FELV vs PRVS
Fidelity Enhanced Large Cap Value ETF vs Parnassus Value Select ETF
Which is better, FELV or PRVS?
FELV has been ahead.
FELV has a lower expense ratio. FELV led over 1Y and the full window. FELV is less concentrated, with 30.1% of the fund in its ten largest positions against 49.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FELV | PRVS |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.59% |
| AUM | $3.4B | $28M |
| Dividend Yield | 1.43% | 0.52% |
| Holdings | 364 | 56 |
| YTD Return | +22.64%Best | +15.17% |
| 1Y Return | +29.22%Best | +21.88% |
| 3Y Return (annualized) | +21.98% | - |
| Volatility (annualized) | 10.6%Best | 13.0% |
| Max Drawdown | -14.8%Best | -17.6% |
| $10,000 over 1.8 years | $13,745Best | $13,028 |
| Top 10 Weight | 30.1%Best | 49.7% |
| Fund Family | Fidelity Investments (US) | Parnassus Investments |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Nov 20, 2023 | Dec 12, 2024 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Dec 12, 2024 to Oct 14, 2026 (1.8 years).
FELV vs PRVS growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.8 years both funds cover.
FELV vs PRVS Performance
Fidelity Enhanced Large Cap Value ETF (FELV) is an ETF from Fidelity Investments (US) and Parnassus Value Select ETF (PRVS) is an ETF from Parnassus Investments. Over the past year FELV returned +29.22% while PRVS returned +21.88%. Year to date, FELV is up 22.64% versus a gain of 15.17% for PRVS.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PRVS has been the more volatile fund, with annualized monthly volatility of 13.0% compared with 10.6% for FELV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -14.8% for FELV and -17.6% for PRVS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FELV charges 0.18% per year while PRVS charges 0.59%. On a $10,000 position that is $18 vs $59 annually, a gap of $41 per year that compounds over a long holding period. On income, FELV currently yields 1.43% against 0.52% for PRVS.
Holdings Overlap
20.7% of FELV's money is in holdings PRVS also owns. 69.0% of PRVS's money is in holdings FELV also owns.
The two portfolios partly overlap.
18 positions in common, counted across the 389 positions we hold weights for in FELV and 27 in PRVS, against full books of 364 and 56.
What only one of them owns
Our book lists 6 positions for PRVS that do not appear in our book for FELV (19.0% of the fund), and 315 for FELV that do not appear in PRVS (78.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FELV | Weight in PRVS | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 6.20% | 8.00% | 1.80% |
| MSFTMicrosoft Corp | 4.67% | 7.50% | 2.83% |
| JPMJpmorgan Chase | 2.62% | 4.00% | 1.38% |
| GOOGLAlphabet Inc | 0.00% | 4.90% | 4.90% |
| VZVerizon Communic | 0.34% | 4.30% | 3.96% |
| KOCoca Cola Co. | 0.56% | 4.00% | 3.44% |
| BACBank of America Corp.: Financials | 1.13% | 3.40% | 2.27% |
| SCHWSchwab Strategic T | 0.89% | 3.60% | 2.71% |
| UNHUnitedhealth Group Incorporated | 1.23% | 3.00% | 1.77% |
| TMOThermo Fisherscientific Inc. | 0.50% | 3.50% | 3.00% |
69.0% of PRVS is already inside FELV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, FELV or PRVS?
FELV has an expense ratio of 0.18% while PRVS charges 0.59%. FELV is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, FELV or PRVS?
Over the past year FELV returned +29.22% vs +21.88% for PRVS, so FELV leads on 1-year performance. Over the longest common window we track (2 years), FELV annualized +19.33% vs +15.83% for PRVS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FELV or PRVS?
PRVS has been the more volatile fund at 13.0% annualized versus 10.6% for FELV. Worst drawdown: FELV -14.8% vs PRVS -17.6%.
Should I hold both FELV and PRVS?
FELV and PRVS have a monthly-return correlation of 0.87, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FELV and PRVS?
69.0% of PRVS's money is in holdings FELV also owns. 69.0% of PRVS's is in holdings FELV also owns. They hold 18 positions in common, counted across the 389 positions we hold weights for in FELV and 27 in PRVS.
Which pays a higher dividend, FELV or PRVS?
FELV yields 1.43% while PRVS yields 0.52%, so FELV currently pays the higher dividend yield.
Is PRVS better than FELV?
FELV has a lower expense ratio. FELV led over 1Y and the full window. FELV is less concentrated, with 30.1% of the fund in its ten largest positions against 49.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.