PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
VEA vs. PRF
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VEA vs. PRF

Last updated Jun 14, 2026

VEA (Vanguard FTSE Developed Markets ETF) and PRF (Invesco RAFI US 1000 ETF) are both exchange-traded funds - VEA is a Foreign Large Cap Equities fund tracking the FTSE Developed All Cap ex 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 10 years, VEA returned 10.72%/yr vs 13.91%/yr for PRF. Their correlation of 0.82 suggests significant overlap in exposure. VEA charges 0.03%/yr vs 0.34%/yr for PRF.

Performance

VEA vs. PRF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE Developed Markets ETF (VEA) and Invesco RAFI US 1000 ETF (PRF). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, VEA achieves a 14.73% return, which is significantly lower than PRF's 15.65% return. Over the past 10 years, VEA has underperformed PRF with an annualized return of 10.72%, while PRF has yielded a comparatively higher 13.91% annualized return.

VEA

1D
0.34%
1M
3.58%
YTD
14.73%
6M
16.65%
1Y
31.41%
3Y*
19.03%
5Y*
9.51%
10Y*
10.72%

PRF

1D
0.88%
1M
3.48%
YTD
15.65%
6M
15.18%
1Y
33.40%
3Y*
20.72%
5Y*
12.67%
10Y*
13.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VEA vs. PRF - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VEA
Vanguard FTSE Developed Markets ETF		14.73%35.16%3.15%17.93%-15.34%11.66%9.71%22.62%-14.75%26.42%
PRF
Invesco RAFI US 1000 ETF		15.65%18.33%16.73%15.72%-7.79%31.12%7.78%27.42%-8.71%16.01%

Correlation

The correlation between VEA and PRF is 0.77, 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

0.77

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

0.75

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

0.79

Correlation (10Y)
Calculated over the trailing 10-year period

0.79

Correlation (All Time)
Calculated using the full available price history since Jul 26, 2007

0.82

The correlation between VEA and PRF has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.

VEA vs. PRF - Sectors Allocation Comparison

Sectors
VEA
PRF

Financial Services

23.3%
15.4%

Industrials

19.2%
8.9%

Technology

13.8%
23.1%

Healthcare

8.2%
12.0%

Basic Materials

7.5%
3.3%

Consumer Cyclical

7.5%
8.7%

Consumer Defensive

5.6%
6.0%

Energy

5.4%
7.9%

Communication Services

3.4%
9.4%

Utilities

3.3%
3.0%

Real Estate

2.7%
2.4%

Financial Services

VEA
23.3%
PRF
15.4%

Industrials

VEA
19.2%
PRF
8.9%

Technology

VEA
13.8%
PRF
23.1%

Healthcare

VEA
8.2%
PRF
12.0%

Basic Materials

VEA
7.5%
PRF
3.3%

Consumer Cyclical

VEA
7.5%
PRF
8.7%

Consumer Defensive

VEA
5.6%
PRF
6.0%

Energy

VEA
5.4%
PRF
7.9%

Communication Services

VEA
3.4%
PRF
9.4%

Utilities

VEA
3.3%
PRF
3.0%

Real Estate

VEA
2.7%
PRF
2.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard FTSE Developed Markets ETF

Invesco RAFI US 1000 ETF

Often compared with VEA:
VEA vs. VXUSVEA vs. VWOVEA vs. VOOVEA vs. VEUVEA vs. SCHFVEA vs. IEFAVEA vs. VTI
Often compared with PRF:
PRF vs. SPYPRF vs. VOOPRF vs. RSPPRF vs. PFMPRF vs. VTVPRF vs. SCHDPRF vs. PXF

Return for Risk

VEA vs. PRF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VEA
VEA Risk / Return Rank: 6262
Overall Rank
VEA Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
VEA Sortino Ratio Rank: 6262
Sortino Ratio Rank
VEA Omega Ratio Rank: 6363
Omega Ratio Rank
VEA Calmar Ratio Rank: 5959
Calmar Ratio Rank
VEA Martin Ratio Rank: 6363
Martin Ratio Rank
PRF
PRF Risk / Return Rank: 9292
Overall Rank
PRF Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
PRF Sortino Ratio Rank: 9393
Sortino Ratio Rank
PRF Omega Ratio Rank: 9292
Omega Ratio Rank
PRF Calmar Ratio Rank: 9090
Calmar Ratio Rank
PRF Martin Ratio Rank: 9292
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.

VEA vs. PRF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Markets ETF (VEA) 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.

VEAPRFDifference
Sharpe ratioReturn per unit of total volatility
1.81
2.95

-1.15

Sortino ratioReturn per unit of downside risk
2.50
4.07

-1.57

Omega ratioGain probability vs. loss probability

1.33

1.54

-0.21

Calmar ratioReturn relative to maximum drawdown

2.58

4.90

-2.33

Martin ratioReturn relative to average drawdown

9.92

20.07

-10.15

VEA vs. PRF - Sharpe Ratio Comparison

The current VEA Sharpe Ratio is 1.81, which is lower than the PRF Sharpe Ratio of 2.95. The chart below compares the historical Sharpe Ratios of VEA 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.

Loading charts...

Drawdowns

VEA vs. PRF - Drawdown Comparison

The maximum VEA drawdown since its inception was -60.68%, roughly equal to the maximum PRF drawdown of -60.35%. Use the drawdown chart below to compare losses from any high point for VEA and PRF.

Loading charts...

Drawdown Indicators

VEAPRFDifference

Max Drawdown

Largest peak-to-trough decline

-60.68%

-60.35%

-0.33%

Max Drawdown (1Y)

Largest decline over 1 year

-11.63%

-6.59%

-5.04%

Max Drawdown (3Y)

Largest decline over 3 years

-13.45%

-15.82%

+2.37%

Max Drawdown (5Y)

Largest decline over 5 years

-29.71%

-19.72%

-9.99%

Max Drawdown (10Y)

Largest decline over 10 years

-35.73%

-38.16%

+2.43%

Current Drawdown

Current decline from peak

-1.06%

-0.00%

-1.06%

Average Drawdown

Average peak-to-trough decline

-13.28%

-6.92%

-6.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.02%

1.61%

+1.41%

Volatility

VEA vs. PRF - Volatility Comparison

Vanguard FTSE Developed Markets ETF (VEA) has a higher volatility of 6.84% compared to Invesco RAFI US 1000 ETF (PRF) at 3.60%. This indicates that VEA'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.

Loading charts...

Volatility by Period

VEAPRFDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.84%

3.60%

+3.24%

Volatility (6M)

Calculated over the trailing 6-month period

14.38%

8.17%

+6.21%

Volatility (1Y)

Calculated over the trailing 1-year period

16.58%

10.95%

+5.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.72%

15.23%

+1.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.40%

17.68%

-0.28%

VEA vs. PRF - Expense Ratio Comparison

VEA has a 0.03% expense ratio, which is lower than PRF's 0.34% expense ratio.

Dividends

VEA vs. PRF - Dividend Comparison

VEA's dividend yield for the trailing twelve months is around 2.62%, more than PRF's 1.37% yield.

PositionTTM20252024202320222021202020192018201720162015
PRF
Invesco RAFI US 1000 ETF		1.37%1.59%1.78%1.84%2.01%1.58%1.97%1.99%2.25%1.58%2.17%2.25%
VEA
Vanguard FTSE Developed Markets ETF		2.62%3.22%3.35%3.15%2.91%3.16%2.04%3.04%3.35%2.77%3.05%2.92%

Frequently Asked Questions

VEA and PRF have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VEA has higher volatility (6.84%) compared to PRF (3.60%). In terms of maximum drawdown, VEA dropped -60.68% vs PRF's -60.35%.

On 10-year performance, PRF leads with 13.91% vs 10.72% for VEA. On fees, VEA is cheaper at 0.03% per year. On volatility, PRF has been the lower-risk option at 3.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, PRF has performed better with a 13.91% return vs 10.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VEA is cheaper with a 0.03% expense ratio, compared with 0.34% for PRF.

VEA has the higher dividend yield at 2.62%, compared with 1.37% for PRF.

VEA is categorized as Foreign Large Cap Equities, while PRF is Large Cap Value Equities. VEA tracks FTSE Developed All Cap ex US Index, while PRF tracks RAFI Fundamental Select US 1000 Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.03% for VEA and 0.34% for PRF.

PRF currently has the higher Sharpe Ratio (2.95 vs 1.81), 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.

Portfolio Optimizer

Find the right allocation for VEA and PRF

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer