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Parnassus Fixed Income Fund (PRFIX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US7017692002

CUSIP

701769200

Issuer

Parnassus

Inception Date

Aug 31, 1992

Min. Investment

$2,000

Asset Class

Bond

Expense Ratio

PRFIX features an expense ratio of 0.68%, falling within the medium range.


Expense ratio chart for PRFIX: current value at 0.68% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.68%

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:
PRFIX vs. STLG
Popular comparisons:
PRFIX vs. STLG

Performance

Performance Chart

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


200.00%400.00%600.00%800.00%1,000.00%1,200.00%JulyAugustSeptemberOctoberNovemberDecember
197.23%
1,225.45%
PRFIX (Parnassus Fixed Income Fund)
Benchmark (^GSPC)

Returns By Period

Parnassus Fixed Income Fund had a return of 1.19% year-to-date (YTD) and 1.74% in the last 12 months. Over the past 10 years, Parnassus Fixed Income Fund had an annualized return of 1.07%, while the S&P 500 had an annualized return of 11.06%, indicating that Parnassus Fixed Income Fund did not perform as well as the benchmark.


PRFIX

YTD

1.19%

1M

-0.95%

6M

1.03%

1Y

1.74%

5Y*

-0.67%

10Y*

1.07%

^GSPC (Benchmark)

YTD

24.34%

1M

0.23%

6M

8.53%

1Y

24.95%

5Y*

13.01%

10Y*

11.06%

Monthly Returns

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-0.17%-1.36%1.12%-2.47%1.58%1.11%1.85%1.53%1.33%-1.99%0.68%1.19%
20233.65%-2.55%1.62%0.64%-1.13%-0.01%0.31%-0.61%-2.40%-1.56%4.88%4.02%6.74%
2022-2.79%-1.55%-2.49%-4.59%0.37%-2.06%2.67%-2.67%-3.94%-1.18%3.66%-0.46%-14.32%
2021-1.18%-1.98%-1.22%0.94%0.35%1.21%1.10%-0.25%-0.95%-0.06%-0.78%0.05%-2.79%
20202.20%1.87%-0.73%2.08%0.51%0.58%1.67%-0.98%0.12%-0.72%0.61%-0.04%7.34%
20191.65%0.32%2.19%-0.08%1.84%1.45%0.15%2.83%-0.71%0.24%-0.28%-0.27%9.64%
2018-1.23%-0.73%0.29%-0.62%0.35%-0.12%0.10%0.76%-0.57%-0.74%0.28%1.14%-1.11%
20170.35%0.75%-0.05%0.78%0.63%-0.10%0.58%0.62%-0.56%0.13%-0.20%0.14%3.11%
20161.07%0.41%0.85%0.35%0.04%1.55%0.70%0.07%0.10%-0.67%-2.58%0.18%2.03%
20151.72%-0.73%0.47%-0.27%-0.02%-1.05%0.55%-0.25%0.72%-0.03%-0.21%-0.23%0.63%
20141.33%0.78%-0.25%0.60%0.95%-0.01%-0.27%0.88%-0.72%0.62%-0.32%0.01%3.64%
2013-1.06%0.54%0.10%1.17%-1.50%-1.31%-0.09%-0.53%0.73%0.36%-2.55%-0.74%-4.82%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of PRFIX is 20, meaning it’s performing worse than 80% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of PRFIX is 2020
Overall Rank
The Sharpe Ratio Rank of PRFIX is 2323
Sharpe Ratio Rank
The Sortino Ratio Rank of PRFIX is 2222
Sortino Ratio Rank
The Omega Ratio Rank of PRFIX is 1919
Omega Ratio Rank
The Calmar Ratio Rank of PRFIX is 1717
Calmar Ratio Rank
The Martin Ratio Rank of PRFIX is 2121
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 Fixed Income Fund (PRFIX) 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 PRFIX, currently valued at 0.31, compared to the broader market-1.000.001.002.003.004.000.312.10
The chart of Sortino ratio for PRFIX, currently valued at 0.46, compared to the broader market-2.000.002.004.006.008.0010.000.462.80
The chart of Omega ratio for PRFIX, currently valued at 1.05, compared to the broader market0.501.001.502.002.503.003.501.051.39
The chart of Calmar ratio for PRFIX, currently valued at 0.11, compared to the broader market0.002.004.006.008.0010.0012.0014.000.113.09
The chart of Martin ratio for PRFIX, currently valued at 0.97, compared to the broader market0.0020.0040.0060.000.9713.49
PRFIX
^GSPC

The current Parnassus Fixed Income Fund Sharpe ratio is 0.31. 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 Fixed Income 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 Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
0.31
2.10
PRFIX (Parnassus Fixed Income Fund)
Benchmark (^GSPC)

Dividends

Dividend History

Parnassus Fixed Income Fund provided a 3.04% dividend yield over the last twelve months, with an annual payout of $0.44 per share. The fund has been increasing its distributions for 3 consecutive years.


1.50%2.00%2.50%3.00%$0.00$0.10$0.20$0.30$0.40$0.5020132014201520162017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.44$0.47$0.37$0.29$0.29$0.39$0.43$0.39$0.36$0.33$0.37$0.29

Dividend yield

3.04%3.15%2.53%1.67%1.59%2.31%2.72%2.34%2.18%1.98%2.20%1.78%

Monthly Dividends

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.04$0.04$0.05$0.05$0.05$0.04$0.05$0.04$0.05$0.05$0.00$0.00$0.44
2023$0.04$0.03$0.05$0.03$0.04$0.04$0.04$0.04$0.05$0.04$0.04$0.04$0.47
2022$0.02$0.02$0.04$0.03$0.03$0.04$0.03$0.03$0.04$0.03$0.03$0.03$0.37
2021$0.02$0.02$0.03$0.02$0.02$0.03$0.02$0.03$0.03$0.02$0.02$0.03$0.29
2020$0.03$0.03$0.03$0.02$0.02$0.03$0.02$0.02$0.03$0.02$0.02$0.02$0.29
2019$0.03$0.03$0.03$0.04$0.03$0.03$0.04$0.03$0.05$0.03$0.03$0.02$0.39
2018$0.03$0.03$0.03$0.04$0.04$0.04$0.04$0.03$0.06$0.04$0.03$0.03$0.43
2017$0.03$0.03$0.03$0.03$0.04$0.03$0.03$0.03$0.04$0.02$0.04$0.04$0.39
2016$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.05$0.02$0.04$0.03$0.36
2015$0.03$0.03$0.03$0.02$0.03$0.03$0.03$0.03$0.05$0.02$0.03$0.01$0.33
2014$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.01$0.03$0.07$0.37
2013$0.02$0.02$0.03$0.03$0.03$0.02$0.03$0.02$0.02$0.01$0.03$0.03$0.29

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.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-11.14%
-2.62%
PRFIX (Parnassus Fixed Income Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Parnassus Fixed Income 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 Fixed Income Fund was 21.14%, occurring on Oct 21, 2022. The portfolio has not yet recovered.

The current Parnassus Fixed Income Fund drawdown is 11.14%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-21.14%Aug 5, 2020559Oct 21, 2022
-11.51%Oct 18, 1993275Nov 4, 1994129May 4, 1995404
-8.93%Oct 6, 1998420May 18, 2000167Jan 18, 2001587
-6.48%Mar 10, 20208Mar 19, 202057Jun 10, 202065
-6.25%Nov 5, 201065Feb 8, 2011127Aug 10, 2011192

Volatility

Volatility Chart

The current Parnassus Fixed Income Fund volatility is 1.39%, 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.


1.00%2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
1.39%
3.79%
PRFIX (Parnassus Fixed Income Fund)
Benchmark (^GSPC)
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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