PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Parnassus Endeavor Fund (PARWX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund’s objective is to achieve capital appreciation by investing primarily in a diversified portfolio of equity securities. Equity securities include common and preferred stock. These companies must, in the adviser's opinion, be undervalued, but they must also have good prospects for long-term capital appreciation over the course of the expected holding period.

Looking to diversify beyond PARWX? The mutual funds below have the lowest correlation with PARWX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PARWX.

Best Diversifiers for PARWX

0 mutual funds have low correlation with PARWX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund (SVAIX) (Large Cap Value Equities) with a 1Y correlation of 0.33, down from 0.63 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SVAIX
Federated Hermes Strategic Value Dividend Fund0.330.500.63
78
Large Cap Value EquitiesPARWX vs SVAIX
HFCVX
Hennessy Cornerstone Value Fund0.470.650.73
81
Large Cap Value EquitiesPARWX vs HFCVX
BPTRX
Baron Partners Fund0.520.590.64
72
Large Cap Growth EquitiesPARWX vs BPTRX
SMVLX
Smead Value Fund0.550.730.79
62
Large Cap Value EquitiesPARWX vs SMVLX
ACIIX
American Century Equity Income Fund Class I0.640.740.80
52
Large Cap Value EquitiesPARWX vs ACIIX
See all 44 diversifiers for PARWX

To view more results, upgrade your current subscription plan.

Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from PARWX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PARWX and solid risk/return profiles. The least correlated is AbbVie Inc. (ABBV) (Healthcare) with a 1Y correlation of 0.07, down from 0.28 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
ABBV
AbbVie Inc.0.070.260.28
71
Healthcare
AAPL
Apple Inc0.340.340.49
88
Technology

Rows per page

1–2 of 2

Diversification Analysis

Build a portfolio that complements PARWX

Add PARWX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with PARWX