JVAL vs PRF
JPMorgan US Value Factor ETF vs Invesco RAFI US 1000 ETF
Which is better, JVAL or PRF?
Nearly the same fund. JVAL costs less.
JVAL has a lower expense ratio. PRF led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. JVAL is less concentrated, with 18.6% 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 | JVAL | PRF |
|---|---|---|
| Expense Ratio | 0.12%Best | 0.34% |
| AUM | $1.0B | $10.0B |
| Dividend Yield | 1.61% | 1.36% |
| Holdings | 797 | 2,000 |
| YTD Return | +18.89% | +18.98%Best |
| 1Y Return | +24.99% | +25.61%Best |
| 3Y Return (annualized) | +21.18% | +22.16%Best |
| 5Y Return (annualized) | +12.28% | +13.14%Best |
| Volatility (annualized) | 18.1% | 16.8%Best |
| Max Drawdown | -40.4% | -38.7%Best |
| $10,000 over 5 years | $17,845 | $18,539Best |
| Top 10 Weight | 18.6%Best | 23.7% |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Nov 8, 2017 | Dec 19, 2005 |
Volatility and max drawdown are measured over the window both funds cover: Nov 9, 2017 to Oct 14, 2026 (8.9 years).
JVAL 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 8.9 years both funds cover.
JVAL vs PRF Performance
JPMorgan US Value Factor ETF (JVAL) is an ETF from J.P. Morgan Asset Management and Invesco RAFI US 1000 ETF (PRF) is an ETF from Invesco (US). Over the past year JVAL returned +24.99% while PRF returned +25.61%. Year to date, JVAL is up 18.89% versus a gain of 18.98% for PRF.
Over three years, JVAL compounded at +21.18% per year against +22.16% for PRF; over five years the annualized figures are +12.28% and +13.14% respectively. Across the full 9-year window we track, PRF has the edge at +12.33% annualized vs +11.54%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JVAL has been the more volatile fund, with annualized monthly volatility of 18.1% compared with 16.8% for PRF. 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 -40.4% for JVAL 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 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JVAL charges 0.12% per year while PRF charges 0.34%. On a $10,000 position that is $12 vs $34 annually, a gap of $22 per year that compounds over a long holding period. On income, JVAL currently yields 1.61% against 1.36% for PRF.
Holdings Overlap
86.5% of JVAL's money is in holdings PRF also owns. 52.2% of PRF's money is in holdings JVAL also owns.
Most of JVAL is already inside PRF. Owning both mostly buys the same companies twice.
310 positions in common, counted across the 393 positions we hold weights for in JVAL and 907 in PRF, against full books of 797 and 2,000.
What only one of them owns
Our book lists 569 positions for PRF that do not appear in our book for JVAL (44.0% of the fund), and 75 for JVAL that do not appear in PRF (12.5%).
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 JVAL | Weight in PRF | Difference |
|---|---|---|---|
| AAPLApple, Inc | 2.15% | 4.67% | 2.52% |
| GOOGLAlphabet Inc | 2.10% | 3.37% | 1.27% |
| MSFTMicrosoft Corp | 2.12% | 3.18% | 1.06% |
| METAMeta Platforms Inc | 2.43% | 2.10% | 0.33% |
| MUMicron Technology, Inc. | 2.17% | 0.66% | 1.51% |
| NVDANvidia Corp | 1.90% | 0.81% | 1.09% |
| JNJJohnson & Johnson - Common | 1.63% | 1.07% | 0.56% |
| AVGOBroadcom Inc | 1.80% | 0.54% | 1.26% |
| CVXChevron Corp | 0.75% | 1.35% | 0.60% |
| MRKMerck & Company Inc | 0.93% | 0.81% | 0.12% |
86.5% of JVAL 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, JVAL or PRF?
JVAL has an expense ratio of 0.12% while PRF charges 0.34%. JVAL is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, JVAL or PRF?
Over the past year JVAL returned +24.99% vs +25.61% for PRF, so PRF leads on 1-year performance. Over the longest common window we track (9 years), JVAL annualized +11.54% vs +12.33% for PRF. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JVAL or PRF?
JVAL has been the more volatile fund at 18.1% annualized versus 16.8% for PRF. Worst drawdown: JVAL -40.4% vs PRF -38.7%.
Should I hold both JVAL and PRF?
JVAL and PRF have a monthly-return correlation of 0.98, 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 JVAL and PRF?
86.5% of JVAL's money is in holdings PRF also owns. 52.2% of PRF's is in holdings JVAL also owns. They hold 310 positions in common, counted across the 393 positions we hold weights for in JVAL and 907 in PRF.
Which pays a higher dividend, JVAL or PRF?
JVAL yields 1.61% while PRF yields 1.36%, so JVAL currently pays the higher dividend yield.
Is PRF better than JVAL?
JVAL has a lower expense ratio. PRF led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. JVAL is less concentrated, with 18.6% 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.