Skip to Content
ETFs

Invesco Exchange-Traded Fund Trust Invesco FTSE RAFI US 1500 Small-Mid ETF

PRFZ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 20 2006
Expense Ratio
0.39%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$7,048,668
AUM
$1,944,953,024
Associated Index
FTSE RAFI US 1500 Small-Mid Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

AGPXX
Invesco Government & Agency Portfolio
0.22%
EXAS
Exact Sciences Corp.
0.22%
SMCI
Super Micro Computer Inc
0.21%
COTY
Coty Inc - Ordinary Shares - Class A
0.21%
GBX
Greenbrier Cos., Inc.
0.21%
FTNT
Fortinet Inc
0.21%
FTAI
FTAI Aviation Ltd - Ordinary Shares - Class A
0.20%
AJRD
Aerojet Rocketdyne Holdings Inc
0.20%
LFUS
Littelfuse, Inc.
0.20%
RRC
Range Resources Corp
0.20%
Invest with PRFZ

What is PRFZ?

The Invesco FTSE RAFI US 1500 Small-Mid ETF (Fund) is based on the FTSE RAFI US 1500 Small-Mid Index (index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of the equity securities of small and medium-sized US companies. Companies in the index are selected based on the following four fundamental measures of size: book value, cash flow, sales and dividends. Each of the equities with a fundamental size ranking of 1,001 to 2,500 in the universe of 3,000 is then selected and assigned a weight equal to its fundamental value. The Portfolio and the Index are reconstituted annually.

ETFs related toPRFZ

ETFs correlated to PRFZ include SCHA, ESML, VTWO

PRFZ
Invesco Capital Management LLC - Invesco FTSE RAFI US 1500 Small-Mid ETF
SCHA
Schwab Strategic Trust - Schwab U.S. Small-Cap ETF
ESML
BlackRock Institutional Trust Company N.A. - iShares ESG Aware MSCI USA Small-Cap ETF
VTWO
Vanguard Group, Inc. - Vanguard Russell 2000 Index ETF
IWM
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 ETF
URTY
ProShares Trust - ProShares UltraPro Russell2000 3x Shares
TNA
Direxion Shares ETF Trust - Direxion Dialy Small Cap Bull 3X Shares
UWM
ProShares Trust - ProShares Ultra Russell 2000 2X Shares
VB
Vanguard Group, Inc. - Vanguard Small Cap ETF
SMMD
BlackRock Institutional Trust Company N.A. - iShares Russell 2500 ETF
FNDA
Schwab Strategic Trust - Schwab Fundamental U.S. Small Company Index ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toPRFZ

#IWM

Russell 2000

Category

Benchmarks

Risk Rating

Aggressive

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

Create your own algorithmic trading strategy with PRFZ using Composer

FAQ

PRFZ is a US Equities ETF. The Invesco FTSE RAFI US 1500 Small-Mid ETF (Fund) is based on the FTSE RAFI US 1500 Small-Mid Index (index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of the equity securities of small and medium-sized US companies. Companies in the index are selected based on the following four fundamental measures of size: book value, cash flow, sales and dividends. Each of the equities with a fundamental size ranking of 1,001 to 2,500 in the universe of 3,000 is then selected and assigned a weight equal to its fundamental value. The Portfolio and the Index are reconstituted annually.

PRFZ tracks the FTSE RAFI US 1500 Small-Mid Index.

No, PRFZ is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, PRFZ is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PRFZ is -0.05%. This is the percent change in the value of PRFZ over the most recent 1-month period. The 3-month return on PRFZ is 0.0382%. This is the percent change in the value of PRFZ over the most recent 3-month period.

The standard deviation of PRFZ for the past year is 0.2533%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PRFZ include USMV, SPLV, and DSI.

ETFs correlated to PRFZ include SCHA, ESML, and VTWO.

ETFs that are inversely correlated to PRFZ include TWM, TZA, and RWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.