PARNX vs. PRBLX
Compare and contrast key facts about Parnassus Mid Cap Growth Fund (PARNX) and Parnassus Core Equity Fund (PRBLX).
PARNX is managed by Parnassus. It was launched on Dec 27, 1984. PRBLX is managed by Parnassus. It was launched on Aug 31, 1992.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PARNX or PRBLX.
Correlation
The correlation between PARNX and PRBLX is 0.83, 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
PARNX vs. PRBLX - Performance Comparison
Key characteristics
PARNX:
0.49
PRBLX:
0.62
PARNX:
0.75
PRBLX:
0.84
PARNX:
1.10
PRBLX:
1.13
PARNX:
0.39
PRBLX:
0.61
PARNX:
1.65
PRBLX:
2.08
PARNX:
5.04%
PRBLX:
4.48%
PARNX:
17.06%
PRBLX:
15.08%
PARNX:
-71.21%
PRBLX:
-45.76%
PARNX:
-12.62%
PRBLX:
-9.01%
Returns By Period
In the year-to-date period, PARNX achieves a 5.90% return, which is significantly higher than PRBLX's 3.96% return. Over the past 10 years, PARNX has underperformed PRBLX with an annualized return of 3.80%, while PRBLX has yielded a comparatively higher 5.52% annualized return.
PARNX
5.90%
5.90%
4.23%
10.87%
4.14%
3.80%
PRBLX
3.96%
3.96%
0.11%
10.92%
6.28%
5.52%
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PARNX vs. PRBLX - Expense Ratio Comparison
PARNX has a 0.80% expense ratio, which is lower than PRBLX's 0.82% expense ratio.
Risk-Adjusted Performance
PARNX vs. PRBLX — Risk-Adjusted Performance Rank
PARNX
PRBLX
PARNX vs. PRBLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Parnassus Mid Cap Growth Fund (PARNX) and Parnassus Core Equity Fund (PRBLX). 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. PRBLX - Dividend Comparison
PARNX has not paid dividends to shareholders, while PRBLX's dividend yield for the trailing twelve months is around 0.37%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PARNX Parnassus Mid Cap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 1.45% | 0.09% | 2.53% | 1.32% | 0.93% | 0.81% | 4.40% | 3.37% |
PRBLX Parnassus Core Equity Fund | 0.37% | 0.38% | 0.57% | 0.49% | 0.83% | 0.57% | 0.73% | 1.14% | 1.30% | 1.02% | 2.17% | 1.46% |
Drawdowns
PARNX vs. PRBLX - Drawdown Comparison
The maximum PARNX drawdown since its inception was -71.21%, which is greater than PRBLX's maximum drawdown of -45.76%. Use the drawdown chart below to compare losses from any high point for PARNX and PRBLX. For additional features, visit the drawdowns tool.
Volatility
PARNX vs. PRBLX - Volatility Comparison
Parnassus Mid Cap Growth Fund (PARNX) has a higher volatility of 4.51% compared to Parnassus Core Equity Fund (PRBLX) at 3.84%. This indicates that PARNX's price experiences larger fluctuations and is considered to be riskier than PRBLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.