PARMX vs. ADJEX

In the year-to-date period, PARMX achieves a -0.32% return, which is significantly higher than ADJEX's -3.36% return. Over the past 10 years, PARMX has outperformed ADJEX with an annualized return of 7.51%, while ADJEX has yielded a comparatively lower 6.78% annualized return.

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PARMX has a 0.96% expense ratio, which is lower than ADJEX's 0.99% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for Parnassus Mid Cap Fund (PARMX) and Azzad Ethical Fund (ADJEX). 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.

The current PARMX Sharpe Ratio is 0.38, which is higher than the ADJEX Sharpe Ratio of -0.30. The chart below compares the historical Sharpe Ratios of PARMX and ADJEX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

PARMX's dividend yield for the trailing twelve months is around 9.95%, more than ADJEX's 5.66% yield.

The maximum PARMX drawdown since its inception was -49.87%, smaller than the maximum ADJEX drawdown of -55.91%. Use the drawdown chart below to compare losses from any high point for PARMX and ADJEX.

The current volatility for Parnassus Mid Cap Fund (PARMX) is 5.10%, while Azzad Ethical Fund (ADJEX) has a volatility of 5.88%. This indicates that PARMX experiences smaller price fluctuations and is considered to be less risky than ADJEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.