PRCS vs SCHD
Parnassus Core Select ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | PRCS | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.06% | |
| AUM | $183M | $108.7B | |
| Dividend Yield | 0.12% | 3.13% | |
| Holdings | 25 | 104 | |
| YTD Return | +9.88% | +26.54% | |
| 1Y Return | +13.01% | +30.90% | |
| 3Y Return (annualized) | - | +16.29% | |
| 5Y Return (annualized) | - | +9.65% | |
| Volatility (annualized) | 12.7% | 13.6% | |
| Max Drawdown | -18.2% | -33.4% | |
| Fund Family | Parnassus Investments | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Dec 12, 2024 | Oct 20, 2011 |
PRCS vs SCHD Performance
Parnassus Core Select ETF (PRCS) is a ETF from Parnassus Investments and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PRCS returned +13.01% while SCHD returned +30.90%. Year to date, PRCS is up 9.88% versus a gain of 26.54% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 12.7% 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 -18.2% for PRCS and -33.4% for SCHD. 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 0.20. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PRCS charges 0.58% per year while SCHD charges 0.06%. On a $10,000 position that is $58 vs $6 annually, a gap of $52 per year that compounds over a long holding period. On income, PRCS currently yields 0.12% against 3.13% for SCHD.
Holdings Overlap
PRCS and SCHD share 1 holdings out of 124 unique holdings combined, representing a 3.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PRCS | Weight in SCHD | Difference |
|---|---|---|---|
| HD | 3.00% | 4.32% | 1.32% |
Frequently Asked Questions
Which is cheaper, PRCS or SCHD?
PRCS has an expense ratio of 0.58% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, PRCS or SCHD?
Over the past year PRCS returned +13.01% vs +30.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), PRCS annualized +10.45% vs +11.51% for SCHD. Past performance does not guarantee future results.
Which is riskier, PRCS or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 12.7% for PRCS. Worst drawdown: PRCS -18.2% vs SCHD -33.4%.
Should I hold both PRCS and SCHD?
PRCS and SCHD have a monthly-return correlation of 0.20, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PRCS and SCHD?
PRCS and SCHD share 1 common holdings with a 3.0% weight overlap. Combined, they hold 124 unique securities.
Which pays a higher dividend, PRCS or SCHD?
PRCS yields 0.12% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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