PRCS vs. SCHX

Last updated Jun 24, 2026

PRCS (Parnassus Core Select ETF) and SCHX (Schwab U.S. Large-Cap ETF) are both Large Cap Blend Equities funds. PRCS is actively managed, while SCHX is passively managed. Over the past year, PRCS returned 11.21% vs 23.07% for SCHX. Their correlation of 0.92 suggests significant overlap in exposure. PRCS charges 0.58%/yr vs 0.03%/yr for SCHX.

Performance

PRCS vs. SCHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Parnassus Core Select ETF (PRCS) and Schwab U.S. Large-Cap ETF (SCHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRCS achieves a 2.42% return, which is significantly lower than SCHX's 8.04% return.

PRCS

• 1D: -1.42%
• 1M: -0.51%
• YTD: 2.42%
• 6M: 1.81%
• 1Y: 11.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCHX

• 1D: -1.29%
• 1M: -1.16%
• YTD: 8.04%
• 6M: 7.00%
• 1Y: 23.07%
• 3Y*: 20.75%
• 5Y*: 12.44%
• 10Y*: 15.47%

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

PRCS vs. SCHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PRCS Parnassus Core Select ETF	2.42%	11.69%	-4.25%
SCHX Schwab U.S. Large-Cap ETF	8.04%	17.46%	-3.54%

Correlation

The correlation between PRCS and SCHX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024	0.92

The correlation between PRCS and SCHX has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

Return for Risk

PRCS vs. SCHX — Risk / Return Rank

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

PRCS

PRCS Risk / Return Rank: 24
PRCS Sharpe Ratio Rank: 26
PRCS Sortino Ratio Rank: 24
PRCS Omega Ratio Rank: 24
PRCS Calmar Ratio Rank: 21
PRCS Martin Ratio Rank: 27

SCHX

SCHX Risk / Return Rank: 56
SCHX Sharpe Ratio Rank: 56
SCHX Sortino Ratio Rank: 54
SCHX Omega Ratio Rank: 55
SCHX Calmar Ratio Rank: 54
SCHX Martin Ratio Rank: 64

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.

PRCS vs. SCHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Parnassus Core Select ETF (PRCS) and Schwab U.S. Large-Cap ETF (SCHX). 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	SCHX	Difference
Sharpe ratio: Return per unit of total volatility	0.86	1.84	-0.97
Sortino ratio: Return per unit of downside risk	1.26	2.51	-1.25
Omega ratio: Gain probability vs. loss probability	1.16	1.33	-0.18
Calmar ratio: Return relative to maximum drawdown	0.88	2.57	-1.69
Martin ratio: Return relative to average drawdown	3.46	11.26	-7.80

PRCS vs. SCHX - Sharpe Ratio Comparison

The current PRCS Sharpe Ratio is 0.86, which is lower than the SCHX Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of PRCS and SCHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PRCS vs. SCHX - Drawdown Comparison

The maximum PRCS drawdown since its inception was -18.20%, smaller than the maximum SCHX drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for PRCS and SCHX.

Drawdown Indicators

	PRCS	SCHX	Difference
Max Drawdown Largest peak-to-trough decline	-18.20%	-34.33%	+16.13%
Max Drawdown (1Y) Largest decline over 1 year	-12.77%	-9.02%	-3.75%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.04%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.41%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.33%	—
Current Drawdown Current decline from peak	-2.27%	-3.11%	+0.84%
Average Drawdown Average peak-to-trough decline	-2.98%	-3.96%	+0.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.25%	2.05%	+1.20%

Volatility

PRCS vs. SCHX - Volatility Comparison

Parnassus Core Select ETF (PRCS) and Schwab U.S. Large-Cap ETF (SCHX) have volatilities of 4.74% and 4.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRCS	SCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.74%	4.89%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	10.62%	9.94%	+0.68%
Volatility (1Y) Calculated over the trailing 1-year period	13.07%	12.65%	+0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.95%	17.23%	-0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.95%	18.16%	-1.21%

PRCS vs. SCHX - Expense Ratio Comparison

PRCS has a 0.58% expense ratio, which is higher than SCHX's 0.03% expense ratio.

Dividends

PRCS vs. SCHX - Dividend Comparison

PRCS's dividend yield for the trailing twelve months is around 0.13%, less than SCHX's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SCHX Schwab U.S. Large-Cap ETF	1.03%	1.09%	1.22%	1.39%	1.64%	1.22%	1.64%	1.82%	2.02%	1.70%	1.92%	2.04%

Frequently Asked Questions

Can I hold both PRCS and SCHX in my portfolio?

PRCS and SCHX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRCS or SCHX?

SCHX has higher volatility (4.89%) compared to PRCS (4.74%). In terms of maximum drawdown, PRCS dropped -18.20% vs SCHX's -34.33%.

Which ETF is better, PRCS or SCHX?

On 1-year performance, SCHX leads with 23.07% vs 11.21% for PRCS. On fees, SCHX is cheaper at 0.03% 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.

Which ETF has performed better, PRCS or SCHX?

Over the 1-year period, SCHX has performed better with a 23.07% return vs 11.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PRCS or SCHX?

SCHX is cheaper with a 0.03% expense ratio, compared with 0.58% for PRCS.

Which ETF pays a higher dividend yield, PRCS or SCHX?

SCHX has the higher dividend yield at 1.03%, compared with 0.13% for PRCS.

What is the main difference between PRCS and SCHX?

They also come from different issuers: Parnassus and Charles Schwab. Their fees differ too: 0.58% for PRCS and 0.03% for SCHX.

Which has better risk-adjusted returns?

SCHX currently has the higher Sharpe Ratio (1.84 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.