- ISIN
- US7017658854
- CUSIP
- 701765885
- Issuer
- Parnassus
- Inception Date
- Apr 29, 2005
- Category
- Mid Cap Blend Equities
- Min. Investment
- $2,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
PARMX Performance Chart
Parnassus Mid Cap Fund (PARMX) is up 5.1% since the beginning of the year. PARMX is currently trading at $40 per share. Investors who bought $1,000 worth of PARMX shares 5 years ago would now be looking at an investment worth $1,247.
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Returns By Period
Parnassus Mid Cap Fund (PARMX) has returned 5.09% so far this year and 14.65% over the past 12 months. Over the last ten years, PARMX has returned 8.61% per year, falling short of the S&P 500 Index benchmark, which averaged 13.42% annually.
Parnassus Mid Cap Fund
- 1D
- 0.12%
- 1M
- -0.47%
- YTD
- 5.09%
- 6M
- 5.69%
- 1Y
- 14.65%
- 3Y*
- 13.88%
- 5Y*
- 4.51%
- 10Y*
- 8.61%
Benchmark (S&P 500 Index)
- 1D
- -0.26%
- 1M
- -0.17%
- YTD
- 7.91%
- 6M
- 7.98%
- 1Y
- 22.99%
- 3Y*
- 19.77%
- 5Y*
- 11.75%
- 10Y*
- 13.42%
PARMX Monthly Returns History
Based on dividend-adjusted daily data since Apr 29, 2005, PARMX's average daily return is +0.04%, while the average monthly return is +0.80%. At this rate, an investment would double in approximately 7.2 years.
Historically, 62% of months were positive and 38% were negative. The best month was Apr 2009 with a return of +13.4%, while the worst month was Oct 2008 at -18.2%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.
On a daily basis, PARMX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +11.8%, while the worst single day was Mar 16, 2020 at -12.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.46% | 0.97% | -7.42% | 7.96% | 0.59% | -0.91% | 5.09% | ||||||
| 2025 | 5.75% | -3.08% | -5.06% | -0.74% | 4.40% | 4.88% | 2.78% | 0.22% | 2.40% | 0.60% | 1.29% | -0.70% | 12.86% |
| 2024 | -0.30% | 5.76% | 2.75% | -7.21% | 0.83% | 0.69% | 6.55% | 3.31% | 2.08% | -1.90% | 6.35% | -8.03% | 10.05% |
| 2023 | 6.76% | -4.01% | -1.96% | -0.09% | -3.06% | 7.37% | 2.32% | -1.68% | -5.64% | -4.26% | 11.93% | 6.00% | 12.66% |
| 2022 | -9.27% | -3.71% | 2.03% | -5.96% | -0.18% | -6.00% | 8.66% | -5.36% | -10.75% | 7.11% | 6.32% | -4.40% | -21.41% |
| 2021 | -2.62% | 1.61% | 4.26% | 6.09% | -1.75% | 1.57% | 2.02% | 1.03% | -4.99% | 4.42% | -1.16% | 5.42% | 16.38% |
Benchmark Metrics
Parnassus Mid Cap Fund has an annualized alpha of 0.35%, beta of 0.93, and R2 of 0.89 versus S&P 500 Index. Calculated based on daily prices since April 29, 2005.
- This fund participated in 95.53% of S&P 500 Index downside but only 94.12% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.93 and R2 of 0.89, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.35%
- Beta
- 0.93
- R²
- 0.89
- Upside Capture
- 94.12%
- Downside Capture
- 95.53%
Expense Ratio
PARMX has a high expense ratio of 0.96%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
PARMX ranks 21 for risk / return — below 21% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Parnassus Mid Cap Fund (PARMX) and compare them to S&P 500 Index.
| PARMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.35 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 2.54 | -1.09 |
| Martin ratioReturn relative to average drawdown | 5.69 | 11.58 | -5.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Parnassus Mid Cap Fund provided a 9.75% dividend yield over the last twelve months, with an annual payout of $3.93 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.93 | $3.93 | $3.71 | $0.85 | $1.66 | $2.20 | $0.15 | $1.48 | $1.12 | $1.34 | $0.80 | $1.64 |
Dividend yield | 9.75% | 10.25% | 9.92% | 2.29% | 4.90% | 4.88% | 0.36% | 4.15% | 3.90% | 4.19% | 2.76% | 6.42% |
Monthly Dividends
The table displays the monthly dividend distributions for Parnassus Mid Cap Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.93 | $3.93 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.71 | $3.71 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.72 | $0.14 | $0.85 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.57 | $0.09 | $1.66 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.19 | $0.01 | $2.20 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Parnassus Mid Cap Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Parnassus Mid Cap Fund was 49.88%, occurring on Mar 9, 2009. Recovery took 440 trading sessions.
The current Parnassus Mid Cap Fund drawdown is 1.83%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -49.88%Mar 2009 | 1y 4mo | 1y 8mo | 3y 1moOct 2007 - Dec 2010 |
COVID crash2020 | -37.39%Mar 2020 | 1mo 4d | 6mo 20d | 7mo 24dFeb 2020 - Oct 2020 |
Bear market2022 | -29.27%Oct 2022 | 9mo 14d | 1y 11mo | 2y 8moJan 2022 - Sep 2024 |
2011 bear market2011 | -23.37%Oct 2011 | 5mo 4d | 5mo 12d | 10mo 16dMay 2011 - Mar 2012 |
2025 selloff2025 | -20.73%Apr 2025 | 4mo 12d | 3mo 16d | 7mo 28dNov 2024 - Jul 2025 |
Drawdown Indicators
| PARMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.88% | -56.78% | +6.90% |
Max Drawdown (1Y)Largest decline over 1 year | -10.49% | -9.10% | -1.39% |
Max Drawdown (3Y)Largest decline over 3 years | -20.73% | -18.90% | -1.83% |
Max Drawdown (5Y)Largest decline over 5 years | -29.27% | -25.43% | -3.84% |
Max Drawdown (10Y)Largest decline over 10 years | -37.39% | -33.92% | -3.47% |
Current DrawdownCurrent decline from peak | -1.83% | -2.93% | +1.10% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -10.72% | +3.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 1.99% | +0.67% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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