IWD vs PRVS
iShares Russell 1000 Value ETF vs Parnassus Value Select ETF
Which is better, IWD or PRVS?
IWD has been ahead.
IWD has a lower expense ratio. IWD led over 1Y and the full window. IWD is less concentrated, with 29.1% of the fund in its ten largest positions against 49.1%.
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 | IWD | PRVS |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.59% |
| AUM | $81.3B | $28M |
| Dividend Yield | 1.36% | 0.50% |
| Holdings | 869 | 56 |
| YTD Return | +21.23%Best | +15.69% |
| 1Y Return | +28.24%Best | +22.82% |
| 3Y Return (annualized) | +20.99% | - |
| 5Y Return (annualized) | +11.94% | - |
| Volatility (annualized) | 10.5%Best | 12.9% |
| Max Drawdown | -14.6%Best | -17.6% |
| $10,000 over 1.8 years | $13,590Best | $13,091 |
| Top 10 Weight | 29.1%Best | 49.1% |
| Fund Family | iShares by BlackRock (US) | Parnassus Investments |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | May 22, 2000 | Dec 12, 2024 |
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 13, 2026 (1.8 years).
IWD 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.
IWD vs PRVS Performance
iShares Russell 1000 Value ETF (IWD) is an ETF from iShares by BlackRock (US) and Parnassus Value Select ETF (PRVS) is an ETF from Parnassus Investments. Over the past year IWD returned +28.24% while PRVS returned +22.82%. Year to date, IWD is up 21.23% versus a gain of 15.69% 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 12.9% compared with 10.5% for IWD. 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 -14.6% for IWD 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
IWD 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, IWD currently yields 1.36% against 0.50% for PRVS.
Holdings Overlap
20.6% of IWD's money is in holdings PRVS also owns. 72.4% of PRVS's money is in holdings IWD also owns.
Most of PRVS is already inside IWD. Owning both mostly buys the same companies twice.
20 positions in common, counted across the 865 positions we hold weights for in IWD and 27 in PRVS, against full books of 869 and 56.
What only one of them owns
Our book lists 5 positions for PRVS that do not appear in our book for IWD (17.6% of the fund), and 770 for IWD that do not appear in PRVS (78.0%).
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 IWD | Weight in PRVS | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 6.09% | 7.00% | 0.91% |
| MSFTMicrosoft Corp | 4.91% | 7.00% | 2.09% |
| JPMJpmorgan Chase | 2.54% | 4.20% | 1.66% |
| VZVerizon Communications Inc Vz | 0.57% | 4.60% | 4.03% |
| BACBank of America Corp.: Financials | 1.03% | 3.70% | 2.67% |
| KOCoca Cola Co. | 0.81% | 3.90% | 3.09% |
| TMOThermo Fisherscientific Inc. | 0.60% | 4.10% | 3.50% |
| SCHWSchwab Strategic T | 0.43% | 3.90% | 3.47% |
| UNPUnion Pacific Corp | 0.42% | 3.90% | 3.48% |
| UNHUnitedhealth Group Incorporated | 0.91% | 3.00% | 2.09% |
72.4% of PRVS is already inside IWD.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IWD or PRVS?
IWD has an expense ratio of 0.18% while PRVS charges 0.59%. IWD is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, IWD or PRVS?
Over the past year IWD returned +28.24% vs +22.82% for PRVS, so IWD leads on 1-year performance. Over the longest common window we track (2 years), IWD annualized +18.58% vs +16.14% for PRVS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IWD or PRVS?
PRVS has been the more volatile fund at 12.9% annualized versus 10.5% for IWD. Worst drawdown: IWD -14.6% vs PRVS -17.6%.
Should I hold both IWD and PRVS?
IWD 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 IWD and PRVS?
72.4% of PRVS's money is in holdings IWD also owns. 72.4% of PRVS's is in holdings IWD also owns. They hold 20 positions in common, counted across the 865 positions we hold weights for in IWD and 27 in PRVS.
Which pays a higher dividend, IWD or PRVS?
IWD yields 1.36% while PRVS yields 0.50%, so IWD currently pays the higher dividend yield.
Is PRVS better than IWD?
IWD has a lower expense ratio. IWD led over 1Y and the full window. IWD is less concentrated, with 29.1% of the fund in its ten largest positions against 49.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.