IVV vs PRCS
iShares Core S&P 500 ETF vs Parnassus Core Select ETF
Which is better, IVV or PRCS?
Large Cap Blend against Large Cap Growth.
IVV has a lower expense ratio. IVV led over 1Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 59.1%.
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 | IVV | PRCS |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.58% |
| AUM | $876.4B | $182M |
| Dividend Yield | 1.06% | 0.12% |
| Holdings | 508 | 25 |
| YTD Return | +13.32%Best | +6.98% |
| 1Y Return | +17.08%Best | +10.07% |
| 3Y Return (annualized) | +22.72% | - |
| 5Y Return (annualized) | +13.20% | - |
| Volatility (annualized) | 12.6%Tie | 12.6%Tie |
| Max Drawdown | -18.8% | -18.2%Best |
| $10,000 over 1.8 years | $13,052Best | $11,511 |
| Top 10 Weight | 37.8%Best | 59.1% |
| Fund Family | iShares by BlackRock (US) | Parnassus Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | May 15, 2000 | Dec 12, 2024 |
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Dec 12, 2024 to Sep 23, 2026 (1.8 years).
IVV vs PRCS 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 1.8 years both funds cover.
IVV vs PRCS Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Parnassus Core Select ETF (PRCS) is an ETF from Parnassus Investments. Over the past year IVV returned +17.08% while PRCS returned +10.07%. Year to date, IVV is up 13.32% versus a gain of 6.98% for PRCS.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV and PRCS have been equally volatile, both at 12.6% annualized.
The deepest peak-to-trough decline in our data was -18.8% for IVV and -18.2% for PRCS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. 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 1.06% against 0.12% for PRCS.
Holdings Overlap
36.1% of IVV's money is in holdings PRCS also owns. 99.5% of PRCS's money is in holdings IVV also owns.
Most of PRCS is already inside IVV. Owning both mostly buys the same companies twice.
26 positions in common, counted across the 490 positions we hold weights for in IVV and 26 in PRCS, against full books of 508 and 25.
What only one of them owns
Measured across the 490 and 26 positions we hold weights for.
IVV holds 456 positions PRCS does not, 62.5% of the fund.
Largest: GOOG 2.39%, META 1.90%, MU 1.63%, TSLA 1.56%, JPM 1.44%
Top Shared Holdings
| Stock | Weight in IVV | Weight in PRCS | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.69% | 10.80% | 5.11% |
| NVDANvidia Corp | 8.07% | 8.10% | 0.03% |
| GOOGLAlphabet Inc,class A | 3.00% | 7.90% | 4.90% |
| AAPLApple, Inc | 7.02% | 3.80% | 3.22% |
| AMZNAmazon.Com Inc | 3.84% | 6.60% | 2.76% |
| DHRDanaher Corporation | 0.20% | 5.50% | 5.30% |
| AMATApplied Materials, Inc. | 0.55% | 4.30% | 3.75% |
| DEDeere & Co Sedol 2261203 | 0.25% | 4.60% | 4.35% |
| AVGOBroadcom Inc | 2.65% | 1.80% | 0.85% |
| WMWaste Mgmt | 0.12% | 4.20% | 4.08% |
99.5% of PRCS is already inside IVV.
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, IVV or PRCS?
IVV has an expense ratio of 0.03% while PRCS charges 0.58%. IVV is the cheaper option, by $55 a year on a $10,000 investment.
Which performed better, IVV or PRCS?
Over the past year IVV returned +17.08% vs +10.07% for PRCS, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +15.95% vs +8.13% for PRCS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PRCS?
IVV and PRCS have been equally volatile, both at 12.6% annualized. Worst drawdown: IVV -18.8% vs PRCS -18.2%.
Should I hold both IVV and PRCS?
IVV and PRCS have a monthly-return correlation of 0.87, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and PRCS?
99.5% of PRCS's money is in holdings IVV also owns. 99.5% of PRCS's is in holdings IVV also owns. They hold 26 positions in common, counted across the 490 positions we hold weights for in IVV and 26 in PRCS.
Which pays a higher dividend, IVV or PRCS?
IVV yields 1.06% while PRCS yields 0.12%, so IVV currently pays the higher dividend yield.
Is PRCS better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 59.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.