PARMX vs. SCHM
Compare and contrast key facts about Parnassus Mid Cap Fund (PARMX) and Schwab US Mid-Cap ETF (SCHM).
PARMX is managed by Parnassus. It was launched on Apr 29, 2005. SCHM is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones US Total Stock Market Mid-Cap. It was launched on Jan 13, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PARMX or SCHM.
Correlation
The correlation between PARMX and SCHM is 0.91, 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. SCHM - Performance Comparison
Key characteristics
PARMX:
-1.01
SCHM:
-0.51
PARMX:
-1.25
SCHM:
-0.56
PARMX:
0.84
SCHM:
0.92
PARMX:
-0.59
SCHM:
-0.44
PARMX:
-1.90
SCHM:
-1.78
PARMX:
8.75%
SCHM:
5.16%
PARMX:
16.49%
SCHM:
18.02%
PARMX:
-51.40%
SCHM:
-42.43%
PARMX:
-28.30%
SCHM:
-20.86%
Returns By Period
In the year-to-date period, PARMX achieves a -11.49% return, which is significantly higher than SCHM's -14.44% return. Over the past 10 years, PARMX has underperformed SCHM with an annualized return of 2.19%, while SCHM has yielded a comparatively higher 8.15% annualized return.
PARMX
-11.49%
-12.34%
-21.68%
-15.71%
4.98%
2.19%
SCHM
-14.44%
-12.81%
-13.99%
-8.12%
15.90%
8.15%
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PARMX vs. SCHM - Expense Ratio Comparison
PARMX has a 0.96% expense ratio, which is higher than SCHM's 0.04% expense ratio.
Risk-Adjusted Performance
PARMX vs. SCHM — Risk-Adjusted Performance Rank
PARMX
SCHM
PARMX vs. SCHM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Parnassus Mid Cap Fund (PARMX) and Schwab US Mid-Cap ETF (SCHM). 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. SCHM - Dividend Comparison
PARMX's dividend yield for the trailing twelve months is around 0.23%, less than SCHM's 2.37% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PARMX Parnassus Mid Cap Fund | 0.23% | 0.21% | 0.37% | 0.01% | 0.03% | 0.19% | 0.51% | 0.76% | 1.49% | 0.38% | 0.70% | 0.72% |
SCHM Schwab US Mid-Cap ETF | 2.37% | 2.05% | 3.72% | 1.67% | 2.02% | 2.97% | 3.69% | 2.26% | 2.37% | 3.69% | 3.07% | 2.97% |
Drawdowns
PARMX vs. SCHM - Drawdown Comparison
The maximum PARMX drawdown since its inception was -51.40%, which is greater than SCHM's maximum drawdown of -42.43%. Use the drawdown chart below to compare losses from any high point for PARMX and SCHM. For additional features, visit the drawdowns tool.
Volatility
PARMX vs. SCHM - Volatility Comparison
The current volatility for Parnassus Mid Cap Fund (PARMX) is 8.87%, while Schwab US Mid-Cap ETF (SCHM) has a volatility of 10.40%. This indicates that PARMX experiences smaller price fluctuations and is considered to be less risky than SCHM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.