PRVS vs. SPYV
PRVS (Parnassus Value Select ETF) and SPYV (SPDR Portfolio S&P 500 Value ETF) are both exchange-traded funds - PRVS is a Large Cap Value Equities fund actively managed by Parnassus, while SPYV is a S&P 500 fund tracking the S&P 500 Value Index. PRVS is actively managed, while SPYV is passively managed. Over the past year, PRVS returned 31.98% vs 21.27% for SPYV. Their correlation of 0.81 means they have usually moved in the same direction. PRVS charges 0.59%/yr vs 0.04%/yr for SPYV.
Performance
PRVS vs. SPYV - Performance Comparison
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Returns By Period
In the year-to-date period, PRVS achieves a 17.66% return, which is significantly higher than SPYV's 10.14% return.
PRVS
- 1D
- 1.21%
- 1M
- 0.29%
- 6M
- 12.78%
- YTD
- 17.66%
- 1Y
- 31.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.81%
SPYV
- 1D
- -0.16%
- 1M
- 0.68%
- 6M
- 7.56%
- YTD
- 10.14%
- 1Y
- 21.27%
- 3Y*
- 13.90%
- 5Y*
- 11.52%
- 10Y*
- 11.92%
- ALL TIME*
- 7.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $190.45K | $144.05K | $146.66K | |
| $129.05M | $117.43M | $146.49M |
PRVS vs. SPYV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PRVS Parnassus Value Select ETF | 17.66% | 18.07% | -4.65% |
SPYV SPDR Portfolio S&P 500 Value ETF | 10.14% | 13.18% | -3.69% |
Correlation
The correlation between PRVS and SPYV is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024 | 0.81 |
The correlation between PRVS and SPYV has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.
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Return for Risk
PRVS vs. SPYV — Risk / Return Rank
PRVS
SPYV
PRVS vs. SPYV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Parnassus Value Select ETF (PRVS) and SPDR Portfolio S&P 500 Value ETF (SPYV). 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 | SPYV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.36 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 3.17 | +0.06 |
| Martin ratioReturn relative to average drawdown | 15.00 | 12.28 | +2.72 |
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Drawdowns
PRVS vs. SPYV - Drawdown Comparison
The maximum PRVS drawdown since its inception was -17.64%, smaller than the maximum SPYV drawdown of -58.45%. Use the drawdown chart below to compare losses from any high point for PRVS and SPYV.
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Drawdown Indicators
| PRVS | SPYV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.64% | -58.45% | +40.81% |
Max Drawdown (1Y)Largest decline over 1 year | -9.32% | -6.22% | -3.10% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.54% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.89% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.89% | — |
Current DrawdownCurrent decline from peak | -0.17% | -1.13% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -2.53% | -8.67% | +6.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.61% | +0.40% |
Volatility
PRVS vs. SPYV - Volatility Comparison
Parnassus Value Select ETF (PRVS) has a higher volatility of 4.11% compared to SPDR Portfolio S&P 500 Value ETF (SPYV) at 2.72%. This indicates that PRVS's price experiences larger fluctuations and is considered to be riskier than SPYV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRVS | SPYV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | 2.72% | +1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 10.73% | 7.14% | +3.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.60% | 9.99% | +3.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.62% | 14.30% | +2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.62% | 16.88% | -0.26% |
PRVS vs. SPYV - Expense Ratio Comparison
PRVS has a 0.59% expense ratio, which is higher than SPYV's 0.04% expense ratio.
Dividends
PRVS vs. SPYV - Dividend Comparison
PRVS's dividend yield for the trailing twelve months is around 0.51%, less than SPYV's 1.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRVS Parnassus Value Select ETF | 0.51% | 0.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYV SPDR Portfolio S&P 500 Value ETF | 1.69% | 1.77% | 2.29% | 1.75% | 2.22% | 2.10% | 2.38% | 2.25% | 2.97% | 2.77% | 2.39% | 2.53% |
Frequently Asked Questions
PRVS and SPYV have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRVS has higher volatility (4.11%) compared to SPYV (2.72%). In terms of maximum drawdown, PRVS dropped -17.64% vs SPYV's -58.45%.
On 1-year performance, PRVS leads with 31.98% vs 21.27% for SPYV. On fees, SPYV is cheaper at 0.04% per year. On volatility, SPYV has been the lower-risk option at 2.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PRVS has performed better with a 31.98% return vs 21.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPYV is cheaper with a 0.04% expense ratio, compared with 0.59% for PRVS.
SPYV has the higher dividend yield at 1.69%, compared with 0.51% for PRVS.
PRVS is categorized as Large Cap Value Equities, while SPYV is S&P 500. They also come from different issuers: Parnassus and State Street. Their fees differ too: 0.59% for PRVS and 0.04% for SPYV.
PRVS currently has the higher Sharpe Ratio (2.22 vs 1.98), 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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