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Parnassus Mid Cap Growth Fund (PARNX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US7017651099

CUSIP

701765109

Issuer

Parnassus

Inception Date

Dec 27, 1984

Min. Investment

$2,000

Asset Class

Equity

Asset Class Size

Mid-Cap

Asset Class Style

Growth

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
PARNX vs. VAFAX PARNX vs. IUSG PARNX vs. VGT PARNX vs. FITLX
Popular comparisons:
PARNX vs. VAFAX PARNX vs. IUSG PARNX vs. VGT PARNX vs. FITLX

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Parnassus Mid Cap Growth Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
7.90%
12.33%
PARNX (Parnassus Mid Cap Growth Fund)
Benchmark (^GSPC)

Returns By Period

Parnassus Mid Cap Growth Fund had a return of 12.83% year-to-date (YTD) and 22.80% in the last 12 months. Over the past 10 years, Parnassus Mid Cap Growth Fund had an annualized return of 3.54%, while the S&P 500 had an annualized return of 11.13%, indicating that Parnassus Mid Cap Growth Fund did not perform as well as the benchmark.


PARNX

YTD

12.83%

1M

-0.21%

6M

6.52%

1Y

22.80%

5Y (annualized)

5.56%

10Y (annualized)

3.54%

^GSPC (Benchmark)

YTD

24.05%

1M

1.08%

6M

11.50%

1Y

30.38%

5Y (annualized)

13.77%

10Y (annualized)

11.13%

Monthly Returns

The table below presents the monthly returns of PARNX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-1.19%7.47%1.56%-7.11%1.89%2.27%2.69%3.42%2.21%-3.38%12.83%
202312.94%-1.17%1.89%-3.29%0.73%7.11%3.87%-1.11%-3.76%-4.17%9.05%7.24%31.43%
2022-14.81%-1.79%0.82%-12.41%-3.26%-7.87%12.72%-5.21%-9.03%4.76%3.80%-5.60%-34.31%
2021-1.87%3.35%-0.51%4.98%-2.75%4.47%2.54%1.02%-5.83%6.43%-5.62%0.80%6.30%
20200.14%-6.47%-14.24%11.00%9.13%3.83%7.33%1.92%-1.40%-0.38%6.39%5.50%21.85%
20199.52%3.74%1.37%2.72%-4.65%6.45%3.00%-2.21%0.96%-0.16%2.47%2.19%27.65%
20183.58%-3.80%-3.08%-0.41%-0.37%1.82%1.91%3.52%0.85%-6.61%-1.58%-10.81%-14.89%
20172.27%2.35%0.38%0.85%0.76%2.54%0.67%-2.00%2.64%0.82%-3.68%0.64%8.34%
2016-9.89%3.95%5.54%-1.70%3.48%-2.19%4.45%4.04%0.28%-3.09%4.88%2.83%12.03%
2015-3.31%7.61%-1.22%0.02%1.72%-1.25%2.05%-5.23%-3.14%6.73%-12.23%-3.16%-12.24%
2014-2.46%5.88%-0.13%-1.44%3.20%3.03%-3.01%5.01%-3.53%2.20%-1.21%1.05%8.37%
20135.15%-1.87%2.53%1.37%4.55%0.59%6.57%-3.71%6.47%2.54%-10.80%4.47%17.74%

Expense Ratio

PARNX features an expense ratio of 0.80%, falling within the medium range.


Expense ratio chart for PARNX: current value at 0.80% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.80%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of PARNX is 37, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.


The Risk-Adjusted Performance Rank of PARNX is 3737
Combined Rank
The Sharpe Ratio Rank of PARNX is 3737
Sharpe Ratio Rank
The Sortino Ratio Rank of PARNX is 3636
Sortino Ratio Rank
The Omega Ratio Rank of PARNX is 3333
Omega Ratio Rank
The Calmar Ratio Rank of PARNX is 4040
Calmar Ratio Rank
The Martin Ratio Rank of PARNX is 4040
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Parnassus Mid Cap Growth Fund (PARNX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for PARNX, currently valued at 1.52, compared to the broader market-1.000.001.002.003.004.005.001.522.46
The chart of Sortino ratio for PARNX, currently valued at 2.12, compared to the broader market0.005.0010.002.123.31
The chart of Omega ratio for PARNX, currently valued at 1.26, compared to the broader market1.002.003.004.001.261.46
The chart of Calmar ratio for PARNX, currently valued at 0.87, compared to the broader market0.005.0010.0015.0020.0025.000.873.55
The chart of Martin ratio for PARNX, currently valued at 7.70, compared to the broader market0.0020.0040.0060.0080.00100.007.7015.76
PARNX
^GSPC

The current Parnassus Mid Cap Growth Fund Sharpe ratio is 1.52. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Parnassus Mid Cap Growth Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
1.52
2.46
PARNX (Parnassus Mid Cap Growth Fund)
Benchmark (^GSPC)

Dividends

Dividend History

Parnassus Mid Cap Growth Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.


0.00%1.00%2.00%3.00%4.00%$0.00$0.50$1.00$1.50$2.0020132014201520162017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.00$0.00$0.00$0.93$0.06$1.28$0.54$0.45$0.36$1.78$1.62$1.94

Dividend yield

0.00%0.00%0.00%1.45%0.09%2.53%1.32%0.93%0.81%4.40%3.37%4.24%

Monthly Dividends

The table displays the monthly dividend distributions for Parnassus Mid Cap Growth Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.93$0.93
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.06$0.06
2019$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.28$1.28
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.54$0.54
2017$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.45$0.45
2016$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.36$0.36
2015$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.78$1.78
2014$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.62$1.62
2013$1.94$1.94

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.


-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-10.01%
-1.40%
PARNX (Parnassus Mid Cap Growth Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Parnassus Mid Cap Growth 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 Growth Fund was 71.21%, occurring on Nov 20, 2008. Recovery took 2821 trading sessions.

The current Parnassus Mid Cap Growth Fund drawdown is 10.01%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-71.21%Apr 10, 20002161Nov 20, 20082821Feb 10, 20204982
-57.11%Oct 14, 1997258Oct 8, 1998301Dec 3, 1999559
-43.38%Nov 17, 2021229Oct 14, 2022
-36.58%Jun 13, 1989352Oct 17, 1990130Apr 17, 1991482
-34.5%Feb 20, 202023Mar 23, 202082Jul 20, 2020105

Volatility

Volatility Chart

The current Parnassus Mid Cap Growth Fund volatility is 4.62%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%JuneJulyAugustSeptemberOctoberNovember
4.62%
4.07%
PARNX (Parnassus Mid Cap Growth Fund)
Benchmark (^GSPC)