FNDX vs PRF
Schwab Fundamental US Large Company ETF vs Invesco RAFI US 1000 ETF
Which is better, FNDX or PRF?
Nearly the same fund. FNDX costs less.
FNDX has a lower expense ratio. FNDX led over 5Y and the full window, PRF over 1Y and 3Y. The two have moved almost in lockstep, correlation 1.00. FNDX is less concentrated, with 22.3% of the fund in its ten largest positions against 23.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FNDX | PRF |
|---|---|---|
| Expense Ratio | 0.25%Best | 0.34% |
| AUM | $28.0B | $10.0B |
| Dividend Yield | 1.50% | 1.36% |
| Holdings | 736 | 2,000 |
| YTD Return | +19.26%Best | +18.98% |
| 1Y Return | +25.57% | +25.61%Best |
| 3Y Return (annualized) | +21.97% | +22.16%Best |
| 5Y Return (annualized) | +13.81%Best | +13.14% |
| Volatility (annualized) | 14.8%Best | 14.9% |
| Max Drawdown | -37.7%Best | -38.7% |
| $10,000 over 5 years | $19,094Best | $18,539 |
| Top 10 Weight | 22.3%Best | 23.7% |
| Fund Family | Charles Schwab Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Aug 15, 2013 | Dec 19, 2005 |
Volatility and max drawdown are measured over the window both funds cover: Aug 15, 2013 to Oct 14, 2026 (13.2 years).
FNDX vs PRF growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 13.2 years both funds cover.
FNDX vs PRF Performance
Schwab Fundamental US Large Company ETF (FNDX) is an ETF from Charles Schwab Asset Management and Invesco RAFI US 1000 ETF (PRF) is an ETF from Invesco (US). Over the past year FNDX returned +25.57% while PRF returned +25.61%. Year to date, FNDX is up 19.26% versus a gain of 18.98% for PRF.
Over three years, FNDX compounded at +21.97% per year against +22.16% for PRF; over five years the annualized figures are +13.81% and +13.14% respectively. Across the full 13-year window we track, FNDX has the edge at +11.88% annualized vs +11.31%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PRF has been the more volatile fund, with annualized monthly volatility of 14.9% compared with 14.8% for FNDX. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -37.7% for FNDX and -38.7% for PRF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FNDX charges 0.25% per year while PRF charges 0.34%. On a $10,000 position that is $25 vs $34 annually, a gap of $9 per year that compounds over a long holding period. On income, FNDX currently yields 1.50% against 1.36% for PRF.
Holdings Overlap
91.5% of FNDX's money is in holdings PRF also owns. 89.5% of PRF's money is in holdings FNDX also owns.
Most of FNDX is already inside PRF. Owning both mostly buys the same companies twice.
637 positions in common, counted across the 733 positions we hold weights for in FNDX and 907 in PRF, against full books of 736 and 2,000.
What only one of them owns
Our book lists 246 positions for PRF that do not appear in our book for FNDX (6.7% of the fund), and 83 for FNDX that do not appear in PRF (7.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FNDX | Weight in PRF | Difference |
|---|---|---|---|
| AAPLApple, Inc | 4.82% | 4.67% | 0.15% |
| MSFTMicrosoft Corp | 3.20% | 3.18% | 0.02% |
| GOOGLAlphabet Inc | 1.77% | 3.37% | 1.60% |
| XOMExxonmobil Corp. | 2.37% | 1.91% | 0.46% |
| AMZNAmazon.Com Inc | 1.93% | 2.32% | 0.39% |
| METAMeta Platforms Inc | 1.84% | 2.10% | 0.26% |
| JPMJpmorgan Chase | 1.57% | 1.62% | 0.05% |
| CVXChevron Corp | 1.59% | 1.35% | 0.24% |
| INTCIntel Corporation | 1.14% | 1.41% | 0.27% |
| UNHUnitedhealth Group Incorporated | 1.35% | 1.14% | 0.21% |
91.5% of FNDX is already inside PRF.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FNDX or PRF?
FNDX has an expense ratio of 0.25% while PRF charges 0.34%. FNDX is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, FNDX or PRF?
Over the past year FNDX returned +25.57% vs +25.61% for PRF, so PRF leads on 1-year performance. Over the longest common window we track (13 years), FNDX annualized +11.88% vs +11.31% for PRF. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FNDX or PRF?
PRF has been the more volatile fund at 14.9% annualized versus 14.8% for FNDX. Worst drawdown: FNDX -37.7% vs PRF -38.7%.
Should I hold both FNDX and PRF?
FNDX and PRF have a monthly-return correlation of 1.00, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FNDX and PRF?
91.5% of FNDX's money is in holdings PRF also owns. 89.5% of PRF's is in holdings FNDX also owns. They hold 637 positions in common, counted across the 733 positions we hold weights for in FNDX and 907 in PRF.
Which pays a higher dividend, FNDX or PRF?
FNDX yields 1.50% while PRF yields 1.36%, so FNDX currently pays the higher dividend yield.
Is PRF better than FNDX?
FNDX has a lower expense ratio. FNDX led over 5Y and the full window, PRF over 1Y and 3Y. The two have moved almost in lockstep, correlation 1.00. FNDX is less concentrated, with 22.3% of the fund in its ten largest positions against 23.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.