PRF vs TVAL: Differences, Returns & Fees
PRF and TVAL hold 39% of their weight in the same names, and TVAL returned +26.8% over the year. Net assets on Oct 9, 2026: $10.0bn for Invesco RAFI US 1000 ETF and $1.1bn for T. Rowe Price Value ETF.
TVAL costs 0.01 points a year less; their one-year returns differ by 2.0 points; PRF is 9.3 times larger.
| PRF | TVAL | |
|---|---|---|
| Expense ratio | 0.34% | 0.33% |
| Net assets | $10.0bn | $1.1bn |
| Total return, 1 year | +24.8% | +26.8% |
| What it tracks | RAFI Fundamental Select US 1000 Index | No index, actively managed |
| Holdings in common | 39% | |
| Holdings dated | Oct 10, 2026 | Jun 30, 2026 |
| Top ten holdings, share of the fund | 23.7% | 23.0% |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 9, 2026.
What they hold in common
By the books each fund has filed, PRF and TVAL hold 39% 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 Jun 30, 2026 and Oct 9, 2026.
half
39% in common
On the same fields
PRF and TVAL 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 TVAL
TVAL is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +26.8% with distributions reinvested, against +26.4% for its benchmark, the Russell 1000 Value Index. The prospectus expense ratio is 0.33% a year. By its holdings filed for Jun 30, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 158 positions, with the top ten at 23.0%.
Questions people ask
- Which returned more over the last year, PRF or TVAL?
- In the year to Oct 9, 2026, with distributions reinvested, PRF returned +24.8% and TVAL +26.8%.
- Which is cheaper, PRF or TVAL?
- TVAL is cheaper, by 0.01 percentage points a year. That is about $1 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.
Cite this pageCitation, APA and Markdown
ETFIQ, PRF against TVAL, data as of Oct 9, 2026. https://etfiq.com/compare/any/prf-vs-tval
ETFIQ. (Oct 9, 2026). PRF against TVAL. Retrieved from https://etfiq.com/compare/any/prf-vs-tval
[PRF against TVAL (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/prf-vs-tval)
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