PRVS vs SPY
PRVS vs SPY
Parnassus Value Select ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. PRVS delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | PRVS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.09% | |
| AUM | $6M | $789.1B | |
| Dividend Yield | 0.51% | 1.01% | |
| Holdings | 28 | 505 | |
| YTD Return | +18.84% | +13.79% | |
| 1Y Return | +33.67% | +23.66% | |
| 3Y Return (annualized) | - | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 13.1% | 15.3% | |
| Max Drawdown | -17.6% | -56.5% | |
| Fund Family | Parnassus Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 12, 2024 | Jan 22, 1993 |
PRVS vs SPY Performance
Parnassus Value Select ETF (PRVS) is a ETF from Parnassus Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year PRVS returned +33.67% while SPY returned +23.66%. Year to date, PRVS is up 18.84% versus a gain of 13.79% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -17.6% for PRVS and -56.5% for SPY. 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
PRVS charges 0.59% per year while SPY charges 0.09%. On a $10,000 position that is $59 vs $9 annually, a gap of $50 per year that compounds over a long holding period. On income, PRVS currently yields 0.51% against 1.01% for SPY.
Holdings Overlap
PRVS and SPY share 23 holdings out of 507 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 PRVS | Weight in SPY | Difference |
|---|---|---|---|
| AMZN | 6.18% | 3.69% | 2.49% |
| MSFT | 4.89% | 4.43% | 0.46% |
| GOOGL | 5.98% | 3.32% | 2.66% |
| MU | Pro | Pro | Pro |
| AMAT | Pro | Pro | Pro |
| JPM:US | Pro | Pro | Pro |
| V | Pro | Pro | Pro |
| BAC | Pro | Pro | Pro |
| CMI | Pro | Pro | Pro |
| VZ | Pro | Pro | Pro |
See all 10 holdings PRVS shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, PRVS or SPY?
PRVS has an expense ratio of 0.59% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $50 per year of difference.
Which performed better, PRVS or SPY?
Over the past year PRVS returned +33.67% vs +23.66% for SPY, so PRVS leads on 1-year performance. Over the longest common window we track (2 years), PRVS annualized +20.03% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, PRVS or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 13.1% for PRVS. Worst drawdown: PRVS -17.6% vs SPY -56.5%.
Should I hold both PRVS and SPY?
PRVS and SPY 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 PRVS and SPY?
PRVS and SPY share 23 common holdings with a 20.9% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, PRVS or SPY?
PRVS yields 0.51% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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