PRFZ vs VOO
Invesco RAFI US 1500 Small-Mid ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. PRFZ delivered stronger 1-year returns. PRFZ offers more diversification with 1314 holdings.
Side-by-Side Comparison
| Metric | PRFZ | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.34% | 0.03% | |
| AUM | $2.8B | $979.0B | |
| Dividend Yield | 0.77% | 1.09% | |
| Holdings | 1,554 | 509 | |
| YTD Return | +21.79% | +13.44% | |
| 1Y Return | +35.80% | +22.62% | |
| 3Y Return (annualized) | +17.99% | +21.47% | |
| 5Y Return (annualized) | +9.90% | +13.27% | |
| Volatility (annualized) | 21.3% | 14.1% | |
| Max Drawdown | -63.0% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 20, 2006 | Sep 7, 2010 |
PRFZ vs VOO Performance
Invesco RAFI US 1500 Small-Mid ETF (PRFZ) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PRFZ returned +35.80% while VOO returned +22.62%. Year to date, PRFZ is up 21.79% versus a gain of 13.44% for VOO.
Over three years, PRFZ compounded at +17.99% per year against +21.47% for VOO; over five years the annualized figures are +9.90% and +13.27% respectively. Across the full 16-year window we track, VOO has the edge at +13.55% annualized vs +9.36%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PRFZ has been the more volatile fund, with annualized monthly volatility of 21.3% 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 -63.0% for PRFZ 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PRFZ 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, PRFZ currently yields 0.77% against 1.09% for VOO.
Holdings Overlap
PRFZ and VOO share 11 holdings out of 1808 unique holdings combined, representing a 0.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PRFZ or VOO?
PRFZ 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, PRFZ or VOO?
Over the past year PRFZ returned +35.80% vs +22.62% for VOO, so PRFZ leads on 1-year performance. Over the longest common window we track (16 years), PRFZ annualized +9.36% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, PRFZ or VOO?
PRFZ has been the more volatile fund at 21.3% annualized versus 14.1% for VOO. Worst drawdown: PRFZ -63.0% vs VOO -34.3%.
Should I hold both PRFZ and VOO?
PRFZ and VOO have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PRFZ and VOO?
PRFZ and VOO share 11 common holdings with a 0.5% weight overlap. Combined, they hold 1808 unique securities.
Which pays a higher dividend, PRFZ or VOO?
PRFZ yields 0.77% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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