PRN vs. TRFK

Last updated Jun 23, 2026

PRN (Invesco DWA Industrials Momentum ETF) and TRFK (Pacer Data and Digital Revolution ETF) are both exchange-traded funds - PRN is a Momentum fund tracking the DWA Industrials Technical Leaders Index, while TRFK is a Technology Equities fund tracking the Pacer Data Transmission and Communication Revolution Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, PRN returned 37.93%/yr vs 50.88%/yr for TRFK. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.60% expense ratio.

Performance

PRN vs. TRFK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Industrials Momentum ETF (PRN) and Pacer Data and Digital Revolution ETF (TRFK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRN achieves a 50.44% return, which is significantly lower than TRFK's 61.41% return.

PRN

• 1D: 2.86%
• 1M: 10.92%
• YTD: 50.44%
• 6M: 44.68%
• 1Y: 74.79%
• 3Y*: 37.93%
• 5Y*: 21.85%
• 10Y*: 19.46%

TRFK

• 1D: -6.99%
• 1M: 9.38%
• YTD: 61.41%
• 6M: 59.46%
• 1Y: 85.46%
• 3Y*: 50.88%
• 5Y*: —
• 10Y*: —

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

PRN vs. TRFK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PRN Invesco DWA Industrials Momentum ETF	50.44%	13.74%	30.35%	37.96%	-5.31%
TRFK Pacer Data and Digital Revolution ETF	61.41%	26.81%	38.30%	66.63%	-10.61%

Correlation

The correlation between PRN and TRFK is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jun 9, 2022	0.71

The correlation between PRN and TRFK has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.

PRN vs. TRFK - Sectors Allocation Comparison

Sectors	PRN	TRFK
Industrials	78.2%	12.0%
Technology	20.4%	87.5%
Basic Materials	1.8%	-
Energy	1.6%	-
Consumer Cyclical	1.2%	-
Financial Services	0.1%	-
Communication Services	-	0.6%
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	0.0%
Utilities	-	-

Return for Risk

PRN vs. TRFK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PRN

PRN Risk / Return Rank: 79
PRN Sharpe Ratio Rank: 81
PRN Sortino Ratio Rank: 69
PRN Omega Ratio Rank: 69
PRN Calmar Ratio Rank: 90
PRN Martin Ratio Rank: 86

TRFK

TRFK Risk / Return Rank: 76
TRFK Sharpe Ratio Rank: 87
TRFK Sortino Ratio Rank: 75
TRFK Omega Ratio Rank: 75
TRFK Calmar Ratio Rank: 85
TRFK Martin Ratio Rank: 60

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.

PRN vs. TRFK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Industrials Momentum ETF (PRN) and Pacer Data and Digital Revolution ETF (TRFK). 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.

	PRN	TRFK	Difference
Sharpe ratio: Return per unit of total volatility	2.49	2.69	-0.20
Sortino ratio: Return per unit of downside risk	3.03	3.14	-0.11
Omega ratio: Gain probability vs. loss probability	1.39	1.42	-0.02
Calmar ratio: Return relative to maximum drawdown	5.31	4.39	+0.92
Martin ratio: Return relative to average drawdown	17.44	10.31	+7.13

PRN vs. TRFK - Sharpe Ratio Comparison

The current PRN Sharpe Ratio is 2.49, which is comparable to the TRFK Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of PRN and TRFK, 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

PRN vs. TRFK - Drawdown Comparison

The maximum PRN drawdown since its inception was -59.88%, which is greater than TRFK's maximum drawdown of -29.06%. Use the drawdown chart below to compare losses from any high point for PRN and TRFK.

Drawdown Indicators

	PRN	TRFK	Difference
Max Drawdown Largest peak-to-trough decline	-59.88%	-29.06%	-30.82%
Max Drawdown (1Y) Largest decline over 1 year	-14.15%	-19.56%	+5.41%
Max Drawdown (3Y) Largest decline over 3 years	-30.78%	-29.06%	-1.72%
Max Drawdown (5Y) Largest decline over 5 years	-34.84%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.27%	—	—
Current Drawdown Current decline from peak	0.00%	-6.99%	+6.99%
Average Drawdown Average peak-to-trough decline	-10.82%	-6.04%	-4.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.30%	8.32%	-4.02%

Volatility

PRN vs. TRFK - Volatility Comparison

The current volatility for Invesco DWA Industrials Momentum ETF (PRN) is 11.27%, while Pacer Data and Digital Revolution ETF (TRFK) has a volatility of 18.36%. This indicates that PRN experiences smaller price fluctuations and is considered to be less risky than TRFK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRN	TRFK	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.27%	18.36%	-7.09%
Volatility (6M) Calculated over the trailing 6-month period	24.13%	26.50%	-2.37%
Volatility (1Y) Calculated over the trailing 1-year period	30.29%	32.01%	-1.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.36%	29.84%	-4.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.37%	29.84%	-5.47%

PRN vs. TRFK - Expense Ratio Comparison

Both PRN and TRFK have an expense ratio of 0.60%.

Dividends

PRN vs. TRFK - Dividend Comparison

PRN's dividend yield for the trailing twelve months is around 0.11%, more than TRFK's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRN Invesco DWA Industrials Momentum ETF	0.08%	0.17%	0.39%	0.52%	0.82%	0.11%	0.10%	0.42%	0.29%	0.60%	0.57%	0.44%
TRFK Pacer Data and Digital Revolution ETF	0.01%	0.01%	0.40%	0.20%	0.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PRN and TRFK in my portfolio?

PRN and TRFK have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRN or TRFK?

TRFK has higher volatility (18.36%) compared to PRN (11.27%). In terms of maximum drawdown, PRN dropped -59.88% vs TRFK's -29.06%.

Which ETF is better, PRN or TRFK?

On 3-year performance, TRFK leads with 50.88% vs 37.93% for PRN. Both ETFs have the same 0.60% expense ratio. On volatility, PRN has been the lower-risk option at 11.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PRN or TRFK?

Over the 3-year period, TRFK has performed better with a 50.88% return vs 37.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PRN or TRFK?

PRN and TRFK have the same expense ratio: 0.60% per year.

Which ETF pays a higher dividend yield, PRN or TRFK?

PRN has the higher dividend yield at 0.11%, compared with 0.01% for TRFK.

What is the main difference between PRN and TRFK?

PRN is categorized as Momentum, while TRFK is Technology Equities. PRN tracks DWA Industrials Technical Leaders Index, while TRFK tracks Pacer Data Transmission and Communication Revolution Index - Benchmark TR Net. They also come from different issuers: Invesco and Pacer.

Which has better risk-adjusted returns?

TRFK currently has the higher Sharpe Ratio (2.69 vs 2.49), 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.