PARNX vs. FLAPX

In the year-to-date period, PARNX achieves a -3.84% return, which is significantly lower than FLAPX's 0.16% return.

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

PARNX has a 0.80% expense ratio, which is higher than FLAPX's 0.00% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for Parnassus Mid Cap Growth Fund (PARNX) and Fidelity Flex Mid Cap Index Fund (FLAPX). 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.

The current PARNX Sharpe Ratio is -0.25, which is lower than the FLAPX Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of PARNX and FLAPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

PARNX has not paid dividends to shareholders, while FLAPX's dividend yield for the trailing twelve months is around 1.07%.

The maximum PARNX drawdown since its inception was -71.21%, which is greater than FLAPX's maximum drawdown of -40.31%. Use the drawdown chart below to compare losses from any high point for PARNX and FLAPX. For additional features, visit the drawdowns tool.

Parnassus Mid Cap Growth Fund (PARNX) has a higher volatility of 7.35% compared to Fidelity Flex Mid Cap Index Fund (FLAPX) at 5.38%. This indicates that PARNX's price experiences larger fluctuations and is considered to be riskier than FLAPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.