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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)
$3,749,492
AUM
$1,963,037,590
Associated Index
FTSE RAFI US 1500 Small-Mid Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with PRFZ
Trade PRFZ Options

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.

1M
3M
6M
YTD
1Y
3Y
Max
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PRFZ
Performance Measures**

for the time period Sep 20, 2006 to Dec 4, 2025

Returns

1M Trailing Return: 5.0%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 4.3%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -62.4%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 24.5%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.50

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.15

The annualized return divided by the max drawdown for the selected time period.

ETFs related toPRFZ

ETFs correlated to PRFZ include VTWO, TNA, URTY

PRFZ
Invesco Capital Management LLC - Invesco FTSE RAFI US 1500 Small-Mid ETF
VTWO
Vanguard Group, Inc. - Vanguard Russell 2000 Index ETF
TNA
Direxion Shares ETF Trust - Direxion Dialy Small Cap Bull 3X Shares
URTY
ProShares Trust - ProShares UltraPro Russell2000 3x Shares
IWM
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 ETF
UWM
ProShares Trust - ProShares Ultra Russell 2000 2X Shares
DFAS
Dimensional ETF Trust - Dimensional U.S. Small Cap ETF
FNDA
Schwab Strategic Trust - Schwab Fundamental U.S. Small Company Index 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
AVSC
American Century ETF Trust - Avantis U.S Small Cap Equity 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.

Trading Strategies
Related toPRFZ

Simon | KMLM switcher | Simon Shorts Ed. + MbM | (single pops)| BT 4/13/22

Category

Trend-following, RSI momentum, volatility hedging, leveraged ETFs, inverse ETFs, managed futures (KMLM), bonds/cash, tech/semis/small-cap/biotech, risk-on/off

OOS Cumulative Return

94.76%

AutoSignals | (TQQQ or SH? Edition)

Category

Trend-following, risk-on/off, RSI and moving-average filters, cross-asset signals, TQQQ vs SH toggle, high turnover, leveraged ETF

OOS Cumulative Return

0.92%

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 -0.0268%. This is the percent change in the value of PRFZ over the most recent 1-month period. The 3-month return on PRFZ is -0.0024%. 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 0.212%. 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 SPHQ, DSI, and QUAL.

ETFs correlated to PRFZ include VTWO, TNA, and URTY.

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

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.