MFSV vs PRVS
MFS Active Value ETF vs Parnassus Value Select ETF
Which is better, MFSV or PRVS?
PRVS has been ahead.
MFSV has a lower expense ratio. PRVS led over 1Y and the full window. MFSV is less concentrated, with 32.9% 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 | MFSV | PRVS |
|---|---|---|
| Expense Ratio | 0.44%Best | 0.59% |
| AUM | $618M | $28M |
| Dividend Yield | 1.41% | 0.52% |
| Holdings | 64 | 56 |
| YTD Return | +9.21% | +15.17%Best |
| 1Y Return | +12.64% | +21.88%Best |
| Volatility (annualized) | 9.6%Best | 13.0% |
| Max Drawdown | -12.7%Best | -17.6% |
| $10,000 over 1.8 years | $12,180 | $13,028Best |
| Top 10 Weight | 32.9%Best | 49.7% |
| Fund Family | MFS Investment Management | Parnassus Investments |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Dec 5, 2024 | Dec 12, 2024 |
Not shown on this pair: 3Y Return (annualized), 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).
MFSV 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.
MFSV vs PRVS Performance
MFS Active Value ETF (MFSV) is an ETF from MFS Investment Management and Parnassus Value Select ETF (PRVS) is an ETF from Parnassus Investments. Over the past year MFSV returned +12.64% while PRVS returned +21.88%. Year to date, MFSV is up 9.21% 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 9.6% for MFSV. 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 -12.7% for MFSV 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 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MFSV charges 0.44% per year while PRVS charges 0.59%. On a $10,000 position that is $44 vs $59 annually, a gap of $15 per year that compounds over a long holding period. On income, MFSV currently yields 1.41% against 0.52% for PRVS.
Holdings Overlap
24.2% of MFSV's money is in holdings PRVS also owns. 38.7% of PRVS's money is in holdings MFSV also owns.
The two portfolios partly overlap.
9 positions in common, counted across the 60 positions we hold weights for in MFSV and 27 in PRVS, against full books of 64 and 56.
What only one of them owns
Our book lists 15 positions for PRVS that do not appear in our book for MFSV (49.3% of the fund), and 50 for MFSV that do not appear in PRVS (72.5%).
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 MFSV | Weight in PRVS | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 5.28% | 8.00% | 2.72% |
| MSFTMicrosoft Corp | 5.35% | 7.50% | 2.15% |
| JPMJpmorgan Chase | 4.50% | 4.00% | 0.50% |
| GOOGLAlphabet Inc | 0.82% | 4.90% | 4.08% |
| UNPUnion Pacific Corp | 1.80% | 3.90% | 2.10% |
| BACBank of America Corp.: Financials | 2.25% | 3.40% | 1.15% |
| ABTAbbot Laboratories | 1.95% | 2.50% | 0.55% |
| HDHome Depot Inc/The | 1.35% | 2.20% | 0.85% |
| CMSCms Energy Corp. | 0.90% | 2.30% | 1.40% |
38.7% of PRVS is already inside MFSV.
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, MFSV or PRVS?
MFSV has an expense ratio of 0.44% while PRVS charges 0.59%. MFSV is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, MFSV or PRVS?
Over the past year MFSV returned +12.64% vs +21.88% for PRVS, so PRVS leads on 1-year performance. Over the longest common window we track (2 years), MFSV annualized +11.58% vs +15.83% for PRVS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MFSV or PRVS?
PRVS has been the more volatile fund at 13.0% annualized versus 9.6% for MFSV. Worst drawdown: MFSV -12.7% vs PRVS -17.6%.
Should I hold both MFSV and PRVS?
MFSV and PRVS have a monthly-return correlation of 0.69, 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 MFSV and PRVS?
38.7% of PRVS's money is in holdings MFSV also owns. 38.7% of PRVS's is in holdings MFSV also owns. They hold 9 positions in common, counted across the 60 positions we hold weights for in MFSV and 27 in PRVS.
Which pays a higher dividend, MFSV or PRVS?
MFSV yields 1.41% while PRVS yields 0.52%, so MFSV currently pays the higher dividend yield.
Is PRVS better than MFSV?
MFSV has a lower expense ratio. PRVS led over 1Y and the full window. MFSV is less concentrated, with 32.9% 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.