PRF vs RWL: Differences, Returns & Fees
PRF and RWL hold 66% of their weight in the same names, and PRF returned +24.8% over the year. Net assets on Oct 9, 2026: $10.0bn for Invesco RAFI US 1000 ETF and $10.0bn for Invesco S&P 500 Revenue ETF.
PRF costs 0.05 points a year less; their one-year returns differ by 3.7 points.
| PRF | RWL | |
|---|---|---|
| Expense ratio | 0.34% | 0.39% |
| Net assets | $10.0bn | $10.0bn |
| Total return, 1 year | +24.8% | +21.1% |
| What it tracks | RAFI Fundamental Select US 1000 Index | S&P 500 Revenue-Weighted Index |
| Holdings in common | 66% | |
| Holdings dated | Oct 10, 2026 | Oct 10, 2026 |
| Top ten holdings, share of the fund | 23.7% | 24.0% |
Holdings in common uses holdings dated Oct 9, 2026.
What they hold in common
By the books each fund has filed, PRF and RWL hold 66% 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
66% in common
On the same fields
PRF and RWL on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
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%.
About RWL
RWL tracks an index. Over the year to Oct 9, 2026 it returned +21.1% with distributions reinvested. The prospectus expense ratio is 0.39% a year. By its holdings published by its issuer for Oct 10, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 24.0%.
Questions people ask
- Which returned more over the last year, PRF or RWL?
- In the year to Oct 9, 2026, with distributions reinvested, PRF returned +24.8% and RWL +21.1%.
- Which is cheaper, PRF or RWL?
- PRF is cheaper, by 0.05 percentage points a year. That is about $5 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, PRF against RWL, data as of Oct 9, 2026. https://etfiq.com/compare/any/prf-vs-rwl
ETFIQ. (Oct 9, 2026). PRF against RWL. Retrieved from https://etfiq.com/compare/any/prf-vs-rwl
[PRF against RWL (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/prf-vs-rwl)
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