PRFZ vs VOO
Invesco RAFI US 1500 Small-Mid ETF vs Vanguard S&P 500 ETF
Which is better, PRFZ or VOO?
Small Cap Blend against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PRFZ | VOO |
|---|---|---|
| Expense Ratio | 0.34% | 0.03%Best |
| AUM | $2.8B | $997.4B |
| Dividend Yield | 0.80% | 1.04% |
| Holdings | 1,522 | 509 |
| YTD Return | +16.27%Best | +14.14% |
| 1Y Return | +17.29% | +17.31%Best |
| 3Y Return (annualized) | +18.86% | +23.04%Best |
| 5Y Return (annualized) | +9.35% | +13.63%Best |
| Volatility (annualized) | 19.2% | 14.1%Best |
| Max Drawdown | -45.7% | -34.3%Best |
| $10,000 over 5 years | $15,635 | $18,944Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Blend |
| Inception | Sep 20, 2006 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 22, 2026 (16 years).
PRFZ vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 16 years both funds cover.
PRFZ vs VOO Performance
Invesco RAFI US 1500 Small-Mid ETF (PRFZ) is an ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year PRFZ returned +17.29% while VOO returned +17.31%. Year to date, PRFZ is up 16.27% versus a gain of 14.14% for VOO.
Over three years, PRFZ compounded at +18.86% per year against +23.04% for VOO; over five years the annualized figures are +9.35% and +13.63% respectively. Across the full 16-year window we track, VOO has the edge at +13.49% annualized vs +11.18%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PRFZ has been the more volatile fund, with annualized monthly volatility of 19.2% 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 -45.7% for PRFZ and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 0.80% against 1.04% for VOO.
Holdings Overlap
At least 0.5% of VOO's money is in holdings PRFZ also owns.
Stated as a floor: for PRFZ, our book for it covers 94.5% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
11 positions in common, counted across the 1,291 positions we hold weights for in PRFZ and 494 in VOO, against full books of 1,522 and 509.
Top Shared Holdings
| Stock | Weight in PRFZ | Weight in VOO | Difference |
|---|---|---|---|
| TECHBio-Techne Corp | 0.33% | 0.02% | 0.31% |
| AXONAxon Enterprise Inc | 0.23% | 0.07% | 0.16% |
| TPLTexas Pacific Land Trust | 0.20% | 0.04% | 0.16% |
| APPAppLovin Corp. Com Cl A | 0.07% | 0.17% | 0.10% |
| IBKRInteractive Brokers Group Inc | 0.17% | 0.06% | 0.11% |
| TKOTko Group Holdings Inc | 0.12% | 0.02% | 0.10% |
| WYNNWynn Resorts Ltd. | 0.12% | 0.01% | 0.11% |
| CVNACarvana Co | 0.05% | 0.07% | 0.02% |
| PODDInsulet Corporation | 0.10% | 0.02% | 0.08% |
| LYVLive Nation Entertainment Inc | 0.08% | 0.04% | 0.04% |
You are not choosing between two funds in isolation.
Whichever of PRFZ and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $31 a year on a $10,000 investment.
Which performed better, PRFZ or VOO?
Over the past year PRFZ returned +17.29% vs +17.31% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), PRFZ annualized +11.18% vs +13.49% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PRFZ or VOO?
PRFZ has been the more volatile fund at 19.2% annualized versus 14.1% for VOO. Worst drawdown: PRFZ -45.7% vs VOO -34.3%.
Should I hold both PRFZ and VOO?
PRFZ and VOO have a monthly-return correlation of 0.86, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, PRFZ or VOO?
PRFZ yields 0.80% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than PRFZ?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.