PRFZ
Invesco FTSE RAFI US 1500 Small-Mid ETF
The FTSE™ RAFI 1500 Small-Mid Index is designed to track the performance of small- and mid-cap U.S. equities, selected and weighted based on four fundamental measures of firm size: book value, income, sales and dividends.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 2.8 B
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Inception date | Sep 20, 2006 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| A-MARK PRECIOUS METALS, INC. | 6.2 % |
| TTM TECHNOLOGIES | 0.7 % |
| MAXLINEAR INC-CLASS A | 0.6 % |
| ALLEGHENY TECHNOLOGIES INC | 0.5 % |
| VIAVI SOLUTIONS INC. | 0.5 % |
| ADVANCED ENERGY INDUSTRIES | 0.5 % |
| ROIVANT SCIENCES LTD. | 0.4 % |
| FORMFACTOR INC | 0.4 % |
| GLOBALFOUNDRIES INC. | 0.4 % |
| OPENDOOR TECHNOLOGIES INC | 0.4 % |
Constituent Breakdown
| Number of holdings | 1525 |
| Herfindahl-Hirschman Index | 53 |
| Wgt avg mkt cap (mns) | $5,803 |
| Large cap (>$10bn) | 14.1% |
| Mid cap ($2-10bn) | 47.7% |
| Small cap (<$2bn) | 31.9% |
| Developed mkts. | 94.0% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 92.4 % |
 |
BRITAIN | 0.9 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 14.0% | 15.2% | 12.2% | 16.6% | 7.5% | 9.5% | 8.6% | 8.6% |
| Dividend Yield | 0.8% | 1.0% | 1.2% | 1.3% | 1.3% | 1.4% | 1.3% | 1.3% |
| Total Returns | 14.8% | 16.3% | 13.4% | 17.9% | 8.8% | 10.9% | 9.9% | 9.8% | Ann. Volatility | 17.0% | 17.4% | 20.0% | 20.2% | 21.1% | 22.4% | 24.3% | 24.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.10 | 67% |
| MSCI EAFE | 0.80 | 54% |
| MSCI Emg Mkts | 0.46 | 44% |
Liquidity Measures
| Avg. volume (000) | 186 |
| ADV traded (mns) | $10 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.07% |
Technical Indicators
| 30d moving avg. (EMA) | $54.83 |
| Relative strength (RSI) | 63 |
| MACD/Signal | 0.73/0.53 |
| Bollinger Bands (Upper/Lower) | $57.18/$52.53 |
| Short interest (% of AUM) | 0.1% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PRFZ |
Expenses vs. PRFZ |
ALTAR Score™ vs. PRFZ |
|---|---|---|---|---|
| RSSL | Global X Russell 2000 ETF | 46.2% | -31 bp | +0.6% |
| IWM | iShares Russell 2000 ETF | 45.7% | -20 bp | +0.6% |
| VTWO | Vanguard Russell 2000 ETF | 45.5% | -32 bp | +0.8% |
| GSSC | Goldman Sachs Activebeta U.S. Small Cap Equity ETF | 40.9% | -19 bp | +1.8% |
| BBSC | JPMorgan BetaBuilders U.S. Small Cap Equity ETF | 40.2% | -30 bp | +2.1% |
| FNDA | Schwab Fundamental US Small Co. Index ETF | 39.9% | -14 bp | +4.8% |
| DFAS | Dimensional U.S. Small Cap ETF | 39.3% | -13 bp | +3.2% |
| AVSC | Avantis U.S Small Cap Equity ETF | 38.4% | -14 bp | +3.5% |
| SCHA | Schwab U.S. Small-Cap ETF | 36.9% | -35 bp | +3.4% |
| SPSM | State Street SPDR Portfolio S&P 600 Small Cap ETF | 36.3% | -36 bp | +4.9% |
Risk and Returns: PRFZ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 10/12/2026
Peer Group Comparison
Sample data. Subscribe for access.
Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
2.3%
ALTAR SCORE™
8th
PERCENTILE
AVOID
ETFRC RATING
There are 1,392 funds in the US Equity category with an average
ALTAR Score™ of 5.5% and a standard deviation
of 2.2%. PRFZ's ALTAR Score™ is approximately -1.4 standard
deviations above the category average. This places PRFZ in the 8th percentile
among funds in the category.
Sell-Side Consensus
$68.53
PRICE TARGET
+28.9%
UPSIDE