TGLS	Difference
Sharpe ratio: Return per unit of total volatility	3.10	-1.28	+4.38
Sortino ratio: Return per unit of downside risk	4.33	-2.03	+6.36
Omega ratio: Gain probability vs. loss probability	1.57	0.77	+0.79
Calmar ratio: Return relative to maximum drawdown	5.00	-0.89	+5.89
Martin ratio: Return relative to average drawdown	20.67	-1.33	+22.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRF vs. TGLS - Sharpe Ratio Comparison

The current PRF Sharpe Ratio is 3.10, which is higher than the TGLS Sharpe Ratio of -1.28. The chart below compares the historical Sharpe Ratios of PRF and TGLS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PRF	TGLS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.10	-1.28	+4.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	0.32	+0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	0.31	+0.47
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.27	+0.21

Drawdowns

PRF vs. TGLS - Drawdown Comparison

The maximum PRF drawdown since its inception was -60.35%, smaller than the maximum TGLS drawdown of -81.32%. Use the drawdown chart below to compare losses from any high point for PRF and TGLS.

Drawdown Indicators

	PRF	TGLS	Difference
Max Drawdown Largest peak-to-trough decline	-60.35%	-81.32%	+20.97%
Max Drawdown (1Y) Largest decline over 1 year	-6.59%	-56.55%	+49.96%
Max Drawdown (3Y) Largest decline over 3 years	-15.82%	-56.55%	+40.73%
Max Drawdown (5Y) Largest decline over 5 years	-19.72%	-56.55%	+36.83%
Max Drawdown (10Y) Largest decline over 10 years	-38.16%	-77.98%	+39.82%
Current Drawdown Current decline from peak	-0.20%	-51.60%	+51.40%
Average Drawdown Average peak-to-trough decline	-6.93%	-22.90%	+15.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.59%	37.61%	-36.02%

Volatility

PRF vs. TGLS - Volatility Comparison

The current volatility for Invesco RAFI US 1000 ETF (PRF) is 2.64%, while Tecnoglass Inc. (TGLS) has a volatility of 15.69%. This indicates that PRF experiences smaller price fluctuations and is considered to be less risky than TGLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRF	TGLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.64%	15.69%	-13.05%
Volatility (6M) Calculated over the trailing 6-month period	7.74%	29.76%	-22.02%
Volatility (1Y) Calculated over the trailing 1-year period	10.63%	39.23%	-28.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.18%	53.91%	-38.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.67%	54.26%	-36.59%

Dividends

PRF vs. TGLS - Dividend Comparison

PRF's dividend yield for the trailing twelve months is around 1.38%, less than TGLS's 1.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRF Invesco RAFI US 1000 ETF	1.38%	1.59%	1.78%	1.84%	2.01%	1.58%	1.97%	1.99%	2.25%	1.58%	2.17%	2.25%
TGLS Tecnoglass Inc.	1.42%	1.19%	0.61%	0.79%	0.91%	0.56%	1.59%	6.79%	5.20%	7.21%	2.04%	0.00%

Frequently Asked Questions

Can I hold both PRF and TGLS in my portfolio?

PRF and TGLS have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRF or TGLS?

TGLS has higher volatility (15.69%) compared to PRF (2.64%). In terms of maximum drawdown, PRF dropped -60.35% vs TGLS's -81.32%.

Which has better risk-adjusted returns?

PRF currently has the higher Sharpe Ratio (3.10 vs -1.28), 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.