CTCAX vs. PARWX
Compare and contrast key facts about Columbia Global Technology Growth Fund Class A (CTCAX) and Parnassus Endeavor Fund (PARWX).
CTCAX is managed by Columbia Threadneedle. It was launched on Nov 9, 2000. PARWX 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: CTCAX or PARWX.
Correlation
The correlation between CTCAX and PARWX is 0.80, 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
CTCAX vs. PARWX - Performance Comparison
Key characteristics
CTCAX:
1.26
PARWX:
0.44
CTCAX:
1.75
PARWX:
0.63
CTCAX:
1.23
PARWX:
1.09
CTCAX:
1.70
PARWX:
0.35
CTCAX:
5.59
PARWX:
1.47
CTCAX:
5.07%
PARWX:
3.96%
CTCAX:
22.53%
PARWX:
13.35%
CTCAX:
-62.92%
PARWX:
-48.96%
CTCAX:
-5.15%
PARWX:
-10.85%
Returns By Period
In the year-to-date period, CTCAX achieves a -1.12% return, which is significantly lower than PARWX's 0.23% return. Over the past 10 years, CTCAX has outperformed PARWX with an annualized return of 17.23%, while PARWX has yielded a comparatively lower 7.58% annualized return.
CTCAX
-1.12%
-4.76%
-0.50%
28.25%
15.57%
17.23%
PARWX
0.23%
-3.44%
-4.46%
5.83%
7.29%
7.58%
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CTCAX vs. PARWX - Expense Ratio Comparison
CTCAX has a 1.18% expense ratio, which is higher than PARWX's 0.88% expense ratio.
Risk-Adjusted Performance
CTCAX vs. PARWX — Risk-Adjusted Performance Rank
CTCAX
PARWX
CTCAX vs. PARWX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Global Technology Growth Fund Class A (CTCAX) and Parnassus Endeavor Fund (PARWX). 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.
Dividends
CTCAX vs. PARWX - Dividend Comparison
CTCAX has not paid dividends to shareholders, while PARWX's dividend yield for the trailing twelve months is around 1.43%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTCAX Columbia Global Technology Growth Fund Class A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.46% |
PARWX Parnassus Endeavor Fund | 1.43% | 1.43% | 1.20% | 1.19% | 1.80% | 0.70% | 0.79% | 1.80% | 2.08% | 0.98% | 3.11% | 1.71% |
Drawdowns
CTCAX vs. PARWX - Drawdown Comparison
The maximum CTCAX drawdown since its inception was -62.92%, which is greater than PARWX's maximum drawdown of -48.96%. Use the drawdown chart below to compare losses from any high point for CTCAX and PARWX. For additional features, visit the drawdowns tool.
Volatility
CTCAX vs. PARWX - Volatility Comparison
Columbia Global Technology Growth Fund Class A (CTCAX) has a higher volatility of 6.33% compared to Parnassus Endeavor Fund (PARWX) at 4.40%. This indicates that CTCAX's price experiences larger fluctuations and is considered to be riskier than PARWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.