Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) Performance
PRFZ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +15.8% since Dec 31, 2025
- 1 year
- +15.8% total return
- 5 years
- +8.1% a year
- 10 years
- +11.2% a year
- Since first price
- +9.9% a year since 2006
PRFZ trailing returns vs SPY, QQQ, AGG
| Period | PRFZ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.1% | +0.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.2% | −1.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.9% | +5.5% | +7.8% | +8.4% | −1.5% |
| YTD | +15.8% | +15.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +15.8% | +14.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +76.4%+20.8%/yr | +70.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +47.4%+8.1%/yr | +38.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +188.8%+11.2%/yr | +155.0% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +451.1%+12.1%/yr | +356.4% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +537.6%+9.7%/yr | +403.2% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionSep 20, 2006 | +562.0%+9.9%/yr | +422.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PRFZ vs SPY
From Sep 20, 2006: PRFZ grew to $66,200, SPY to $82,669.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PRFZ returns by calendar year
13 of 19 full years positive. Best 2009 (+58.7%), worst 2008 (−39.1%). 2026 is year to date.
PRFZ annual returns table
| Year | PRFZ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +15.8% | −10.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +11.3% | −23.5% | +17.7% | +20.8% | +7.2% |
| 2024 | +12.7% | −9.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +20.2% | −17.2% | +26.2% | +54.9% | +5.7% |
| 2022 | −16.3% | −24.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +28.3% | −9.9% | +28.7% | +27.4% | −1.8% |
| 2020 | +11.8% | −42.6% | +18.3% | +48.6% | +7.5% |
| 2019 | +21.9% | −10.3% | +31.2% | +39.0% | +8.5% |
| 2018 | −11.4% | −26.0% | −4.6% | −0.1% | +0.1% |
| 2017 | +13.8% | −5.6% | +21.7% | +32.7% | +3.6% |
| 2016 | +24.5% | −12.3% | +12.0% | +7.1% | +2.4% |
| 2015 | −5.6% | −15.5% | +1.2% | +9.4% | +0.5% |
| 2014 | +4.3% | −12.7% | +13.5% | +19.2% | +6.0% |
| 2013 | +42.0% | −5.4% | +32.3% | +36.6% | −2.0% |
| 2012 | +18.0% | −13.6% | +16.0% | +18.1% | +3.8% |
| 2011 | −6.0% | −29.4% | +1.9% | +3.4% | +7.7% |
| 2010 | +28.3% | −22.4% | +15.1% | +19.9% | +6.4% |
| 2009 | +58.7% | −33.6% | +26.4% | +54.7% | +3.0% |
| 2008 | −39.1% | −52.3% | −36.8% | −41.7% | +7.9% |
| 2007 | −1.0% | −14.2% | +5.1% | +19.0% | +6.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PRFZ largest drawdowns
Now 6.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 13, 2007 | −62.4% | Mar 9, 2009 | Apr 13, 2010 | 1.7 years | 2.8 years |
| Aug 31, 2018 | −44.3% | Mar 23, 2020 | Nov 24, 2020 | 1.6 years | 2.2 years |
| Apr 29, 2011 | −29.4% | Oct 3, 2011 | Sep 14, 2012 | 5 months | 1.4 years |
| Nov 8, 2021 | −26.6% | Sep 30, 2022 | Mar 27, 2024 | 11 months | 2.4 years |
| Nov 25, 2024 | −26.5% | Apr 8, 2025 | Sep 5, 2025 | 4 months | 9 months |
| Jun 23, 2015 | −24.1% | Feb 11, 2016 | Sep 2, 2016 | 8 months | 1.2 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PRFZ risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2006 |
|---|---|---|---|---|
| Annualized return | +17.9% | +8.8% | +10.9% | +9.9% |
| Volatility (annualized) | 18.7% | 20.4% | 21.0% | 21.3% |
| Sharpe ratio | 0.74 | 0.34 | 0.49 | 0.49 |
| Sortino ratio | 1.32 | 0.54 | 0.74 | 0.74 |
| Best month | +11.8% | +12.1% | +17.5% | +27.2% |
| Worst month | −7.3% | −10.3% | −24.5% | −24.5% |
| Best 12 months | +38.7% | +38.7% | +99.1% | +105.9% |
| Worst 12 months | −2.3% | −19.1% | −28.7% | −47.8% |
| Positive months | 58% | 53% | 62% | 62% |
| Beta vs S&P 500 | 1.15 | 1.08 | 1.17 | — |
| Correlation with S&P 500 | 0.76 | 0.83 | 0.85 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PRFZ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 230 | −47.8% | +11.0% | +105.9% | 70% |
| 3-year (a year) | 206 | −7.2% | +11.1% | +39.2% | 93% |
| 5-year (a year) | 182 | −1.7% | +10.5% | +32.7% | 99% |
| 10-year (a year) | 122 | +6.2% | +10.5% | +19.3% | 100% |
Every holding period starting at a month-end since 2006. Returns for 3 years and longer are annualized.
PRFZ performance overview
Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) returned +15.8% over the past year and +11.2% a year over ten years, with distributions reinvested. Since its first recorded price in 2006 it has returned +9.9% a year, turning $10,000 into about $66,200. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −62.4%, from Jul 13, 2007 to Mar 9, 2009, and it took 1.1 years to get back to the old high. PRFZ finished 13 of its 19 full calendar years with a gain; the best year was 2009 (+58.7%) and the worst 2008 (−39.1%). Volatility has been 21.3% a year.
Related: PRFZ chart, PRFZ holdings, PRFZ dividends, PRFZ valuation. See the PRFZ overview for the latest quote and fund facts.
PRFZ performance FAQ
What is the PRFZ return over the past year?
PRFZ returned +15.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 14.8%.
What is the average annual return of PRFZ?
PRFZ has returned +8.1% a year over 5 years, +11.2% a year over 10 years, +9.9% a year since September 20, 2006 (total return, distributions reinvested).
How much would $10,000 invested in PRFZ be worth?
$10,000 invested in PRFZ at its first recorded close on September 20, 2006 would be worth about $66,200 on October 23, 2026 with distributions reinvested.
What was the worst year for PRFZ?
The worst calendar year was 2008, with a total return of −39.1%. The best was 2009 at +58.7%.
What is the biggest drawdown of PRFZ?
The largest peak-to-trough decline was −62.4% between July 13, 2007 and March 9, 2009. It recovered to the old high on April 13, 2010, 1.1 years after the bottom.
How volatile is PRFZ?
Over the past 3 years PRFZ had an annualized volatility of 18.7% and a Sharpe ratio of 0.74 (excess return over 1–3 month T-bills per unit of risk).