PRFZ vs SCHK: Grades, Fees and Holdings Compared

Invesco RAFI US 1500 Small-Mid ETF

PRFZBNasdaq

Schwab 1000 Index ETF

SCHKANYSE Arca

Overlap

3.1%by weight

Expense ratio

SCHK −0.33pt a year

PRFZ0.36%SCHK0.03%

Avg volume · 30D

SCHK 11.4×the volume

PRFZ121KSCHK1.38M

5Y return · a year

SCHK +3.5pt

PRFZ+7.3%SCHK+10.8%

PRFZ vs SCHK Performance

Nov 9, 2021 – Nov 9, 2026

+42.0%PRFZ+66.8%SCHK

Expense ratio: PRFZ 0.36%; SCHK 0.03%, better
Fund size: PRFZ $2.6B; SCHK $5.53B
1Y total return: PRFZ +20.6%, better; SCHK +13.3%
Yield (12M): PRFZ 0.83%; SCHK 1.06%, better
Holdings: PRFZ 1479; SCHK 998
Avg volume (30D): PRFZ 121K sh; SCHK 1.38M sh, better
NAV per share: PRFZ $51.88; SCHK $35.34
52W range

ETF.net Grade

Pillar letters and Scores for PRFZ, SCHK, with each pillar’s weight
Pillar	PRFZ	SCHK
Cost30% weight	C41	A98Higher
Mission25% weight	A97	A100Higher
Risk15% weight	D38	B65Higher
Tradability15% weight	B68	A90Higher
Holdings10% weight	A89Higher	B58
Durability5% weight	A80Higher	B68

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. PRFZ and SCHK are both graded against the same 41 Other Major Indexes funds, so their Grades compare head to head.

Other Major Indexes⁠

Category · 41 funds

See all 41 ›

SCHK ranks 2nd and PRFZ 16th of 41 funds in the Other Major Indexes Category.

Rank 1ASPYVState Street SPDR Portfolio S&P 500 Value ETFScore 89
Rank 2ASCHKSchwab 1000 Index ETFScore 86
Rank 3APBUSInvesco MSCI USA ETFScore 83
Rank 16BONEQFidelity Nasdaq Composite Index ETFScore 65
Rank 16BPRFZInvesco RAFI US 1500 Small-Mid ETFScore 65
Rank 18BFINAFidelity MSCI North American Subset Index ETFScore 64

Our read on each fund

ETF.net Research

PRFZBInvesco RAFI US 1500 Small-Mid ETF

SCHKASchwab 1000 Index ETF

In short

PRFZ Fundamental indexing's small-cap veteran: since 2006, PRFZ has weighted holdings by book value, cash flow, sales and dividends instead of share price. That rulebook costs 0.36% a year, above the typical index wrapper.

SCHK Schwab's house-built alternative to the S&P 500: the 1,000 largest US companies in one passive wrapper, reaching past the mega-caps into mid-cap turf, priced at three basis points.

Stated mandate

PRFZ The fund is a passively managed index fund that seeks to track the investment results of its underlying index before fees and expenses.

SCHK The fund seeks to track the total return of the Schwab 1000 Index before fees and expenses.

Why people hold it

PRFZ Weight follows the business, not the ticker tape: book value, cash flow, sales and dividends set position sizes, and the index is rebuilt once a year.invesco.com invesco.com 2
Casts a wide net, holding about 1,500 names picked from the companies ranked 1,001 to 2,500 by fundamental size in a 3,000-stock universe.invesco.com
Trading since 2006 and now a multi-billion-dollar fund, with Research Affiliates itself taking over as index provider in 2025.sec.gov
Does what the label says: a passive fund that normally keeps at least 90% of assets in its index constituents, and it sits in the stronger half of its peer group.sec.gov

SCHK 0.03% a year, the lowest fee among the top-scoring funds in its index-wrapper group and a small fraction of what the typical fund there charges.
About 1,000 stocks covering roughly 90% or more of US stock market value: the S&P 500 names plus a layer of mid caps most large-blend funds skip.schwabassetmanagement.com
Tracks its stated index tightly and stands among the strongest implementations in its peer group of plain index wrappers.
A multi-billion-dollar fund that trades actively and pays distributions quarterly.

Worth knowing

PRFZ The rulebook is not cheap: 0.36% a year, no waiver, above the category norm, against 0.03% for a plain cap-weighted tracker like SCHK.
Weights reset only at the annual reconstitution, so in between the portfolio drifts with prices like any other index fund.invesco.com
Sizing by fundamentals tilts toward cheaper, dividend-paying companies, so the fund can behave quite differently from a cap-weighted small-cap index.invesco.com lseg.com

SCHK Weighted by market value, so the biggest US companies drive the bulk of results. Those extra 500 names carry less weight than the headcount suggests.schwabassetmanagement.com
All-US, all-equity by mandate: no bonds, no foreign stocks, and it rides the full swings of the US market.
The benchmark is Schwab's own proprietary index, so there is no rival fund on the identical yardstick for a side-by-side comparison.

Full PRFZ profile⁠

Full SCHK profile⁠

PRFZ vs SCHK Holdings

How PRFZ and SCHK differ

Overlap by weight

3.1%

Shared holdings make up 29.0% of PRFZ and 3.3% of SCHK.

Level by level

Holdings210 in both3.1%
Sector11 Sectors76.4%
Countryby domicile99.1%
Asset classStocks100%

Sector

Sector weights in PRFZ and SCHK, widest gap first
Sector	Gap	PRFZ	SCHK
Technology	SCHK +15.7 points	19.8%	35.5%
Health Care	PRFZ +7.5 points	18.4%	10.8%
Industrials	PRFZ +5.6 points	14.1%	8.5%
Communication	SCHK +5.5 points	2.9%	8.4%
Real Estate	PRFZ +4.1 points	6.3%	2.2%
Financials	PRFZ +1.9 points	14.5%	12.6%
Energy	PRFZ +1.7 points	5.4%	3.7%
Consumer Discretionary	PRFZ +1.5 points	11.1%	9.6%
Consumer Staples	SCHK +1.6 points	3.3%	4.9%
Materials	PRFZ +1.1 points	3.0%	1.9%
Utilities	SCHK +0.8 points	1.3%	2.1%

Country, concentration and asset class

Country by domicile

Country weights in PRFZ and SCHK, widest gap first
Country	Gap	PRFZ	SCHK
United States	SCHK +0.5 points	98.9%	99.4%
United Kingdom	PRFZ +0.4 points	0.5%	0.1%
Switzerland	SCHK +0.3 points	0.0%	0.3%
Brazil	PRFZ +0.2 points	0.2%	0.0%
China	SCHK +0.1 points	0.0%	0.1%
Taiwan	PRFZ +0.1 points	0.1%	0.0%
Singapore	PRFZ +0.1 points	0.1%	0.0%
Greece	PRFZ +0.1 points	0.1%	0.0%
Other countries (8)	Same weight	0.1%	0.1%

Concentration

Weight in the 10 largest Holdings

PRFZ3.8%
SCHK34.7%

Securities held

PRFZ1,478
SCHK997

Asset class

PRFZ: Stocks
SCHK: Stocks

Holdings

Only in PRFZ1,268
In both210
Only in SCHK787

Only in PRFZ

1,268 securities, 71.0% of PRFZ by weight

Cracker Barrel Old Country Store Inc0.36%
Crescent Energy Co0.35%
Iridium Communications Inc0.34%
Trex Co Inc0.34%
Haemonetics Corp0.32%
Par Pacific Holdings Inc0.31%
GRAIL Inc0.31%
Cavco Industries Inc0.30%
ExlService Holdings Inc0.29%
CCC Intelligent Solutions Holdings Inc0.28%
Commvault Systems Inc0.28%
Integer Holdings Corp0.28%
Champion Homes Inc0.28%
RXO Inc0.28%
GEO Group Inc/The0.27%
Itron Inc0.27%
Iovance Biotherapeutics Inc0.26%
Northern Oil & Gas Inc0.26%
BILL Holdings Inc0.26%
International Seaways Inc0.26%
Globant SA0.25%
Box Inc0.25%
ACI Worldwide Inc0.25%
RingCentral Inc0.24%
Granite Construction Inc0.24%
LivaNova PLC0.24%
ICU Medical Inc0.24%
Wendy's Co/The0.23%
Pebblebrook Hotel Trust0.23%
Scotts Miracle-Gro Co/The0.23%
Callaway Golf Co0.22%
Texas Capital Bancshares Inc0.22%
Fulton Financial Corp0.21%
Kontoor Brands Inc0.21%
UniFirst Corp/MA0.21%
Covista Inc0.21%
Eastern Bankshares Inc0.21%
Outfront Media Inc0.21%
Independence Realty Trust Inc0.20%
Hilton Grand Vacations Inc0.20%
Boston Beer Co Inc/The0.20%
MaxLinear Inc0.20%
Insperity Inc0.20%
Tutor Perini Corp0.20%
Merit Medical Systems Inc0.20%
YETI Holdings Inc0.19%
CareDx Inc0.19%
MDU Resources Group Inc0.19%
Brink's Co/The0.19%
Frontdoor Inc0.19%

Only in SCHK

787 securities, 96.7% of SCHK by weight

Apple7.25%
NVIDIA6.56%
Microsoft5.72%
Amazon Com Inc3.70%
Alphabet Class A2.42%
Broadcom Inc2.03%
Alphabet Class C1.96%
Meta Platforms Class A1.96%
Eli Lilly1.57%
Berkshire Hathaway Inc Class B1.55%
Tesla Inc1.47%
JPMorgan Chase1.29%
Micron Technology1.13%
Advanced Micro Devices1.07%
Visa Class A1.05%
Exxonmobil Holdings Corp0.99%
Johnson & Johnson0.97%
Walmart0.81%
Mastercard Class A0.77%
AbbVie0.75%
Costco Wholesale Corp0.68%
Chevron0.61%
Procter & Gamble0.56%
Coca-Cola0.54%
Cisco Systems Inc0.54%
Palantir Technologies Class A0.54%
Merck & Co Inc0.53%
UnitedHealth Group0.51%
Home Depot0.50%
Ge Aerospace0.49%
Bank of America0.47%
Philip Morris International0.45%
Intel Corporation Corp0.41%
Applied Material Inc0.38%
Netflix0.38%
Thermo Fisher Scientific0.37%
Caterpillar Inc0.37%
Palo Alto Networks0.37%
Rtx0.37%
Wells Fargo0.37%
Texas Instrument0.37%
Goldman Sachs Group0.37%
Lam Research0.36%
Amgen Inc0.36%
Linde PLC0.35%
International Business Machines Co0.34%
Oracle0.33%
Crowdstrike Holdings Class A0.32%
Morgan Stanley0.31%
Ge Vernova0.30%

Weight gaps

The 100 widest of 210 Holdings in both funds.

Holding weights in PRFZ and SCHK, widest gap first
Holding	Gap	PRFZ	SCHK
SharkNinja IncSN	PRFZ +0.46 points	0.49%	0.03%
Paycom Software IncPAYC	PRFZ +0.41 points	0.42%	0.01%
Docusign IncDOCU	PRFZ +0.41 points	0.43%	0.02%
Roivant Sciences LtdROIV	PRFZ +0.33 points	0.36%	0.03%
H&R Block IncHRB	PRFZ +0.33 points	0.34%	<0.01%
Bio-Techne CorpTECH	PRFZ +0.32 points	0.34%	0.02%
Manhattan Associates IncMANH	PRFZ +0.33 points	0.35%	0.02%
10X Genomics IncTXG	PRFZ +0.32 points	0.33%	0.01%
ATI IncATI	PRFZ +0.29 points	0.32%	0.03%
Qualys IncQLYS	PRFZ +0.28 points	0.29%	<0.01%
Tradeweb Markets IncTW	PRFZ +0.28 points	0.30%	0.02%
Halozyme Therapeutics IncHALO	PRFZ +0.27 points	0.29%	0.02%
Credit Acceptance CorpCACC	PRFZ +0.27 points	0.27%	<0.01%
UMB Financial CorpUMBF	PRFZ +0.27 points	0.28%	0.01%
Watts Water Technologies IncWTS	PRFZ +0.27 points	0.28%	0.01%
Toast IncTOST	PRFZ +0.25 points	0.28%	0.03%
RLI CorpRLI	PRFZ +0.25 points	0.26%	<0.01%
HealthEquity IncHQY	PRFZ +0.26 points	0.27%	0.01%
Compass IncCOMP	PRFZ +0.25 points	0.26%	0.01%
Dynatrace IncDT	PRFZ +0.25 points	0.27%	0.02%
Victory Capital Holdings IncVCTR	PRFZ +0.25 points	0.26%	<0.01%
MarketAxess Holdings IncMKTX	PRFZ +0.24 points	0.25%	<0.01%
Churchill Downs IncCHDN	PRFZ +0.24 points	0.25%	<0.01%
Revolution Medicines IncRVMD	PRFZ +0.24 points	0.30%	0.06%
Erie Indemnity CoERIE	PRFZ +0.24 points	0.25%	0.01%
Atlantic Union Bankshares CorpAUB	PRFZ +0.23 points	0.24%	<0.01%
Guidewire Software IncGWRE	PRFZ +0.23 points	0.25%	0.02%
Ensign Group Inc/TheENSG	PRFZ +0.23 points	0.25%	0.01%
HubSpot IncHUBS	PRFZ +0.23 points	0.24%	0.01%
Viavi Solutions IncVIAV	PRFZ +0.22 points	0.23%	0.01%
Terreno Realty CorpTRNO	PRFZ +0.22 points	0.23%	0.01%
Lantheus Holdings IncLNTH	PRFZ +0.22 points	0.23%	<0.01%
Hyatt Hotels CorpH	PRFZ +0.22 points	0.23%	0.01%
Enova International IncENVA	PRFZ +0.21 points	0.22%	<0.01%
Sensient Technologies CorpSXT	PRFZ +0.21 points	0.22%	<0.01%
Morningstar IncMORN	PRFZ +0.20 points	0.21%	<0.01%
Essential Properties Realty Trust IncEPRT	PRFZ +0.20 points	0.21%	<0.01%
Armstrong World Industries IncAWI	PRFZ +0.20 points	0.21%	0.01%
Repligen CorpRGEN	PRFZ +0.19 points	0.21%	0.02%
Vaxcyte IncPCVX	PRFZ +0.20 points	0.21%	0.01%
ROBLOX CorpRBLX	PRFZ +0.19 points	0.24%	0.05%
Ryman Hospitality Properties IncRHP	PRFZ +0.20 points	0.21%	0.01%
BrightSpring Health Services IncBTSG	PRFZ +0.19 points	0.21%	0.02%
MongoDB IncMDB	PRFZ +0.19 points	0.23%	0.04%
MSA Safety IncMSA	PRFZ +0.19 points	0.20%	<0.01%
RBC Bearings IncRBC	PRFZ +0.19 points	0.21%	0.02%
Lineage IncLINE	PRFZ +0.19 points	0.19%	<0.01%
Corcept Therapeutics IncCORT	PRFZ +0.19 points	0.20%	0.01%
Ameris BancorpABCB	PRFZ +0.18 points	0.19%	<0.01%
American Healthcare REIT IncAHR	PRFZ +0.18 points	0.20%	0.02%
Nutanix IncNTNX	PRFZ +0.19 points	0.21%	0.02%
Federal Signal CorpFSS	PRFZ +0.18 points	0.19%	0.01%
Valaris LtdVAL	PRFZ +0.18 points	0.19%	<0.01%
Natera IncNTRA	PRFZ +0.18 points	0.24%	0.06%
GLOBALFOUNDRIES IncGFS	PRFZ +0.17 points	0.18%	<0.01%
Onto Innovation IncONTO	PRFZ +0.18 points	0.19%	0.01%
Archrock IncAROC	PRFZ +0.17 points	0.18%	<0.01%
Advanced Energy Industries IncAEIS	PRFZ +0.18 points	0.19%	0.01%
Dillard's IncDDS	PRFZ +0.17 points	0.17%	<0.01%
Zurn Elkay Water Solutions CorpZWS	PRFZ +0.17 points	0.18%	<0.01%
SentinelOne IncS	PRFZ +0.17 points	0.18%	0.01%
BOK Financial CorpBOKF	PRFZ +0.17 points	0.17%	<0.01%
Elastic NVESTC	PRFZ +0.17 points	0.18%	0.01%
Lattice Semiconductor CorpLSCC	PRFZ +0.17 points	0.19%	0.02%
UiPath IncPATH	PRFZ +0.16 points	0.17%	<0.01%
InterDigital IncIDCC	PRFZ +0.17 points	0.18%	0.01%
JBT Marel CorpJBTM	PRFZ +0.17 points	0.18%	<0.01%
Installed Building Products IncIBP	PRFZ +0.16 points	0.17%	<0.01%
Oscar Health IncOSCR	PRFZ +0.16 points	0.17%	0.01%
TPG IncTPG	PRFZ +0.16 points	0.17%	<0.01%
PTC Therapeutics IncPTCT	PRFZ +0.16 points	0.17%	<0.01%
Procore Technologies IncPCOR	PRFZ +0.16 points	0.17%	0.01%
Ormat Technologies IncORA	PRFZ +0.16 points	0.17%	<0.01%
CareTrust REIT IncCTRE	PRFZ +0.16 points	0.17%	0.01%
Enpro IncNPO	PRFZ +0.15 points	0.16%	<0.01%
Ionis Pharmaceuticals IncIONS	PRFZ +0.15 points	0.16%	<0.01%
TTM Technologies IncTTMI	PRFZ +0.15 points	0.16%	0.01%
Aurora Innovation IncAUR	PRFZ +0.15 points	0.16%	<0.01%
Nextpower IncNXT	PRFZ +0.15 points	0.17%	0.02%
FormFactor IncFORM	PRFZ +0.15 points	0.16%	<0.01%
Life Time Group Holdings IncLTH	PRFZ +0.15 points	0.16%	0.01%
Twist Bioscience CorpTWST	PRFZ +0.15 points	0.16%	0.01%
Pilgrim's Pride CorpPPC	PRFZ +0.14 points	0.14%	<0.01%
Paylocity Holding CorpPCTY	PRFZ +0.14 points	0.15%	0.01%
Carpenter Technology CorpCRS	PRFZ +0.14 points	0.16%	0.02%
American Airlines Group IncAAL	PRFZ +0.14 points	0.15%	0.01%
Casella Waste Systems IncCWST	PRFZ +0.13 points	0.14%	<0.01%
Rambus IncRMBS	PRFZ +0.14 points	0.15%	0.01%
Penumbra IncPEN	PRFZ +0.13 points	0.15%	0.02%
elf Beauty IncELF	PRFZ +0.13 points	0.14%	<0.01%
Medpace Holdings IncMEDP	PRFZ +0.14 points	0.16%	0.02%
Texas Pacific Land CorpTPL	PRFZ +0.13 points	0.15%	0.02%
DraftKings IncDKNG	PRFZ +0.13 points	0.14%	0.01%
Glaukos CorpGKOS	PRFZ +0.13 points	0.15%	0.02%
Hecla Mining CoHL	PRFZ +0.13 points	0.14%	0.01%
Kinsale Capital Group IncKNSL	PRFZ +0.13 points	0.14%	0.01%
Wayfair IncW	PRFZ +0.12 points	0.14%	0.02%
Semtech CorpSMTC	PRFZ +0.13 points	0.14%	0.01%
Insulet CorpPODD	PRFZ +0.13 points	0.14%	0.01%
StandardAero IncSARO	PRFZ +0.12 points	0.13%	<0.01%

All 1,479 PRFZ holdings⁠All 1,000 SCHK holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

PRFZ vs SCHK Cost

Overpaying PRFZ vs SCHK

$6,682

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

PRFZ 0.36%
$7,320
SCHK 0.03%
$638

Amount$10,000

Years30 years

Cost over time

PRFZ 0.36%
SCHK 0.03%
Overpaying

Year by year

Year	PRFZ	SCHK	Overpaying
10	$652	$55	$597
20	$2,522	$216	$2,306
30	$7,320	$638	$6,682

Expense ratio

0.36%PRFZ
0.03%SCHK, cheaper

SCHK0.03%PRFZ0.36%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

SCHK cheapest of 41 funds

PRFZ 25th cheapest of 41 funds

PRFZ vs SCHK Dividends

Last 12 months to Nov 9, 2026

Yield (12M): PRFZ 0.83%; SCHK 1.06%, better
Payout (12M): PRFZ $0.44; SCHK $0.38
Last payment: PRFZ $0.13; SCHK $0.10
Ex-dividend: PRFZ Sep 21, 2026; SCHK Sep 23, 2026
Paid on: PRFZ Sep 25, 2026; SCHK Sep 28, 2026
Frequency: PRFZ Quarterly; SCHK Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

PRFZQuarterly · 39 paymentsAll PRFZ payments⁠

SCHKQuarterly · 39 paymentsAll SCHK payments⁠

PRFZ vs SCHK Risk

Fall from peak · 5 years

PRFZ
SCHK

Risk facts

VolatilityStd dev, 3 years: PRFZ 18.1%SCHK 12.6%, better
Return per unit of riskSharpe ratio, 3 years: PRFZ 0.91SCHK 1.39, better
Worst fallMax drawdown, 5 years: PRFZ −26.5%SCHK −25.4%, better
Market sensitivityBeta, 5 years: PRFZ 1.10SCHK 1.02; Market = 1

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