Parnassus Mid Cap Growth Fund (PARNX) belongs to the Mid Cap Growth Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PARNX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PARNX
PARNX charges 0.80% annually. There are 50 mutual funds in the Mid Cap Growth Equities category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Small/Mid Cap Equity Index Portfolio | 0.02% | — | Aug 2015 | PARNX vs SSMHX | |
| Fidelity Extended Market Index Fund | 0.04% | — | — | PARNX vs FSMAX | |
| Morgan Stanley Discovery Portfolio | 0.04% | — | Apr 2017 | PARNX vs MMGPX | |
| Fidelity Mid Cap Growth Index Fund | 0.05% | — | Jul 2019 | PARNX vs FMDGX | |
| Vanguard Mid-Cap Growth Index Fund Admiral Shares | 0.07% | 32.20B | Sep 2011 | PARNX vs VMGMX |
Best Risk-Adjusted Alternatives to PARNX
PARNX has a PortfoliosLab risk / return rank of 15. There are 60 mutual funds in the Mid Cap Growth Equities category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Needham Growth Fund | 93 | — | Jan 1996 | PARNX vs NEEGX | |
| Needham Growth Fund Institutional Class | 93 | — | Dec 2016 | PARNX vs NEEIX | |
| Vanguard Capital Opportunity Fund Investor Shares | 91 | 27.60B | Aug 1995 | PARNX vs VHCOX | |
| Timothy Plan Aggressive Growth Fund | 90 | — | Oct 2000 | PARNX vs TAAGX | |
| PrimeCap Odyssey Aggressive Growth Fund | 83 | — | Nov 2004 | PARNX vs POAGX |
Top Performing PARNX Alternatives (YTD)
PARNX is at 6.00% YTD. There are 94 mutual funds in the Mid Cap Growth Equities category with higher YTD returns, going as high as 59.61%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Needham Growth Fund Institutional Class | 59.61% | — | Dec 2016 | PARNX vs NEEIX | |
| Needham Growth Fund | 59.35% | — | Jan 1996 | PARNX vs NEEGX | |
| Timothy Plan Aggressive Growth Fund | 36.54% | — | Oct 2000 | PARNX vs TAAGX | |
| Essex Environmental Opportunities Fund | 31.64% | — | Sep 2017 | PARNX vs EEOFX | |
| Calamos Timpani SMID Growth Fund | 29.85% | — | Jul 2019 | PARNX vs CTIGX |
Lowest Volatility Alternatives to PARNX
PARNX has 18.63% 1-year volatility. There are 109 mutual funds in the Mid Cap Growth Equities category with lower 1-year volatility, going as low as 11.30%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Villere Equity Fund | 11.30% | — | May 2013 | PARNX vs VLEQX | |
| BBH Select Series - Mid Cap Fund | 11.62% | — | May 2021 | PARNX vs BBMIX | |
| Bright Rock Mid Cap Growth Fund | 12.19% | — | May 2010 | PARNX vs BQMGX | |
| JPMorgan Mid Cap Equity Fund | 12.38% | — | Dec 1996 | PARNX vs VSNGX | |
| Sparrow Growth Fund | 12.94% | — | Oct 1998 | PARNX vs SGFFX |
Lowest Drawdown Alternatives to PARNX
PARNX has a 1-year max drawdown of -14.49%. There are 91 mutual funds in the Mid Cap Growth Equities category with shallower 1-year drawdowns, going as shallow as -7.81%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Munder Mid-Cap Core Growth Fund | -7.81% | — | Jun 1998 | PARNX vs MGOYX | |
| Villere Equity Fund | -8.09% | — | May 2013 | PARNX vs VLEQX | |
| JPMorgan Mid Cap Equity Fund | -8.24% | — | Dec 1996 | PARNX vs VSNGX | |
| BBH Select Series - Mid Cap Fund | -8.89% | — | May 2021 | PARNX vs BBMIX | |
| Guggenheim StylePlus - Mid Growth Fund | -9.17% | — | Sep 1969 | PARNX vs SECUX |
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 | Large Cap Blend Equities | 20 | 6.73% | — | Aug 1992 | PARNX vs PRBLX | |
| Parnassus Core Equity Institutional Shares | Large Cap Blend Equities | 21 | 6.81% | — | — | PARNX vs PRILX | |
| Parnassus Endeavor Fund | Large Cap Value Equities | 85 | 12.10% | — | Apr 2005 | PARNX vs PARWX | |
| Parnassus Mid Cap Fund | Mid Cap Blend Equities | 23 | 6.18% | — | Apr 2005 | PARNX vs PARMX |
Often Compared With PARNX
Investors most often compare PARNX with VAFAX, SWYJX, FLAPX. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare PARNX with Any Fund or Stock
Compare PARNX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PARNX with funds that move differently
Parnassus Mid Cap Growth Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PARNX.
Explore PARNX Diversifiers