Invesco RAFI US 1000 ETF (PRF) — Stock Correlations & Overview
Over the past year, PRF has moved most closely with FNDX, FNDB, BVAL. Explore the stocks most correlated and inversely correlated with PRF below, along with its price, financials, and company profile.
Stocks correlated with PRF
Correlation of daily returns. Higher positive values move with PRF; negative values move opposite it. Informational only, not investment advice.
Most correlated with PRF
| Symbol | Company | Correlation |
|---|---|---|
| FNDX | Schwab Fundamental U.S. Large Company ETF | 0.99 |
| FNDB | Schwab Fundamental U.S. Broad Market ETF | 0.98 |
| BVAL | Bluemonte Large Cap Value ETF | 0.97 |
| VLU | State Street SPDR S&P 1500 Value Tilt ETF | 0.97 |
| IUS | Invesco Exchange-Traded Self-Indexed Fund Trust Invesco RAFI Strategic US ETF | 0.96 |
Frequently asked questions about PRF correlations
- Which stocks are most correlated with PRF?
- Based on one year of daily returns, the stocks most correlated with Invesco RAFI US 1000 ETF (PRF) are FNDX (0.99), FNDB (0.98) and BVAL (0.97). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with PRF?
- Over the past year, the stocks most inversely correlated with Invesco RAFI US 1000 ETF (PRF) are SMDD (-0.88), MZZ (-0.88) and SDOW (-0.88). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these PRF correlations calculated?
- We compute the correlation of daily returns between PRF and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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