IVV vs PRVS
IVV vs PRVS
iShares Core S&P 500 ETF vs Parnassus Value Select ETF
Quick Verdict
IVV has a lower expense ratio. PRVS delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | PRVS | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.59% | |
| AUM | $865.2B | $6M | |
| Dividend Yield | 1.09% | 0.51% | |
| Holdings | 508 | 28 | |
| YTD Return | +13.80% | +18.84% | |
| 1Y Return | +23.70% | +33.67% | |
| 3Y Return (annualized) | +21.49% | - | |
| 5Y Return (annualized) | +13.43% | - | |
| Volatility (annualized) | 15.1% | 13.1% | |
| Max Drawdown | -56.5% | -17.6% | |
| Fund Family | iShares by BlackRock (US) | Parnassus Investments | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 12, 2024 |
IVV vs PRVS Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Parnassus Value Select ETF (PRVS) is a ETF from Parnassus Investments. Over the past year IVV returned +23.70% while PRVS returned +33.67%. Year to date, IVV is up 13.80% versus a gain of 18.84% for PRVS.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.1% for PRVS. 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 -17.6% for PRVS. 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 0.81. 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 1.09% against 0.51% for PRVS.
Holdings Overlap
IVV and PRVS share 23 holdings out of 509 unique holdings combined, representing a 20.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in PRVS | Difference |
|---|---|---|---|
| AMZN | 3.75% | 6.18% | 2.43% |
| MSFT | 4.57% | 4.89% | 0.32% |
| GOOGL | 3.15% | 5.98% | 2.83% |
| MU | Pro | Pro | Pro |
| JPM:US | Pro | Pro | Pro |
| AMAT | Pro | Pro | Pro |
| V | Pro | Pro | Pro |
| BAC | Pro | Pro | Pro |
| VZ | Pro | Pro | Pro |
| CMI | Pro | Pro | Pro |
See all 10 holdings IVV shares with PRVS Exact weights in each fund and the difference, for every overlapping position. X-ray my whole portfolio$99/yr Pro · 7-day refund | |||
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. On a $10,000 investment, that is $56 per year of difference.
Which performed better, IVV or PRVS?
Over the past year IVV returned +23.70% vs +33.67% for PRVS, so PRVS leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.05% vs +20.03% for PRVS. Past performance does not guarantee future results.
Which is riskier, IVV or PRVS?
IVV has been the more volatile fund at 15.1% annualized versus 13.1% for PRVS. Worst drawdown: IVV -56.5% vs PRVS -17.6%.
Should I hold both IVV and PRVS?
IVV and PRVS have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PRVS?
IVV and PRVS share 23 common holdings with a 20.9% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, IVV or PRVS?
IVV yields 1.09% while PRVS yields 0.51%, so IVV currently pays the higher dividend yield.
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