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Parnassus Endeavor Fund (PARWX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 11, 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

2 mutual funds have low correlation with PARWX (below 0.3), 0 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of 0.13, down from 0.59 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
LEXCX
Voya Corporate Leaders Trust Fund0.130.460.59
68
Large Cap Value EquitiesPARWX vs LEXCX
SVAIX
Federated Hermes Strategic Value Dividend Fund0.290.490.62
86
Large Cap Value EquitiesPARWX vs SVAIX
BUFBX
Buffalo Flexible Income Fund0.360.600.71
61
Large Cap Value EquitiesPARWX vs BUFBX
HFCVX
Hennessy Cornerstone Value Fund0.450.640.72
87
Large Cap Value EquitiesPARWX vs HFCVX
YAFFX
AMG Yacktman Focused Fund0.500.660.76
86
Large Cap Value EquitiesPARWX vs YAFFX
See all 51 diversifiers for PARWX

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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 0.09, down from 0.29 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
ABBV
AbbVie Inc.0.090.250.29
77
Healthcare
AAPL
Apple Inc0.340.380.54
90
Technology

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