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USMF vs. PRF
Performance
Return for Risk
Drawdowns
Volatility
Dividends

USMF vs. PRF

Last updated Jun 16, 2026

USMF (WisdomTree US Multifactor Fund) and PRF (Invesco RAFI US 1000 ETF) are both exchange-traded funds - USMF is a Mid Cap Blend Equities fund tracking the WisdomTree US Multifactor 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, USMF returned 8.31%/yr vs 13.06%/yr for PRF. Their correlation of 0.88 suggests significant overlap in exposure. USMF charges 0.28%/yr vs 0.34%/yr for PRF.

Performance

USMF vs. PRF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree US Multifactor Fund (USMF) and Invesco RAFI US 1000 ETF (PRF). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, USMF achieves a 6.65% return, which is significantly lower than PRF's 16.44% return.

USMF

1D
1.25%
1M
5.30%
YTD
6.65%
6M
6.40%
1Y
9.68%
3Y*
13.99%
5Y*
8.31%
10Y*
—

PRF

1D
0.68%
1M
4.19%
YTD
16.44%
6M
16.00%
1Y
34.32%
3Y*
20.74%
5Y*
13.06%
10Y*
13.94%
*Multi-year figures are annualized to reflect compound growth (CAGR)

USMF vs. PRF - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
USMF
WisdomTree US Multifactor Fund		6.65%4.60%19.65%13.47%-8.82%21.26%12.01%24.06%-4.72%11.27%
PRF
Invesco RAFI US 1000 ETF		16.44%18.33%16.73%15.72%-7.79%31.12%7.78%27.42%-8.71%11.02%

Correlation

The correlation between USMF and PRF is 0.79, 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

0.79

Correlation (3Y)
Calculated over the trailing 3-year period

0.87

Correlation (5Y)
Calculated over the trailing 5-year period

0.92

Correlation (All Time)
Calculated using the full available price history since Aug 24, 2017

0.88

The correlation between USMF and PRF shifts across timeframes, from 0.79 (1 year) to 0.92 (5 years), reflecting how their relationship changes across market environments.

USMF vs. PRF - Sectors Allocation Comparison

Sectors
USMF
PRF

Technology

33.2%
23.1%

Financial Services

10.7%
15.4%

Consumer Cyclical

10.5%
8.7%

Communication Services

9.8%
9.4%

Healthcare

9.0%
12.0%

Industrials

8.2%
8.9%

Energy

4.8%
7.9%

Consumer Defensive

4.3%
6.0%

Real Estate

2.0%
2.4%

Utilities

1.9%
3.0%

Basic Materials

0.9%
3.3%

Technology

USMF
33.2%
PRF
23.1%

Financial Services

USMF
10.7%
PRF
15.4%

Consumer Cyclical

USMF
10.5%
PRF
8.7%

Communication Services

USMF
9.8%
PRF
9.4%

Healthcare

USMF
9.0%
PRF
12.0%

Industrials

USMF
8.2%
PRF
8.9%

Energy

USMF
4.8%
PRF
7.9%

Consumer Defensive

USMF
4.3%
PRF
6.0%

Real Estate

USMF
2.0%
PRF
2.4%

Utilities

USMF
1.9%
PRF
3.0%

Basic Materials

USMF
0.9%
PRF
3.3%

Compare stocks, funds, or ETFs

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WisdomTree US Multifactor Fund

Invesco RAFI US 1000 ETF

Often compared with USMF:
USMF vs. DYNFUSMF vs. VFMFUSMF vs. SCHMUSMF vs. SFLRUSMF vs. SPMOUSMF vs. SPYUSMF vs. VO
Often compared with PRF:
PRF vs. SPYPRF vs. VOOPRF vs. RSPPRF vs. PFMPRF vs. VTVPRF vs. SCHDPRF vs. PXF

Return for Risk

USMF vs. PRF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
USMF
USMF Risk / Return Rank: 2828
Overall Rank
USMF Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
USMF Sortino Ratio Rank: 2525
Sortino Ratio Rank
USMF Omega Ratio Rank: 2424
Omega Ratio Rank
USMF Calmar Ratio Rank: 3232
Calmar Ratio Rank
USMF Martin Ratio Rank: 3232
Martin Ratio Rank
PRF
PRF Risk / Return Rank: 9393
Overall Rank
PRF Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
PRF Sortino Ratio Rank: 9494
Sortino Ratio Rank
PRF Omega Ratio Rank: 9393
Omega Ratio Rank
PRF Calmar Ratio Rank: 9191
Calmar Ratio Rank
PRF Martin Ratio Rank: 9393
Martin Ratio Rank
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.

USMF vs. PRF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree US Multifactor Fund (USMF) 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.

USMFPRFDifference
Sharpe ratioReturn per unit of total volatility
0.86
3.16

-2.30

Sortino ratioReturn per unit of downside risk
1.29
4.34

-3.05

Omega ratioGain probability vs. loss probability

1.15

1.58

-0.42

Calmar ratioReturn relative to maximum drawdown

1.50

5.23

-3.73

Martin ratioReturn relative to average drawdown

4.47

21.40

-16.93

USMF vs. PRF - Sharpe Ratio Comparison

The current USMF Sharpe Ratio is 0.86, which is lower than the PRF Sharpe Ratio of 3.16. The chart below compares the historical Sharpe Ratios of USMF and PRF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

USMF vs. PRF - Drawdown Comparison

The maximum USMF drawdown since its inception was -36.24%, smaller than the maximum PRF drawdown of -60.35%. Use the drawdown chart below to compare losses from any high point for USMF and PRF.

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Drawdown Indicators

USMFPRFDifference

Max Drawdown

Largest peak-to-trough decline

-36.24%

-60.35%

+24.11%

Max Drawdown (1Y)

Largest decline over 1 year

-6.47%

-6.59%

+0.12%

Max Drawdown (3Y)

Largest decline over 3 years

-15.39%

-15.82%

+0.43%

Max Drawdown (5Y)

Largest decline over 5 years

-18.10%

-19.72%

+1.62%

Max Drawdown (10Y)

Largest decline over 10 years

—

-38.16%

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-4.15%

-6.92%

+2.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.17%

1.61%

+0.56%

Volatility

USMF vs. PRF - Volatility Comparison

WisdomTree US Multifactor Fund (USMF) has a higher volatility of 4.10% compared to Invesco RAFI US 1000 ETF (PRF) at 3.64%. This indicates that USMF's price experiences larger fluctuations and is considered to be riskier than PRF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

USMFPRFDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.10%

3.64%

+0.46%

Volatility (6M)

Calculated over the trailing 6-month period

8.13%

8.18%

-0.05%

Volatility (1Y)

Calculated over the trailing 1-year period

11.31%

10.93%

+0.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.34%

15.24%

-0.90%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.97%

17.69%

-0.72%

USMF vs. PRF - Expense Ratio Comparison

USMF has a 0.28% expense ratio, which is lower than PRF's 0.34% expense ratio.

Dividends

USMF vs. PRF - Dividend Comparison

USMF's dividend yield for the trailing twelve months is around 1.29%, less than PRF's 1.36% yield.

PositionTTM20252024202320222021202020192018201720162015
PRF
Invesco RAFI US 1000 ETF		1.36%1.59%1.78%1.84%2.01%1.58%1.97%1.99%2.25%1.58%2.17%2.25%
USMF
WisdomTree US Multifactor Fund		1.29%1.37%1.22%1.33%1.74%1.42%1.34%1.38%1.45%0.67%0.00%0.00%

Frequently Asked Questions

USMF and PRF have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

USMF has higher volatility (4.10%) compared to PRF (3.64%). In terms of maximum drawdown, USMF dropped -36.24% vs PRF's -60.35%.

On 5-year performance, PRF leads with 13.06% vs 8.31% for USMF. On fees, USMF is cheaper at 0.28% per year. On volatility, PRF has been the lower-risk option at 3.64%. 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 13.06% return vs 8.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

USMF is cheaper with a 0.28% expense ratio, compared with 0.34% for PRF.

PRF has the higher dividend yield at 1.36%, compared with 1.29% for USMF.

USMF is categorized as Mid Cap Blend Equities, while PRF is Large Cap Value Equities. USMF tracks WisdomTree US Multifactor Index, while PRF tracks RAFI Fundamental Select US 1000 Index. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.28% for USMF and 0.34% for PRF.

PRF currently has the higher Sharpe Ratio (3.16 vs 0.86), 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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