PRCS vs VOO
Parnassus Core Select ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | PRCS | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.03% | |
| AUM | $183M | $997.4B | |
| Dividend Yield | 0.12% | 1.08% | |
| Holdings | 25 | 509 | |
| YTD Return | +9.88% | +14.27% | |
| 1Y Return | +13.01% | +21.79% | |
| 3Y Return (annualized) | - | +22.19% | |
| 5Y Return (annualized) | - | +13.28% | |
| Volatility (annualized) | 12.7% | 14.2% | |
| Max Drawdown | -18.2% | -34.3% | |
| Fund Family | Parnassus Investments | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 12, 2024 | Sep 7, 2010 |
PRCS vs VOO Performance
Parnassus Core Select ETF (PRCS) is a ETF from Parnassus Investments and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PRCS returned +13.01% while VOO returned +21.79%. Year to date, PRCS is up 9.88% versus a gain of 14.27% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% 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 -34.3% for VOO. 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PRCS charges 0.58% per year while VOO charges 0.03%. On a $10,000 position that is $58 vs $3 annually, a gap of $55 per year that compounds over a long holding period. On income, PRCS currently yields 0.12% against 1.08% for VOO.
Holdings Overlap
PRCS and VOO share 24 holdings out of 506 unique holdings combined, representing a 27.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PRCS or VOO?
PRCS has an expense ratio of 0.58% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $55 per year of difference.
Which performed better, PRCS or VOO?
Over the past year PRCS returned +13.01% vs +21.79% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), PRCS annualized +10.45% vs +13.59% for VOO. Past performance does not guarantee future results.
Which is riskier, PRCS or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 12.7% for PRCS. Worst drawdown: PRCS -18.2% vs VOO -34.3%.
Should I hold both PRCS and VOO?
PRCS and VOO have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PRCS and VOO?
PRCS and VOO share 24 common holdings with a 27.9% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, PRCS or VOO?
PRCS yields 0.12% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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