PRFZ vs. VOO
Compare and contrast key facts about Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) and Vanguard S&P 500 ETF (VOO).
PRFZ and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both PRFZ and VOO 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 VOO.
Key characteristics
| PRFZ | VOO | |
|---|---|---|
| YTD Return | 18.20% | 26.94% |
| 1Y Return | 33.15% | 35.06% |
| 3Y Return (Ann) | 4.60% | 10.23% |
| 5Y Return (Ann) | 12.04% | 15.77% |
| 10Y Return (Ann) | 9.67% | 13.41% |
| Sharpe Ratio | 1.95 | 3.08 |
| Sortino Ratio | 2.79 | 4.09 |
| Omega Ratio | 1.34 | 1.58 |
| Calmar Ratio | 2.56 | 4.46 |
| Martin Ratio | 11.72 | 20.36 |
| Ulcer Index | 3.41% | 1.85% |
| Daily Std Dev | 20.53% | 12.23% |
| Max Drawdown | -62.42% | -33.99% |
| Current Drawdown | -2.34% | -0.25% |
Correlation
The correlation between PRFZ and VOO is 0.83, 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. VOO - Performance Comparison
In the year-to-date period, PRFZ achieves a 18.20% return, which is significantly lower than VOO's 26.94% return. Over the past 10 years, PRFZ has underperformed VOO with an annualized return of 9.67%, while VOO has yielded a comparatively higher 13.41% 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. VOO - Expense Ratio Comparison
PRFZ has a 0.39% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
PRFZ vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
PRFZ's dividend yield for the trailing twelve months is around 1.12%, less than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF | 1.12% | 1.42% | 1.33% | 0.93% | 0.91% | 1.29% | 1.37% | 0.97% | 1.31% | 1.39% | 1.14% | 0.93% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
PRFZ vs. VOO - Drawdown Comparison
The maximum PRFZ drawdown since its inception was -62.42%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PRFZ and VOO. For additional features, visit the drawdowns tool.
Volatility
PRFZ vs. VOO - Volatility Comparison
Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) has a higher volatility of 6.96% compared to Vanguard S&P 500 ETF (VOO) at 3.78%. This indicates that PRFZ's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.