PRFZ vs TMSL: Differences, Returns & Fees
PRFZ and TMSL hold 12% of their weight in the same names, and TMSL returned +16.9% over the year. Net assets on Oct 20, 2026: $2.6bn for Invesco RAFI US 1500 Small-Mid ETF and $3.1bn for T. Rowe Price Small-Mid Cap ETF.
PRFZ costs 0.19 points a year less; their one-year returns differ by 0.8 points; TMSL is 1.2 times larger.
| PRFZ | TMSL | |
|---|---|---|
| Expense ratio | 0.36% | 0.55% |
| Net assets | $2.6bn | $3.1bn |
| Total return, 1 year | +16.1% | +16.9% |
| What it tracks | RAFI Fundamental Select US 1500 Index | No index, actively managed |
| Holdings in common | 12% | |
| Top ten holdings, share of the fund | 4.0% | 9.8% |
| Below its high | 6.9%, high on Aug 14, 2026 | 8.3%, high on Aug 14, 2026 |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 19, 2026.
What they hold in common
By the books each fund has filed, PRFZ and TMSL hold 12% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 19, 2026.
half
12% in common
On the same fields
PRFZ and TMSL 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 TMSL
TMSL is actively managed and tracks no index. The prospectus expense ratio is 0.55% a year. By its holdings filed for Jun 30, 2026, 15% of the fund by weight is stocks the S&P 500 also holds, across 297 positions, with the top ten at 9.8%. It sat 8.3% below its high of Aug 14, 2026 on Oct 20, 2026.
Over the year to Oct 20, 2026 it returned +16.9% with distributions reinvested, against +15.0% for its benchmark, the Russell 3000 Index.
Questions people ask
- Which returned more over the last year, PRFZ or TMSL?
- In the year to Oct 20, 2026, with distributions reinvested, PRFZ returned +16.1% and TMSL +16.9%.
- Which is cheaper, PRFZ or TMSL?
- PRFZ is cheaper, by 0.19 percentage points a year. That is about $19 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, PRFZ against TMSL, data as of Oct 20, 2026. https://etfiq.com/compare/any/prfz-vs-tmsl
ETFIQ. (Oct 20, 2026). PRFZ against TMSL. Retrieved from https://etfiq.com/compare/any/prfz-vs-tmsl
[PRFZ against TMSL (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/prfz-vs-tmsl)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.