Parnassus Income Funds (PRVS) Performance
PRVS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +15.8% since Dec 31, 2025
- 1 year
- +20.2% total return
- Since first price
- +30.8% since 2024
PRVS trailing returns vs SPY, QQQ, AGG
| Period | PRVS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.3% | −0.3% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.1% | +1.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +8.8% | +8.8% | +7.8% | +8.4% | −1.5% |
| YTD | +15.8% | +15.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +20.2% | +19.5% | +14.4% | +15.9% | −1.1% |
| Since inceptionDec 12, 2024 | +30.8% | +30.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PRVS vs SPY
From Dec 12, 2024: PRVS grew to $13,076, SPY to $12,866.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PRVS returns by calendar year
1 of 1 full years positive. Best 2025 (+18.1%), worst 2025 (+18.1%). 2026 is year to date.
PRVS annual returns table
| Year | PRVS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +15.8% | −9.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +18.1% | −17.6% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PRVS largest drawdowns
Now 3.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 23, 2025 | −17.6% | Apr 8, 2025 | Jul 2, 2025 | 2 months | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PRVS risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +19.3% |
| Volatility (annualized) | 13.3% |
| Sharpe ratio | 1.12 |
| Sortino ratio | 1.94 |
| Best month | +9.3% |
| Worst month | −6.9% |
| Best 12 months | +33.7% |
| Worst 12 months | +17.3% |
| Positive months | 76% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PRVS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 11 | +17.3% | +22.6% | +33.7% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
PRVS performance overview
Parnassus Income Funds (PRVS) returned +20.2% over the past year, with distributions reinvested. Since its first recorded price on Dec 12, 2024 it has returned +30.8%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −17.6%, from Jan 23, 2025 to Apr 8, 2025, and it took 3 months to get back to the old high. Volatility has been 13.3% a year.
Related: PRVS chart, PRVS holdings, PRVS dividends, PRVS valuation. See the PRVS overview for the latest quote and fund facts.
PRVS performance FAQ
What is the PRVS return over the past year?
PRVS returned +20.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 19.5%.
How much would $10,000 invested in PRVS be worth?
$10,000 invested in PRVS at its first recorded close on December 12, 2024 would be worth about $13,076 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of PRVS?
The largest peak-to-trough decline was −17.6% between January 23, 2025 and April 8, 2025. It recovered to the old high on July 2, 2025, 3 months after the bottom.
How volatile is PRVS?
Over the past history PRVS had an annualized volatility of 13.3% and a Sharpe ratio of 1.12 (excess return over 1–3 month T-bills per unit of risk).