PRFZ vs. BSMIX
PRFZ (Invesco FTSE RAFI US 1500 Small-Mid ETF) and BSMIX (iShares Russell Small/Mid-Cap Index Fund) are both Small Cap Blend Equities funds. Over the past 10 years, PRFZ returned 11.68%/yr vs 11.38%/yr for BSMIX. Their 0.97 correlation means they have historically moved very closely together. PRFZ charges 0.39%/yr vs 0.12%/yr for BSMIX.
Performance
PRFZ vs. BSMIX - Performance Comparison
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Returns By Period
In the year-to-date period, PRFZ achieves a 17.59% return, which is significantly lower than BSMIX's 19.88% return. Both investments have delivered pretty close results over the past 10 years, with PRFZ having a 11.68% annualized return and BSMIX not far behind at 11.38%.
PRFZ
- 1D
- -0.23%
- 1M
- -2.45%
- 6M
- 13.03%
- YTD
- 17.59%
- 1Y
- 33.30%
- 3Y*
- 14.83%
- 5Y*
- 9.40%
- 10Y*
- 11.68%
- ALL TIME*
- 10.03%
BSMIX
- 1D
- 1.02%
- 1M
- -1.45%
- 6M
- 14.20%
- YTD
- 19.88%
- 1Y
- 33.27%
- 3Y*
- 15.54%
- 5Y*
- 8.10%
- 10Y*
- 11.38%
- ALL TIME*
- 11.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $4.67M | $5.60M | $8.64M |
PRFZ vs. BSMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF | 17.59% | 11.26% | 12.68% | 20.21% | -16.29% | 28.26% | 11.84% | 21.91% | -11.43% | 13.82% |
BSMIX iShares Russell Small/Mid-Cap Index Fund | 19.88% | 11.92% | 12.04% | 17.15% | -18.39% | 18.00% | 20.28% | 27.62% | -10.22% | 16.75% |
Correlation
The correlation between PRFZ and BSMIX is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.97 |
The correlation between PRFZ and BSMIX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
PRFZ vs. BSMIX — Risk / Return Rank
PRFZ
BSMIX
PRFZ vs. BSMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) and iShares Russell Small/Mid-Cap Index Fund (BSMIX). 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.
| PRFZ | BSMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.29 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | 3.20 | -0.22 |
| Martin ratioReturn relative to average drawdown | 10.08 | 12.07 | -1.98 |
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Drawdowns
PRFZ vs. BSMIX - Drawdown Comparison
The maximum PRFZ drawdown since its inception was -62.41%, which is greater than BSMIX's maximum drawdown of -41.32%. Use the drawdown chart below to compare losses from any high point for PRFZ and BSMIX.
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Drawdown Indicators
| PRFZ | BSMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.41% | -41.32% | -21.09% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -9.39% | -0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -26.54% | -25.49% | -1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -28.33% | +1.75% |
Max Drawdown (10Y)Largest decline over 10 years | -44.28% | -41.32% | -2.96% |
Current DrawdownCurrent decline from peak | -3.64% | -2.24% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -9.36% | -7.32% | -2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 2.49% | +0.57% |
Volatility
PRFZ vs. BSMIX - Volatility Comparison
Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) has a higher volatility of 3.77% compared to iShares Russell Small/Mid-Cap Index Fund (BSMIX) at 3.46%. This indicates that PRFZ's price experiences larger fluctuations and is considered to be riskier than BSMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRFZ | BSMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 3.46% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 12.86% | 13.43% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.11% | 17.74% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.23% | 21.21% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.38% | 21.69% | +0.69% |
PRFZ vs. BSMIX - Expense Ratio Comparison
PRFZ has a 0.39% expense ratio, which is higher than BSMIX's 0.12% expense ratio.
Dividends
PRFZ vs. BSMIX - Dividend Comparison
PRFZ's dividend yield for the trailing twelve months is around 0.80%, less than BSMIX's 2.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSMIX iShares Russell Small/Mid-Cap Index Fund | 2.47% | 2.90% | 2.04% | 1.37% | 4.94% | 4.77% | 4.42% | 2.83% | 4.33% | 2.83% | 1.45% | 0.00% |
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF | 0.80% | 0.82% | 1.45% | 1.42% | 1.33% | 0.93% | 0.91% | 1.29% | 1.37% | 0.97% | 1.31% | 1.39% |
Frequently Asked Questions
With a correlation of 0.95, PRFZ and BSMIX 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.
PRFZ has higher volatility (3.77%) compared to BSMIX (3.46%). In terms of maximum drawdown, PRFZ dropped -62.41% vs BSMIX's -41.32%.
PRFZ currently has the higher Sharpe Ratio (1.71 vs 1.69), 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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