PARMX vs. CMJAX
Compare and contrast key facts about Parnassus Mid Cap Fund (PARMX) and Calvert US Mid-Cap Core Responsible Index Fund Class A (CMJAX).
PARMX is managed by Parnassus. It was launched on Apr 29, 2005. CMJAX is a passively managed fund by Calvert Research and Management that tracks the performance of the Calvert US Mid-Cap Core Responsible Index. It was launched on Oct 30, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PARMX or CMJAX.
Correlation
The correlation between PARMX and CMJAX is 0.93, 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
PARMX vs. CMJAX - Performance Comparison
Key characteristics
PARMX:
0.58
CMJAX:
0.92
PARMX:
0.86
CMJAX:
1.34
PARMX:
1.11
CMJAX:
1.16
PARMX:
0.37
CMJAX:
0.89
PARMX:
2.29
CMJAX:
4.54
PARMX:
3.47%
CMJAX:
2.81%
PARMX:
13.81%
CMJAX:
13.85%
PARMX:
-51.40%
CMJAX:
-38.09%
PARMX:
-14.40%
CMJAX:
-7.87%
Returns By Period
In the year-to-date period, PARMX achieves a 6.34% return, which is significantly lower than CMJAX's 11.29% return.
PARMX
6.34%
-7.52%
4.37%
7.25%
2.36%
4.20%
CMJAX
11.29%
-3.51%
7.46%
11.60%
8.14%
N/A
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PARMX vs. CMJAX - Expense Ratio Comparison
PARMX has a 0.96% expense ratio, which is higher than CMJAX's 0.49% expense ratio.
Risk-Adjusted Performance
PARMX vs. CMJAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Parnassus Mid Cap Fund (PARMX) and Calvert US Mid-Cap Core Responsible Index Fund Class A (CMJAX). 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
PARMX vs. CMJAX - Dividend Comparison
PARMX's dividend yield for the trailing twelve months is around 0.34%, while CMJAX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PARMX Parnassus Mid Cap Fund | 0.34% | 0.37% | 0.01% | 0.03% | 0.19% | 0.51% | 0.76% | 1.49% | 0.38% | 0.70% | 0.72% | 1.04% |
CMJAX Calvert US Mid-Cap Core Responsible Index Fund Class A | 0.00% | 0.84% | 0.80% | 0.34% | 0.56% | 0.63% | 1.10% | 0.95% | 0.72% | 0.29% | 0.00% | 0.00% |
Drawdowns
PARMX vs. CMJAX - Drawdown Comparison
The maximum PARMX drawdown since its inception was -51.40%, which is greater than CMJAX's maximum drawdown of -38.09%. Use the drawdown chart below to compare losses from any high point for PARMX and CMJAX. For additional features, visit the drawdowns tool.
Volatility
PARMX vs. CMJAX - Volatility Comparison
Parnassus Mid Cap Fund (PARMX) has a higher volatility of 6.20% compared to Calvert US Mid-Cap Core Responsible Index Fund Class A (CMJAX) at 4.85%. This indicates that PARMX's price experiences larger fluctuations and is considered to be riskier than CMJAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.