PRVS vs SPY
Parnassus Value Select ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, PRVS or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. PRVS led over 1Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 48.7%.
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 | PRVS | SPY |
|---|---|---|
| Expense Ratio | 0.59% | 0.09%Best |
| AUM | $6M | $804.7B |
| Dividend Yield | 0.50% | 0.98% |
| Holdings | 27 | 505 |
| YTD Return | +15.29%Best | +12.22% |
| 1Y Return | +23.31%Best | +16.97% |
| 3Y Return (annualized) | - | +21.16% |
| 5Y Return (annualized) | - | +13.00% |
| Volatility (annualized) | 13.1% | 12.7%Best |
| Max Drawdown | -17.6%Best | -18.8% |
| $10,000 over 1.8 years | $13,188Best | $12,947 |
| Top 10 Weight | 48.7% | 37.8%Best |
| Fund Family | Parnassus Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | 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 17, 2026 (1.8 years).
PRVS 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.
PRVS vs SPY Performance
Parnassus Value Select ETF (PRVS) 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 PRVS returned +23.31% while SPY returned +16.97%. Year to date, PRVS is up 15.29% versus a gain of 12.22% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PRVS has been the more volatile fund, with annualized monthly volatility of 13.1% compared with 12.7% for SPY. 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 -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 0.81. 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 0.50% against 0.98% for SPY.
Holdings Overlap
85.3% of PRVS's money is in holdings SPY also owns. 21.7% of SPY's money is in holdings PRVS also owns.
Most of PRVS is already inside SPY. Owning both mostly buys the same companies twice.
23 positions in common, counted across the 27 positions we hold weights for in PRVS and 504 in SPY, against full books of 27 and 505.
What only one of them owns
Our book lists 474 positions for SPY that do not appear in our book for PRVS (77.7% of the fund), and 1 for PRVS that do not appear in SPY (1.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in PRVS | Weight in SPY | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 6.90% | 5.66% | 1.24% |
| AMZNAmazon.Com Inc | 7.00% | 3.79% | 3.21% |
| GOOGLAlphabet Inc,class A | 4.60% | 2.99% | 1.61% |
| MUMicron Technology, Inc. | 4.50% | 1.60% | 2.90% |
| JPMJpmorgan Chase | 4.20% | 1.45% | 2.75% |
| VVisa Inc Class A | 3.90% | 0.94% | 2.96% |
| VZVerizon Communic | 4.50% | 0.32% | 4.18% |
| BACBank of America Corp.: Financials | 3.90% | 0.62% | 3.28% |
| KOCoca Cola Co. | 3.80% | 0.52% | 3.28% |
| SCHWSchwab Strategic T | 3.90% | 0.27% | 3.63% |
85.3% of PRVS 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, PRVS or SPY?
PRVS has an expense ratio of 0.59% while SPY charges 0.09%. SPY is the cheaper option, by $50 a year on a $10,000 investment.
Which performed better, PRVS or SPY?
Over the past year PRVS returned +23.31% vs +16.97% for SPY, so PRVS leads on 1-year performance. Over the longest common window we track (2 years), PRVS annualized +16.62% vs +15.43% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PRVS or SPY?
PRVS has been the more volatile fund at 13.1% annualized versus 12.7% for SPY. Worst drawdown: PRVS -17.6% vs SPY -18.8%.
Should I hold both PRVS and SPY?
PRVS and SPY have a monthly-return correlation of 0.81, 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 PRVS and SPY?
85.3% of PRVS's money is in holdings SPY also owns. 21.7% of SPY's is in holdings PRVS also owns. They hold 23 positions in common, counted across the 27 positions we hold weights for in PRVS and 504 in SPY.
Which pays a higher dividend, PRVS or SPY?
PRVS yields 0.50% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than PRVS?
SPY has a lower expense ratio. PRVS led over 1Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 48.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.