PARNX vs. SWYJX
Compare and contrast key facts about Parnassus Mid Cap Growth Fund (PARNX) and Schwab Target 2055 Index Fund (SWYJX).
PARNX is managed by Parnassus. It was launched on Dec 27, 1984. SWYJX is managed by Schwab Funds. It was launched on Aug 24, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PARNX or SWYJX.
Correlation
The correlation between PARNX and SWYJX is 0.86, 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. SWYJX - Performance Comparison
Key characteristics
PARNX:
-0.17
SWYJX:
1.16
PARNX:
-0.12
SWYJX:
1.60
PARNX:
0.98
SWYJX:
1.21
PARNX:
-0.14
SWYJX:
1.86
PARNX:
-0.50
SWYJX:
6.57
PARNX:
5.89%
SWYJX:
1.98%
PARNX:
16.97%
SWYJX:
11.22%
PARNX:
-71.21%
SWYJX:
-32.63%
PARNX:
-18.09%
SWYJX:
-3.12%
Returns By Period
In the year-to-date period, PARNX achieves a -0.73% return, which is significantly lower than SWYJX's 1.85% return.
PARNX
-0.73%
-6.26%
-7.37%
-3.83%
3.48%
2.52%
SWYJX
1.85%
-1.69%
2.39%
11.85%
10.76%
N/A
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PARNX vs. SWYJX - Expense Ratio Comparison
PARNX has a 0.80% expense ratio, which is higher than SWYJX's 0.04% expense ratio.
Risk-Adjusted Performance
PARNX vs. SWYJX — Risk-Adjusted Performance Rank
PARNX
SWYJX
PARNX vs. SWYJX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Parnassus Mid Cap Growth Fund (PARNX) and Schwab Target 2055 Index Fund (SWYJX). 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. SWYJX - Dividend Comparison
PARNX has not paid dividends to shareholders, while SWYJX's dividend yield for the trailing twelve months is around 1.95%.
| 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% |
SWYJX Schwab Target 2055 Index Fund | 1.95% | 1.99% | 1.99% | 1.93% | 1.74% | 1.60% | 1.96% | 2.17% | 1.47% | 1.25% | 0.00% | 0.00% |
Drawdowns
PARNX vs. SWYJX - Drawdown Comparison
The maximum PARNX drawdown since its inception was -71.21%, which is greater than SWYJX's maximum drawdown of -32.63%. Use the drawdown chart below to compare losses from any high point for PARNX and SWYJX. For additional features, visit the drawdowns tool.
Volatility
PARNX vs. SWYJX - Volatility Comparison
Parnassus Mid Cap Growth Fund (PARNX) has a higher volatility of 4.52% compared to Schwab Target 2055 Index Fund (SWYJX) at 2.91%. This indicates that PARNX's price experiences larger fluctuations and is considered to be riskier than SWYJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.