CMJAX vs. PARMX
Compare and contrast key facts about Calvert US Mid-Cap Core Responsible Index Fund Class A (CMJAX) and Parnassus Mid Cap Fund (PARMX).
CMJAX is a passively managed fund by Calvert Research and Management that tracks the performance of the Calvert US Mid-Cap Core Responsible Index. It was launched on Oct 30, 2015. PARMX is managed by Parnassus. It was launched on Apr 29, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CMJAX or PARMX.
Correlation
The correlation between CMJAX and PARMX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CMJAX vs. PARMX - Performance Comparison
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Key characteristics
CMJAX:
0.23
PARMX:
-0.13
CMJAX:
0.42
PARMX:
-0.10
CMJAX:
1.06
PARMX:
0.99
CMJAX:
0.18
PARMX:
-0.11
CMJAX:
0.58
PARMX:
-0.31
CMJAX:
6.50%
PARMX:
11.04%
CMJAX:
19.38%
PARMX:
19.96%
CMJAX:
-38.09%
PARMX:
-51.40%
CMJAX:
-8.51%
PARMX:
-18.69%
Returns By Period
In the year-to-date period, CMJAX achieves a -1.53% return, which is significantly lower than PARMX's 0.37% return.
CMJAX
-1.53%
8.89%
-6.29%
4.35%
8.40%
10.72%
N/A
PARMX
0.37%
8.62%
-13.59%
-2.65%
1.08%
4.22%
3.51%
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CMJAX vs. PARMX - Expense Ratio Comparison
CMJAX has a 0.49% expense ratio, which is lower than PARMX's 0.96% expense ratio.
Risk-Adjusted Performance
CMJAX vs. PARMX — Risk-Adjusted Performance Rank
CMJAX
PARMX
CMJAX vs. PARMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert US Mid-Cap Core Responsible Index Fund Class A (CMJAX) and Parnassus Mid Cap Fund (PARMX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
CMJAX vs. PARMX - Dividend Comparison
CMJAX's dividend yield for the trailing twelve months is around 0.91%, more than PARMX's 0.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMJAX Calvert US Mid-Cap Core Responsible Index Fund Class A | 0.91% | 0.89% | 0.84% | 0.80% | 0.34% | 0.56% | 0.63% | 1.10% | 0.95% | 0.72% | 0.29% | 0.00% |
PARMX Parnassus Mid Cap Fund | 0.21% | 0.21% | 0.37% | 0.01% | 0.03% | 0.19% | 0.51% | 0.76% | 1.49% | 0.38% | 0.70% | 0.72% |
Drawdowns
CMJAX vs. PARMX - Drawdown Comparison
The maximum CMJAX drawdown since its inception was -38.09%, smaller than the maximum PARMX drawdown of -51.40%. Use the drawdown chart below to compare losses from any high point for CMJAX and PARMX. For additional features, visit the drawdowns tool.
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Volatility
CMJAX vs. PARMX - Volatility Comparison
The current volatility for Calvert US Mid-Cap Core Responsible Index Fund Class A (CMJAX) is 5.23%, while Parnassus Mid Cap Fund (PARMX) has a volatility of 5.53%. This indicates that CMJAX experiences smaller price fluctuations and is considered to be less risky than PARMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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