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.
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
Key characteristics
NOSIX:
1.94
PARMX:
0.28
NOSIX:
2.60
PARMX:
0.46
NOSIX:
1.36
PARMX:
1.06
NOSIX:
2.89
PARMX:
0.18
NOSIX:
12.57
PARMX:
1.08
NOSIX:
1.95%
PARMX:
3.68%
NOSIX:
12.61%
PARMX:
14.22%
NOSIX:
-55.43%
PARMX:
-51.40%
NOSIX:
-5.15%
PARMX:
-18.24%
Returns By Period
In the year-to-date period, NOSIX achieves a 22.50% return, which is significantly higher than PARMX's 1.56% return. Over the past 10 years, NOSIX has outperformed PARMX with an annualized return of 12.67%, while PARMX has yielded a comparatively lower 3.66% annualized return.
NOSIX
22.50%
-2.38%
6.24%
23.13%
14.07%
12.67%
PARMX
1.56%
-11.82%
-0.55%
2.60%
1.42%
3.66%
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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 0.91%, while PARMX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOSIX Northern Stock Index Fund | 0.91% | 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 | 0.00% | 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
The current volatility for Northern Stock Index Fund (NOSIX) is 3.99%, while Parnassus Mid Cap Fund (PARMX) has a volatility of 6.94%. This indicates that NOSIX 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.