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:
0.28
SCHM:
1.04
PARMX:
0.46
SCHM:
1.48
PARMX:
1.06
SCHM:
1.19
PARMX:
0.18
SCHM:
1.90
PARMX:
1.08
SCHM:
5.19
PARMX:
3.68%
SCHM:
2.99%
PARMX:
14.22%
SCHM:
15.00%
PARMX:
-51.40%
SCHM:
-42.43%
PARMX:
-18.24%
SCHM:
-7.14%
Returns By Period
In the year-to-date period, PARMX achieves a 1.56% return, which is significantly lower than SCHM's 13.18% return. Over the past 10 years, PARMX has underperformed SCHM with an annualized return of 3.66%, while SCHM has yielded a comparatively higher 10.63% annualized return.
PARMX
1.56%
-11.82%
-0.55%
2.60%
1.42%
3.66%
SCHM
13.18%
-3.14%
8.56%
13.83%
10.21%
10.63%
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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 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 has not paid dividends to shareholders, while SCHM's dividend yield for the trailing twelve months is around 1.43%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SCHM Schwab US Mid-Cap ETF | 1.43% | 3.60% | 2.73% | 2.52% | 1.91% | 3.27% | 2.26% | 1.76% | 3.51% | 3.16% | 2.21% | 2.56% |
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
Parnassus Mid Cap Fund (PARMX) has a higher volatility of 6.94% compared to Schwab US Mid-Cap ETF (SCHM) at 5.13%. This indicates that PARMX's price experiences larger fluctuations and is considered to be riskier than SCHM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.