PRFZ vs. SFLO

Last updated Aug 2, 2026

PRFZ (Invesco FTSE RAFI US 1500 Small-Mid ETF) and SFLO (Victoryshares Small Cap Free Cash Flow ETF) are both Small Cap Blend Equities funds - PRFZ tracks the FTSE RAFI US 1500 Small-Mid Index while SFLO tracks the Victory US Small Cap Free Cash Flow Index. Both are passively managed. Over the past year, PRFZ returned 33.30% vs 44.31% for SFLO. Their correlation of 0.83 means they have usually moved in the same direction. PRFZ charges 0.39%/yr vs 0.49%/yr for SFLO.

Performance

PRFZ vs. SFLO - 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 Victoryshares Small Cap Free Cash Flow ETF (SFLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRFZ achieves a 17.59% return, which is significantly lower than SFLO's 27.87% return.

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%

SFLO

• 1D: 0.33%
• 1M: 6.46%
• 6M: 25.77%
• YTD: 27.87%
• 1Y: 44.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF	$4.67M	$5.60M	$8.64M
SFLO Victoryshares Small Cap Free Cash Flow ETF	$4.38M	$3.53M	$2.43M

PRFZ vs. SFLO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF	17.59%	11.26%	12.68%	2.07%
SFLO Victoryshares Small Cap Free Cash Flow ETF	27.87%	11.88%	6.54%	0.27%

Correlation

The correlation between PRFZ and SFLO is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.71
Correlation (All Time) Calculated using the full available price history since Dec 21, 2023	0.83

The correlation between PRFZ and SFLO shifts across timeframes, from 0.71 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.

PRFZ vs. SFLO - Sectors Allocation Comparison

Sectors	PRFZ	SFLO
Technology	19.5%	32.1%
Healthcare	17.8%	16.3%
Industrials	16.1%	8.3%
Financial Services	13.6%	0.2%
Consumer Cyclical	11.2%	12.6%
Real Estate	6.9%	0.1%
Energy	4.4%	15.4%
Basic Materials	3.2%	0.8%
Consumer Defensive	3.0%	6.1%
Communication Services	2.9%	8.2%
Utilities	1.3%	0.1%

Return for Risk

PRFZ vs. SFLO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PRFZ

PRFZ Risk / Return Rank: 77
PRFZ Sharpe Ratio Rank: 75
PRFZ Sortino Ratio Rank: 77
PRFZ Omega Ratio Rank: 70
PRFZ Calmar Ratio Rank: 81
PRFZ Martin Ratio Rank: 79

SFLO

SFLO Risk / Return Rank: 92
SFLO Sharpe Ratio Rank: 91
SFLO Sortino Ratio Rank: 91
SFLO Omega Ratio Rank: 88
SFLO Calmar Ratio Rank: 95
SFLO Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PRFZ vs. SFLO - 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 Victoryshares Small Cap Free Cash Flow ETF (SFLO). 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	SFLO	Difference
Sharpe ratio: Return per unit of total volatility	1.71	2.30	-0.59
Sortino ratio: Return per unit of downside risk	2.49	3.26	-0.77
Omega ratio: Gain probability vs. loss probability	1.29	1.39	-0.10
Calmar ratio: Return relative to maximum drawdown	2.97	5.22	-2.24
Martin ratio: Return relative to average drawdown	10.08	17.48	-7.40

PRFZ vs. SFLO - Sharpe Ratio Comparison

The current PRFZ Sharpe Ratio is 1.71, which is comparable to the SFLO Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of PRFZ and SFLO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PRFZ vs. SFLO - Drawdown Comparison

The maximum PRFZ drawdown since its inception was -62.41%, which is greater than SFLO's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for PRFZ and SFLO.

Drawdown Indicators

	PRFZ	SFLO	Difference
Max Drawdown Largest peak-to-trough decline	-62.41%	-26.63%	-35.78%
Max Drawdown (1Y) Largest decline over 1 year	-10.38%	-7.80%	-2.58%
Max Drawdown (3Y) Largest decline over 3 years	-26.54%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.58%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.28%	—	—
Current Drawdown Current decline from peak	-3.64%	-1.26%	-2.38%
Average Drawdown Average peak-to-trough decline	-9.36%	-4.15%	-5.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	2.33%	+0.73%

Volatility

PRFZ vs. SFLO - Volatility Comparison

The current volatility for Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) is 3.77%, while Victoryshares Small Cap Free Cash Flow ETF (SFLO) has a volatility of 5.58%. This indicates that PRFZ experiences smaller price fluctuations and is considered to be less risky than SFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRFZ	SFLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.77%	5.58%	-1.81%
Volatility (6M) Calculated over the trailing 6-month period	12.86%	13.04%	-0.18%
Volatility (1Y) Calculated over the trailing 1-year period	18.11%	17.73%	+0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.23%	20.50%	+0.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.38%	20.50%	+1.88%

PRFZ vs. SFLO - Expense Ratio Comparison

PRFZ has a 0.39% expense ratio, which is lower than SFLO's 0.49% expense ratio.

Dividends

PRFZ vs. SFLO - Dividend Comparison

PRFZ's dividend yield for the trailing twelve months is around 0.80%, more than SFLO's 0.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SFLO Victoryshares Small Cap Free Cash Flow ETF	0.72%	1.04%	1.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PRFZ and SFLO in my portfolio?

PRFZ and SFLO have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRFZ or SFLO?

SFLO has higher volatility (5.58%) compared to PRFZ (3.77%). In terms of maximum drawdown, PRFZ dropped -62.41% vs SFLO's -26.63%.

Which ETF is better, PRFZ or SFLO?

On 1-year performance, SFLO leads with 44.31% vs 33.30% for PRFZ. On fees, PRFZ is cheaper at 0.39% per year. On volatility, PRFZ has been the lower-risk option at 3.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PRFZ or SFLO?

Over the 1-year period, SFLO has performed better with a 44.31% return vs 33.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PRFZ or SFLO?

PRFZ is cheaper with a 0.39% expense ratio, compared with 0.49% for SFLO.

Which ETF pays a higher dividend yield, PRFZ or SFLO?

PRFZ has the higher dividend yield at 0.80%, compared with 0.72% for SFLO.

What is the main difference between PRFZ and SFLO?

PRFZ tracks FTSE RAFI US 1500 Small-Mid Index, while SFLO tracks Victory US Small Cap Free Cash Flow Index. They also come from different issuers: Invesco and Victory. Their fees differ too: 0.39% for PRFZ and 0.49% for SFLO.

Which has better risk-adjusted returns?

SFLO currently has the higher Sharpe Ratio (2.30 vs 1.71), 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.