IVV vs PRVS
iShares Core S&P 500 ETF vs Parnassus Value Select ETF
Which is better, IVV or PRVS?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. PRVS led over 1Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 48.7%.
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 | IVV | PRVS |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.59% |
| AUM | $876.4B | $6M |
| Dividend Yield | 1.06% | 0.50% |
| Holdings | 508 | 27 |
| YTD Return | +12.27% | +15.29%Best |
| 1Y Return | +17.04% | +23.31%Best |
| 3Y Return (annualized) | +21.24% | - |
| 5Y Return (annualized) | +13.08% | - |
| Volatility (annualized) | 12.7%Best | 13.1% |
| Max Drawdown | -18.8% | -17.6%Best |
| $10,000 over 1.8 years | $12,961 | $13,188Best |
| Top 10 Weight | 37.8%Best | 48.7% |
| Fund Family | iShares by BlackRock (US) | Parnassus Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| 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 17, 2026 (1.8 years).
IVV vs PRVS 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 PRVS Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Parnassus Value Select ETF (PRVS) is an ETF from Parnassus Investments. Over the past year IVV returned +17.04% while PRVS returned +23.31%. Year to date, IVV is up 12.27% versus a gain of 15.29% for PRVS.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PRVS has been the more volatile fund, with annualized monthly volatility of 13.1% compared with 12.7% for IVV. 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 -18.8% for IVV and -17.6% for PRVS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PRVS charges 0.59%. On a $10,000 position that is $3 vs $59 annually, a gap of $56 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.50% for PRVS.
Holdings Overlap
21.8% of IVV's money is in holdings PRVS also owns. 85.3% of PRVS's money is in holdings IVV also owns.
Most of PRVS is already inside IVV. Owning both mostly buys the same companies twice.
23 positions in common, counted across the 490 positions we hold weights for in IVV and 27 in PRVS, against full books of 508 and 27.
What only one of them owns
Our book lists 1 positions for PRVS that do not appear in our book for IVV (1.8% of the fund), and 459 for IVV that do not appear in PRVS (76.8%).
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 IVV | Weight in PRVS | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.69% | 6.90% | 1.21% |
| AMZNAmazon.Com Inc | 3.84% | 7.00% | 3.16% |
| GOOGLAlphabet Inc,class A | 3.00% | 4.60% | 1.60% |
| MUMicron Technology, Inc. | 1.63% | 4.50% | 2.87% |
| JPMJpmorgan Chase | 1.44% | 4.20% | 2.76% |
| VVisa Inc Class A | 0.95% | 3.90% | 2.95% |
| VZVerizon Communic | 0.32% | 4.50% | 4.18% |
| BACBank of America Corp.: Financials | 0.61% | 3.90% | 3.29% |
| KOCoca Cola Co. | 0.52% | 3.80% | 3.28% |
| SCHWSchwab Strategic T | 0.27% | 3.90% | 3.63% |
85.3% of PRVS 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 PRVS?
IVV has an expense ratio of 0.03% while PRVS charges 0.59%. IVV is the cheaper option, by $56 a year on a $10,000 investment.
Which performed better, IVV or PRVS?
Over the past year IVV returned +17.04% vs +23.31% for PRVS, so PRVS leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +15.50% vs +16.62% for PRVS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PRVS?
PRVS has been the more volatile fund at 13.1% annualized versus 12.7% for IVV. Worst drawdown: IVV -18.8% vs PRVS -17.6%.
Should I hold both IVV and PRVS?
IVV and PRVS have a monthly-return correlation of 0.81, 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 PRVS?
85.3% of PRVS's money is in holdings IVV also owns. 85.3% of PRVS's is in holdings IVV also owns. They hold 23 positions in common, counted across the 490 positions we hold weights for in IVV and 27 in PRVS.
Which pays a higher dividend, IVV or PRVS?
IVV yields 1.06% while PRVS yields 0.50%, so IVV currently pays the higher dividend yield.
Is PRVS better than IVV?
IVV has a lower expense ratio. PRVS led over 1Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 48.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.