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 0.88, 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:
-0.35
CMJAX:
0.10
PARMX:
-0.37
CMJAX:
0.27
PARMX:
0.95
CMJAX:
1.04
PARMX:
-0.23
CMJAX:
0.09
PARMX:
-0.67
CMJAX:
0.31
PARMX:
10.08%
CMJAX:
5.99%
PARMX:
19.44%
CMJAX:
18.96%
PARMX:
-51.40%
CMJAX:
-38.09%
PARMX:
-22.85%
CMJAX:
-13.45%
Returns By Period
In the year-to-date period, PARMX achieves a -4.76% return, which is significantly higher than CMJAX's -6.85% return.
PARMX
-4.76%
-1.55%
-16.02%
-5.90%
3.61%
3.08%
CMJAX
-6.85%
-2.22%
-7.03%
1.75%
11.39%
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 Rank
PARMX
CMJAX
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 0.22%, less than CMJAX's 0.96% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PARMX Parnassus Mid Cap Fund | 0.22% | 0.21% | 0.37% | 0.01% | 0.03% | 0.19% | 0.51% | 0.76% | 1.49% | 0.38% | 0.70% | 0.72% |
CMJAX Calvert US Mid-Cap Core Responsible Index Fund Class A | 0.96% | 0.89% | 0.84% | 0.80% | 2.64% | 2.43% | 1.57% | 2.97% | 2.81% | 1.86% | 0.29% | 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) and Calvert US Mid-Cap Core Responsible Index Fund Class A (CMJAX) have volatilities of 13.31% and 13.42%, 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.