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 0.90, 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:
0.07
PARMX:
0.28
SCHM:
0.25
PARMX:
1.04
SCHM:
1.03
PARMX:
0.09
SCHM:
0.06
PARMX:
0.33
SCHM:
0.22
PARMX:
5.88%
SCHM:
6.63%
PARMX:
18.67%
SCHM:
21.25%
PARMX:
-49.88%
SCHM:
-42.43%
PARMX:
-12.56%
SCHM:
-14.97%
Returns By Period
In the year-to-date period, PARMX achieves a -4.76% return, which is significantly higher than SCHM's -8.07% return. Over the past 10 years, PARMX has underperformed SCHM with an annualized return of 6.90%, while SCHM has yielded a comparatively higher 8.97% annualized return.
PARMX
-4.76%
-3.21%
-8.16%
2.90%
7.97%
6.90%
SCHM
-8.07%
-4.69%
-7.50%
1.38%
13.18%
8.97%
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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 10.42%, more than SCHM's 1.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PARMX Parnassus Mid Cap Fund | 10.42% | 9.92% | 2.29% | 4.90% | 4.88% | 0.36% | 4.15% | 3.90% | 4.19% | 2.76% | 6.42% | 1.90% |
SCHM Schwab US Mid-Cap ETF | 1.53% | 1.43% | 1.50% | 1.67% | 1.14% | 1.31% | 1.48% | 1.56% | 1.27% | 1.51% | 1.54% | 1.48% |
Drawdowns
PARMX vs. SCHM - Drawdown Comparison
The maximum PARMX drawdown since its inception was -49.88%, 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 13.31%, while Schwab US Mid-Cap ETF (SCHM) has a volatility of 14.84%. 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.