RAFE vs. MFUS
RAFE (PIMCO RAFI ESG U.S. ETF) and MFUS (PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF) are both exchange-traded funds - RAFE is a Large Cap Blend Equities fund tracking the RAFI ESG US Index, while MFUS is a Large Cap Growth Equities fund tracking the RAFI Dynamic Multi-Factor U.S. Index. Both are passively managed. Over the past 5 years, RAFE returned 11.54%/yr vs 12.82%/yr for MFUS. Their correlation of 0.91 means they have usually moved in the same direction. Both charge a 0.30% expense ratio.
Performance
RAFE vs. MFUS - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with RAFE having a 16.68% return and MFUS slightly lower at 16.05%.
RAFE
- 1D
- -0.31%
- 1M
- 1.12%
- 6M
- 14.64%
- YTD
- 16.68%
- 1Y
- 31.75%
- 3Y*
- 18.09%
- 5Y*
- 11.54%
- 10Y*
- —
- ALL TIME*
- 12.67%
MFUS
- 1D
- 0.02%
- 1M
- -0.78%
- 6M
- 11.41%
- YTD
- 16.05%
- 1Y
- 25.38%
- 3Y*
- 19.23%
- 5Y*
- 12.82%
- 10Y*
- —
- ALL TIME*
- 13.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.61M | $1.05M | $936.81K | |
| $564.44K | $467.39K | $607.84K |
RAFE vs. MFUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RAFE PIMCO RAFI ESG U.S. ETF | 16.68% | 17.60% | 13.81% | 18.80% | -13.76% | 30.16% | 5.29% | 0.43% |
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 16.05% | 16.02% | 20.17% | 12.19% | -5.82% | 24.10% | 10.64% | 0.79% |
Correlation
The correlation between RAFE and MFUS is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2019 | 0.91 |
The correlation between RAFE and MFUS has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
RAFE vs. MFUS — Risk / Return Rank
RAFE
MFUS
RAFE vs. MFUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RAFI ESG U.S. ETF (RAFE) and PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS). 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.
| RAFE | MFUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.39 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.09 | 3.86 | +0.23 |
| Martin ratioReturn relative to average drawdown | 16.26 | 14.64 | +1.62 |
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Drawdowns
RAFE vs. MFUS - Drawdown Comparison
The maximum RAFE drawdown since its inception was -35.74%, roughly equal to the maximum MFUS drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for RAFE and MFUS.
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Drawdown Indicators
| RAFE | MFUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.74% | -35.21% | -0.53% |
Max Drawdown (1Y)Largest decline over 1 year | -7.46% | -6.39% | -1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -16.36% | -15.39% | -0.97% |
Max Drawdown (5Y)Largest decline over 5 years | -24.28% | -18.22% | -6.06% |
Current DrawdownCurrent decline from peak | -0.96% | -2.61% | +1.65% |
Average DrawdownAverage peak-to-trough decline | -6.08% | -3.95% | -2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 1.68% | +0.19% |
Volatility
RAFE vs. MFUS - Volatility Comparison
PIMCO RAFI ESG U.S. ETF (RAFE) and PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) have volatilities of 3.01% and 2.93%, 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.
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Volatility by Period
| RAFE | MFUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.01% | 2.93% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 8.70% | 9.11% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.48% | 11.43% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.05% | 15.02% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.27% | 17.28% | +1.99% |
RAFE vs. MFUS - Expense Ratio Comparison
Both RAFE and MFUS have an expense ratio of 0.30%.
Dividends
RAFE vs. MFUS - Dividend Comparison
RAFE's dividend yield for the trailing twelve months is around 1.48%, more than MFUS's 1.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 1.38% | 1.54% | 1.45% | 1.96% | 2.07% | 1.35% | 1.72% | 1.89% | 1.69% | 1.01% |
RAFE PIMCO RAFI ESG U.S. ETF | 1.48% | 1.67% | 1.79% | 1.81% | 2.22% | 1.42% | 2.36% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RAFE and MFUS have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RAFE has higher volatility (3.01%) compared to MFUS (2.93%). In terms of maximum drawdown, RAFE dropped -35.74% vs MFUS's -35.21%.
On 5-year performance, MFUS leads with 12.82% vs 11.54% for RAFE. Both ETFs have the same 0.30% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, MFUS has performed better with a 12.82% return vs 11.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RAFE and MFUS have the same expense ratio: 0.30% per year.
RAFE has the higher dividend yield at 1.48%, compared with 1.38% for MFUS.
RAFE is categorized as Large Cap Blend Equities, while MFUS is Large Cap Growth Equities. RAFE tracks RAFI ESG US Index, while MFUS tracks RAFI Dynamic Multi-Factor U.S. Index.
RAFE currently has the higher Sharpe Ratio (2.67 vs 2.16), 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.
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