NOSIX vs. PARMX
Compare and contrast key facts about Northern Stock Index Fund (NOSIX) and Parnassus Mid Cap Fund (PARMX).
NOSIX is managed by Northern Funds. It was launched on Oct 7, 1996. 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: NOSIX or PARMX.
Key characteristics
| NOSIX | PARMX | |
|---|---|---|
| YTD Return | 27.08% | 17.53% |
| 1Y Return | 39.84% | 31.09% |
| 3Y Return (Ann) | 10.18% | -1.53% |
| 5Y Return (Ann) | 15.91% | 4.42% |
| 10Y Return (Ann) | 13.35% | 5.37% |
| Sharpe Ratio | 3.13 | 2.33 |
| Sortino Ratio | 4.16 | 3.29 |
| Omega Ratio | 1.58 | 1.40 |
| Calmar Ratio | 4.58 | 1.09 |
| Martin Ratio | 20.75 | 9.70 |
| Ulcer Index | 1.87% | 3.14% |
| Daily Std Dev | 12.39% | 13.06% |
| Max Drawdown | -55.43% | -51.40% |
| Current Drawdown | 0.00% | -5.38% |
Correlation
The correlation between NOSIX and PARMX is 0.90, 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
NOSIX vs. PARMX - Performance Comparison
In the year-to-date period, NOSIX achieves a 27.08% return, which is significantly higher than PARMX's 17.53% return. Over the past 10 years, NOSIX has outperformed PARMX with an annualized return of 13.35%, while PARMX has yielded a comparatively lower 5.37% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NOSIX vs. PARMX - Expense Ratio Comparison
NOSIX has a 0.05% expense ratio, which is lower than PARMX's 0.96% expense ratio.
Risk-Adjusted Performance
NOSIX vs. PARMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Stock Index Fund (NOSIX) 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.
Dividends
NOSIX vs. PARMX - Dividend Comparison
NOSIX's dividend yield for the trailing twelve months is around 1.25%, more than PARMX's 0.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOSIX Northern Stock Index Fund | 1.25% | 1.56% | 1.68% | 1.15% | 1.53% | 1.70% | 2.09% | 1.73% | 2.06% | 1.99% | 1.77% | 1.74% |
PARMX Parnassus Mid Cap Fund | 0.31% | 0.37% | 0.01% | 0.03% | 0.19% | 0.51% | 0.76% | 1.49% | 0.38% | 0.70% | 0.72% | 1.04% |
Drawdowns
NOSIX vs. PARMX - Drawdown Comparison
The maximum NOSIX drawdown since its inception was -55.43%, which is greater than PARMX's maximum drawdown of -51.40%. Use the drawdown chart below to compare losses from any high point for NOSIX and PARMX. For additional features, visit the drawdowns tool.
Volatility
NOSIX vs. PARMX - Volatility Comparison
Northern Stock Index Fund (NOSIX) has a higher volatility of 3.91% compared to Parnassus Mid Cap Fund (PARMX) at 3.48%. This indicates that NOSIX's price experiences larger fluctuations and is considered to be riskier than PARMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.