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PRF vs. USMF
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PRF vs. USMF

Last updated Jun 16, 2026

PRF (Invesco RAFI US 1000 ETF) and USMF (WisdomTree US Multifactor Fund) are both exchange-traded funds - PRF is a Large Cap Value Equities fund tracking the RAFI Fundamental Select US 1000 Index, while USMF is a Mid Cap Blend Equities fund tracking the WisdomTree US Multifactor Index. Both are passively managed. Over the past 5 years, PRF returned 13.06%/yr vs 8.31%/yr for USMF. Their correlation of 0.88 suggests significant overlap in exposure. PRF charges 0.34%/yr vs 0.28%/yr for USMF.

Performance

PRF vs. USMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco RAFI US 1000 ETF (PRF) and WisdomTree US Multifactor Fund (USMF). 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 16.44% return, which is significantly higher than USMF's 6.65% return.

PRF

1D
0.68%
1M
4.19%
YTD
16.44%
6M
16.00%
1Y
34.32%
3Y*
20.74%
5Y*
13.06%
10Y*
13.94%

USMF

1D
1.25%
1M
5.30%
YTD
6.65%
6M
6.40%
1Y
9.68%
3Y*
13.99%
5Y*
8.31%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PRF vs. USMF - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PRF
Invesco RAFI US 1000 ETF		16.44%18.33%16.73%15.72%-7.79%31.12%7.78%27.42%-8.71%11.02%
USMF
WisdomTree US Multifactor Fund		6.65%4.60%19.65%13.47%-8.82%21.26%12.01%24.06%-4.72%11.27%

Correlation

The correlation between PRF and USMF is 0.79, 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

0.79

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

0.87

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

0.92

Correlation (All Time)
Calculated using the full available price history since Aug 24, 2017

0.88

The correlation between PRF and USMF shifts across timeframes, from 0.79 (1 year) to 0.92 (5 years), reflecting how their relationship changes across market environments.

PRF vs. USMF - Sectors Allocation Comparison

Sectors
PRF
USMF

Technology

23.1%
33.2%

Financial Services

15.4%
10.7%

Healthcare

12.0%
9.0%

Communication Services

9.4%
9.8%

Industrials

8.9%
8.2%

Consumer Cyclical

8.7%
10.5%

Energy

7.9%
4.8%

Consumer Defensive

6.0%
4.3%

Basic Materials

3.3%
0.9%

Utilities

3.0%
1.9%

Real Estate

2.4%
2.0%

Technology

PRF
23.1%
USMF
33.2%

Financial Services

PRF
15.4%
USMF
10.7%

Healthcare

PRF
12.0%
USMF
9.0%

Communication Services

PRF
9.4%
USMF
9.8%

Industrials

PRF
8.9%
USMF
8.2%

Consumer Cyclical

PRF
8.7%
USMF
10.5%

Energy

PRF
7.9%
USMF
4.8%

Consumer Defensive

PRF
6.0%
USMF
4.3%

Basic Materials

PRF
3.3%
USMF
0.9%

Utilities

PRF
3.0%
USMF
1.9%

Real Estate

PRF
2.4%
USMF
2.0%

Compare stocks, funds, or ETFs

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Invesco RAFI US 1000 ETF

WisdomTree US Multifactor Fund

Often compared with PRF:
PRF vs. SPYPRF vs. VOOPRF vs. RSPPRF vs. PFMPRF vs. VTVPRF vs. SCHDPRF vs. PXF
Often compared with USMF:
USMF vs. DYNFUSMF vs. VFMFUSMF vs. SCHMUSMF vs. SFLRUSMF vs. SPMOUSMF vs. SPYUSMF vs. VO

Return for Risk

PRF vs. USMF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PRF
PRF Risk / Return Rank: 9393
Overall Rank
PRF Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
PRF Sortino Ratio Rank: 9494
Sortino Ratio Rank
PRF Omega Ratio Rank: 9393
Omega Ratio Rank
PRF Calmar Ratio Rank: 9191
Calmar Ratio Rank
PRF Martin Ratio Rank: 9393
Martin Ratio Rank
USMF
USMF Risk / Return Rank: 2828
Overall Rank
USMF Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
USMF Sortino Ratio Rank: 2525
Sortino Ratio Rank
USMF Omega Ratio Rank: 2424
Omega Ratio Rank
USMF Calmar Ratio Rank: 3232
Calmar Ratio Rank
USMF Martin Ratio Rank: 3232
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. USMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco RAFI US 1000 ETF (PRF) and WisdomTree US Multifactor Fund (USMF). 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.

PRFUSMFDifference
Sharpe ratioReturn per unit of total volatility
3.16
0.86

+2.30

Sortino ratioReturn per unit of downside risk
4.34
1.29

+3.05

Omega ratioGain probability vs. loss probability

1.58

1.15

+0.42

Calmar ratioReturn relative to maximum drawdown

5.23

1.50

+3.73

Martin ratioReturn relative to average drawdown

21.40

4.47

+16.93

PRF vs. USMF - Sharpe Ratio Comparison

The current PRF Sharpe Ratio is 3.16, which is higher than the USMF Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of PRF and USMF, 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. USMF - Drawdown Comparison

The maximum PRF drawdown since its inception was -60.35%, which is greater than USMF's maximum drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for PRF and USMF.

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Drawdown Indicators

PRFUSMFDifference

Max Drawdown

Largest peak-to-trough decline

-60.35%

-36.24%

-24.11%

Max Drawdown (1Y)

Largest decline over 1 year

-6.59%

-6.47%

-0.12%

Max Drawdown (3Y)

Largest decline over 3 years

-15.82%

-15.39%

-0.43%

Max Drawdown (5Y)

Largest decline over 5 years

-19.72%

-18.10%

-1.62%

Max Drawdown (10Y)

Largest decline over 10 years

-38.16%

—

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-6.92%

-4.15%

-2.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.61%

2.17%

-0.56%

Volatility

PRF vs. USMF - Volatility Comparison

The current volatility for Invesco RAFI US 1000 ETF (PRF) is 3.64%, while WisdomTree US Multifactor Fund (USMF) has a volatility of 4.10%. This indicates that PRF experiences smaller price fluctuations and is considered to be less risky than USMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PRFUSMFDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.64%

4.10%

-0.46%

Volatility (6M)

Calculated over the trailing 6-month period

8.18%

8.13%

+0.05%

Volatility (1Y)

Calculated over the trailing 1-year period

10.93%

11.31%

-0.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.24%

14.34%

+0.90%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.69%

16.97%

+0.72%

PRF vs. USMF - Expense Ratio Comparison

PRF has a 0.34% expense ratio, which is higher than USMF's 0.28% expense ratio.

Dividends

PRF vs. USMF - Dividend Comparison

PRF's dividend yield for the trailing twelve months is around 1.36%, more than USMF's 1.29% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
USMF
WisdomTree US Multifactor Fund		1.29%1.37%1.22%1.33%1.74%1.42%1.34%1.38%1.45%0.67%0.00%0.00%

Frequently Asked Questions

PRF and USMF have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

USMF has higher volatility (4.10%) compared to PRF (3.64%). In terms of maximum drawdown, PRF dropped -60.35% vs USMF's -36.24%.

On 5-year performance, PRF leads with 13.06% vs 8.31% for USMF. On fees, USMF is cheaper at 0.28% per year. On volatility, PRF has been the lower-risk option at 3.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, PRF has performed better with a 13.06% return vs 8.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

USMF is cheaper with a 0.28% expense ratio, compared with 0.34% for PRF.

PRF has the higher dividend yield at 1.36%, compared with 1.29% for USMF.

PRF is categorized as Large Cap Value Equities, while USMF is Mid Cap Blend Equities. PRF tracks RAFI Fundamental Select US 1000 Index, while USMF tracks WisdomTree US Multifactor Index. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.34% for PRF and 0.28% for USMF.

PRF currently has the higher Sharpe Ratio (3.16 vs 0.86), 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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