IVRA vs. PRVS

Last updated Jun 4, 2026

IVRA (Invesco Real Assets ESG ETF) and PRVS (Parnassus Value Select ETF) are both exchange-traded funds - IVRA is a ESG fund actively managed by Invesco, while PRVS is a Large Cap Value Equities fund actively managed by Parnassus. Both are actively managed. Over the past year, IVRA returned 15.73% vs 32.25% for PRVS. At a 0.46 correlation, their price movements are largely independent. Both charge a 0.59% expense ratio.

Performance

IVRA vs. PRVS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Real Assets ESG ETF (IVRA) and Parnassus Value Select ETF (PRVS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with IVRA having a 11.70% return and PRVS slightly lower at 11.32%.

IVRA

• 1D: 0.00%
• 1M: 0.00%
• YTD: 11.70%
• 6M: 12.41%
• 1Y: 15.73%
• 3Y*: 15.46%
• 5Y*: 7.62%
• 10Y*: —

PRVS

• 1D: -0.45%
• 1M: 3.79%
• YTD: 11.32%
• 6M: 12.60%
• 1Y: 32.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IVRA vs. PRVS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IVRA Invesco Real Assets ESG ETF	11.70%	10.20%	-3.51%
PRVS Parnassus Value Select ETF	11.32%	18.07%	-4.37%

Correlation

The correlation between IVRA and PRVS is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024	0.46

The correlation between IVRA and PRVS shifts across timeframes, from 0.30 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IVRA vs. PRVS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IVRA

IVRA Risk / Return Rank: 58
IVRA Sharpe Ratio Rank: 50
IVRA Sortino Ratio Rank: 51
IVRA Omega Ratio Rank: 57
IVRA Calmar Ratio Rank: 69
IVRA Martin Ratio Rank: 66

PRVS

PRVS Risk / Return Rank: 78
PRVS Sharpe Ratio Rank: 79
PRVS Sortino Ratio Rank: 79
PRVS Omega Ratio Rank: 77
PRVS Calmar Ratio Rank: 71
PRVS Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IVRA vs. PRVS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Real Assets ESG ETF (IVRA) and Parnassus Value Select ETF (PRVS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	IVRA	PRVS	Difference
Sharpe ratio: Return per unit of total volatility	1.72	2.51	-0.79
Sortino ratio: Return per unit of downside risk	2.49	3.49	-1.00
Omega ratio: Gain probability vs. loss probability	1.36	1.45	-0.09
Calmar ratio: Return relative to maximum drawdown	3.46	3.48	-0.02
Martin ratio: Return relative to average drawdown	12.02	16.43	-4.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IVRA vs. PRVS - Sharpe Ratio Comparison

The current IVRA Sharpe Ratio is 1.72, which is lower than the PRVS Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of IVRA and PRVS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IVRA	PRVS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	2.51	-0.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	1.01	-0.28

Drawdowns

IVRA vs. PRVS - Drawdown Comparison

The maximum IVRA drawdown since its inception was -25.99%, which is greater than PRVS's maximum drawdown of -17.64%. Use the drawdown chart below to compare losses from any high point for IVRA and PRVS.

Drawdown Indicators

	IVRA	PRVS	Difference
Max Drawdown Largest peak-to-trough decline	-25.99%	-17.64%	-8.35%
Max Drawdown (1Y) Largest decline over 1 year	-4.60%	-9.32%	+4.72%
Max Drawdown (3Y) Largest decline over 3 years	-15.03%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.99%	—	—
Current Drawdown Current decline from peak	-0.92%	-0.45%	-0.47%
Average Drawdown Average peak-to-trough decline	-7.27%	-2.68%	-4.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.32%	1.97%	-0.65%

Volatility

IVRA vs. PRVS - Volatility Comparison

The current volatility for Invesco Real Assets ESG ETF (IVRA) is 0.00%, while Parnassus Value Select ETF (PRVS) has a volatility of 3.21%. This indicates that IVRA experiences smaller price fluctuations and is considered to be less risky than PRVS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVRA	PRVS	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	3.21%	-3.21%
Volatility (6M) Calculated over the trailing 6-month period	5.45%	10.09%	-4.64%
Volatility (1Y) Calculated over the trailing 1-year period	9.27%	12.92%	-3.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.58%	16.81%	-0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.39%	16.81%	-0.42%

IVRA vs. PRVS - Expense Ratio Comparison

Both IVRA and PRVS have an expense ratio of 0.59%.

Dividends

IVRA vs. PRVS - Dividend Comparison

IVRA's dividend yield for the trailing twelve months is around 16.99%, more than PRVS's 0.54% yield.

Position	TTM	2025	2024	2023	2022	2021
IVRA Invesco Real Assets ESG ETF	16.99%	5.68%	3.71%	2.47%	2.30%	3.01%
PRVS Parnassus Value Select ETF	0.54%	0.60%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IVRA and PRVS in my portfolio?

IVRA and PRVS have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVRA or PRVS?

PRVS has higher volatility (3.21%) compared to IVRA (0.00%). In terms of maximum drawdown, IVRA dropped -25.99% vs PRVS's -17.64%.

Which ETF is better, IVRA or PRVS?

On 1-year performance, PRVS leads with 32.25% vs 15.73% for IVRA. Both ETFs have the same 0.59% expense ratio. On volatility, IVRA has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVRA or PRVS?

Over the 1-year period, PRVS has performed better with a 32.25% return vs 15.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVRA or PRVS?

IVRA and PRVS have the same expense ratio: 0.59% per year.

Which ETF pays a higher dividend yield, IVRA or PRVS?

IVRA has the higher dividend yield at 16.99%, compared with 0.54% for PRVS.

What is the main difference between IVRA and PRVS?

IVRA is categorized as ESG, while PRVS is Large Cap Value Equities. They also come from different issuers: Invesco and Parnassus.

Which has better risk-adjusted returns?

PRVS currently has the higher Sharpe Ratio (2.51 vs 1.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.