PARMX vs. WASMX
Compare and contrast key facts about Parnassus Mid Cap Fund (PARMX) and Boston Trust Walden SMID Cap Fund (WASMX).
PARMX is managed by Parnassus. It was launched on Apr 29, 2005. WASMX is managed by Boston Trust Walden Funds. It was launched on Jun 28, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PARMX or WASMX.
Correlation
The correlation between PARMX and WASMX is 0.86, 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. WASMX - Performance Comparison
Key characteristics
PARMX:
-0.35
WASMX:
-0.05
PARMX:
-0.37
WASMX:
0.05
PARMX:
0.95
WASMX:
1.01
PARMX:
-0.23
WASMX:
-0.05
PARMX:
-0.67
WASMX:
-0.15
PARMX:
10.08%
WASMX:
6.73%
PARMX:
19.44%
WASMX:
18.22%
PARMX:
-51.40%
WASMX:
-38.51%
PARMX:
-22.85%
WASMX:
-15.01%
Returns By Period
In the year-to-date period, PARMX achieves a -4.76% return, which is significantly higher than WASMX's -6.77% return. Over the past 10 years, PARMX has underperformed WASMX with an annualized return of 3.08%, while WASMX has yielded a comparatively higher 5.31% annualized return.
PARMX
-4.76%
-1.55%
-16.02%
-5.90%
3.61%
3.08%
WASMX
-6.77%
-3.40%
-8.22%
-0.04%
9.29%
5.31%
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PARMX vs. WASMX - Expense Ratio Comparison
PARMX has a 0.96% expense ratio, which is lower than WASMX's 1.00% expense ratio.
Risk-Adjusted Performance
PARMX vs. WASMX — Risk-Adjusted Performance Rank
PARMX
WASMX
PARMX vs. WASMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Parnassus Mid Cap Fund (PARMX) and Boston Trust Walden SMID Cap Fund (WASMX). 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. WASMX - Dividend Comparison
PARMX's dividend yield for the trailing twelve months is around 0.22%, less than WASMX's 0.46% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PARMX Parnassus Mid Cap Fund | 0.22% | 0.21% | 0.37% | 0.01% | 0.03% | 0.19% | 0.51% | 0.76% | 1.49% | 0.38% | 0.70% | 0.72% |
WASMX Boston Trust Walden SMID Cap Fund | 0.46% | 0.43% | 0.45% | 0.44% | 0.49% | 0.54% | 0.53% | 0.58% | 0.52% | 0.94% | 0.18% | 0.04% |
Drawdowns
PARMX vs. WASMX - Drawdown Comparison
The maximum PARMX drawdown since its inception was -51.40%, which is greater than WASMX's maximum drawdown of -38.51%. Use the drawdown chart below to compare losses from any high point for PARMX and WASMX. For additional features, visit the drawdowns tool.
Volatility
PARMX vs. WASMX - Volatility Comparison
Parnassus Mid Cap Fund (PARMX) has a higher volatility of 13.31% compared to Boston Trust Walden SMID Cap Fund (WASMX) at 11.94%. This indicates that PARMX's price experiences larger fluctuations and is considered to be riskier than WASMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.