PRF vs SCHD
Invesco RAFI US 1000 ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. PRF offers more diversification with 1,003 holdings.
Side-by-Side Comparison
| Metric | PRF | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.34% | 0.06% | |
| AUM | $10.1B | $108.7B | |
| Dividend Yield | 1.36% | 3.13% | |
| Holdings | 1,003 | 104 | |
| YTD Return | +19.56% | +28.70% | |
| 1Y Return | +29.63% | +31.07% | |
| 3Y Return (annualized) | +21.66% | +16.88% | |
| 5Y Return (annualized) | +13.25% | +10.20% | |
| Volatility (annualized) | 16.6% | 13.7% | |
| Max Drawdown | -61.6% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Dec 19, 2005 | Oct 20, 2011 |
PRF vs SCHD Performance
Invesco RAFI US 1000 ETF (PRF) is a ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PRF returned +29.63% while SCHD returned +31.07%. Year to date, PRF is up 19.56% versus a gain of 28.70% for SCHD.
Over three years, PRF compounded at +21.66% per year against +16.88% for SCHD; over five years the annualized figures are +13.25% and +10.20% respectively. Across the full 15-year window we track, SCHD has the edge at +11.62% annualized vs +9.26%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PRF has been the more volatile fund, with annualized monthly volatility of 16.6% compared with 13.7% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -61.6% for PRF and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PRF charges 0.34% per year while SCHD charges 0.06%. On a $10,000 position that is $34 vs $6 annually, a gap of $28 per year that compounds over a long holding period. On income, PRF currently yields 1.36% against 3.13% for SCHD.
Holdings Overlap
PRF and SCHD share 64 holdings out of 929 unique holdings combined, representing a 13.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PRF or SCHD?
PRF has an expense ratio of 0.34% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $28 per year of difference.
Which performed better, PRF or SCHD?
Over the past year PRF returned +29.63% vs +31.07% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), PRF annualized +9.26% vs +11.62% for SCHD. Past performance does not guarantee future results.
Which is riskier, PRF or SCHD?
PRF has been the more volatile fund at 16.6% annualized versus 13.7% for SCHD. Worst drawdown: PRF -61.6% vs SCHD -33.4%.
Should I hold both PRF and SCHD?
PRF and SCHD have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between PRF and SCHD?
PRF and SCHD share 64 common holdings with a 13.6% weight overlap. Combined, they hold 929 unique securities.
Which pays a higher dividend, PRF or SCHD?
PRF yields 1.36% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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