Data as of Nov 4, 2026.
PRFZ vs SMMD: Differences, Returns & Fees
Over the year to Nov 4, 2026, PRFZ and SMMD finished level, +22.4% against +22.4%, and they share 13% of their weight.
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Net assets on Nov 3, 2026: $2.7bn for Invesco RAFI US 1500 Small-Mid ETF and $4.2bn for iShares Russell 2500 ETF.
Pair scorecard
SMMD costs 0.21 points a year less; both returned +22.4% over a year; SMMD is 1.6 times larger.
| Measure | PRFZ | SMMD |
|---|---|---|
| Return | ||
| Total return, 1 year | +22.4% | +22.4% |
| Drawdown | ||
| Below its high | 4.8%, high on Aug 14, 2026 | 5.3%, high on Aug 14, 2026 |
| Benchmark | ||
| What it tracks | RAFI Fundamental Select US 1500 Index | Russell 2500 Index |
| Cost and size | ||
| Expense ratio | 0.36% | 0.15% |
| Net assets, as of Nov 3, 2026 | $2.7bn | $4.2bn |
| Holdings | ||
| Holdings in common | 13% | |
| Top ten holdings, share of the fund | 3.8% | 43.4% |
What they share
By the books each fund has filed, PRFZ and SMMD hold 13% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.
half
13% in common
Only in one fund ↓
Side by side
PRFZ and SMMD on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.
Client brief:
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Over the year to Nov 4, 2026 it returned +22.4% with distributions reinvested, against +14.8% for its benchmark, the Russell 3000 Index.
PRFZ tracks an index. The prospectus expense ratio is 0.36% a year. By its holdings published by its issuer for Nov 3, 2026, 2% of the fund by weight is stocks the S&P 500 also holds, across 1,487 positions, with the top ten at 3.8%. It sat 4.8% below its high of Aug 14, 2026 on Nov 4, 2026.
SMMD
SMMD tracks an index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Nov 3, 2026, 10% of the fund by weight is stocks the S&P 500 also holds, across 516 positions, with the top ten at 43.4%. It sat 5.3% below its high of Aug 14, 2026 on Nov 4, 2026.
Questions people ask
- Which returned more over the last year, PRFZ or SMMD?
- In the year to Nov 4, 2026, with distributions reinvested, PRFZ returned +22.4% and SMMD +22.4%.
- Which is cheaper, PRFZ or SMMD?
- SMMD is cheaper, by 0.21 percentage points a year. That is about $21 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. 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 SMMD, data as of Nov 4, 2026. https://etfiq.com/compare/any/prfz-vs-smmd
ETFIQ. (Nov 4, 2026). PRFZ against SMMD. Retrieved from https://etfiq.com/compare/any/prfz-vs-smmd
[PRFZ against SMMD (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/any/prfz-vs-smmd)
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