PRFZ vs. MGMT
Compare and contrast key facts about Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) and Ballast Small/Mid Cap ETF (MGMT).
PRFZ and MGMT 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. MGMT is an actively managed fund by Inverdale Capital Management LLC. It was launched on Dec 2, 2020.
Performance
PRFZ vs. MGMT - Performance Comparison
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PRFZ vs. MGMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF | 0.18% | 11.26% | 12.68% | 20.21% | -16.29% | 28.26% | 5.59% |
MGMT Ballast Small/Mid Cap ETF | 1.78% | 6.96% | 12.95% | 17.87% | -14.54% | 40.77% | 5.36% |
Returns By Period
In the year-to-date period, PRFZ achieves a 0.18% return, which is significantly lower than MGMT's 1.78% 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%
MGMT
- 1D
- 1.69%
- 1M
- -6.24%
- YTD
- 1.78%
- 6M
- 2.77%
- 1Y
- 17.28%
- 3Y*
- 11.33%
- 5Y*
- 6.53%
- 10Y*
- —
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PRFZ vs. MGMT - Expense Ratio Comparison
PRFZ has a 0.39% expense ratio, which is lower than MGMT's 1.10% expense ratio.
Return for Risk
PRFZ vs. MGMT — Risk / Return Rank
PRFZ
MGMT
PRFZ vs. MGMT - 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 Ballast Small/Mid Cap ETF (MGMT). 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.
| PRFZ | MGMT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.79 | +0.21 |
Sortino ratioReturn per unit of downside risk | 1.53 | 1.26 | +0.27 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.16 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.34 | +0.25 |
Martin ratioReturn relative to average drawdown | 6.02 | 4.37 | +1.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PRFZ | MGMT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.79 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.34 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.62 | -0.23 |
Correlation
The correlation between PRFZ and MGMT is 0.92, 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. MGMT - Dividend Comparison
PRFZ's dividend yield for the trailing twelve months is around 0.95%, more than MGMT's 0.33% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MGMT Ballast Small/Mid Cap ETF | 0.33% | 0.34% | 0.51% | 1.16% | 0.90% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PRFZ vs. MGMT - Drawdown Comparison
The maximum PRFZ drawdown since its inception was -62.41%, which is greater than MGMT's maximum drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for PRFZ and MGMT.
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Drawdown Indicators
| PRFZ | MGMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.41% | -24.95% | -37.46% |
Max Drawdown (1Y)Largest decline over 1 year | -13.87% | -13.60% | -0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -24.95% | -1.63% |
Max Drawdown (10Y)Largest decline over 10 years | -44.28% | — | — |
Current DrawdownCurrent decline from peak | -7.55% | -9.82% | +2.27% |
Average DrawdownAverage peak-to-trough decline | -9.49% | -6.81% | -2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 4.16% | -0.49% |
Volatility
PRFZ vs. MGMT - Volatility Comparison
Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) has a higher volatility of 6.88% compared to Ballast Small/Mid Cap ETF (MGMT) at 5.69%. This indicates that PRFZ's price experiences larger fluctuations and is considered to be riskier than MGMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRFZ | MGMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.88% | 5.69% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 13.55% | 13.35% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.39% | 21.89% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.38% | 19.55% | +1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.44% | 19.74% | +2.70% |