IVV vs PRCS
iShares Core S&P 500 ETF vs Parnassus Core Select ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | PRCS | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.58% | |
| AUM | $886.7B | $182M | |
| Dividend Yield | 1.10% | 0.12% | |
| Holdings | 508 | 25 | |
| YTD Return | +13.86% | +9.63% | |
| 1Y Return | +21.57% | +13.57% | |
| 3Y Return (annualized) | +21.48% | - | |
| 5Y Return (annualized) | +12.88% | - | |
| Volatility (annualized) | 15.1% | 12.4% | |
| Max Drawdown | -56.5% | -18.2% | |
| Fund Family | iShares by BlackRock (US) | Parnassus Investments | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 12, 2024 |
IVV vs PRCS Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Parnassus Core Select ETF (PRCS) is a ETF from Parnassus Investments. Over the past year IVV returned +21.57% while PRCS returned +13.57%. Year to date, IVV is up 13.86% versus a gain of 9.63% for PRCS.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.4% for PRCS. 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 -56.5% for IVV and -18.2% for PRCS. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PRCS charges 0.58%. On a $10,000 position that is $3 vs $58 annually, a gap of $55 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.12% for PRCS.
Holdings Overlap
IVV and PRCS share 26 holdings out of 505 unique holdings combined, representing a 31.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or PRCS?
IVV has an expense ratio of 0.03% while PRCS charges 0.58%. IVV is the cheaper option. On a $10,000 investment, that is $55 per year of difference.
Which performed better, IVV or PRCS?
Over the past year IVV returned +21.57% vs +13.57% for PRCS, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.03% vs +9.95% for PRCS. Past performance does not guarantee future results.
Which is riskier, IVV or PRCS?
IVV has been the more volatile fund at 15.1% annualized versus 12.4% for PRCS. Worst drawdown: IVV -56.5% vs PRCS -18.2%.
Should I hold both IVV and PRCS?
IVV and PRCS have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PRCS?
IVV and PRCS share 26 common holdings with a 31.5% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, IVV or PRCS?
IVV yields 1.10% while PRCS yields 0.12%, so IVV currently pays the higher dividend yield.
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