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:
0.43
SCHM:
1.42
PARMX:
0.66
SCHM:
1.97
PARMX:
1.09
SCHM:
1.25
PARMX:
0.30
SCHM:
2.59
PARMX:
1.15
SCHM:
6.30
PARMX:
5.40%
SCHM:
3.36%
PARMX:
14.31%
SCHM:
14.91%
PARMX:
-51.40%
SCHM:
-42.43%
PARMX:
-16.59%
SCHM:
-3.80%
Returns By Period
In the year-to-date period, PARMX achieves a 2.97% return, which is significantly lower than SCHM's 4.01% return. Over the past 10 years, PARMX has underperformed SCHM with an annualized return of 4.00%, while SCHM has yielded a comparatively higher 11.06% annualized return.
PARMX
2.97%
1.82%
-2.66%
4.12%
1.31%
4.00%
SCHM
4.01%
3.59%
8.23%
19.27%
10.57%
11.06%
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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 2.57% 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 | 2.57% | 2.67% | 4.51% | 3.42% | 2.02% | 1.96% | 2.66% | 2.13% | 2.72% | 3.26% | 2.95% | 4.45% |
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 6.06% compared to Schwab US Mid-Cap ETF (SCHM) at 5.27%. 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.