RWK vs. PRFZ
Compare and contrast key facts about Invesco S&P MidCap 400 Revenue ETF (RWK) and Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ).
RWK and PRFZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RWK is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Revenue-Weighted Index. It was launched on Feb 22, 2008. 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. Both RWK and PRFZ 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: RWK or PRFZ.
Performance
RWK vs. PRFZ - Performance Comparison
Returns By Period
In the year-to-date period, RWK achieves a 15.26% return, which is significantly lower than PRFZ's 16.53% return. Over the past 10 years, RWK has outperformed PRFZ with an annualized return of 10.87%, while PRFZ has yielded a comparatively lower 9.50% annualized return.
RWK
15.26%
2.05%
6.54%
27.31%
15.35%
10.87%
PRFZ
16.53%
3.99%
11.22%
32.02%
11.92%
9.50%
Key characteristics
| RWK | PRFZ | |
|---|---|---|
| Sharpe Ratio | 1.56 | 1.53 |
| Sortino Ratio | 2.26 | 2.23 |
| Omega Ratio | 1.28 | 1.27 |
| Calmar Ratio | 3.28 | 2.03 |
| Martin Ratio | 8.73 | 8.83 |
| Ulcer Index | 3.02% | 3.46% |
| Daily Std Dev | 16.88% | 19.90% |
| Max Drawdown | -56.49% | -62.42% |
| Current Drawdown | -2.57% | -3.72% |
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RWK vs. PRFZ - Expense Ratio Comparison
Both RWK and PRFZ have an expense ratio of 0.39%.
Correlation
The correlation between RWK and PRFZ is 0.91, 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.
Risk-Adjusted Performance
RWK vs. PRFZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400 Revenue ETF (RWK) and Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ). 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
RWK vs. PRFZ - Dividend Comparison
RWK's dividend yield for the trailing twelve months is around 1.05%, less than PRFZ's 1.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWK Invesco S&P MidCap 400 Revenue ETF | 1.05% | 1.05% | 1.18% | 0.85% | 0.96% | 1.09% | 1.22% | 0.74% | 1.30% | 0.92% | 1.03% | 1.29% |
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF | 1.14% | 1.42% | 1.33% | 0.93% | 0.91% | 1.29% | 1.37% | 0.97% | 1.31% | 1.39% | 1.14% | 0.93% |
Drawdowns
RWK vs. PRFZ - Drawdown Comparison
The maximum RWK drawdown since its inception was -56.49%, smaller than the maximum PRFZ drawdown of -62.42%. Use the drawdown chart below to compare losses from any high point for RWK and PRFZ. For additional features, visit the drawdowns tool.
Volatility
RWK vs. PRFZ - Volatility Comparison
The current volatility for Invesco S&P MidCap 400 Revenue ETF (RWK) is 5.67%, while Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) has a volatility of 6.85%. This indicates that RWK experiences smaller price fluctuations and is considered to be less risky than PRFZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.