PRCS vs SPY
Parnassus Core Select ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, PRCS or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY 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 | PRCS | SPY |
|---|---|---|
| Expense Ratio | 0.58% | 0.09%Best |
| AUM | $182M | $804.7B |
| Dividend Yield | 0.12% | 0.98% |
| Holdings | 25 | 505 |
| YTD Return | +6.98% | +12.99%Best |
| 1Y Return | +10.07% | +16.73%Best |
| 3Y Return (annualized) | - | +22.52% |
| 5Y Return (annualized) | - | +13.07% |
| Volatility (annualized) | 12.6%Tie | 12.6%Tie |
| Max Drawdown | -18.2%Best | -18.8% |
| $10,000 over 1.8 years | $11,511 | $13,006Best |
| Top 10 Weight | 59.1% | 37.8%Best |
| Fund Family | Parnassus Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Dec 12, 2024 | Jan 22, 1993 |
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).
PRCS vs SPY 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.
PRCS vs SPY Performance
Parnassus Core Select ETF (PRCS) is an ETF from Parnassus Investments and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year PRCS returned +10.07% while SPY returned +16.73%. Year to date, PRCS is up 6.98% versus a gain of 12.99% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PRCS and SPY have been equally volatile, both at 12.6% annualized.
The deepest peak-to-trough decline in our data was -18.2% for PRCS and -18.8% for SPY. 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
PRCS charges 0.58% per year while SPY charges 0.09%. On a $10,000 position that is $58 vs $9 annually, a gap of $49 per year that compounds over a long holding period. On income, PRCS currently yields 0.12% against 0.98% for SPY.
Holdings Overlap
99.5% of PRCS's money is in holdings SPY also owns. 36.2% of SPY's money is in holdings PRCS also owns.
Most of PRCS is already inside SPY. Owning both mostly buys the same companies twice.
26 positions in common, counted across the 26 positions we hold weights for in PRCS and 504 in SPY, against full books of 25 and 505.
What only one of them owns
Measured across the 26 and 504 positions we hold weights for.
SPY holds 471 positions PRCS does not, 63.1% of the fund.
Largest: GOOG 2.39%, META 1.93%, MU 1.60%, TSLA 1.52%, JPM 1.45%
Top Shared Holdings
| Stock | Weight in PRCS | Weight in SPY | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 10.80% | 5.66% | 5.14% |
| NVDANvidia Corp | 8.10% | 8.01% | 0.09% |
| AAPLApple, Inc | 3.80% | 7.26% | 3.46% |
| GOOGLAlphabet Inc,class A | 7.90% | 2.99% | 4.91% |
| AMZNAmazon.Com Inc | 6.60% | 3.79% | 2.81% |
| DHRDanaher Corporation | 5.50% | 0.20% | 5.30% |
| DEDeere & Co Sedol 2261203 | 4.60% | 0.26% | 4.34% |
| AMATApplied Materials, Inc. | 4.30% | 0.53% | 3.77% |
| AVGOBroadcom Inc | 1.80% | 2.66% | 0.86% |
| WMWaste Mgmt | 4.20% | 0.12% | 4.08% |
99.5% of PRCS is already inside SPY.
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, PRCS or SPY?
PRCS has an expense ratio of 0.58% while SPY charges 0.09%. SPY is the cheaper option, by $49 a year on a $10,000 investment.
Which performed better, PRCS or SPY?
Over the past year PRCS returned +10.07% vs +16.73% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), PRCS annualized +8.13% vs +15.72% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PRCS or SPY?
PRCS and SPY have been equally volatile, both at 12.6% annualized. Worst drawdown: PRCS -18.2% vs SPY -18.8%.
Should I hold both PRCS and SPY?
PRCS and SPY 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 PRCS and SPY?
99.5% of PRCS's money is in holdings SPY also owns. 36.2% of SPY's is in holdings PRCS also owns. They hold 26 positions in common, counted across the 26 positions we hold weights for in PRCS and 504 in SPY.
Which pays a higher dividend, PRCS or SPY?
PRCS yields 0.12% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than PRCS?
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY 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.