PRF vs VOO
Invesco RAFI US 1000 ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. PRF delivered stronger 1-year returns. PRF offers more diversification with 1,003 holdings.
Side-by-Side Comparison
| Metric | PRF | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.34% | 0.03% | |
| AUM | $10.1B | $997.4B | |
| Dividend Yield | 1.36% | 1.08% | |
| Holdings | 1,003 | 509 | |
| YTD Return | +19.56% | +12.73% | |
| 1Y Return | +29.63% | +20.59% | |
| 3Y Return (annualized) | +21.66% | +21.70% | |
| 5Y Return (annualized) | +13.25% | +12.87% | |
| Volatility (annualized) | 16.6% | 14.1% | |
| Max Drawdown | -61.6% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 19, 2005 | Sep 7, 2010 |
PRF vs VOO Performance
Invesco RAFI US 1000 ETF (PRF) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PRF returned +29.63% while VOO returned +20.59%. Year to date, PRF is up 19.56% versus a gain of 12.73% for VOO.
Over three years, PRF compounded at +21.66% per year against +21.70% for VOO; over five years the annualized figures are +13.25% and +12.87% respectively. Across the full 16-year window we track, VOO has the edge at +13.47% 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 14.1% for VOO. 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 -34.3% for VOO. 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 0.95. 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 VOO charges 0.03%. On a $10,000 position that is $34 vs $3 annually, a gap of $31 per year that compounds over a long holding period. On income, PRF currently yields 1.36% against 1.08% for VOO.
Holdings Overlap
PRF and VOO share 455 holdings out of 943 unique holdings combined, representing a 60.2% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, PRF or VOO?
PRF has an expense ratio of 0.34% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
Which performed better, PRF or VOO?
Over the past year PRF returned +29.63% vs +20.59% for VOO, so PRF leads on 1-year performance. Over the longest common window we track (16 years), PRF annualized +9.26% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, PRF or VOO?
PRF has been the more volatile fund at 16.6% annualized versus 14.1% for VOO. Worst drawdown: PRF -61.6% vs VOO -34.3%.
Should I hold both PRF and VOO?
PRF and VOO have a monthly-return correlation of 0.95, 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 VOO?
PRF and VOO share 455 common holdings with a 60.2% weight overlap. Combined, they hold 943 unique securities.
Which pays a higher dividend, PRF or VOO?
PRF yields 1.36% while VOO yields 1.08%, so PRF currently pays the higher dividend yield.
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