IWD vs PRF: Differences, Returns & Fees
IWD and PRF hold 70% of their weight in the same names, and IWD returned +26.4% over the year. Net assets on Oct 9, 2026: $82.9bn for iShares Russell 1000 Value ETF and $10.0bn for Invesco RAFI US 1000 ETF.
IWD costs 0.16 points a year less; their one-year returns differ by 1.6 points; IWD is 8.3 times larger.
| IWD | PRF | |
|---|---|---|
| Expense ratio | 0.18% | 0.34% |
| Net assets | $82.9bn | $10.0bn |
| Total return, 1 year | +26.4% | +24.8% |
| What it tracks | Russell 1000 Value Index | RAFI Fundamental Select US 1000 Index |
| Holdings in common | 70% | |
| Holdings dated | Oct 9, 2026 | Oct 10, 2026 |
| Top ten holdings, share of the fund | 30.0% | 23.7% |
Holdings in common uses holdings dated Oct 9, 2026.
What they hold in common
By the books each fund has filed, IWD and PRF hold 70% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Oct 9, 2026.
half
70% in common
On the same fields
IWD and PRF on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
About IWD
IWD tracks the Russell 1000 value. Over the year to Oct 9, 2026 it returned +26.4% with distributions reinvested, against +26.5% for its benchmark, the Russell 1000 Value Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 9, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 871 positions, with the top ten at 30.0%.
About PRF
PRF tracks an index. Over the year to Oct 9, 2026 it returned +24.8% with distributions reinvested. The prospectus expense ratio is 0.34% a year. By its holdings published by its issuer for Oct 10, 2026, 87% of the fund by weight is stocks the S&P 500 also holds, across 1,000 positions, with the top ten at 23.7%.
Questions people ask
- Which returned more over the last year, IWD or PRF?
- In the year to Oct 9, 2026, with distributions reinvested, IWD returned +26.4% and PRF +24.8%.
- Which is cheaper, IWD or PRF?
- IWD is cheaper, by 0.16 percentage points a year. That is about $16 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, IWD against PRF, data as of Oct 9, 2026. https://etfiq.com/compare/any/iwd-vs-prf
ETFIQ. (Oct 9, 2026). IWD against PRF. Retrieved from https://etfiq.com/compare/any/iwd-vs-prf
[IWD against PRF (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/iwd-vs-prf)
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