Parnassus Mid Cap Fund (PARMX) belongs to the Mid Cap Blend Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PARMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PARMX
PARMX charges 0.96% annually. There are 73 mutual funds in the Mid Cap Blend Equities category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Mid Cap Index Fund | 0.03% | — | Sep 2011 | PARMX vs FSMDX | |
| Vanguard Mid-Cap Index Fund Institutional Plus Sha... | 0.03% | 218.80B | Dec 2010 | PARMX vs VMCPX | |
| Vanguard Mid-Cap Index Fund Institutional Shares | 0.03% | 218.80B | May 1998 | PARMX vs VMCIX | |
| Vanguard Extended Market Index Fund Institutional ... | 0.04% | 93.70B | Jan 2011 | PARMX vs VEMPX | |
| Fidelity Extended Market Index Fund | 0.04% | — | — | PARMX vs FSMAX |
Best Risk-Adjusted Alternatives to PARMX
PARMX has a PortfoliosLab risk / return rank of 28. There are 94 mutual funds in the Mid Cap Blend Equities category with higher risk-adjusted ranks, going as high as 90.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Paradigm Select Fund | 90 | — | Jan 2005 | PARMX vs PFSLX | |
| Vanguard Strategic Equity Fund | 86 | 11.50B | Aug 1995 | PARMX vs VSEQX | |
| Gotham Enhanced Return Fund | 84 | — | May 2013 | PARMX vs GENIX | |
| Hartford Schroders US MidCap Opportunities Fund | 81 | — | Mar 2006 | PARMX vs SMDIX | |
| Fidelity Advisor Mid Cap II Fund Class Z | 80 | — | Aug 2013 | PARMX vs FZAMX |
Top Performing PARMX Alternatives (YTD)
PARMX is at 9.99% YTD. There are 103 mutual funds in the Mid Cap Blend Equities category with higher YTD returns, going as high as 39.46%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Paradigm Select Fund | 39.46% | — | Jan 2005 | PARMX vs PFSLX | |
| 13D Activist Fund | 31.30% | — | Dec 2011 | PARMX vs DDDIX | |
| Fidelity SAI Small-Mid Cap 500 Index Fund | 29.91% | — | Aug 2015 | PARMX vs FZFLX | |
| Hodges Fund | 26.73% | — | Oct 1992 | PARMX vs HDPMX | |
| Fidelity Advisor Mid Cap II Fund Class Z | 24.30% | — | Aug 2013 | PARMX vs FZAMX |
Lowest Volatility Alternatives to PARMX
PARMX has 15.41% 1-year volatility. There are 53 mutual funds in the Mid Cap Blend Equities category with lower 1-year volatility, going as low as 9.68%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Gabelli Focused Growth and Income Fund | 9.68% | — | Dec 2002 | PARMX vs GWSAX | |
| Timothy Plan Large/Mid Cap Value Fund | 11.72% | — | Jul 1999 | PARMX vs TLVAX | |
| Boston Trust Midcap Fund | 11.77% | — | — | PARMX vs BTMFX | |
| Boston Trust Walden Midcap Fund | 11.89% | — | Aug 2011 | PARMX vs WAMFX | |
| Victory RS Investors Fund | 11.98% | — | Nov 2005 | PARMX vs RSINX |
Lowest Drawdown Alternatives to PARMX
PARMX has a 1-year max drawdown of -10.49%. There are 91 mutual funds in the Mid Cap Blend Equities category with shallower 1-year drawdowns, going as shallow as -6.33%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FullerThaler Behavioral Mid-Cap Equity Fund Instit... | -6.33% | — | Oct 2023 | PARMX vs FTHMX | |
| Gotham Enhanced Return Fund | -6.44% | — | May 2013 | PARMX vs GENIX | |
| Gabelli Focused Growth and Income Fund | -6.54% | — | Dec 2002 | PARMX vs GWSAX | |
| Fuller & Thaler Behavioral Small-Mid Core Equity F... | -6.80% | — | Dec 2018 | PARMX vs FTSIX | |
| BNY Mellon Active MidCap Fund | -7.29% | — | Jan 1985 | PARMX vs DNLDX |
Other Mutual Funds from Parnassus
The 4 most viewed Parnassus mutual funds shown here include PRBLX, PRILX, PARWX and span 3 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Parnassus Core Equity Fund Investor Shares | Large Cap Blend Equities | 21 | 8.73% | — | Aug 1992 | PARMX vs PRBLX | |
| Parnassus Core Equity Institutional Shares | Large Cap Blend Equities | 22 | 8.84% | — | — | PARMX vs PRILX | |
| Parnassus Endeavor Fund | Large Cap Value Equities | 89 | 15.62% | — | Apr 2005 | PARMX vs PARWX | |
| Parnassus Mid Cap Growth Fund | Mid Cap Growth Equities | 15 | 7.77% | — | Dec 1984 | PARMX vs PARNX |
Often Compared With PARMX
Investors most often compare PARMX with NOSIX, WASMX, CMJAX. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare PARMX with Any Fund or Stock
Compare PARMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PARMX with funds that move differently
Parnassus Mid Cap Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PARMX.
Explore PARMX Diversifiers