PARMX vs. VTI
Compare and contrast key facts about Parnassus Mid Cap Fund (PARMX) and Vanguard Total Stock Market ETF (VTI).
PARMX is managed by Parnassus. It was launched on Apr 29, 2005. VTI is a passively managed fund by Vanguard that tracks the performance of the CRSP US Total Market Index. It was launched on May 24, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PARMX or VTI.
Key characteristics
| PARMX | VTI | |
|---|---|---|
| YTD Return | 18.42% | 26.70% |
| 1Y Return | 30.37% | 38.81% |
| 3Y Return (Ann) | -1.21% | 8.86% |
| 5Y Return (Ann) | 4.67% | 15.46% |
| 10Y Return (Ann) | 5.44% | 12.95% |
| Sharpe Ratio | 2.46 | 3.23 |
| Sortino Ratio | 3.44 | 4.29 |
| Omega Ratio | 1.42 | 1.60 |
| Calmar Ratio | 1.19 | 4.77 |
| Martin Ratio | 10.22 | 21.07 |
| Ulcer Index | 3.14% | 1.94% |
| Daily Std Dev | 13.03% | 12.59% |
| Max Drawdown | -51.40% | -55.45% |
| Current Drawdown | -4.67% | 0.00% |
Correlation
The correlation between PARMX and VTI 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. VTI - Performance Comparison
In the year-to-date period, PARMX achieves a 18.42% return, which is significantly lower than VTI's 26.70% return. Over the past 10 years, PARMX has underperformed VTI with an annualized return of 5.44%, while VTI has yielded a comparatively higher 12.95% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PARMX vs. VTI - Expense Ratio Comparison
PARMX has a 0.96% expense ratio, which is higher than VTI's 0.03% expense ratio.
Risk-Adjusted Performance
PARMX vs. VTI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Parnassus Mid Cap Fund (PARMX) and Vanguard Total Stock Market ETF (VTI). 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. VTI - Dividend Comparison
PARMX's dividend yield for the trailing twelve months is around 0.31%, less than VTI's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PARMX Parnassus Mid Cap Fund | 0.31% | 0.37% | 0.01% | 0.03% | 0.19% | 0.51% | 0.76% | 1.49% | 0.38% | 0.70% | 0.72% | 1.04% |
VTI Vanguard Total Stock Market ETF | 1.26% | 1.44% | 1.67% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% | 1.76% | 1.74% |
Drawdowns
PARMX vs. VTI - Drawdown Comparison
The maximum PARMX drawdown since its inception was -51.40%, smaller than the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for PARMX and VTI. For additional features, visit the drawdowns tool.
Volatility
PARMX vs. VTI - Volatility Comparison
The current volatility for Parnassus Mid Cap Fund (PARMX) is 3.42%, while Vanguard Total Stock Market ETF (VTI) has a volatility of 4.07%. This indicates that PARMX experiences smaller price fluctuations and is considered to be less risky than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.