- Issuer
- Parnassus
- Inception Date
- Dec 11, 2024
- Region
- North America (U.S.)
- Category
- Large Cap Value Equities, ESG
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $20M
Share Price Chart
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Performance
PRVS Performance Chart
Parnassus Value Select ETF (PRVS) is up 13.4% since the beginning of the year. PRVS is currently trading at $32 per share.
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Returns By Period
Parnassus Value Select ETF (PRVS) has returned 13.38% so far this year and 31.80% over the past 12 months.
Parnassus Value Select ETF
- 1D
- -1.37%
- 1M
- 4.19%
- YTD
- 13.38%
- 6M
- 13.21%
- 1Y
- 31.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
PRVS Monthly Returns History
Based on dividend-adjusted daily data since Dec 12, 2024, PRVS's average daily return is +0.07%, while the average monthly return is +1.37%. At this rate, an investment would double in approximately 4.2 years.
Historically, 74% of months were positive and 26% were negative. The best month was Apr 2026 with a return of +9.3%, while the worst month was Mar 2026 at -6.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PRVS closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +8.4%, while the worst single day was Apr 4, 2025 at -5.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.33% | 1.20% | -6.85% | 9.30% | 3.18% | 2.24% | 13.38% | ||||||
| 2025 | 4.99% | -3.13% | -3.70% | -3.09% | 3.73% | 5.83% | 2.60% | 1.85% | 2.38% | 3.06% | 1.65% | 1.11% | 18.07% |
| 2024 | -4.65% | -4.65% |
Benchmark Metrics
Parnassus Value Select ETF has an annualized alpha of 5.05%, beta of 0.89, and R2 of 0.86 versus S&P 500 Index. Calculated based on daily prices since December 12, 2024.
- This ETF captured 106.93% of S&P 500 Index gains but only 86.84% of its losses - a favorable profile for investors.
- This ETF generated an annualized alpha of 5.05% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.89 and R2 of 0.86, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 5.05%
- Beta
- 0.89
- R²
- 0.86
- Upside Capture
- 106.93%
- Downside Capture
- 86.84%
Expense Ratio
PRVS has an expense ratio of 0.59%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PRVS ranks 82 for risk / return — in the top 82% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Parnassus Value Select ETF (PRVS) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PRVS | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.32 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.43 | 2.46 | +0.97 |
| Martin ratioReturn relative to average drawdown | 16.23 | 10.92 | +5.31 |
Dividends
Dividend History
Parnassus Value Select ETF provided a 0.53% dividend yield over the last twelve months, with an annual payout of $0.17 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.17 | $0.17 |
Dividend yield | 0.53% | 0.60% |
Monthly Dividends
The table displays the monthly dividend distributions for Parnassus Value Select ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.17 | $0.17 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Parnassus Value Select ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Parnassus Value Select ETF was 17.64%, occurring on Apr 8, 2025. Recovery took 58 trading sessions.
The current Parnassus Value Select ETF drawdown is 1.37%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -17.64%Apr 2025 | 2mo 14d | 2mo 25d | 5mo 9dJan 2025 - Jul 2025 |
2026 pullback2026 | -9.32%Mar 2026 | 1mo 2d | 15d | 1mo 17dFeb 2026 - Apr 2026 |
2024 pullback2024 | -5.24%Dec 2024 | 7d | 1mo 3d | 1mo 10dDec 2024 - Jan 2025 |
2025 pullback2025 | -4.47%Nov 2025 | 7d | 8d | 15dNov 2025 - Nov 2025 |
2025 pullback2025 | -3.23%Oct 2025 | 3d | 14d | 17dOct 2025 - Oct 2025 |
Drawdown Indicators
| PRVS | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.64% | -56.78% | +39.14% |
Max Drawdown (1Y)Largest decline over 1 year | -9.32% | -9.10% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.37% | -3.21% | +1.84% |
Average DrawdownAverage peak-to-trough decline | -2.61% | -10.71% | +8.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 2.04% | -0.08% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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