PRVS vs. DIVB

Last updated Jul 14, 2026

PRVS (Parnassus Value Select ETF) and DIVB (iShares Core Dividend ETF) are both exchange-traded funds - PRVS is a Large Cap Value Equities fund actively managed by Parnassus, while DIVB is a Dividend fund tracking the Morningstar US Dividend and Buyback Index. PRVS is actively managed, while DIVB is passively managed. Over the past year, PRVS returned 29.87% vs 29.18% for DIVB. A 0.71 correlation means they provide meaningful diversification when combined. PRVS charges 0.59%/yr vs 0.05%/yr for DIVB.

Performance

PRVS vs. DIVB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Parnassus Value Select ETF (PRVS) and iShares Core Dividend ETF (DIVB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRVS achieves a 15.76% return, which is significantly lower than DIVB's 22.13% return.

PRVS

• 1D: -0.59%
• 1M: 2.95%
• 6M: 10.97%
• YTD: 15.76%
• 1Y: 29.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DIVB

• 1D: 0.94%
• 1M: 3.79%
• 6M: 19.39%
• YTD: 22.13%
• 1Y: 29.18%
• 3Y*: 21.85%
• 5Y*: 12.91%
• 10Y*: —

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

PRVS vs. DIVB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PRVS Parnassus Value Select ETF	15.76%	18.07%	-4.65%
DIVB iShares Core Dividend ETF	22.13%	15.09%	-3.35%

Correlation

The correlation between PRVS and DIVB is 0.62, 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	0.62
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024	0.71

The correlation between PRVS and DIVB has been stable across timeframes, ranging from 0.62 to 0.71 - a consistent structural relationship.

Return for Risk

PRVS vs. DIVB — Risk / Return Rank

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

PRVS

PRVS Risk / Return Rank: 86
PRVS Sharpe Ratio Rank: 88
PRVS Sortino Ratio Rank: 88
PRVS Omega Ratio Rank: 86
PRVS Calmar Ratio Rank: 78
PRVS Martin Ratio Rank: 89

DIVB

DIVB Risk / Return Rank: 90
DIVB Sharpe Ratio Rank: 91
DIVB Sortino Ratio Rank: 91
DIVB Omega Ratio Rank: 89
DIVB Calmar Ratio Rank: 90
DIVB Martin Ratio Rank: 87

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.

PRVS vs. DIVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Parnassus Value Select ETF (PRVS) and iShares Core Dividend ETF (DIVB). 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.

	PRVS	DIVB	Difference
Sharpe ratio: Return per unit of total volatility	2.28	2.47	-0.19
Sortino ratio: Return per unit of downside risk	3.21	3.48	-0.27
Omega ratio: Gain probability vs. loss probability	1.41	1.44	-0.03
Calmar ratio: Return relative to maximum drawdown	3.22	4.30	-1.08
Martin ratio: Return relative to average drawdown	15.25	14.43	+0.81

PRVS vs. DIVB - Sharpe Ratio Comparison

The current PRVS Sharpe Ratio is 2.28, which is comparable to the DIVB Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of PRVS and DIVB, 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

PRVS vs. DIVB - Drawdown Comparison

The maximum PRVS drawdown since its inception was -17.64%, smaller than the maximum DIVB drawdown of -36.93%. Use the drawdown chart below to compare losses from any high point for PRVS and DIVB.

Drawdown Indicators

	PRVS	DIVB	Difference
Max Drawdown Largest peak-to-trough decline	-17.64%	-36.93%	+19.29%
Max Drawdown (1Y) Largest decline over 1 year	-9.32%	-6.82%	-2.50%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.45%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.08%	—
Current Drawdown Current decline from peak	-1.79%	0.00%	-1.79%
Average Drawdown Average peak-to-trough decline	-2.55%	-4.94%	+2.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	2.03%	-0.07%

Volatility

PRVS vs. DIVB - Volatility Comparison

Parnassus Value Select ETF (PRVS) and iShares Core Dividend ETF (DIVB) have volatilities of 4.10% and 3.92%, 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

	PRVS	DIVB	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.10%	3.92%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	10.50%	9.02%	+1.48%
Volatility (1Y) Calculated over the trailing 1-year period	13.21%	11.90%	+1.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.65%	15.30%	+1.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.65%	18.34%	-1.69%

PRVS vs. DIVB - Expense Ratio Comparison

PRVS has a 0.59% expense ratio, which is higher than DIVB's 0.05% expense ratio.

Dividends

PRVS vs. DIVB - Dividend Comparison

PRVS's dividend yield for the trailing twelve months is around 0.52%, less than DIVB's 2.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIVB iShares Core Dividend ETF	2.17%	2.50%	2.61%	3.18%	2.02%	1.63%	2.08%	2.07%	2.52%	0.37%
PRVS Parnassus Value Select ETF	0.52%	0.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PRVS and DIVB in my portfolio?

PRVS and DIVB have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRVS or DIVB?

PRVS has higher volatility (4.10%) compared to DIVB (3.92%). In terms of maximum drawdown, PRVS dropped -17.64% vs DIVB's -36.93%.

Which ETF is better, PRVS or DIVB?

On 1-year performance, PRVS leads with 29.87% vs 29.18% for DIVB. On fees, DIVB is cheaper at 0.05% per year. On volatility, DIVB has been the lower-risk option at 3.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PRVS or DIVB?

Over the 1-year period, PRVS has performed better with a 29.87% return vs 29.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PRVS or DIVB?

DIVB is cheaper with a 0.05% expense ratio, compared with 0.59% for PRVS.

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

DIVB has the higher dividend yield at 2.17%, compared with 0.52% for PRVS.

What is the main difference between PRVS and DIVB?

PRVS is categorized as Large Cap Value Equities, while DIVB is Dividend. They also come from different issuers: Parnassus and iShares. Their fees differ too: 0.59% for PRVS and 0.05% for DIVB.

Which has better risk-adjusted returns?

DIVB currently has the higher Sharpe Ratio (2.47 vs 2.28), 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.