PARNX vs. SPLG
Compare and contrast key facts about Parnassus Mid Cap Growth Fund (PARNX) and SPDR Portfolio S&P 500 ETF (SPLG).
PARNX is managed by Parnassus. It was launched on Dec 27, 1984. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PARNX or SPLG.
Correlation
The correlation between PARNX and SPLG is 0.78, 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. SPLG - Performance Comparison
Key characteristics
PARNX:
0.49
SPLG:
1.94
PARNX:
0.75
SPLG:
2.59
PARNX:
1.10
SPLG:
1.36
PARNX:
0.39
SPLG:
2.95
PARNX:
1.65
SPLG:
12.29
PARNX:
5.04%
SPLG:
2.02%
PARNX:
17.06%
SPLG:
12.83%
PARNX:
-71.21%
SPLG:
-54.52%
PARNX:
-12.62%
SPLG:
-0.79%
Returns By Period
In the year-to-date period, PARNX achieves a 5.90% return, which is significantly higher than SPLG's 3.22% return. Over the past 10 years, PARNX has underperformed SPLG with an annualized return of 3.80%, while SPLG has yielded a comparatively higher 13.78% annualized return.
PARNX
5.90%
5.90%
4.23%
10.87%
4.14%
3.80%
SPLG
3.22%
3.22%
12.17%
26.93%
15.30%
13.78%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PARNX vs. SPLG - Expense Ratio Comparison
PARNX has a 0.80% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Risk-Adjusted Performance
PARNX vs. SPLG — Risk-Adjusted Performance Rank
PARNX
SPLG
PARNX vs. SPLG - Risk-Adjusted Performance Comparison
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.
Dividends
PARNX vs. SPLG - Dividend Comparison
PARNX has not paid dividends to shareholders, while SPLG's dividend yield for the trailing twelve months is around 1.24%.
| 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% |
SPLG SPDR Portfolio S&P 500 ETF | 1.24% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% |
Drawdowns
PARNX vs. SPLG - Drawdown Comparison
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.
Volatility
PARNX vs. SPLG - Volatility Comparison
Parnassus Mid Cap Growth Fund (PARNX) has a higher volatility of 4.51% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 4.05%. 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.