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PRF vs. VBR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PRF vs. VBR

Last updated Jun 16, 2026

PRF (Invesco RAFI US 1000 ETF) and VBR (Vanguard Small-Cap Value ETF) are both exchange-traded funds - PRF is a Large Cap Value Equities fund tracking the RAFI Fundamental Select US 1000 Index, while VBR is a Small Cap Value Equities fund tracking the CRSP US Small Cap Value Index. Both are passively managed. Over the past 10 years, PRF returned 13.94%/yr vs 10.95%/yr for VBR. Their correlation of 0.92 suggests significant overlap in exposure. PRF charges 0.34%/yr vs 0.05%/yr for VBR.

Performance

PRF vs. VBR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco RAFI US 1000 ETF (PRF) and Vanguard Small-Cap Value ETF (VBR). 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 VBR's 14.49% return. Over the past 10 years, PRF has outperformed VBR with an annualized return of 13.94%, while VBR has yielded a comparatively lower 10.95% annualized 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%

VBR

1D
-0.09%
1M
6.08%
YTD
14.49%
6M
12.98%
1Y
29.82%
3Y*
16.12%
5Y*
8.62%
10Y*
10.95%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PRF vs. VBR - 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%16.01%
VBR
Vanguard Small-Cap Value ETF		14.49%9.09%12.40%16.00%-9.38%28.08%5.90%22.78%-12.28%11.81%

Correlation

The correlation between PRF and VBR is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.90

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

0.92

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

0.94

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

0.93

Correlation (All Time)
Calculated using the full available price history since Dec 19, 2005

0.92

The correlation between PRF and VBR has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

PRF vs. VBR - Sectors Allocation Comparison

Sectors
PRF
VBR

Technology

23.1%
10.6%

Financial Services

15.4%
17.6%

Healthcare

12.0%
7.9%

Communication Services

9.4%
2.5%

Industrials

8.9%
18.1%

Consumer Cyclical

8.7%
12.4%

Energy

7.9%
5.2%

Consumer Defensive

6.0%
4.0%

Basic Materials

3.3%
6.3%

Utilities

3.0%
4.8%

Real Estate

2.4%
10.1%

Technology

PRF
23.1%
VBR
10.6%

Financial Services

PRF
15.4%
VBR
17.6%

Healthcare

PRF
12.0%
VBR
7.9%

Communication Services

PRF
9.4%
VBR
2.5%

Industrials

PRF
8.9%
VBR
18.1%

Consumer Cyclical

PRF
8.7%
VBR
12.4%

Energy

PRF
7.9%
VBR
5.2%

Consumer Defensive

PRF
6.0%
VBR
4.0%

Basic Materials

PRF
3.3%
VBR
6.3%

Utilities

PRF
3.0%
VBR
4.8%

Real Estate

PRF
2.4%
VBR
10.1%

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

Vanguard Small-Cap Value ETF

Often compared with PRF:
PRF vs. SPYPRF vs. VOOPRF vs. RSPPRF vs. PFMPRF vs. VTVPRF vs. SCHDPRF vs. PXF
Often compared with VBR:
VBR vs. AVUVVBR vs. VBVBR vs. VBKVBR vs. VOOVBR vs. VTIVBR vs. VIOVVBR vs. VSIAX

Return for Risk

PRF vs. VBR — 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
VBR
VBR Risk / Return Rank: 6969
Overall Rank
VBR Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
VBR Sortino Ratio Rank: 7070
Sortino Ratio Rank
VBR Omega Ratio Rank: 6262
Omega Ratio Rank
VBR Calmar Ratio Rank: 7474
Calmar Ratio Rank
VBR Martin Ratio Rank: 7272
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. VBR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco RAFI US 1000 ETF (PRF) and Vanguard Small-Cap Value ETF (VBR). 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.

PRFVBRDifference
Sharpe ratioReturn per unit of total volatility
3.16
1.96

+1.20

Sortino ratioReturn per unit of downside risk
4.34
2.86

+1.48

Omega ratioGain probability vs. loss probability

1.58

1.34

+0.24

Calmar ratioReturn relative to maximum drawdown

5.23

3.38

+1.85

Martin ratioReturn relative to average drawdown

21.40

11.97

+9.43

PRF vs. VBR - Sharpe Ratio Comparison

The current PRF Sharpe Ratio is 3.16, which is higher than the VBR Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of PRF and VBR, 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. VBR - Drawdown Comparison

The maximum PRF drawdown since its inception was -60.35%, roughly equal to the maximum VBR drawdown of -61.98%. Use the drawdown chart below to compare losses from any high point for PRF and VBR.

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Drawdown Indicators

PRFVBRDifference

Max Drawdown

Largest peak-to-trough decline

-60.35%

-61.98%

+1.63%

Max Drawdown (1Y)

Largest decline over 1 year

-6.59%

-8.85%

+2.26%

Max Drawdown (3Y)

Largest decline over 3 years

-15.82%

-24.19%

+8.37%

Max Drawdown (5Y)

Largest decline over 5 years

-19.72%

-24.19%

+4.47%

Max Drawdown (10Y)

Largest decline over 10 years

-38.16%

-45.28%

+7.12%

Current Drawdown

Current decline from peak

0.00%

-0.09%

+0.09%

Average Drawdown

Average peak-to-trough decline

-6.92%

-8.26%

+1.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.61%

2.50%

-0.89%

Volatility

PRF vs. VBR - Volatility Comparison

The current volatility for Invesco RAFI US 1000 ETF (PRF) is 3.64%, while Vanguard Small-Cap Value ETF (VBR) has a volatility of 4.43%. This indicates that PRF experiences smaller price fluctuations and is considered to be less risky than VBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PRFVBRDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.64%

4.43%

-0.79%

Volatility (6M)

Calculated over the trailing 6-month period

8.18%

10.61%

-2.43%

Volatility (1Y)

Calculated over the trailing 1-year period

10.93%

15.31%

-4.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.24%

19.79%

-4.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.69%

21.75%

-4.06%

PRF vs. VBR - Expense Ratio Comparison

PRF has a 0.34% expense ratio, which is higher than VBR's 0.05% expense ratio.

Dividends

PRF vs. VBR - Dividend Comparison

PRF's dividend yield for the trailing twelve months is around 1.36%, less than VBR's 1.72% 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%
VBR
Vanguard Small-Cap Value ETF		1.72%1.95%1.98%2.12%2.03%1.75%1.68%2.06%2.35%1.79%1.77%1.99%

Frequently Asked Questions

With a correlation of 0.90, PRF and VBR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

VBR has higher volatility (4.43%) compared to PRF (3.64%). In terms of maximum drawdown, PRF dropped -60.35% vs VBR's -61.98%.

On 10-year performance, PRF leads with 13.94% vs 10.95% for VBR. On fees, VBR is cheaper at 0.05% 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 10-year period, PRF has performed better with a 13.94% return vs 10.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VBR is cheaper with a 0.05% expense ratio, compared with 0.34% for PRF.

VBR has the higher dividend yield at 1.72%, compared with 1.36% for PRF.

PRF is categorized as Large Cap Value Equities, while VBR is Small Cap Value Equities. PRF tracks RAFI Fundamental Select US 1000 Index, while VBR tracks CRSP US Small Cap Value Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.34% for PRF and 0.05% for VBR.

PRF currently has the higher Sharpe Ratio (3.16 vs 1.96), 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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