PARNX vs. SPLG

In the year-to-date period, PARNX achieves a -3.84% return, which is significantly lower than SPLG's -0.21% return. Over the past 10 years, PARNX has underperformed SPLG with an annualized return of 2.07%, while SPLG has yielded a comparatively higher 12.51% annualized return.

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PARNX has a 0.80% expense ratio, which is higher than SPLG's 0.03% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for Parnassus Mid Cap Growth Fund (PARNX) and SPDR Portfolio S&P 500 ETF (SPLG). 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 SPLG Sharpe Ratio of 0.58. The chart below compares the historical Sharpe Ratios of PARNX and SPLG, 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 SPLG's dividend yield for the trailing twelve months is around 1.30%.

The maximum PARNX drawdown since its inception was -71.21%, which is greater than SPLG's maximum drawdown of -54.52%. Use the drawdown chart below to compare losses from any high point for PARNX and SPLG. For additional features, visit the drawdowns tool.

Parnassus Mid Cap Growth Fund (PARNX) has a higher volatility of 7.35% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 4.75%. This indicates that PARNX's price experiences larger fluctuations and is considered to be riskier than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.