RAFE vs. PRF
RAFE (PIMCO RAFI ESG U.S. ETF) and PRF (Invesco RAFI US 1000 ETF) are both exchange-traded funds - RAFE is a Large Cap Blend Equities fund tracking the RAFI ESG US Index, while PRF is a Large Cap Value Equities fund tracking the RAFI Fundamental Select US 1000 Index. Both are passively managed. Over the past 5 years, RAFE returned 11.34%/yr vs 12.86%/yr for PRF. Their correlation of 0.94 suggests significant overlap in exposure. RAFE charges 0.30%/yr vs 0.34%/yr for PRF.
Performance
RAFE vs. PRF - Performance Comparison
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Returns By Period
In the year-to-date period, RAFE achieves a 13.45% return, which is significantly lower than PRF's 14.83% return.
RAFE
- 1D
- -0.39%
- 1M
- 2.23%
- YTD
- 13.45%
- 6M
- 12.91%
- 1Y
- 29.87%
- 3Y*
- 19.07%
- 5Y*
- 11.34%
- 10Y*
- —
PRF
- 1D
- -0.54%
- 1M
- 0.85%
- YTD
- 14.83%
- 6M
- 14.24%
- 1Y
- 31.19%
- 3Y*
- 20.98%
- 5Y*
- 12.86%
- 10Y*
- 13.99%
RAFE vs. PRF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RAFE PIMCO RAFI ESG U.S. ETF | 13.45% | 17.60% | 13.81% | 18.80% | -13.76% | 30.16% | 5.29% | 0.43% |
PRF Invesco RAFI US 1000 ETF | 14.83% | 18.33% | 16.73% | 15.72% | -7.79% | 31.12% | 7.78% | 0.97% |
Correlation
The correlation between RAFE and PRF is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2019 | 0.94 |
The correlation between RAFE and PRF has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
RAFE vs. PRF — Risk / Return Rank
RAFE
PRF
RAFE vs. PRF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RAFI ESG U.S. ETF (RAFE) and Invesco RAFI US 1000 ETF (PRF). 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 | PRF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.52 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.02 | 4.75 | -0.73 |
| Martin ratioReturn relative to average drawdown | 15.57 | 19.37 | -3.80 |
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Drawdowns
RAFE vs. PRF - Drawdown Comparison
The maximum RAFE drawdown since its inception was -35.74%, smaller than the maximum PRF drawdown of -60.35%. Use the drawdown chart below to compare losses from any high point for RAFE and PRF.
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Drawdown Indicators
| RAFE | PRF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.74% | -60.35% | +24.61% |
Max Drawdown (1Y)Largest decline over 1 year | -7.46% | -6.59% | -0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -16.36% | -15.82% | -0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -24.28% | -19.72% | -4.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.16% | — |
Current DrawdownCurrent decline from peak | -1.25% | -1.39% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -6.17% | -6.91% | +0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 1.61% | +0.31% |
Volatility
RAFE vs. PRF - Volatility Comparison
PIMCO RAFI ESG U.S. ETF (RAFE) and Invesco RAFI US 1000 ETF (PRF) have volatilities of 3.88% and 3.70%, 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 | PRF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 3.70% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 8.71% | 8.24% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.54% | 10.99% | +0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.10% | 15.20% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.40% | 17.65% | +1.75% |
RAFE vs. PRF - Expense Ratio Comparison
RAFE has a 0.30% expense ratio, which is lower than PRF's 0.34% expense ratio.
Dividends
RAFE vs. PRF - Dividend Comparison
RAFE's dividend yield for the trailing twelve months is around 1.50%, more than PRF's 1.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRF Invesco RAFI US 1000 ETF | 1.39% | 1.59% | 1.78% | 1.84% | 2.01% | 1.58% | 1.97% | 1.99% | 2.25% | 1.58% | 2.17% | 2.25% |
RAFE PIMCO RAFI ESG U.S. ETF | 1.50% | 1.67% | 1.79% | 1.81% | 2.22% | 1.42% | 2.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, RAFE and PRF move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
RAFE has higher volatility (3.88%) compared to PRF (3.70%). In terms of maximum drawdown, RAFE dropped -35.74% vs PRF's -60.35%.
On 5-year performance, PRF leads with 12.86% vs 11.34% for RAFE. On fees, RAFE is cheaper at 0.30% per year. On volatility, PRF has been the lower-risk option at 3.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PRF has performed better with a 12.86% return vs 11.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RAFE is cheaper with a 0.30% expense ratio, compared with 0.34% for PRF.
RAFE has the higher dividend yield at 1.50%, compared with 1.39% for PRF.
RAFE is categorized as Large Cap Blend Equities, while PRF is Large Cap Value Equities. RAFE tracks RAFI ESG US Index, while PRF tracks RAFI Fundamental Select US 1000 Index. They also come from different issuers: PIMCO and Invesco. Their fees differ too: 0.30% for RAFE and 0.34% for PRF.
PRF currently has the higher Sharpe Ratio (2.86 vs 2.61), 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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