PRFZ vs SCHM: Differences, Returns & Fees
PRFZ and SCHM hold 14% of their weight in the same names, and SCHM returned +17.6% over the year. Net assets: $2.6bn on Oct 20, 2026 for Invesco RAFI US 1500 Small-Mid ETF, and $14.6bn on May 31, 2026 for Schwab U.S. Mid-Cap ETF.
SCHM costs 0.33 points a year less; their one-year returns differ by 1.5 points.
| PRFZ | SCHM | |
|---|---|---|
| Expense ratio | 0.36% | 0.03% |
| Net assets, PRFZ as of Oct 20, 2026 and SCHM as of May 31, 2026 | $2.6bn | $14.6bn |
| Total return, 1 year | +16.1% | +17.6% |
| What it tracks | RAFI Fundamental Select US 1500 Index | Dow Jones U.S. Mid-Cap Total Stock Market Index |
| Holdings in common | 14% | |
| Top ten holdings, share of the fund | 4.0% | 13.3% |
| Below its high | 6.9%, high on Aug 14, 2026 | 5.8%, high on Jun 30, 2026 |
Holdings in common uses holdings dated May 31, 2026 and Oct 19, 2026.
What they hold in common
By the books each fund has filed, PRFZ and SCHM hold 14% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Oct 19, 2026.
half
14% in common
On the same fields
PRFZ and SCHM on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About PRFZ
PRFZ tracks an index. The prospectus expense ratio is 0.36% a year. By its holdings published by its issuer for Oct 19, 2026, 2% of the fund by weight is stocks the S&P 500 also holds, across 1,491 positions, with the top ten at 4.0%. It sat 6.9% below its high of Aug 14, 2026 on Oct 20, 2026.
Over the year to Oct 20, 2026 it returned +16.1% with distributions reinvested, against +15.0% for its benchmark, the Russell 3000 Index.
About SCHM
SCHM tracks an index. Over the year to Oct 20, 2026 it returned +17.6% with distributions reinvested, against +15.9% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings filed for May 31, 2026, 30% of the fund by weight is stocks the S&P 500 also holds, across 496 positions, with the top ten at 13.3%. It sat 5.8% below its high of Jun 30, 2026 on Oct 20, 2026.
Questions people ask
- Which returned more over the last year, PRFZ or SCHM?
- In the year to Oct 20, 2026, with distributions reinvested, PRFZ returned +16.1% and SCHM +17.6%.
- Which is cheaper, PRFZ or SCHM?
- SCHM is cheaper, by 0.33 percentage points a year. That is about $33 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, PRFZ against SCHM, data as of Oct 20, 2026. https://etfiq.com/compare/any/prfz-vs-schm
ETFIQ. (Oct 20, 2026). PRFZ against SCHM. Retrieved from https://etfiq.com/compare/any/prfz-vs-schm
[PRFZ against SCHM (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/prfz-vs-schm)
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