PARNX vs. IUSG
Compare and contrast key facts about Parnassus Mid Cap Growth Fund (PARNX) and iShares Core S&P U.S. Growth ETF (IUSG).
PARNX is managed by Parnassus. It was launched on Dec 27, 1984. IUSG is a passively managed fund by iShares that tracks the performance of the Russell 3000 Growth Index. It was launched on Jul 24, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PARNX or IUSG.
Performance
PARNX vs. IUSG - Performance Comparison
Returns By Period
In the year-to-date period, PARNX achieves a 15.17% return, which is significantly lower than IUSG's 32.46% return. Over the past 10 years, PARNX has underperformed IUSG with an annualized return of 3.72%, while IUSG has yielded a comparatively higher 14.66% annualized return.
PARNX
15.17%
2.71%
10.14%
24.90%
5.99%
3.72%
IUSG
32.46%
1.85%
14.69%
37.51%
17.27%
14.66%
Key characteristics
| PARNX | IUSG | |
|---|---|---|
| Sharpe Ratio | 1.64 | 2.26 |
| Sortino Ratio | 2.28 | 2.94 |
| Omega Ratio | 1.28 | 1.41 |
| Calmar Ratio | 0.95 | 2.90 |
| Martin Ratio | 8.36 | 12.13 |
| Ulcer Index | 3.03% | 3.12% |
| Daily Std Dev | 15.46% | 16.80% |
| Max Drawdown | -71.21% | -63.35% |
| Current Drawdown | -8.14% | -1.49% |
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PARNX vs. IUSG - Expense Ratio Comparison
PARNX has a 0.80% expense ratio, which is higher than IUSG's 0.04% expense ratio.
Correlation
The correlation between PARNX and IUSG is 0.85, 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.
Risk-Adjusted Performance
PARNX vs. IUSG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Parnassus Mid Cap Growth Fund (PARNX) and iShares Core S&P U.S. Growth ETF (IUSG). 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
PARNX vs. IUSG - Dividend Comparison
PARNX has not paid dividends to shareholders, while IUSG's dividend yield for the trailing twelve months is around 0.65%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PARNX Parnassus Mid Cap Growth Fund | 0.00% | 0.00% | 0.00% | 1.45% | 0.09% | 2.53% | 1.32% | 0.93% | 0.81% | 4.40% | 3.37% | 4.24% |
IUSG iShares Core S&P U.S. Growth ETF | 0.65% | 1.12% | 1.07% | 0.59% | 0.93% | 1.64% | 1.32% | 1.28% | 1.48% | 1.29% | 1.21% | 1.22% |
Drawdowns
PARNX vs. IUSG - Drawdown Comparison
The maximum PARNX drawdown since its inception was -71.21%, which is greater than IUSG's maximum drawdown of -63.35%. Use the drawdown chart below to compare losses from any high point for PARNX and IUSG. For additional features, visit the drawdowns tool.
Volatility
PARNX vs. IUSG - Volatility Comparison
The current volatility for Parnassus Mid Cap Growth Fund (PARNX) is 4.89%, while iShares Core S&P U.S. Growth ETF (IUSG) has a volatility of 5.29%. This indicates that PARNX experiences smaller price fluctuations and is considered to be less risky than IUSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.