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PARMX vs. ADJEX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PARMX and ADJEX is 0.85, 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.


-0.50.00.51.00.8

Performance

PARMX vs. ADJEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Parnassus Mid Cap Fund (PARMX) and Azzad Ethical Fund (ADJEX). The values are adjusted to include any dividend payments, if applicable.

140.00%160.00%180.00%200.00%220.00%240.00%JulyAugustSeptemberOctoberNovemberDecember
187.25%
159.02%
PARMX
ADJEX

Key characteristics

Sharpe Ratio

PARMX:

0.28

ADJEX:

0.02

Sortino Ratio

PARMX:

0.46

ADJEX:

0.16

Omega Ratio

PARMX:

1.06

ADJEX:

1.02

Calmar Ratio

PARMX:

0.18

ADJEX:

0.01

Martin Ratio

PARMX:

1.08

ADJEX:

0.09

Ulcer Index

PARMX:

3.68%

ADJEX:

4.69%

Daily Std Dev

PARMX:

14.22%

ADJEX:

18.55%

Max Drawdown

PARMX:

-51.40%

ADJEX:

-57.92%

Current Drawdown

PARMX:

-18.24%

ADJEX:

-27.22%

Returns By Period

In the year-to-date period, PARMX achieves a 1.56% return, which is significantly higher than ADJEX's -1.45% return. Over the past 10 years, PARMX has outperformed ADJEX with an annualized return of 3.66%, while ADJEX has yielded a comparatively lower 2.39% annualized return.


PARMX

YTD

1.56%

1M

-11.82%

6M

-0.55%

1Y

2.60%

5Y*

1.42%

10Y*

3.66%

ADJEX

YTD

-1.45%

1M

-6.03%

6M

-5.43%

1Y

-1.33%

5Y*

2.00%

10Y*

2.39%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


PARMX vs. ADJEX - Expense Ratio Comparison

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


ADJEX
Azzad Ethical Fund
Expense ratio chart for ADJEX: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%
Expense ratio chart for PARMX: current value at 0.96% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.96%

Risk-Adjusted Performance

PARMX vs. ADJEX - Risk-Adjusted Performance Comparison

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.


Sharpe ratio
The chart of Sharpe ratio for PARMX, currently valued at 0.28, compared to the broader market-1.000.001.002.003.004.000.280.02
The chart of Sortino ratio for PARMX, currently valued at 0.46, compared to the broader market-2.000.002.004.006.008.0010.000.460.16
The chart of Omega ratio for PARMX, currently valued at 1.06, compared to the broader market0.501.001.502.002.503.003.501.061.02
The chart of Calmar ratio for PARMX, currently valued at 0.18, compared to the broader market0.002.004.006.008.0010.0012.0014.000.180.01
The chart of Martin ratio for PARMX, currently valued at 1.08, compared to the broader market0.0020.0040.0060.001.080.09
PARMX
ADJEX

The current PARMX Sharpe Ratio is 0.28, which is higher than the ADJEX Sharpe Ratio of 0.02. 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.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
0.28
0.02
PARMX
ADJEX

Dividends

PARMX vs. ADJEX - Dividend Comparison

Neither PARMX nor ADJEX has paid dividends to shareholders.


TTM20232022202120202019201820172016201520142013
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%
ADJEX
Azzad Ethical Fund
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.10%0.00%9.18%11.64%

Drawdowns

PARMX vs. ADJEX - Drawdown Comparison

The maximum PARMX drawdown since its inception was -51.40%, smaller than the maximum ADJEX drawdown of -57.92%. Use the drawdown chart below to compare losses from any high point for PARMX and ADJEX. For additional features, visit the drawdowns tool.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%JulyAugustSeptemberOctoberNovemberDecember
-18.24%
-27.22%
PARMX
ADJEX

Volatility

PARMX vs. ADJEX - Volatility Comparison

The current volatility for Parnassus Mid Cap Fund (PARMX) is 6.94%, while Azzad Ethical Fund (ADJEX) has a volatility of 8.47%. 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.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
6.94%
8.47%
PARMX
ADJEX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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