PRCS vs. MTUM
PRCS (Parnassus Core Select ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - PRCS is a Large Cap Blend Equities fund actively managed by Parnassus, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. PRCS is actively managed, while MTUM is passively managed. Over the past year, PRCS returned 11.21% vs 41.78% for MTUM. A 0.74 correlation means they provide meaningful diversification when combined. PRCS charges 0.58%/yr vs 0.15%/yr for MTUM.
Performance
PRCS vs. MTUM - Performance Comparison
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Returns By Period
In the year-to-date period, PRCS achieves a 2.42% return, which is significantly lower than MTUM's 32.00% return.
PRCS
- 1D
- -1.42%
- 1M
- -0.51%
- YTD
- 2.42%
- 6M
- 1.81%
- 1Y
- 11.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MTUM
- 1D
- -4.48%
- 1M
- 8.74%
- YTD
- 32.00%
- 6M
- 29.92%
- 1Y
- 41.78%
- 3Y*
- 33.87%
- 5Y*
- 15.18%
- 10Y*
- 17.49%
PRCS vs. MTUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PRCS Parnassus Core Select ETF | 2.42% | 11.69% | -4.25% |
MTUM iShares MSCI USA Momentum Factor ETF | 32.00% | 22.15% | -2.68% |
Correlation
The correlation between PRCS and MTUM is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024 | 0.74 |
The correlation between PRCS and MTUM has been stable across timeframes, ranging from 0.68 to 0.74 - a consistent structural relationship.
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Return for Risk
PRCS vs. MTUM — Risk / Return Rank
PRCS
MTUM
PRCS vs. MTUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Parnassus Core Select ETF (PRCS) and iShares MSCI USA Momentum Factor ETF (MTUM). 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.
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.
| PRCS | MTUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.35 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 3.64 | -2.76 |
| Martin ratioReturn relative to average drawdown | 3.46 | 13.91 | -10.45 |
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Drawdowns
PRCS vs. MTUM - Drawdown Comparison
The maximum PRCS drawdown since its inception was -18.20%, smaller than the maximum MTUM drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for PRCS and MTUM.
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Drawdown Indicators
| PRCS | MTUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.20% | -34.08% | +15.88% |
Max Drawdown (1Y)Largest decline over 1 year | -12.77% | -11.54% | -1.23% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.99% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.28% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.08% | — |
Current DrawdownCurrent decline from peak | -2.27% | -4.48% | +2.21% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -6.19% | +3.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 3.01% | +0.24% |
Volatility
PRCS vs. MTUM - Volatility Comparison
The current volatility for Parnassus Core Select ETF (PRCS) is 4.74%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 12.20%. This indicates that PRCS experiences smaller price fluctuations and is considered to be less risky than MTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRCS | MTUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.74% | 12.20% | -7.46% |
Volatility (6M)Calculated over the trailing 6-month period | 10.62% | 19.44% | -8.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.07% | 21.93% | -8.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.95% | 21.15% | -4.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.95% | 21.31% | -4.36% |
PRCS vs. MTUM - Expense Ratio Comparison
PRCS has a 0.58% expense ratio, which is higher than MTUM's 0.15% expense ratio.
Dividends
PRCS vs. MTUM - Dividend Comparison
PRCS's dividend yield for the trailing twelve months is around 0.13%, less than MTUM's 0.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTUM iShares MSCI USA Momentum Factor ETF | 0.56% | 0.91% | 0.75% | 1.35% | 1.80% | 0.55% | 0.83% | 1.48% | 1.27% | 1.02% | 1.43% | 1.12% |
PRCS Parnassus Core Select ETF | 0.13% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PRCS and MTUM have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MTUM has higher volatility (12.20%) compared to PRCS (4.74%). In terms of maximum drawdown, PRCS dropped -18.20% vs MTUM's -34.08%.
On 1-year performance, MTUM leads with 41.78% vs 11.21% for PRCS. On fees, MTUM is cheaper at 0.15% per year. On volatility, PRCS has been the lower-risk option at 4.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MTUM has performed better with a 41.78% return vs 11.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MTUM is cheaper with a 0.15% expense ratio, compared with 0.58% for PRCS.
MTUM has the higher dividend yield at 0.56%, compared with 0.13% for PRCS.
PRCS is categorized as Large Cap Blend Equities, while MTUM is Momentum. They also come from different issuers: Parnassus and iShares. Their fees differ too: 0.58% for PRCS and 0.15% for MTUM.
MTUM currently has the higher Sharpe Ratio (1.92 vs 0.86), 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.
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