PRVS vs. KWIN

Last updated Jul 14, 2026

PRVS (Parnassus Value Select ETF) and KWIN (KraneShares Wahed Alternative Income Index ETF) are both Large Cap Value Equities funds. PRVS is actively managed, while KWIN is passively managed. At a correlation of -0.01, they often move in opposite directions. PRVS charges 0.59%/yr vs 0.51%/yr for KWIN.

Performance

PRVS vs. KWIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Parnassus Value Select ETF (PRVS) and KraneShares Wahed Alternative Income Index ETF (KWIN). 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 higher than KWIN's 1.59% return.

PRVS

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

KWIN

• 1D: 0.06%
• 1M: 0.13%
• 6M: 1.08%
• YTD: 1.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PRVS vs. KWIN - Yearly Performance Comparison

	2026 (YTD)	2025
PRVS Parnassus Value Select ETF	15.76%	3.34%
KWIN KraneShares Wahed Alternative Income Index ETF	1.59%	0.61%

Correlation

The correlation between PRVS and KWIN is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025	-0.01

Return for Risk

PRVS vs. KWIN — 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

KWIN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. KWIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Parnassus Value Select ETF (PRVS) and KraneShares Wahed Alternative Income Index ETF (KWIN). 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	KWIN	Difference
Sharpe ratio: Return per unit of total volatility	2.28	—	—
Sortino ratio: Return per unit of downside risk	3.21	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	3.22	—	—
Martin ratio: Return relative to average drawdown	15.25	—	—

Drawdowns

PRVS vs. KWIN - Drawdown Comparison

The maximum PRVS drawdown since its inception was -17.64%, which is greater than KWIN's maximum drawdown of -1.50%. Use the drawdown chart below to compare losses from any high point for PRVS and KWIN.

Drawdown Indicators

	PRVS	KWIN	Difference
Max Drawdown Largest peak-to-trough decline	-17.64%	-1.50%	-16.14%
Max Drawdown (1Y) Largest decline over 1 year	-9.32%	—	—
Current Drawdown Current decline from peak	-1.79%	-1.44%	-0.35%
Average Drawdown Average peak-to-trough decline	-2.55%	-0.25%	-2.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	—	—

Volatility

Volatility by Period

	PRVS	KWIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.10%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.50%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.21%	4.16%	+9.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.65%	4.16%	+12.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.65%	4.16%	+12.49%

PRVS vs. KWIN - Expense Ratio Comparison

PRVS has a 0.59% expense ratio, which is higher than KWIN's 0.51% expense ratio.

Dividends

PRVS vs. KWIN - Dividend Comparison

PRVS's dividend yield for the trailing twelve months is around 0.52%, while KWIN has not paid dividends to shareholders.

Position	TTM	2025
KWIN KraneShares Wahed Alternative Income Index ETF	0.00%	0.00%
PRVS Parnassus Value Select ETF	0.52%	0.60%

Frequently Asked Questions

Can I hold both PRVS and KWIN in my portfolio?

PRVS and KWIN have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PRVS or KWIN?

On fees, KWIN is cheaper at 0.51% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PRVS or KWIN?

KWIN is cheaper with a 0.51% expense ratio, compared with 0.59% for PRVS.

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

PRVS has the higher dividend yield at 0.52%, compared with 0.00% for KWIN.

What is the main difference between PRVS and KWIN?

They also come from different issuers: Parnassus and KraneShares. Their fees differ too: 0.59% for PRVS and 0.51% for KWIN.