Quick Verdict

VTI has a lower expense ratio. PRVS delivered stronger 1-year returns. VTI offers more diversification with 2783 holdings.

Lower Fees: VTIHigher Returns: PRVSMore Diversified: VTI

Side-by-Side Comparison

MetricPRVSVTIWinner
Expense Ratio0.59%0.03%
AUM$6M$663.5B
Dividend Yield0.51%1.07%
Holdings283,543
YTD Return+18.84%+14.20%
1Y Return+33.67%+24.16%
3Y Return (annualized)-+21.12%
5Y Return (annualized)-+12.37%
Volatility (annualized)13.1%15.3%
Max Drawdown-17.6%-56.6%
Fund FamilyParnassus InvestmentsVanguard (US)
CategoryEquityEquity
InceptionDec 12, 2024May 24, 2001

PRVS vs VTI Performance

Parnassus Value Select ETF (PRVS) is a ETF from Parnassus Investments and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year PRVS returned +33.67% while VTI returned +24.16%. Year to date, PRVS is up 18.84% versus a gain of 14.20% for VTI.

Risk: Volatility and Drawdowns

VTI 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 -56.6% for VTI. 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 0.84. They usually move together, but the gap leaves some room for diversification.

Fees and Cost Over Time

PRVS charges 0.59% per year while VTI charges 0.03%. On a $10,000 position that is $59 vs $3 annually, a gap of $56 per year that compounds over a long holding period. On income, PRVS currently yields 0.51% against 1.07% for VTI.

Holdings Overlap

18.3%overlap

PRVS and VTI share 23 holdings out of 2787 unique holdings combined, representing a 18.3% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in PRVSWeight in VTIDifference
AMZN6.18%3.17%3.01%
GOOGL5.98%2.88%3.10%
MSFT4.89%3.81%1.08%
MUProProPro
AMATProProPro
JPM:USProProPro
VProProPro
CMIProProPro
BACProProPro
VZProProPro
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Frequently Asked Questions

Which is cheaper, PRVS or VTI?

PRVS has an expense ratio of 0.59% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $56 per year of difference.

Which performed better, PRVS or VTI?

Over the past year PRVS returned +33.67% vs +24.16% for VTI, so PRVS leads on 1-year performance. Over the longest common window we track (2 years), PRVS annualized +20.03% vs +8.14% for VTI. Past performance does not guarantee future results.

Which is riskier, PRVS or VTI?

VTI has been the more volatile fund at 15.3% annualized versus 13.1% for PRVS. Worst drawdown: PRVS -17.6% vs VTI -56.6%.

Should I hold both PRVS and VTI?

PRVS and VTI have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between PRVS and VTI?

PRVS and VTI share 23 common holdings with a 18.3% weight overlap. Combined, they hold 2787 unique securities.

Which pays a higher dividend, PRVS or VTI?

PRVS yields 0.51% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.

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