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PRFZ vs. DES
Performance
Return for Risk
Dividends
Drawdowns
Volatility

PRFZ vs. DES

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) and WisdomTree U.S. SmallCap Dividend Fund (DES).

PRFZ and DES are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PRFZ is a passively managed fund by Invesco that tracks the performance of the FTSE RAFI US 1500 Small-Mid Index. It was launched on Sep 20, 2006. DES is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree SmallCap Dividend (TR). It was launched on Jun 16, 2006. Both PRFZ and DES are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

PRFZ vs. DES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) and WisdomTree U.S. SmallCap Dividend Fund (DES). The values are adjusted to include any dividend payments, if applicable.

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PRFZ vs. DES - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PRFZ
Invesco FTSE RAFI US 1500 Small-Mid ETF		0.18%11.26%12.68%20.21%-16.29%28.26%11.84%21.91%-11.43%13.82%
DES
WisdomTree U.S. SmallCap Dividend Fund		7.74%0.25%9.93%16.50%-10.96%26.51%-4.26%20.26%-12.85%8.64%

Returns By Period

In the year-to-date period, PRFZ achieves a 0.18% return, which is significantly lower than DES's 7.74% return. Over the past 10 years, PRFZ has outperformed DES with an annualized return of 10.68%, while DES has yielded a comparatively lower 7.69% annualized return.

PRFZ

1D
3.16%
1M
-5.16%
YTD
0.18%
6M
1.47%
1Y
22.36%
3Y*
13.14%
5Y*
6.39%
10Y*
10.68%

DES

1D
1.53%
1M
-2.75%
YTD
7.74%
6M
7.99%
1Y
15.59%
3Y*
11.06%
5Y*
5.64%
10Y*
7.69%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco FTSE RAFI US 1500 Small-Mid ETF

WisdomTree U.S. SmallCap Dividend Fund

Often compared with PRFZ:
PRFZ vs. BSMIXPRFZ vs. FVPRFZ vs. PWBPRFZ vs. RWKPRFZ vs. FNDAPRFZ vs. VOOPRFZ vs. SCHA
Often compared with DES:
DES vs. AVUVDES vs. EESDES vs. IWNDES vs. SCHDDES vs. VBRDES vs. VXUSDES vs. FDVV

PRFZ vs. DES - Expense Ratio Comparison

PRFZ has a 0.39% expense ratio, which is higher than DES's 0.38% expense ratio.

PRFZ
Invesco FTSE RAFI US 1500 Small-Mid ETF
DES
WisdomTree U.S. SmallCap Dividend Fund

Return for Risk

PRFZ vs. DES — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PRFZ
PRFZ Risk / Return Rank: 6060
Overall Rank
PRFZ Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
PRFZ Sortino Ratio Rank: 6262
Sortino Ratio Rank
PRFZ Omega Ratio Rank: 5454
Omega Ratio Rank
PRFZ Calmar Ratio Rank: 6464
Calmar Ratio Rank
PRFZ Martin Ratio Rank: 6262
Martin Ratio Rank
DES
DES Risk / Return Rank: 4545
Overall Rank
DES Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
DES Sortino Ratio Rank: 4646
Sortino Ratio Rank
DES Omega Ratio Rank: 4242
Omega Ratio Rank
DES Calmar Ratio Rank: 4949
Calmar Ratio Rank
DES Martin Ratio Rank: 4646
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.

PRFZ vs. DES - 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 WisdomTree U.S. SmallCap Dividend Fund (DES). 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.

PRFZDESDifference

Sharpe ratio

Return per unit of total volatility

1.00

0.76

+0.24

Sortino ratio

Return per unit of downside risk

1.53

1.21

+0.32

Omega ratio

Gain probability vs. loss probability

1.20

1.16

+0.04

Calmar ratio

Return relative to maximum drawdown

1.59

1.17

+0.42

Martin ratio

Return relative to average drawdown

6.02

4.15

+1.87

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRFZ vs. DES - Sharpe Ratio Comparison

The current PRFZ Sharpe Ratio is 1.00, which is higher than the DES Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of PRFZ and DES, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

PRFZDESDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.00

0.76

+0.24

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.30

0.29

+0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.48

0.35

+0.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.38

0.30

+0.08

Correlation

The correlation between PRFZ and DES is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

PRFZ vs. DES - Dividend Comparison

PRFZ's dividend yield for the trailing twelve months is around 0.95%, less than DES's 2.54% yield.

TTM20252024202320222021202020192018201720162015
PRFZ
Invesco FTSE RAFI US 1500 Small-Mid ETF		0.95%0.82%1.45%1.42%1.33%0.93%0.91%1.29%1.37%0.97%1.31%1.39%
DES
WisdomTree U.S. SmallCap Dividend Fund		2.54%2.85%2.81%2.65%2.89%2.31%2.75%2.68%3.65%2.89%2.70%3.09%

Drawdowns

PRFZ vs. DES - Drawdown Comparison

The maximum PRFZ drawdown since its inception was -62.41%, roughly equal to the maximum DES drawdown of -65.48%. Use the drawdown chart below to compare losses from any high point for PRFZ and DES.

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Drawdown Indicators

PRFZDESDifference

Max Drawdown

Largest peak-to-trough decline

-62.41%

-65.48%

+3.07%

Max Drawdown (1Y)

Largest decline over 1 year

-13.87%

-13.44%

-0.43%

Max Drawdown (5Y)

Largest decline over 5 years

-26.58%

-25.16%

-1.42%

Max Drawdown (10Y)

Largest decline over 10 years

-44.28%

-45.65%

+1.37%

Current Drawdown

Current decline from peak

-7.55%

-4.41%

-3.14%

Average Drawdown

Average peak-to-trough decline

-9.49%

-9.76%

+0.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.67%

3.79%

-0.12%

Volatility

PRFZ vs. DES - Volatility Comparison

Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) has a higher volatility of 6.88% compared to WisdomTree U.S. SmallCap Dividend Fund (DES) at 4.88%. This indicates that PRFZ's price experiences larger fluctuations and is considered to be riskier than DES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PRFZDESDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.88%

4.88%

+2.00%

Volatility (6M)

Calculated over the trailing 6-month period

13.55%

11.87%

+1.68%

Volatility (1Y)

Calculated over the trailing 1-year period

22.39%

20.50%

+1.89%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.38%

19.66%

+1.72%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.44%

21.98%

+0.46%