Parnassus Core Equity Institutional Shares (PRILX)

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

Parnassus Core Equity Institutional Shares (PRILX) has returned -8.59% so far this year and 4.82% over the past 12 months. Over the last decade, PRILX has posted an annualized return of 12.21%, slightly higher than the S&P 500 Index benchmark’s 12.16%.

Based on dividend-adjusted daily data since Apr 28, 2006, PRILX's average daily return is +0.05%, while the average monthly return is +0.95%. At this rate, your investment would double in approximately 6.1 years.

Historically, 67% of months were positive and 33% were negative. The best month was Apr 2009 with a return of +10.7%, while the worst month was Oct 2008 at -15.4%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.

On a daily basis, PRILX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +12.0%, while the worst single day was Mar 16, 2020 at -10.6%.

Parnassus Core Equity Institutional Shares has an annualized alpha of 3.37%, beta of 0.88, and R² of 0.95 versus S&P 500 Index. Calculated based on daily prices since May 01, 2006.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (96.91%) than losses (84.79%) — typical of diversified or defensive assets.
• This fund generated an annualized alpha of 3.37% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
• With beta of 0.88 and R² of 0.95, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

PRILX has an expense ratio of 0.61%, placing it in the medium range.

PRILX ranks 11 for risk / return — in the bottom 11% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Parnassus Core Equity Institutional Shares (PRILX) and compare them to a chosen benchmark (S&P 500 Index).

Parnassus Core Equity Institutional Shares provided a 20.85% dividend yield over the last twelve months, with an annual payout of $10.70 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Parnassus Core Equity Institutional Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Parnassus Core Equity Institutional Shares. 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 Core Equity Institutional Shares was 42.00%, occurring on Mar 9, 2009. Recovery took 216 trading sessions.

The current Parnassus Core Equity Institutional Shares drawdown is 11.59%.

The chart below shows the rolling one-month volatility.