NOSIX vs. PRBLX
Compare and contrast key facts about Northern Stock Index Fund (NOSIX) and Parnassus Core Equity Fund (PRBLX).
NOSIX is managed by Northern Funds. It was launched on Oct 7, 1996. PRBLX is managed by Parnassus. It was launched on Aug 31, 1992.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOSIX or PRBLX.
Key characteristics
| NOSIX | PRBLX | |
|---|---|---|
| YTD Return | 26.85% | 22.15% |
| 1Y Return | 37.54% | 24.91% |
| 3Y Return (Ann) | 10.14% | 0.77% |
| 5Y Return (Ann) | 15.86% | 7.31% |
| 10Y Return (Ann) | 13.33% | 6.13% |
| Sharpe Ratio | 3.05 | 1.89 |
| Sortino Ratio | 4.06 | 2.45 |
| Omega Ratio | 1.57 | 1.36 |
| Calmar Ratio | 4.43 | 1.17 |
| Martin Ratio | 20.05 | 11.56 |
| Ulcer Index | 1.87% | 2.13% |
| Daily Std Dev | 12.28% | 13.00% |
| Max Drawdown | -55.43% | -45.76% |
| Current Drawdown | -0.28% | 0.00% |
Correlation
The correlation between NOSIX and PRBLX is 0.92, 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. PRBLX - Performance Comparison
In the year-to-date period, NOSIX achieves a 26.85% return, which is significantly higher than PRBLX's 22.15% return. Over the past 10 years, NOSIX has outperformed PRBLX with an annualized return of 13.33%, while PRBLX has yielded a comparatively lower 6.13% 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. PRBLX - Expense Ratio Comparison
NOSIX has a 0.05% expense ratio, which is lower than PRBLX's 0.82% expense ratio.
Risk-Adjusted Performance
NOSIX vs. PRBLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Stock Index Fund (NOSIX) and Parnassus Core Equity Fund (PRBLX). 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. PRBLX - Dividend Comparison
NOSIX's dividend yield for the trailing twelve months is around 1.25%, more than PRBLX's 0.36% 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% |
PRBLX Parnassus Core Equity Fund | 0.36% | 0.57% | 0.49% | 0.83% | 0.57% | 0.73% | 1.14% | 1.30% | 1.02% | 2.17% | 1.46% | 1.32% |
Drawdowns
NOSIX vs. PRBLX - Drawdown Comparison
The maximum NOSIX drawdown since its inception was -55.43%, which is greater than PRBLX's maximum drawdown of -45.76%. Use the drawdown chart below to compare losses from any high point for NOSIX and PRBLX. For additional features, visit the drawdowns tool.
Volatility
NOSIX vs. PRBLX - Volatility Comparison
Northern Stock Index Fund (NOSIX) and Parnassus Core Equity Fund (PRBLX) have volatilities of 3.85% and 3.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.