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:
0.10
SCHM:
1.02
PARMX:
0.22
SCHM:
1.48
PARMX:
1.03
SCHM:
1.18
PARMX:
0.07
SCHM:
1.82
PARMX:
0.21
SCHM:
4.26
PARMX:
6.44%
SCHM:
3.50%
PARMX:
14.00%
SCHM:
14.56%
PARMX:
-51.40%
SCHM:
-42.43%
PARMX:
-15.61%
SCHM:
-4.23%
Returns By Period
In the year-to-date period, PARMX achieves a 4.17% return, which is significantly higher than SCHM's 3.54% return. Over the past 10 years, PARMX has underperformed SCHM with an annualized return of 3.86%, while SCHM has yielded a comparatively higher 10.41% annualized return.
PARMX
4.17%
-0.18%
-4.86%
2.00%
1.39%
3.86%
SCHM
3.54%
-1.88%
8.27%
15.82%
10.33%
10.41%
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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 0.20%, less than SCHM's 2.12% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PARMX Parnassus Mid Cap Fund | 0.20% | 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 | 2.12% | 2.20% | 3.82% | 3.96% | 1.14% | 3.77% | 3.81% | 4.13% | 1.27% | 4.12% | 3.08% | 2.13% |
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 2.81%, while Schwab US Mid-Cap ETF (SCHM) has a volatility of 3.01%. 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.