PRFZ vs. RWK
Compare and contrast key facts about Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) and Invesco S&P MidCap 400 Revenue ETF (RWK).
PRFZ and RWK 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. RWK is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Revenue-Weighted Index. It was launched on Feb 22, 2008. Both PRFZ and RWK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRFZ or RWK.
Key characteristics
| PRFZ | RWK | |
|---|---|---|
| YTD Return | 5.90% | 10.00% |
| 1Y Return | 28.45% | 34.07% |
| 3Y Return (Ann) | 4.22% | 9.10% |
| 5Y Return (Ann) | 10.81% | 15.89% |
| 10Y Return (Ann) | 9.05% | 11.09% |
| Sharpe Ratio | 1.37 | 1.95 |
| Daily Std Dev | 19.44% | 16.59% |
| Max Drawdown | -62.41% | -56.49% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PRFZ and RWK is 0.91, 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.
Performance
PRFZ vs. RWK - Performance Comparison
In the year-to-date period, PRFZ achieves a 5.90% return, which is significantly lower than RWK's 10.00% return. Over the past 10 years, PRFZ has underperformed RWK with an annualized return of 9.05%, while RWK has yielded a comparatively higher 11.09% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PRFZ vs. RWK - Expense Ratio Comparison
Both PRFZ and RWK have an expense ratio of 0.39%.
Risk-Adjusted Performance
PRFZ vs. RWK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) and Invesco S&P MidCap 400 Revenue ETF (RWK). 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.
Dividends
PRFZ vs. RWK - Dividend Comparison
PRFZ's dividend yield for the trailing twelve months is around 1.26%, more than RWK's 1.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF | 1.26% | 1.42% | 1.33% | 0.93% | 0.91% | 1.29% | 1.37% | 0.97% | 1.31% | 1.39% | 1.14% | 0.93% |
RWK Invesco S&P MidCap 400 Revenue ETF | 1.01% | 1.05% | 1.18% | 0.85% | 0.96% | 1.09% | 1.22% | 0.74% | 1.30% | 0.92% | 1.04% | 1.29% |
Drawdowns
PRFZ vs. RWK - Drawdown Comparison
The maximum PRFZ drawdown since its inception was -62.41%, which is greater than RWK's maximum drawdown of -56.49%. Use the drawdown chart below to compare losses from any high point for PRFZ and RWK. For additional features, visit the drawdowns tool.
Volatility
PRFZ vs. RWK - Volatility Comparison
Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) and Invesco S&P MidCap 400 Revenue ETF (RWK) have volatilities of 4.19% and 4.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.